海昌海洋公园 分时图 日K线 周K线 月K线 0.84 0.09 12.00% 16.00% 10.67% 5.33% 0.00% 5.33% 10.67% 16.00% 0.63 0.67 0.71 0.75 0.79 0.83 0.87 09:30 10:30 12:00/13:00 14:00 16:10 0 1335万 2669万 4004万 海昌海洋公园(02255)涨近15%，截至发稿，涨13.33%，报0.85港元，成交额3.77亿港元。 消息面上，近日商务部等9部门发布《关于扩大服务消费的若干政策措施》，更大力度提振消费、扩大 内需。政策加码助力服务消费潜力释放，对标海外我国服务消费占比有较大提升潜力。方正证券提出关 注其中的场景消费机会，并在出行链服务场景中建议关注人工景区中的海昌海洋公园。 另外，即将到来的国庆中秋"超级黄金周"有利于提振出行链景气度。国信证券指出，国庆中秋双连有望 带动暑期因天气扰动未充分释放的出游需求，结合超长假期拼假方案预计对长线游有望形成带动。 ...

Core Viewpoint - The integration of technology and cultural tourism is rapidly evolving, enhancing visitor experiences and driving growth in the tourism sector through immersive and interactive technologies [1][2][3]. Group 1: Technological Innovations in Tourism - The use of holographic images, AI modeling, and smart interactions in performances like "Back to the Journey to the West" in Guizhou showcases how technology enriches cultural experiences [1]. - In Chongqing, thousands of drones create dynamic light shows, illustrating the increasing diversity of tourism experiences enhanced by technology [1]. - The application of AR technology in Shanghai's Yuyuan Garden allows visitors to interact with virtual creatures, merging traditional culture with modern technology [1]. Group 2: Data-Driven Enhancements - Advanced data analysis techniques in Xi'an optimize visitor management by accurately profiling tourists and predicting market demands, thus improving operational efficiency [2]. - The use of drones equipped with visual recognition systems in Hubei allows for personalized photography experiences, enhancing visitor engagement [2]. Group 3: Digital Services and Integration - The "Cloud Tour Suzhou APP" provides comprehensive digital services, integrating information on attractions, accommodations, and local products, facilitating a seamless visitor experience [3]. - Nationwide, the digital transformation completion rate for 5A-level tourist attractions has reached 100%, indicating a significant shift towards digitalization in the tourism industry [3]. Group 4: Cultural and Technological Balance - While technology enhances cultural expression, there is a caution against over-reliance on sensory stimulation that may overshadow cultural depth [3]. - The need for a balanced approach that leverages technology while preserving cultural integrity is emphasized to ensure sustainable development in the tourism sector [3].

Core Insights - Guangdong's consumer market shows signs of recovery, with a retail sales total of 22,932.66 billion yuan in the first half of the year, reflecting a year-on-year growth of 3.5%, which is an acceleration of 1.0 percentage points compared to the first quarter [1][2] - The "old-for-new" policy has significantly boosted the replacement of durable goods, leading to substantial growth in retail sales across various categories, including home appliances and furniture [8][9] - New consumption scenarios, such as indoor skiing and themed tourism, are emerging as key drivers of consumer engagement and spending [3][4] Consumer Market Recovery - The retail sales in Guangdong reached 22,932.66 billion yuan in the first half of the year, with a 3.5% year-on-year increase, indicating a recovery trend [1] - Tourist numbers during the "May Day" holiday increased by 18.7%, with tourism revenue growing by 20.3% [1][5] - The Dragon Boat Festival saw a significant rise in both day and overnight visitors, with increases of 46.55% and 50.71% respectively, and tourism revenue soaring by 58.18% [1] Supply and Demand Interaction - The "old-for-new" policy has been pivotal in driving consumer demand, with retail sales of home appliances and related categories seeing growth rates of 44.9% and 38.5% respectively [8] - New products and services are being introduced to meet consumer needs, creating a positive interaction between consumption and industry [2][9] - The rise of new consumption scenarios is attributed to increased disposable income and technological advancements that support innovative consumer experiences [5][9] New Consumption Scenarios - Indoor skiing has become a popular summer activity in Guangzhou, with user numbers increasing by over 8% year-on-year [3] - The integration of cultural, culinary, and sporting events into tourism has led to innovative consumption experiences, such as themed river cruises [4] - The "holiday economy" and "night economy" are being fully leveraged, with significant increases in tourist numbers and revenue during holiday periods [5] Challenges and Recommendations - Despite the growth, challenges such as homogenization of cultural tourism and insufficient integration of consumption scenarios remain [6][7] - Experts suggest creating new consumption scenarios aligned with local industry strengths and consumer preferences, while also enhancing policy reforms to support innovation [7][9] - There is a need for improved regulatory measures to ensure quality and service standards in the evolving consumer landscape [10]

Group 1 - The core idea is that Suqian City is focusing on new trends in cultural tourism consumption by integrating new business formats and creating new scenarios, particularly through the "pet+" and "coffee+" concepts to enhance service quality and drive high-quality development in cultural tourism [1][2] Group 2 - Suqian is targeting the booming "pet economy" by exploring the construction of pet-friendly scenic areas, starting with the Suqiu District, and equipping attractions with pet-friendly facilities [1] - The city plans to host a series of pet tourism activities such as pet carnivals, fashion shows, and sports events, while also introducing related business formats to create new consumption scenarios [1] - Key scenic areas will be encouraged to add pet play areas, rest stations, and drinking points, promoting a theme of "traveling with pets in Suqian" [1] Group 3 - To attract younger customers, Suqian is unlocking new "coffee and tourism integration" strategies by creating coffee rest areas in scenic spots and developing culturally themed coffee drinks [2] - The city encourages experiential consumption products in cultural tourism areas, such as "underground cellar exploration" and "DIY coffee and wine" [2] - The construction of a water-based coffee bar in Hongze Lake Wetland Scenic Area aims to enhance consumer engagement and increase per capita spending [2]

Core Viewpoint - Guangdong's consumption market shows signs of recovery, driven by new consumption scenarios and supply-side innovations, with a notable increase in retail sales and tourism revenue in the first half of the year [1][2][5]. Consumption Recovery - In the first half of the year, Guangdong's total retail sales of consumer goods reached 22,932.66 billion yuan, a year-on-year increase of 3.5%, with a growth rate acceleration of 1.0 percentage points compared to the first quarter [1]. - The "May Day" holiday saw a 18.7% increase in tourist numbers and a 20.3% increase in tourism revenue [1][5]. New Consumption Scenarios - Unique local events, such as the Dragon Boat Festival and indoor skiing, have become popular consumption hotspots, attracting significant crowds and boosting related industries [1][3][4]. - The indoor skiing venue in Guangzhou reported an over 8% year-on-year increase in users in the first half of the year, with the market share in Guangzhou accounting for 35% [3]. Supply-Side Innovations - The "old-for-new" policy has significantly stimulated the replacement of durable goods, with retail sales of home appliances and furniture increasing by 44.9% and 65.5%, respectively [8]. - New products and services are emerging, filling consumption gaps and leading trends, supported by government policies and corporate innovations [1][8]. Economic Drivers - The dual drive of new consumption scenarios and supply-side innovations is key to the resilience and vitality of Guangdong's consumption market [2]. - Increased resident income and improved consumption environments are essential for boosting consumption [2][9]. Challenges and Recommendations - Despite the growth, challenges such as homogenization of cultural tourism scenes and insufficient integration of scenarios remain [7]. - Experts suggest creating new consumption scenarios aligned with local industry advantages and enhancing policy reforms to match innovation [7][11].

Core Insights - The development of commercial real estate is shifting from "functional consumption" to "scenario consumption," reflecting a change in consumer preferences towards emotional and experiential spending [1][6]. Group 1: Urban Renewal and Commercial Projects - Two major urban renewal commercial projects were launched in Beijing in the first half of the year, with a total area of 240,000 square meters [2]. - The Zhonghai Dajixiang project, featuring traditional courtyard-style architecture, has become a top commercial destination in Beijing, achieving high occupancy rates [2][3]. - The overall opening area of commercial projects in the northern Beijing region reached 430,000 square meters, contributing to new commercial vitality [2]. Group 2: Cultural and Community Integration - The urban renewal strategy emphasizes "preserving the old while renewing," focusing on protecting cultural heritage and integrating commercial activities within historical contexts [2][5]. - The "micro-renewal" concept is being applied in certain neighborhoods, preserving traditional structures while introducing modern commercial elements [4][5]. - The integration of local cultural symbols into commercial experiences aims to create sustainable community development through resident participation and cultural preservation [5]. Group 3: Consumer Trends and Market Outlook - The rise of IP and emotional consumption is becoming a driving force in the commercial sector, with collectibles and experiential products gaining popularity among consumers [6]. - The second half of the year is expected to see over 390,000 square meters of retail properties opening in secondary business districts in Beijing, indicating ongoing growth in the market [8]. - Government initiatives are promoting the development of fashion and technology sectors to stimulate consumer activity and enhance the shopping experience [8].

Core Insights - The annual 618 shopping festival has concluded, showcasing significant sales growth for JD.com and enhancing its brand recognition within the e-commerce sector [1][3] - JD.com has made a strategic entry into the food delivery market, demonstrating that new players can thrive in what is perceived as a saturated market [3][22] Group 1: Sales Performance and Market Trends - During the 618 shopping festival, JD.com reported that 70% of the top 100 brands were Chinese, with product searches featuring "AI elements" and "intangible cultural heritage" increasing by 120% and 270% respectively [20] - Orders from rural areas surged over 130%, with user numbers increasing by more than 140%, indicating strong consumption vitality in lower-tier markets [20] - The introduction of instant retail has led to a daily order volume exceeding 25 million, with the number of quality dining establishments rising to 1.5 million [20][22] Group 2: Innovations in Retail Experience - JD.com MALL emphasizes experiential shopping, featuring over 200 global brands and 200,000 products, akin to a physical version of the JD.com app [8][14] - The store includes various experience zones, allowing customers to interact with products, which helps reduce impulse buying and enhances product understanding [11][14] - JD.com MALL is also the first cross-border experience store in North China, allowing customers to experience imported products before ordering online [14] Group 3: Strategic Developments in Delivery Services - JD.com has rapidly expanded its food delivery service, achieving results in three months that competitors took three years to reach, with over 12,000 full-time delivery personnel [22] - The company has implemented strict standards for merchants and low commission rates, aiming to maintain quality while expanding its market presence [22] - Technological advancements in logistics, including the use of drones and AI, have improved efficiency in delivery and customer service [25][28] Group 4: Future Outlook and Competitive Position - JD.com aims to balance low prices with high-quality service, indicating a commitment to enhancing customer experience [29][32] - The company is expected to continue expanding its business lines, with potential moves into cultural tourism and other sectors [29] - JD.com remains in a strong competitive position, leveraging new retail models and consumer trends to maintain its market leadership [30][32]

Core Viewpoint - The domestic consumption market in China has shown strong resilience and vitality in May, with a year-on-year growth of 6.4% in retail sales of consumer goods, marking the highest monthly level since 2024 [1][2]. Group 1: Factors Supporting Consumption Growth - Government policies aimed at boosting consumption, such as "trade-in" and "consumption vouchers," have directly reduced consumer costs and released consumption potential [2]. - The stabilization of the macro economy has improved income levels, leading to increased demand for high-end and smart products, thus driving market recovery [2]. - Strong credit support has been observed, with RMB loans increasing by 10.68 trillion yuan in the first five months, which has directly enhanced consumer capacity and willingness [2]. Group 2: Specific Consumption Trends - The "trade-in" policy has significantly stimulated durable goods consumption, with retail sales of home appliances and communication equipment growing by 53.0% and 33.0% respectively in May [3]. - The holiday economy and promotional activities, such as the "May Day" and "618" sales, have effectively boosted consumption, with restaurant income growing by 5.9% [4]. - There is a clear trend towards high-quality and smart consumption, with retail sales of gold and silver jewelry and sports entertainment products increasing by 21.8% and 28.3% respectively [5]. Group 3: Emerging Opportunities in Consumption - Service consumption is expanding, becoming a significant growth point, with cultural performances and tourism services seeing notable increases [5]. - The relaxation of inbound consumption policies has attracted more foreign tourists, with a 72.7% year-on-year increase in the number of visitors eligible for visa-free entry during the "May Day" holiday [5]. - Overall, the consumption market's prosperity is a result of multiple factors, and it is expected to continue providing solid support for economic growth and development opportunities for various consumer sectors [6].

以上海郭女士为例，尽管作为海归应届毕业生的她社保缴纳时间短，但"活力贷"通过评估其收入稳定性 与消费场景真实性，成功为其提供授信服务，满足其养宠的情感消费需求。该贷款产品以场景为纽带、 以真实生活痕迹为信用背书，不仅将金融服务融入年轻人的生活，缓解短期的资金压力，而且满足了消 费升级需求，有力支持相关产业发展。 事实上，在推出"活力贷"服务年轻群体高频消费需求之前，兴业消费金融在场景消费方面已有探索：根 据口腔医疗、教育培训、家装建材等领域的消费旺盛，具有客单价高、一次性消费支出较大的特点，在 经过行业商户调研后，设计了"随兴享"消费分期产品，融入消费细分场景。截至2025年4月末，"随兴 享"已累计服务客户近3万人，发放贷款近6亿元。 当金融与场景深度融合，消费金融机构通过专业的消费金融服务，将有效提振消费市场活力。(经济日 报记者王宝会) 近年来，为促进金融赋能消费升级，持牌机构兴业消费金融紧跟政策步伐，聚焦消费信贷产品创新与服 务模式优化，依托活力贷、随兴享等差异化产品，以场景化、普惠化的服务模式，多管齐下激活消费新 动能。 年轻客群正成为消费市场的主力军。数据显示，2024年全国居民人均服务性消费支出 ...

Core Insights - The article highlights a shift in consumer behavior in Wuhan, where tourists are increasingly favoring experiential and social activities over traditional sightseeing, indicating a trend towards "scene consumption" rather than "special forces tourism" [1][4]. Group 1: Coffee Culture - East Lake coffee shops have become popular social spaces, with customers prioritizing the ambiance over traditional attractions, as evidenced by long wait times for lakeside seating [2][4]. - Young people are willing to travel from other cities specifically for the experience of enjoying coffee by the lake, showcasing the emotional value attached to such settings [2][4]. Group 2: Collectibles and Nostalgia - The Gundam model store in Wuhan has seen overwhelming demand, with products priced between 200 to 500 yuan selling out quickly, reflecting a nostalgic consumer trend among different age groups [4][5]. - The popularity of collectible toys, such as the LABUBU figures, indicates a shift towards unique, character-driven products that resonate with the younger generation's desire for individuality [7]. Group 3: Rental Economy - The camera rental market is booming, with rental orders doubling during the holiday period, highlighting a growing preference for renting over purchasing [9]. - The demand for photography services, particularly for themed shoots like Hanfu, suggests a trend towards creating personalized experiences rather than merely observing [9]. Group 4: Changing Consumer Values - Consumers are increasingly focused on the experiences they can create rather than just the places they visit, with businesses adapting to this shift by emphasizing photogenic and memorable moments [9]. - The new tourism economy reflects a broader societal change where emotional and experiential value takes precedence over material goods [9].