为贯彻落实党中央、国务院决策部署，充分发挥财政资金引导带动作用，加大直达消费者的普惠政策力 度，进一步激发消费需求，释放消费活力，财政部、商务部、税务总局联合印发《关于开展有奖发票试 点工作的通知》(以下简称《通知》)。近日，财政部、商务部、税务总局有关负责人就《通知》有关情 况回答了记者提问。 一、2025年以来，国家连续出台提振消费、扩大内需政策举措，此次开展有奖发票试点工作的主要背景 是什么？ 答：消费是经济增长的重要引擎，是国内大循环的关键环节，是人民对美好生活需要的直接体现，做好 提振消费工作具有重要意义。党中央、国务院高度重视扩消费工作。 2025年以来，随着一系列扩内需、促消费政策措施落地见效，消费市场总体保持平稳发展态势，消费新 亮点新热点不断涌现。2025年1—11月，社会消费品零售总额45.6万亿元，同比增长4.0%，增速比去年 全年加快0.5个百分点；服务零售额同比增长5.4%，继续保持平稳较快增长。2025年前三季度，最终消 费支出对GDP增长的贡献率达53.5%。 为贯彻落实党中央、国务院决策部署，财政部、商务部、税务总局联合开展有奖发票试点工作，通过对 居民消费取得的发票抽奖，激发 ...

12月31日，财政部、商务部、税务总局发布关于开展有奖发票试点工作的通知。通知提出，支持试点城 市结合当地消费形势及工作基础，探索开展有奖发票活动，进一步提高消费者积极性。试点城市申报范 围为地市级及以上城市（包括直辖市，计划单列市，各省、自治区省会或首府城市，地级市、州、 盟）。支持50个左右城市开展试点工作，主要向人口基数大、带动作用强、发展潜力好的城市倾斜，同 时兼顾地区间政策平衡。政策实施期为6个月。 试点城市对个人消费者以本人名义向零售、餐饮、住 宿、文化艺术、娱乐、旅游、体育、居民服务业等行业的经营主体购买商品和服务，且取得的票面金额 在一定额度以上的发票组织抽奖。试点城市自行确定中奖发票最低票面额度（不低于100元）、中奖比 例和奖项设置，及时兑付补贴资金。单张发票奖项金额原则上不超过800元。 财政部 商务部 税务总局关于开展有奖发票试点工作的通知 （一）政策目标。按照党中央、国务院关于大力提振消费的决策部署，支持试点城市结合当地消费形势 及工作基础，探索开展有奖发票活动，进一步提高消费者积极性，激发零售、餐饮、住宿、文化艺术、 娱乐、旅游、体育、居民服务业等领域消费潜力，为巩固拓展经济稳中向 ...

龚正说，明年是实施"十五五"规划的开局之年，我们要坚持扩大内需这个战略基点，努力推动经济 实现质的有效提升和量的合理增长。要更大力度提振消费，深入实施提振消费专项行动，着力扩大优质 商品和服务供给。要着力扩大有效投资，坚持投资于物和投资于人紧密结合，保持投资合理增长，提高 投资效益。要全力稳外贸，优化贸易市场结构和产品结构，加快推动外贸转型升级，不断强化贸易枢纽 功能。要持续深化营商环境改革，充分激发各类经营主体活力，加快推出上海优化营商环境9.0版行动 方案。 龚正说，要深入推进人民城市建设，构建现代化基础设施体系，加强统筹规划布局，提高基础设施 安全韧性，更好促发展、补短板、守底线。高质量开展城市更新行动，做好"两旧一村"改造后半篇文 章，抓好商办楼宇改造提升。加快美丽上海建设，以更高标准打好蓝天、碧水、净土保卫战，打造人与 自然和谐共生的美丽家园。促进高质量充分就业，更大力度解决就业结构性矛盾，统筹抓好教育、培训 和就业，加快塑造现代化人力资源。优化"一老一小"服务，加快建设老年友好型社会和儿童友好城市。 龚正还就培育发展新质生产力、深化高水平改革开放、"十五五"规划编制等方面情况进行了通报。 黄莉新指 ...

Downstream Consumption - The tourism sector shows continued high activity, with Shanghai Disneyland's crowd index averaging 67%, reflecting a year-on-year increase of 29.4% [7] - The Hainan tourism price index increased by 2.5% week-on-week, indicating a significant improvement in tourism activity due to the lifting of restrictions [7] - Real estate sales remain low, with a year-on-year decline of 30.5% in transaction area across 30 major cities, despite recent policy adjustments aimed at stimulating the market [9] Technology & Manufacturing - The electronic industry continues to experience high demand driven by AI infrastructure investments, with DRAM prices for DDR4 and DDR5 increasing by 12.4% and 5.3% respectively [19] - PCB exports in November 2025 rose by 29.5% year-on-year, maintaining a high growth rate [19] - Manufacturing activity remains stable, with slight fluctuations in operating rates across various sectors, while chemical raw material prices have seen significant increases [25][34] Upstream Resources - Coal prices have continued to decline, with the Qinhuangdao port Q5500 coal price dropping by 4.4% week-on-week [39] - Industrial metal prices have accelerated upward, with copper and aluminum prices increasing by 5.9% and 1.6% respectively [41] Logistics and Transportation - There is a weakening demand for freight logistics, with nationwide highway truck traffic and railway freight volume decreasing by 0.5% and 6.1% respectively [51] - Long-distance travel demand has also shown a marginal decline, with international flight operations down by 2.6% week-on-week [46]

一年来，市人大代表聚焦新时代首都高质量发展大局，紧扣人民群众急难愁盼问题，积极建言献策，共 提出建议973件，相关意见分别交有关机关和组织研究办理，所有建议均依法按期办结并答复代表。 从办理结果看，吸纳建议并推动相关工作取得进展或列入工作计划的886件，占比91.06%； 昨日，北京市十六届人大常委会第二十一次会议召开。会议听取和审议了市人大常委会、"一府两院"关 于2025年市人大代表建议、批评和意见办理情况的报告。 对改进工作具有参考价值，拟在后续工作中研究借鉴，或因法律政策限制、现实条件不足无法解决并向 代表充分说明的87件，占比8.94%。 代表建议涉及社会发展方方面面 市人大常委会在报告中指出，在这973件建议中，市十六届人大三次会议期间提出946件，闭会期间提出 27件。从建议内容分类来看，涉及城乡建设方面320件，占比32.89%；社会发展方面338件，占比 34.73%；综合经济方面215件，占比22.10%；法治建设方面49件，占比5.04%；行政管理方面36件，占 比3.70%；宗教党派团体15件，占比1.54%。 经综合分析研究，市人大常委会按照代表建议内容和承办单位职能，将973件建议 ...

格隆汇12月30日｜据澎湃，上海市十六届人大常委会第二十六次会议今天继续举行。上海市委副书记、 市长龚正通报本市经济社会发展情况。龚正说，明年是实施"十五五"规划的开局之年，我们要坚持扩大 内需这个战略基点，努力推动经济实现质的有效提升和量的合理增长。要更大力度提振消费，深入实施 提振消费专项行动，着力扩大优质商品和服务供给。要着力扩大有效投资，坚持投资于物和投资于人紧 密结合，保持投资合理增长，提高投资效益。要全力稳外贸，优化贸易市场结构和产品结构，加快推动 外贸转型升级，不断强化贸易枢纽功能。要持续深化营商环境改革，充分激发各类经营主体活力，加快 推出上海优化营商环境9.0版行动方案。 ...

Core Viewpoint - The Ministry of Finance emphasizes that next year's fiscal policy will focus on boosting consumption, with a key initiative being the support for the replacement of old consumer goods with new ones [1] Group 1: Fiscal Policy Initiatives - The Ministry of Finance will continue to allocate special funds to support the initiative of replacing old consumer goods, providing solid financial backing for consumers to upgrade their products [1] - The subsidy scope and standards will be adjusted and optimized to better align with market demands and consumer expectations, enhancing the effectiveness of subsidy policies [1] Group 2: Market Impact - The adjustments in fiscal policy are expected to stimulate consumption and promote a sustained increase in the consumer market, injecting new momentum into high-quality economic development [1] Group 3: Industry Statistics - As of now, there are over 230,000 existing and operational enterprises related to material recycling in China, with Guangdong, Shandong, and Jiangsu provinces having the highest number of such enterprises, exceeding 25,000, 23,000, and 19,000 respectively [1]

Group 1 - The core viewpoint emphasizes that boosting consumption is essential for facilitating economic circulation and fulfilling people's aspirations for a better life, thereby releasing effective consumer demand and promoting sustainable economic growth [1] - The Ministry of Finance plans to implement special actions to stimulate consumption, including financial support for trade-in programs and adjustments to subsidy standards [1] - The current period is critical for upgrading consumption structures in China, and maximizing consumer potential is necessary to stimulate the multiplier effect in the domestic market [1] Group 2 - In Henan, the retail sales of consumer goods reached 2.64 trillion yuan in the first 11 months of the year, with a year-on-year growth of 5.8%, surpassing the national average by 1.8 percentage points [2] - The vibrant consumption market in Henan is driven by policy incentives and strong market demand, with various new consumption formats emerging and gaining popularity [2] - The shift in consumer expectations from merely obtaining products to seeking quality experiences highlights the need for businesses to adapt and enhance their service offerings [2] Group 3 - Effective implementation of national subsidy policies is crucial, as policies alone cannot fundamentally change market dynamics [3] - There is a need to improve infrastructure and optimize the service environment to support consumer spending and income growth [3] - The focus for the new year should be on precise and effective consumption stimulation policies to create a favorable environment for quality consumer goods, thereby driving economic development in Henan [3]

会议指出，2026年继续实施更加积极的财政政策。一是扩大财政支出盘子，确保必要支出力度。二是优化政府债券工具 组合，更好发挥债券效益。三是提高转移支付资金效能，增强地方自主可用财力。四是持续优化支出结构，强化重点领 域保障。五是加强财政金融协同，放大政策效能。 全国财政工作会议12月27日至28日在北京召开。财政部部长蓝佛安表示，明年财政将大力提振消费。深入实施提振消费 专项行动，继续安排资金支持消费品以旧换新，调整优化补贴范围和标准。 ...

Group 1 - The Chinese government is focusing on boosting consumption as a key driver for economic growth, with plans to implement special actions and increase funding for consumer goods replacement programs [1][2] - In the first 11 months of the year, China's retail sales of consumer goods grew by 4% year-on-year, indicating a stronger performance compared to the same period last year [1] - The government plans to allocate 300 billion yuan for consumer goods replacement programs, an increase of 150 billion yuan from the previous year, and 200 billion yuan for equipment upgrades, an increase of 50 billion yuan [1] Group 2 - The "Special Action Plan for Boosting Consumption" aims to utilize long-term special government bonds to support local initiatives for consumer goods replacement, particularly in durable goods like automobiles and home appliances [2] - The consumer goods replacement program has generated over 2.5 trillion yuan in sales, benefiting more than 360 million people [2] - The retail sales of home appliances, audio-visual equipment, and communication devices have seen significant year-on-year growth of 14.8%, 18.2%, and 20.9% respectively [2] Group 3 - The global spending on generative AI is projected to grow from $225 billion in 2023 to $699 billion by 2030, with a compound annual growth rate (CAGR) of 21% [3] - AI dialogue platforms are expected to be the fastest-growing segment, with monthly active users projected to exceed 5 billion by 2030 [3] - Domestic consumption is anticipated to continue its moderate recovery, with structural opportunities in domestic brands, AI integration in consumption, and high-dividend blue-chip stocks [3] Group 4 - The Chinese consumption market is entering a new phase characterized by a focus on value for money in mass products while consumers are willing to pay a premium for innovative products that provide emotional value [4] - The collectibles market is rapidly expanding, and the jewelry industry is shifting from channel-driven to product and design-driven strategies [4] - Domestic cosmetics are gaining traction due to advantages in research and marketing, presenting growth opportunities for leading companies [4] Group 5 - China Duty Free Group (601888) is positioned to benefit from potential policy changes that could enhance duty-free shopping for inbound travelers [5] - Xiaomi (01810) is leveraging its AI ecosystem to enhance its product offerings across multiple scenarios, which may drive future growth [6] - Midea Group (000333) is expected to achieve a sales growth of approximately 10% in 2025, maintaining its status as a preferred stock in the Chinese consumer sector [6] - BYD (002594) is projected to have a compound annual growth rate of 30% in profits from 2025 to 2028, with increasing contributions from overseas markets [6] - Pop Mart (09992) is experiencing significant revenue growth, with a projected net profit increase, supported by its diverse IP matrix and product offerings [7]