Core Viewpoint - The Chinese immigration management work during the "14th Five-Year Plan" period has injected new momentum into the country's openness and vitality, focusing on service-oriented strategies to enhance international exchanges and attract talent [1][2]. Group 1: Development Achievements - The immigration management has implemented over 50 innovative policies to facilitate a more open and convenient immigration system, supporting initiatives like the Belt and Road Initiative and the construction of free trade zones [1]. - The management has contributed to the dual growth in both quantity and quality of international talent coming to China, enhancing the country's modernization efforts in key sectors [1]. - The optimization of visa policies has led to unilateral or mutual visa exemptions for 75 countries, expanded transit visa exemptions to 55 countries, and increased entry points to 60 across 24 provinces, significantly easing travel for foreigners [1]. Group 2: International Relations - The continuous release of visa exemption policy benefits has strengthened exchanges between China and other countries, fostering emotional connections and friendships [2].

证券研究报告·行业跟踪周报·商贸零售 商贸零售行业跟踪周报 4 月我国出口额超预期，关注非美出口核心 标的小商品城 增持（维持） [Table_Tag] [投资要点 Table_Summary] 2025 年 05 月 12 日 证券分析师 吴劲草 执业证书：S0600520090006 wujc@dwzq.com.cn 证券分析师 石旖瑄 执业证书：S0600522040001 shiyx@dwzq.com.cn 执业证书：S0600520120002 zhangjx@dwzq.com.cn 证券分析师 阳靖 执业证书：S0600523020005 yangjing@dwzq.com.cn 证券分析师 郗越 执业证书：S0600524080008 xiy@dwzq.com.cn 研究助理 王琳婧 执业证书：S0600123070017 wanglj@dwzq.com.cn 行业走势 -18% -12% -6% 0% 6% 12% 18% 24% 30% 36% 42% 5/13/2024 9/10/2024 1/8/2025 5/8/2025 商贸零售 沪深300 相关研究 《酒店集团业绩显著复苏，24 年 ...