F 9 i fe 新年伊始，多地迎来2026年首批入境游客。如今，越来越多的入境游客来到中国旅游、购物，体验美好 生活。近日，携程发布的《2025中国入境游年度报告》(以下简称《报告》)显示，2025年前三季度入境 游订单增长100%，来自免签国家的订单平均增长153%。入境游客在华体验更丝滑更便捷，他们不仅喜 欢北京、上海、广东广州等传统热门城市，还乐意深度游览中国，体验丰富的文化。中国入境游正在经 历从"数量回升"到"质量飞跃"的关键期，发展潜力巨大。 许多外国游客来中国旅行迎接新年。去哪儿旅行数据显示，元旦假期，使用非中国护照旅客预订国内航 班目的地覆盖了97个城市。上海、广州、北京、深圳、成都、哈尔滨、海口、厦门、青岛、杭州是深受 外国游客欢迎的入境游城市。元旦假期的入境游主要客源国为越南、新加坡、马来西亚、韩国、印度尼 西亚等国，沙特阿拉伯、乌兹别克斯坦、美国、澳大利亚的游客也增幅明显。 元旦假期，海口和三亚是全国入境机票量增长最快的城市，增幅分别超过3倍和5倍。马来西亚、泰国、 韩国、越南、澳大利亚、俄罗斯的游客最爱来海南。此外，入境游增长较快的城市还有许多特色小城， 如大理、西双版纳、北海、徐州 ...

有专业机构数据显示，元旦假期，中国入境游市场保持强劲增长，门票预订量同比增110%，入境体验 型玩乐产品预订量增长超30倍。入境游市场的蓬勃发展，映照出一个传统与现代交融的中国，是中华文 化绽放灿烂光芒的缩影。 境外游客对中国形象的深层次认同，推动"中国游"热度持续走高。英国《旅游评论》杂志网站指出，外 国游客在中国体验友好、便利和高效服务的经历，悄然打破国际社会对中国的刻板印象。安全和谐的环 境、热情友好的氛围、炫酷新潮的文化、智能高效的生活……境外游客纷纷赞叹如今的中国"更现代、 更便利，也更容易融入"。在世界旅游城市联合会发布的《世界旅游城市发展报告（2024—2025）》 中，共有5座中国城市进入旅游安全度世界排名前20，5座中国城市进入智慧度排名前10。良好的旅游体 验、充满活力的中国形象，直接转化为"中国游"整体吸引力的不断提升。 一个更加开放、更有品质、更富温度的中国入境游市场，是世界感知中国脉动的桥梁。"中国游"潜力持 续释放，必将推动人文交流不断升温，让各国人民亲身感受一个真实、立体、全面的中国。 "说走就走"的中国之旅成为现实，离不开政策护航。中国推出一系列入境游便利化举措，目前已对全球 ...

新华社北京1月4日电 题："中国游""中国购"持续火热！入境游消费潜力无穷 新华社记者黄扬、韩乔、杨思琪 新年来临，成都的商业街上，丹麦女孩瑞贝卡仰望漫天升起的气球欢呼雀跃；广州的大排档里，意大利人尤里拍照分享自己的"跨年晚宴"； 在北京街头，西班牙人布拉姆买下写有"人生喜乐"的梳子作为新年礼物……中国的街头、商圈、饭店里，拎着大包小包的外国游客出现得更加频 繁。 过境免签政策持续扩容、免税购物政策不断优化、"即买即退"适用商店持续增加……得益于中国日益开放的举措，2026年新年伊始，越来越 多外国游客在中国旅游、购物，激活更多消费动能。 中国国家移民管理局发布数据显示，今年元旦假期，外国人出入境82.8万人次，较去年同期增长29.8%；入境外国人中，适用免签政策入境 29.2万人次，较去年同期增长35.8%。 "中国游"更畅快 从悉尼到北京再到哈尔滨，约16小时的空中旅途，并没有减少澳大利亚游客司云龙对此次"新年中国行"的期待。免签政策、直航航班等措 施，让司云龙感慨"旅途丝滑又顺畅"！ 司云龙是第一次来到"尔滨"。下飞机后不久，他就直奔冰雪大世界，在冰天雪地玩了五个小时，"澳大利亚现在正是夏天，和这里温差 ...

境外游客对中国形象的深层次认同，推动"中国游"热度持续走高。英国《旅游评论》杂志网站指出，外 国游客在中国体验友好、便利和高效服务的经历，悄然打破国际社会对中国的刻板印象。安全和谐的环 境、热情友好的氛围、炫酷新潮的文化、智能高效的生活……境外游客纷纷赞叹如今的中国"更现代、 更便利，也更容易融入"。在世界旅游城市联合会发布的《世界旅游城市发展报告（2024—2025）》 中，共有5座中国城市进入旅游安全度世界排名前20，5座中国城市进入智慧度排名前10。良好的旅游体 验、充满活力的中国形象，直接转化为"中国游"整体吸引力的不断提升。 一个更加开放、更有品质、更富温度的中国入境游市场，是世界感知中国脉动的桥梁。"中国游"潜力持 续释放，必将推动人文交流不断升温，让各国人民亲身感受一个真实、立体、全面的中国。 《人民日报》（2026年01月05日03版） 入境游市场的蓬勃发展，映照出一个传统与现代交融的中国，是中华文化绽放灿烂光芒的缩影 有专业机构数据显示，元旦假期，中国入境游市场保持强劲增长，门票预订量同比增110%，入境体验 型玩乐产品预订量增长超30倍。入境游市场的蓬勃发展，映照出一个传统与现代交融的中国 ...

新华社伦敦12月9日电（记者赵小娜）英国专业旅游行业媒体《旅游评论》杂志网站8日发表评论文 章说，2025年中国入境游持续升温，增速显著。这一趋势的意义不仅在于经济收益，更成为国际社会全 面理解真实中国的重要窗口。文章摘要如下： 2025年，中国入境游呈爆发式增长。中国推出的免签入境等便利政策是推动入境游市场强劲增长的 关键因素之一。 外国游客选择中国之旅主要有五大原因：一是中国独特且深厚的文化底蕴，二是高铁、数字支付等 先进的基础设施，三是便利的签证政策，四是高性价比的入境游体验，五是安全友好的环境与中国人的 热情好客。 入境游的价值不止于经济层面。随着入境游客数量不断上升，国际社会看到一个更加真实、升腾烟 火气的中国。历史上许多冲突源于误解和刻板印象，而面对面的交流是消除隔阂的最佳方式。每一位在 中国经历友好、便利和高效服务的游客，都在悄然打破外国人的对华刻板印象。 ...

【金工】新股募资规模环比回落，网下询价账户持续扩容——打新市场跟踪月报20251201 点击注册小程序 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 今 日 聚 焦 2025年11月，共11只新股上市，募集金额共计101.88亿元，新股发行规模环比走弱，但单月募资仍维持百 亿元水平。网下询价账户数量继续增长，新股认购需求保持高位。主板和双创板块新股首日平均涨幅分别 为177.8%和267.7%，初步询价配售对象分别为主板9614家、双创板块8371家。5亿规模账户当月打新收益 率约为A类：0.14%，B类0.14%。 （祁嫣然/陈颖） 2025-12-01 您可点击今日推送内容的第1条查看 【金工】市场情绪降温，基金抱团程度加强——金融工程量化月报20251201 截至2025年11月28日，沪深300上涨家 ...

Group 1 - The report indicates that the sentiment in the market has cooled down, with a slight decrease in the proportion of rising stocks in the CSI 300 index, which remains above 50%, suggesting a cautious outlook for the near term [2] - The new stock fundraising scale has decreased month-on-month, with November 2025 seeing 11 new stocks listed and a total fundraising amount of 10.188 billion yuan, although it still maintains a level above 10 billion yuan [3] - The report predicts negative year-on-year profit growth for industries such as coal, cement, float glass, and ordinary steel, while fuel refining profits are expected to see slight positive growth [4] Group 2 - The inbound tourism market in China is entering a high-quality development phase, driven by visa-free policies and cultural outreach, with significant growth potential for leading OTA companies like Ctrip and Tongcheng Travel [5] - Ctrip is positioned as a leading OTA benefiting from the inbound tourism boom, while Tongcheng Travel is rapidly expanding its international business [5] - The report recommends a "buy" rating for Ctrip Group and maintains a "buy" rating for Tongcheng Travel, while also giving an "accumulate" rating for Zhongxin Tourism [5] Group 3 - The report highlights that China's copper smelting plants are expected to reduce production by over 10% in 2026, which is anticipated to support a bullish outlook for copper prices [6] - The copper market is facing a shortage that is affecting electrolytic copper, with imbalances in inventory potentially leading to increased tightness outside the US [6] - Recommendations include Zijin Mining, Luoyang Molybdenum, Western Mining, and Jinchuan Group, with a focus on companies like Tongling Nonferrous Metals and Jiangxi Copper [6] Group 4 - The report tracks high-frequency data on the real estate market, indicating a cumulative transaction of 706,000 new homes across 20 cities, reflecting a 13% decrease year-on-year [7] - In major cities, Beijing saw a 19% decline in new home transactions, while Shanghai and Shenzhen experienced decreases of 5% and 31%, respectively [7] - Conversely, the second-hand housing market showed a slight increase of 3.1% in transactions across 10 cities, with notable increases in Beijing, Shanghai, and Shenzhen [7]

Core Insights - China's inbound tourism market has seen a remarkable increase, with inbound tourist numbers rising over 100% year-on-year, and significant growth in spending from American tourists (up 50%) and French tourists (up 160%) [1][2] - The surge in inbound tourism is attributed to relaxed visa policies and the enduring appeal of Chinese culture, but there is a challenge in converting this influx into long-term engagement [1][4] Visa Policies and Accessibility - China has implemented unilateral visa-free policies for 48 countries, allowing ordinary passport holders to enter for business, tourism, family visits, or transit for up to 30 days without a visa [1] - Major source countries such as France, Germany, Japan, and Brazil are included in the visa-free policy, with the validity extended to the end of 2026 for 46 countries, enhancing stability [2] - Additional measures like mutual visa exemptions with Thailand and Singapore, and 144-hour transit visa exemptions, have created a multi-layered system for inbound convenience [2] Economic Impact and Consumer Behavior - The Ministry of Commerce and other departments have introduced measures to optimize the tax refund policy for outbound tourists, lowering the minimum refund threshold from 500 yuan to 200 yuan and increasing cash refund limits from 10,000 yuan to 20,000 yuan [2] - In the first quarter, Sichuan province reported a 204.78% increase in the number of tourists claiming tax refunds, with sales in tax refund stores up 200.91% and the total refund amount up 211.64% [2] Cultural Engagement and Experience - The core competitiveness of inbound tourism lies in the unique charm of Chinese culture, but many tourism products currently suffer from superficial representations [3] - To address this, there is a need to transform cultural experiences into active participation, such as VR projects and immersive cultural activities that allow tourists to engage with Chinese culture more deeply [4] - Developing interactive projects and training guides with cross-cultural communication skills can enhance the visitor experience and foster a genuine connection with Chinese culture [4] Sustainable Development and Future Directions - The sustainable development of inbound tourism requires building a strong brand for tourism destinations, improving global promotion strategies, and establishing a feedback loop for continuous improvement [4] - Recommendations from the China Tourism Research Institute suggest enhancing travel convenience through optimized visa policies, digital tools for visa applications, and addressing common pain points for foreign tourists [5] - The evolution of inbound tourism is shifting from short-term spikes to a lasting appeal that showcases the unique charm of Chinese culture and strengthens connections between China and the world [5]

得益于便利的签证政策和直航航线以及独特的旅游体验，今年中国国庆中秋长假期间，前往以阿联酋为 首的中东国家的中国游客数量大幅增长。携程旅行网的数据显示，9月27日至10月8日，中国游客前往阿 布扎比的预订量同比增长229%。此外，旅游数据分析公司ForwardKeys的数据显示，9月27日至10月12 日，前往迪拜的中国游客数量同比增长27%。 今年4月28日至5月1日，阿联酋中国文化中心组织来自中国北京、辽宁、黑龙江、上海、江苏、山东、 湖北、湖南、广东、广西、四川、重庆、陕西13个目的地的7家文化和旅游主管部门，以及26家旅游相 关企业组成的130人展团联合参加在阿联酋迪拜举办的2025年阿拉伯旅游展。中国展区以"你好！中 国"为主题，以"中外旅行商对接洽谈"为重点，突出"旅游+文化""旅游+航空""旅游+科技"三大特色，全 方位推介中国入境游。26家中国入境旅游相关企业与阿拉伯各国旅行商在中国展区深入对接洽谈，介绍 中国入境游最新产品和服务，收到150余项入境中国团组正式询价，其中部分已经转化成单。 自2023年以来，阿联酋本地旅游公司积极策划成立面向海湾国家游客入境中国旅游的专属网站 TraveltoC ...

Group 1 - A 14-member social media influencer tour group from the UAE is exploring Chinese culture in cities like Shanghai, Suzhou, Huzhou, and Beijing over a 10-day itinerary [1][2] - Influencers are actively creating content, showcasing Shanghai's vibrant streets, brand stores, and cafes, with notable figures like Ahmed Hassan and Suhail producing multiple videos for their followers [1][2] - The tour is part of a pilot initiative to help the world understand China's rapid development through the lenses of these influencers, as stated by the event organizer [2] Group 2 - This is the first dedicated inbound influencer tour group to visit Shanghai this year, highlighting the city's appeal and the curiosity of foreigners about China's growth [2] - The influencers' itinerary includes visits to significant cultural sites such as the former site of the First National Congress of the Chinese Communist Party and the Shanghai Museum, generating substantial social media engagement [2]