定价方面，不同集团发售价将不超过每股发售股份71.20港元，且目前预期不低于每股发售股份62.01港 元。香港公开发售的申请人须于提出申请时（视申请渠道而定）支付最高发售价每股发售股份71.20港 元，另加1.0%经纪佣金、0.0027%证监会交易征费、0.00015%会财局交易征费及0.00565%联交所交易 费，倘最终厘定的发售价低于每股发售股份71.20港元，则可予退还。 "BeBeBus母公司不同集团通过港交所聆讯，标志着中国高端母婴品牌资本化迈入新阶段。"盘古智库高 级研究员江瀚指出，在消费升级与生育支持政策协同发力的背景下，中高端育儿市场逆势扩容，2024年 规模达340亿元，2029年有望突破500亿元。BeBeBus精准切入耐用型育儿产品赛道，以GMV计已居行 业首位，市占率4.9%，展现出强大的市场渗透能力。其三年营收CAGR达56.9%，经调整净利润CAGR 高达236.8%，增长与盈利双优，验证了"高客单价+高复购率"商业模式的可持续性。 在江瀚看来，上市将加速不同集团的全球化与可持续发展布局。因为募资用于海外扩张、品牌建设与新 品研发，叠加已获碳标签与EATNS认证的ESG实践，BeB ...

Core Insights - The city of Tianmen is experiencing a "counter-trend rebound" in birth rates, with approximately 7,217 newborns expected in 2024, a 17% increase from 2023, while the national birth population is projected to rise by about 5.8% to 9.54 million [2][4][10] - This increase is attributed to Tianmen's substantial fertility support policies, with over 300 million yuan planned for investment from 2024 to 2026 to encourage childbirth [2][4][11] - However, experts caution that the total fertility rate (TFR) is the key indicator for assessing fertility levels, and the current increase in birth numbers does not necessarily indicate a fundamental improvement in fertility intentions [3][5][10] Policy Measures - Tianmen has implemented several policies to encourage childbirth, including increased maternity leave, financial rewards for families with two or three children, and housing purchase vouchers [4][5] - Families can receive up to 287,188 yuan for having a second child and up to 355,988 yuan for a third child, excluding national-level childcare subsidies [4][10] Demographic Analysis - The increase in birth rates may be influenced by cultural factors, such as the "Year of the Dragon," and a release of pent-up demand for childbirth following the easing of pandemic restrictions [5][10] - The local population's growth is also affected by migration, as families with Tianmen residency may return to register births and claim subsidies, thus inflating local birth statistics [5][10] Statistical Challenges - There are significant challenges in accurately measuring the total fertility rate in Tianmen due to discrepancies in population data sources and the high proportion of migrant workers [6][7] - Current statistics primarily reflect the number of births registered in Tianmen, which may not accurately represent the local population's fertility behavior [6][7] Long-term Considerations - Experts suggest that the observed increase in birth numbers may be a short-term effect rather than a sustainable trend, emphasizing the need for consistent and authoritative data monitoring [3][5][8] - The effectiveness of Tianmen's policies in improving fertility rates on a broader scale remains uncertain, and a more substantial national investment in fertility support is deemed necessary to address the low birth rate issue effectively [10][11]

Group 1 - The Chinese government has established the world's largest disease control and medical service systems during the "14th Five-Year Plan" period, with a target of 1.09 million medical institutions by the end of 2024, ensuring over 90% of residents can reach a medical service point within 15 minutes [1] - The workforce in health services has expanded to 15.78 million by the end of last year, contributing to the overall improvement of the healthcare system [1] - China has achieved significant advancements in health technology, with over 20% of new drug research and development globally, ranking second in the world [1] Group 2 - The country has introduced HPV vaccination services for eligible girls and included the HPV vaccine in the national immunization program, reflecting a commitment to public health [2] - Recent fertility support policies include increasing the personal income tax deduction for childcare from 1,000 yuan to 2,000 yuan per child per month, and over 60% of regions have included fertility subsidies directly to individuals [2] - The implementation of a childcare subsidy system is underway, with over 24 million applications submitted, representing 80% of the target population, ensuring timely distribution of subsidies [2]

Group 1 - The provincial political consultative conference has selected 48 key proposals since the third session of the 13th provincial committee, focusing on areas such as national unified market construction, cultural tourism development, grassroots governance efficiency, and ecological protection in the Yellow River basin [1] - The provincial political consultative conference has implemented a "1+2+4+N" target task system, emphasizing the enhancement of urban grassroots governance efficiency as a primary research topic, with a focus on the proposal regarding urban governance efficiency [1] - A total of 23 research reports were generated from investigations conducted in five provinces and 13 cities within the province, aimed at promoting the absorption of proposal suggestions and the transformation of research results by the responsible units [1] Group 2 - The provincial government has held over 20 collaborative meetings on key proposal implementations, involving more than 50 proposal handling units and over 60 proposal initiators and committee members for face-to-face discussions [2] - The implementation of the "1+6+6+3" policy to support the development of the private economy was initiated, making it a national leader in establishing a modern enterprise system [2] - Proposals related to agricultural innovation, cultural heritage protection, and improving fertility support policies have been actively promoted, leading to the implementation of various action plans and policies [2]

Core Viewpoint - The article highlights significant advancements in China's healthcare system, including the establishment of the largest disease prevention and control system globally, improvements in public health literacy, and the introduction of various supportive policies for childbirth and healthcare services [2][3][4][5]. Group 1: Healthcare System Development - China has built the world's largest disease prevention and control system, with a comprehensive structure covering all administrative levels [2]. - The health literacy of residents has improved from 23.2% in 2020 to 31.9% in 2024, indicating a growing awareness of health knowledge [2]. - By the end of 2024, the total number of medical and health institutions in China is expected to reach 1.09 million, with over 90% of residents able to access medical services within 15 minutes [3]. Group 2: Supportive Policies for Childbirth - The government has implemented a childcare subsidy system for children under three years old, with over 24 million applications submitted, representing about 80% of the target population [3][4]. - Economic support measures include increasing the personal income tax deduction for childcare from 1,000 yuan to 2,000 yuan per child per month and including assisted reproductive technology in health insurance coverage [4]. - Various provinces have extended maternity leave and established paternity leave, as well as expanded access to quality educational resources for children [4]. Group 3: Vaccine and Drug Development - China is set to include the HPV vaccine in its national immunization program, enhancing accessibility and affordability for women [5]. - The country ranks second globally in new drug research and development, with several innovative drugs approved for market, including domestic anti-tumor medications [5]. - The domestic nine-valent HPV vaccine has been widely used, providing comprehensive immunization options for women [5].

Group 1 - The core viewpoint of the news is the continuous promotion of high-quality development in public hospitals during the "14th Five-Year Plan" period, focusing on public welfare and improving patient experience [1][6][10] - 87% of secondary and above public hospitals have implemented appointment-based medical services, reducing outpatient waiting times [6][10] - Over 5,500 hospitals have established "one-stop" service centers, and multidisciplinary treatment models have been promoted to more than 2,000 secondary and above hospitals [6][10] Group 2 - 83% of tertiary hospitals are providing day surgery services, which shortens patient waiting times for hospitalization and surgery [6][10] - The development of internet hospitals has reached 3,756, providing 130 million medical services last year [6][10] - There are over 60 Sino-foreign joint venture medical institutions, and significant efforts have been made to enhance pediatric and mental health services [7][10] Group 3 - China has risen to the second position globally in new drug research and development, with over 20% of new drugs in development worldwide [10] - The domestic HPV vaccine has been widely used, improving accessibility and affordability for women [10] - Innovative medical devices, such as photon-counting CT, have significantly improved imaging quality and reduced radiation exposure [10] Group 4 - The implementation of a childcare subsidy system has led to over 24 million applications submitted, covering about 80% of the target population [11][14] - The standard for personal income tax deductions for childcare has been increased from 1,000 yuan to 2,000 yuan per child per month [14] - Various supportive measures, including extended maternity leave and enhanced educational resources, are being implemented to promote a family-friendly environment [14]

央视网消息：在9月11日上午举行的"高质量完成'十四五'规划"系列主题新闻发布会上，国家卫生健康委相关负责人介绍了"十四五"时期卫 生健康工作发展成就。 国家卫生健康委主任 雷海潮：推进医疗、医保、医药协同发展和治理，基本医保覆盖居民超过13亿，保持95%左右的参保水平，个人费 用负担减轻。2024年，我国人均预期寿命达到79岁，比2020年提高1.1岁，孕产妇死亡率、婴儿死亡率持续改善。 国家卫生健康委：育儿补贴申领填报人数已超80% 近年来，国家卫生健康委会同有关部门和地方相继出台延长产假、加强孕育服务、实施育儿支出个人所得税抵扣等一系列综合性生育支持 政策举措，降低生育、养育、教育成本。 国家卫生健康委副主任 郭燕红：目前线上线下申领的渠道都已经全面开放，申领的工作正有序推进。截至9月10日上午9时，全国已经提 交超过2400万条的申报信息，占目标人群80%左右。目前，各地正在加快推进审核和发放工作，确保育儿补贴能够及时足额发到群众的手中。 国家卫生健康委相关负责人表示，目前我国建成了世界上规模最大的疾病预防控制体系和世界上规模最大的医疗服务体系。截至2024年 底，全国医疗卫生机构总量已经达到了109 ...

Group 1 - The national childcare subsidy policy was officially launched on September 8, 2023, allowing families to receive an annual subsidy of 3600 yuan per child until the child reaches three years old, starting from January 1, 2025 [1] - As of yesterday morning, over 24 million applications have been submitted, accounting for approximately 80% of the target population [1] - The application process is available both online and offline, with platforms such as Alipay, WeChat, and provincial government service platforms facilitating the process [1] Group 2 - The policy aims to alleviate the financial burden of raising children, potentially increasing birth rates and stimulating consumption [2] - The Sichuan Provincial Health Commission has clarified that non-marital children can apply for the subsidy by selecting "other" in the marital status section of the application system [2] - The impact of the subsidy is expected to be more significant in central and lower-tier cities, addressing declining birth rates [2] Group 3 - The government has implemented various supportive measures beyond the subsidy, including tax deductions for childcare and education, extended maternity leave, and increased access to quality education resources [3] - The tax deduction for childcare has been raised from 1000 yuan to 2000 yuan per child per month [3] - Housing support measures include expanding affordable rental housing and increasing loan limits for families with multiple children [3]

Core Viewpoint - The press conference highlighted the achievements in health and wellness during the "14th Five-Year Plan" period, showcasing the development of China's healthcare system and policies aimed at improving public health and supporting families. Group 1: Healthcare System Development - China has established the world's largest healthcare service system, with a total of 1.09 million medical institutions and 15.78 million health workers by the end of 2024 [2] - The number of grassroots healthcare institutions increased from 970,000 to 1.04 million from 2020 to 2024, with annual medical service visits rising from 4.1 billion to 5.3 billion [3] - Basic medical insurance now covers over 1.3 billion residents, maintaining a coverage rate of around 95% [4] Group 2: Disease Prevention and Control - China has built the world's largest disease prevention and control system, enhancing grassroots health governance and establishing a four-tier disease prevention network [6] - The government provides immunization services for 15 diseases, and the early mortality rate from major chronic diseases has been further controlled [6] Group 3: Pharmaceutical Innovation - China accounts for over 20% of the global new drug research and development, ranking second worldwide [7] - Several domestic innovative drugs, including Sugliatin, Ensatinib, and Gumeitini, have been approved for market release, filling gaps in their respective fields [7] - The domestically developed anti-tumor drug Zebutinib has been approved in multiple countries [8] Group 4: Family Support Policies - A series of family support policies have been implemented during the "14th Five-Year Plan," including tax deductions for childcare and education, with a monthly deduction standard raised to 2,000 yuan per child [9] - As of September 10, over 24 million applications for childcare subsidies have been submitted, covering about 80% of the target population [10] - Various provinces have extended maternity leave and established paternity leave and parental leave [11] Group 5: Education and Housing Support - Efforts to expand quality educational resources and reduce preschool education fees have been made, along with policies to facilitate transportation for families with multiple children [11] - Housing support measures include increasing the loan limits for housing provident funds for families with multiple children [12] Group 6: Health Initiatives for Women and Children - The domestically developed HPV vaccine is now widely used, with the nine-valent HPV vaccine recently introduced [13] - The government will launch HPV vaccination services for eligible girls and include the vaccine in the national immunization program [14] - Improvements in children's health are noted, with a decrease in the obesity rate among children under six from 10.4% to 9.7% over five years [14]

中新网9月11日电 国家卫生健康委副主任郭燕红11日表示，截至9月10日上午9点，全国已经提交了超过 2400万条育儿补贴申报信息，占到目标人群的80%左右。 郭燕红称，国家卫生健康委积极优化生育全程服务。全面实施母婴安全五项制度，落实妊娠风险筛查机 制，强化高危孕产妇专案管理，全国孕产妇系统管理率和新生儿访视率都稳定保持在90%以上。近年 来，我国孕产妇死亡率和婴儿死亡率持续改善，处于中高收入国家前列。国家卫生健康委开展生育友好 医院建设，推广无痛分娩服务，提高产妇分娩舒适度。综合防治出生缺陷，支持救助经济困难家庭患儿 8万余名。 郭燕红强调，国家卫生健康委还大力发展普惠托育服务。通过支持托育综合服务中心、托育机构、用人 单位办托、托幼一体服务等，扩大托育服务供给。各地还通过实施建设补贴、运营补贴等措施，降低托 育服务价格，为群众提供普惠托育服务。2024年，全国托位数达到573.7万个，比"十三五"末提高了 126%。 郭燕红表示，近期，国家卫生健康委出台实施育儿补贴制度，向符合法律法规规定生育的3岁以下婴幼 儿发放育儿补贴。这是一项"投资于人"的重要民生工程，同时也是强化生育支持、促进生育友好的一项 制 ...