今年国庆、中秋"双节"迎来加长版8天黄金周假期，各路商家翘首以待，迎接这一拨客流。临近假期， 深圳迎来全球最大室内滑雪场前海冰雪世界开业，为炎热的深圳带来一股冰雪浪潮，三季度零售和办公 市场还有哪些值得关注的市场动态？戴德梁行发布2025第三季度深圳零售及写字楼市场报告显示，深圳 优质购物中心市场再迎28万平方米新供应，项目定位各有千秋，冷热交替。 深圳零售市场供应热度不减 截至2025年三季度末，随着新增项目陆续投入使用，深圳甲级写字楼存量规模攀升至887.9万平方米。 从供应分布来看，三季度新增供应集中于前海片区，有助于推动该片区商务氛围及相应配套设施的进一 步完善。 然而，新增供应的集中释放亦进一步加剧市场供需不平衡的状况，使得全市甲级写字楼空置率较上季度 上升1.2个百分点至29.0%。激烈的市场竞争促使业主加大租金让步力度，三季度全市甲级写字楼平均租 金进一步下探至每月153.4元/平方米，环比下降4.2%、同比下降11.2%。租金下行与新增供应刺激下， 三季度全市净吸纳量达到9.2万平方米，创下2024年以来的季度新高。 市场报告显示，三季度，深圳零售市场供应端维持热度，深圳大悦城（000031） ...

今年中秋与国庆再次上演"喜相逢"，为期8天的国庆"超级黄金周"也进一步点燃了国内旅游市场的消费 热情。作为东北地区的热门旅游目的地之一，今年长白山（603099）景区因9月28日沈阳至佳木斯高速 铁路沈阳至白河段(以下简称"沈佳高铁沈白段")的开通运营，吸引了更多游客的到来。 "这是我第三次来长白山天池，前面两次都因大雾天气没能窥见天池全貌，这次终于圆满了！一会儿下 山后，我们还要接着去延吉'打卡'民俗园。"10月3日上午，家住哈尔滨市的袁先生在长白山天池观景台 旅游时对《证券日报》记者说。 国铁沈阳局计划统计部前期规划科科长李伟告诉《证券日报》记者，沈佳高铁沈白段是国家"十四五"铁 路发展规划中东北地区重点高速铁路项目。开通运营后，对于推动东北旅游经济、冰雪经济、银发经济 等新业态发展，助力东北全面振兴发展具有十分重要的意义。 据抚顺市文化旅游和广播电视局有关负责人介绍，在沈佳高铁沈白段规划编制过程中，抚顺市就注重对 高铁沿线旅游产业项目的开发建设，依托高铁的辐射优势，进一步扩大沈阳现代化都市圈的聚合力和影 响力。精心打造抚顺全域旅游、全季旅游，推动高品质文体旅融合发展示范地建设，为抚顺振兴发展作 出新贡献 ...

Investment Rating - The industry investment rating is "Maintain Overweight" [5] Core Viewpoints - The travel and consumption market remains vibrant, with significant increases in cross-regional travel during the holiday period, indicating strong consumer activity [1][2][3] - The report highlights four main investment themes: new consumption growth, transformation and reform opportunities, overseas expansion, and favorable policies [4][7][8] Summary by Sections Travel and Tourism - During the Mid-Autumn and National Day holidays, cross-regional travel is expected to reach 2.36 billion trips, a 3.2% increase from last year [1] - Tourist attractions have seen record visitor numbers, with notable increases in various regions, such as a 22.16% rise in visitors to Changbai Mountain [2] Hotel and Retail Performance - Hotel occupancy rates have improved, with an average of 64.7% during the first four days of the holiday, up 2 percentage points year-on-year [2] - Retail sales from key enterprises increased by 3.3% year-on-year during the holiday period, with specific regions like Guangxi showing an 11.3% increase [3] Investment Recommendations - Short-term focus on companies with strong Q3 performance certainty and those likely to benefit from the upcoming holiday season, including cross-border e-commerce and certain tourist attractions [4] - Recommended companies include Xiaogoods City, Yonghui Supermarket, and Jiuhua Tourism, among others [4][7][8]

国庆、中秋长假，深圳上演了一场"热雪奇迹"。 深圳·前海冰雪世界（简称"前海冰雪世界"）仅开业数天便火爆非常，试运营首日接待游客约3万人次，其滑雪场华发冰雪 热雪奇迹（简称"热雪奇迹"）门票早早售罄。 深圳华发冰雪世界商业经营有限公司常务副总经理唐宇航告诉记者，10月1日至3日，前海冰雪世界每天接待游客人数超3.3 万人次，其中雪场日均人流量约5000人次，假期前3日的滑雪场门票在国庆前便已全部售罄。 吸引众多滑雪爱好者的前海华发冰雪世界到底如何？记者进行了实地探访。 冰雪热情点燃假期 "有不少游客从外地过来，特别是香港、澳门的滑雪爱好者组团前来体验。"唐宇航表示。 16岁的王雅珺跟随父母前来体验，她的父亲告诉记者："我们就是深圳人，在家门口就能体验到各种冰雪项目很开心，也是 趁着假期带孩子来玩雪，既方便又有趣。" 事实上，游客的"冰雪热情"在国庆前一日便开始升温。记者于9月30日10时15分来到前海冰雪世界，仅开业十五分钟便已看 到约200名游客。大部分游客慕名而来，其中不少人自带雪服、滑雪板等专业滑雪装备。 记者遇到了专业的滑雪教练邓子彬，他专程从广州赶来深圳。"一直等着前海冰雪世界开放，一开业就迫不及待 ...

格隆汇9月30日丨香港中旅(00308.HK)公告，于2025年9月30日，(i)公司全资附属公司中旅风景与卖方A 长春万科房地产开发有限公司及目标公司A吉林省松花湖国际度假区开发订立股权转让协议A，据此， 中旅风景同意收购及卖方A同意出售目标公司A吉林省松花湖国际度假区开发有限公司的100%股权，代 价为人民币2.95亿元(截至2025年9月29日，目标公司A银行借款约人民币7.55亿元)，中旅风景须以现金 方式支付卖方A；(ii)公司与卖方B万科酒店管理有限公司及目标公司B北京万冰雪体育有限公司订立股 权转让协议B，据此，公司同意收购及卖方B同意出售目标公司B的100%股权，代价为人民币500万元， 公司须以现金方式支付卖方B。 目标公司A持有吉林省松花湖滑雪度假区，经营松花湖滑雪场、西武王子大饭店、瞻云salomon酒店、 青山公寓和商业街。目标公司B以雪场开发策规划、建设谘询、运营管理、营销宣传、滑雪教学为核心 业务，累计管理9家知名雪场，并拥有丰富的山地教学合作资源，具备较强的滑雪产业整合能力。该项 目符合公司城市及休闲度假产品的发展战略，是公司抢抓历史性机遇、培育新增长极，积极布局冰雪经 济的重要 ...

Group 1 - Hong Kong China Travel (00308) announced the acquisition of 100% equity in target company A for RMB 295 million and target company B for RMB 5 million, with cash payments required to sellers A and B respectively [1] - Target company A, Jilin Songhua Lake International Resort Development Co., Ltd., operates in the tourism sector, managing the Songhua Lake Ski Resort, hotels, and commercial streets, and is a key player in Vanke's ice and snow business [1][2] - Target company B, Beijing Wanbingxue Sports Co., Ltd., focuses on snowfield management, teaching, and consulting, managing nine well-known ski resorts and possessing strong integration capabilities in the skiing industry [2] Group 2 - The acquisition aligns with the company's strategy to develop urban and leisure vacation products, seizing historical opportunities and fostering new growth areas in the ice and snow economy [2]

Core Viewpoint - Hong Kong China Travel (00308) announced the acquisition of 100% equity in two target companies, aiming to enhance its presence in the tourism and snow sports industry through strategic investments [1][2] Group 1: Acquisition Details - The company agreed to acquire 100% equity of Target Company A for RMB 295 million, which has bank borrowings of approximately RMB 755 million as of September 29, 2025 [1] - The company also agreed to acquire 100% equity of Target Company B for RMB 5 million, with both transactions requiring cash payments [1] - Upon completion, both target companies will become wholly-owned subsidiaries, and their financial performance will be consolidated into the group's financial statements [1] Group 2: Target Companies Overview - Target Company A, Jilin Songhua Lake International Resort Development Co., Ltd., operates the Songhua Lake Ski Resort, hotels, and commercial streets, focusing on the tourism sector [2] - Target Company B, Beijing Wanbingxue Sports Co., Ltd., specializes in snowfield management, teaching, and consulting, managing nine well-known ski resorts and possessing strong integration capabilities in the skiing industry [2] - The acquisitions align with the company's strategy to develop urban and leisure vacation products, seizing historical opportunities to cultivate new growth areas in the ice and snow economy [2]

抢抓2025年第九届亚洲冬季运动会有利契机，坚持宜冰则冰、宜雪则雪，建立完善冰雪运动普及推广体 系，全面掀起全民参与冰雪运动热潮。一是以冰雪赛事提质。借第九届亚冬会东风，持续推进设施升 级，倾力打造国际赛事，叫响冰雪品牌影响力。建成上合冰雪体育示范区总部基地、气膜馆、滑雪场等 一批高标准场馆，全面保障国际赛事与大众冰雪活动需求。2024国际冰雕、雪雕大赛，吸引俄罗斯、芬 兰、韩国等12个国家的60支队伍参赛，赛事作品展出期间接待国际游客超15万人次，搭建起冰雪艺术交 流展示的国际化平台。二是以冰雪教育筑基。以"百万青少年上冰雪"为抓手，在全区中小学校实施"全 覆盖、全过程、全学科"冰雪文化育人策略，将冰雪运动项目、冰雪艺术纳入课程，开发冰雪主题特色 校本课程，营造校园冰雪文化氛围，推广冰球、冰壶、速滑、花样滑冰、冰雕、雪塑等特色冰雪育人项 目，开展省内、省外及对俄系列冰雪研学游，创建国家和省市"冰雪特色学校"11所，不断厚重龙江冰雪 发展基石。三是以冰雪活动扩面。以"全民上冰雪百日系列活动"为抓手，依托融创热雪奇迹、冰上运动 中心、哈尔滨大剧院冰雪体育运动中心等场地，举办速度滑冰马拉松、抽冰尜、雪地足球赛、冰 ...

Core Viewpoint - The "Mechanical Industry Stabilization Growth Work Plan (2025-2026)" aims for an average revenue growth rate of approximately 3.5% and a revenue target exceeding 10 trillion yuan by 2026, addressing challenges such as external shocks, insufficient domestic demand, and irrational competition [1][2]. Group 1: Key Objectives - The plan emphasizes the importance of the mechanical industry as a cornerstone of industrial economy and a vehicle for modern industrial system development [1]. - It sets a target for the mechanical industry to achieve an average revenue growth rate of around 3.5% and to surpass 10 trillion yuan in revenue by 2026 [1]. - The plan aims to cultivate competitive small and medium enterprises and industry clusters with international competitiveness [1]. Group 2: Key Tasks - The plan outlines 14 key tasks focusing on both supply and demand sides, including enhancing effective demand by tapping into existing market potential and fostering new economic sectors [2]. - It emphasizes the need for significant technological upgrades and the replacement of outdated equipment, particularly in sectors like automotive, aerospace, and clean energy [2]. - The plan also highlights the importance of improving the supply capacity of quality equipment through innovation and enhancing the resilience of the industrial supply chain [2]. Group 3: Implementation Measures - To ensure successful implementation, the plan includes measures such as strengthening departmental collaboration, encouraging local governments to develop supportive policies, and enhancing financial support for technological innovation [3]. - It calls for the establishment of a risk warning mechanism for the mechanical industry to monitor and address stability issues [3]. - The plan aims to create a market-oriented, legal, and international business environment while addressing irrational competition within the industry [3].

Core Insights - The Ministry of Industry and Information Technology, along with five other departments, has jointly issued the "Mechanical Industry Steady Growth Work Plan (2025-2026)" aiming for stable growth in the mechanical industry [1] - The plan targets an average annual revenue growth rate of approximately 3.5%, with total revenue expected to exceed 10 trillion yuan by 2026 [1] Summary by Categories Economic Growth Targets - The mechanical industry is expected to maintain a stable and positive operational trend from 2025 to 2026, with a focus on enhancing the resilience and safety of key industrial chains and supply chains [1] - The plan aims for an average annual revenue growth rate of around 3.5%, with total revenue projected to surpass 10 trillion yuan [1] Demand Expansion Strategies - The plan emphasizes the need to comprehensively expand effective demand to strengthen the growth traction of the mechanical industry [1] - Key initiatives include accelerating the upgrade and technological transformation of outdated equipment that has high energy consumption, heavy pollution, and low safety [1] - Policies such as subsidies for agricultural machinery purchases and scrapping old equipment are highlighted to promote the application of advanced agricultural machinery [1] New Demand Cultivation - The plan aims to cultivate and expand new demand by developing emerging economies and new business formats, including the "first launch economy," "ice and snow economy," "silver economy," and "smart tourism" [1] - It also focuses on expanding applications for service and special robots, elderly rehabilitation equipment, ice and snow equipment, cultural tourism equipment, educational equipment, and additive manufacturing equipment [1]