Group 1: Policy Changes and Economic Impact - The Ministry of Commerce and six other departments have announced a reduction in the threshold for departure tax refunds, allowing foreign travelers to apply for refunds on purchases of at least 200 RMB on the same day and at the same store, which is expected to boost consumer spending in China [1] - The cash refund limit has been raised to 20,000 RMB, and the government aims to enhance cooperation between tax refund agencies and payment institutions to provide diverse payment options for travelers [1] Group 2: Film Industry Developments - The pre-sale box office for new films during the "May Day" holiday has surpassed 20 million RMB, indicating strong audience interest in quality films [2] - The "May Day" holiday has become a significant period for film companies to compete for box office revenue, reflecting the market's recovery potential after previous fluctuations [2] Group 3: Corporate Developments - Snack company Three Squirrels has submitted an application for a dual listing on the Hong Kong Stock Exchange, aiming to expand its financing channels and support its growth in a competitive market [3] - The company's stock price increased by 1.54% to 29.75 RMB per share, with a total market capitalization of 11.93 billion RMB [3] Group 4: Expansion of Beverage Brands - Bawang Tea's first North American store has begun trial operations in Los Angeles, marking a significant step in the company's global expansion strategy [4] - The brand's move into the competitive North American beverage market may encourage other Chinese tea brands to accelerate their overseas expansion efforts [4]