Core Viewpoint The 15th National Games, hosted by 19 cities in the Guangdong-Hong Kong-Macao Greater Bay Area, showcases the region's strong economic and sports industry foundation, highlighting each city's unique sports identity and promoting sports consumption and tourism. Group 1: Sports Infrastructure and Economic Impact - The opening ceremony featured advanced sports venues, such as the flexible turf system in Hong Kong and sound-reducing materials in Macau, demonstrating the robust sports industry foundation in the region [2] - Guangzhou's sports industry is projected to reach a total scale of 237.23 billion yuan in 2024, with sports consumption at 63.12 billion yuan, indicating a strong market presence [2] - Hong Kong's sports-related activities contributed 44 billion HKD to the GDP, accounting for 1.5% of the local economy, with a budget of approximately 7.9 billion HKD allocated for sports development in the 2024-2025 fiscal year [3] Group 2: Unique Sports Identity of Cities - Each host city has a distinct sports identity, such as Dongguan as the "City of Basketball" and Shantou as the "Surfing Capital," enhancing the local sports culture and community engagement [4] - The cycling event marked the first cross-border competition in the history of the National Games, showcasing innovative organizational methods and promoting Zhuhai as a "Cycling City" [4] Group 3: Community Engagement and Mass Participation - The National Games included 23 major events and 166 minor events, emphasizing mass participation and cultural integration through activities like dragon boat racing and Tai Chi [5] - Foshan, recognized as the "Dragon Boat City," successfully hosted multiple community events, winning all six gold medals in dragon boat competitions, reflecting local enthusiasm for sports [5][6] Group 4: Economic Synergy through Events - Guangzhou's "City Partner" initiative connects enterprises with urban development, enhancing sports consumption through events like the "Guangzhou International Sports Carnival" [7] - Shenzhen's initiatives aim to integrate cultural and sports activities, enhancing tourism and local engagement during the National Games [7][8] Group 5: Tourism and Consumption Boost - The "ticket root economy" strategy encourages tourism and local spending, with initiatives in Shenzhen promoting discounts and experiences linked to the National Games [8] - The integration of sports with tourism in cities like Shaoguan and Shantou has led to increased visitor stay duration and hotel occupancy rates, significantly boosting local economies [8][9] Group 6: Future Prospects - Guangdong plans to continue leveraging the benefits from the National Games through future events, aiming to establish a "Fitness Guangdong" brand and enhance regional sports tourism [9]

（编辑 任世碧） 证券日报网讯 11月21日晚间，力盛体育发布公告称，公司于2025年11月21日收到深圳证券交易所（简 称"深交所"）出具的《关于力盛云动（上海）体育科技股份有限公司申请向特定对象发行股票的审核中 心意见告知函》，深交所上市审核中心对公司提交的向特定对象发行股票的申请文件进行了审核，认为 公司符合发行条件、上市条件和信息披露要求，后续深交所将按规定报中国证券监督管理委员会履行相 关注册程序。 ...

Core Viewpoint - The company, Lisheng Sports (002858.SZ), has received a notice from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating that it meets the necessary conditions for issuance and listing [1] Group 1 - The Shenzhen Stock Exchange has reviewed the application documents submitted by the company for issuing stocks to specific investors [1] - The review concluded that the company complies with the issuance conditions, listing conditions, and information disclosure requirements [1] - The Shenzhen Stock Exchange will proceed with the relevant registration procedures with the China Securities Regulatory Commission as per regulations [1]

Core Points - The company received a notice from the Shenzhen Stock Exchange regarding its application for a specific stock issuance, indicating that it meets the issuance and listing conditions as well as information disclosure requirements [1] - The Shenzhen Stock Exchange will proceed with the registration process with the China Securities Regulatory Commission (CSRC) as per regulations [1] - The implementation of the stock issuance is contingent upon receiving approval from the CSRC, which introduces uncertainty regarding the timing and approval outcome [1]

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 常佩琦）据中国人民银行天津市分行21日消息，今年以来该分行持续强化 体育领域金融服务，着力推动支持体育产业高质量发展、促进扩大体育消费。截至三季度末，天津市文 化、体育与娱乐业贷款余额显著提升，较年初增长35.09%。 ...

ZAWYA 网站11月13日消息，奥纬咨询（Oliver Wyman）公司的一份近期报告指出，中东地区85% 人口观看体育内容，但仅30%参与运动，该差距形成750亿美元增长潜力。各国计划到2034年投入逾 1000亿美元建设体育设施；沙特借体育品牌效应可带来约2000亿美元相关收入。 （原标题：中东体育产业蕴含750亿美元增长空间） ...

Core Insights - By the end of 2025, Shenzhen's sports industry added value is expected to reach 100 billion yuan, marking a successful conclusion to the 14th Five-Year Plan [1] - Shenzhen has built over 46,000 sports venues, a 66.9% increase since 2020, providing a robust infrastructure for hosting major events like the 15th National Games and the Special Olympics [1] - The city aims to integrate the 15th National Games with urban development, enhancing sports consumption, industry linkage, and urban renewal [1] Sports Industry Development - Shenzhen plans to enhance the urban environment and cultural tourism by developing high-quality venues such as the Qianhai Ice and Snow World and Shenzhen Bay Cultural Plaza [1] - The city is promoting sports events in tourist areas and commercial districts, launching initiatives like "Shenzhen Gifts: Good Luck Comes" to stimulate cultural and tourism consumption [1] Tourism and Economic Impact - In the first three quarters of 2025, Shenzhen received 142 million tourists, a year-on-year increase of 5.7%, generating a total tourism revenue of 220.42 billion yuan, up 12.4% [2] - The city has seen over 30 million inbound tourists, with visitors from Hong Kong and Macau reaching 27.49 million, a 29.1% increase [2] Technological Integration - Shenzhen leverages its technological advantages to enhance sports events, focusing on "technology-driven" event management for the 15th National Games and Special Olympics [2] - The integration of the latest technology and innovative products is emphasized throughout the event management process, including venues and ceremonies [2]

近日，十五运会和残特奥会特许产品经营店迎来消费热潮。据一线销售人员反馈，盲盒类产品市场反响 最为热烈，主要包括"醒狮款"、"十二生肖款"及"萌粒"三大系列。截至11月15日当日，上述三款产品已 出现断货。一线门店反映，补货后短时间内即被抢购一空，后续补货周期及具体数量，尚未确定。 （文章来源：21世纪经济报道） 据了解，有销售吉祥物十二生肖盲盒的十五运会和残特奥会官方特许零售店还包括：广百总店2楼、广 州图书馆、广州中山纪念堂、广州购书中心、中华广场、正佳百货等地。 十五运会作为大型体育盛事，其IP效应正逐步转化为强劲的消费动力。"体育+文创"模式的成功，体现 了当前消费市场的多元化与个性化需求。本次特许商品的销售情况，是观察大湾区体育产业与文旅消费 融合发展的一个重要窗口。 ...

Group 1 - The event "From Shanghai to the World: Exploring New Paths for Global Urban Cultural Empowerment" was successfully held, gathering around 20 experts and leaders from various countries to discuss innovative paths for urban cultural development [1][3] - The conference emphasized "cross-border perspectives" and "multinational perspectives," focusing on how to better integrate Shanghai's narrative into global storytelling [3][6] Group 2 - Keynote speeches addressed urban cultural empowerment from various angles, including international relations, aviation and tourism, and technological archaeology, highlighting the need for global cities to redefine their roles in the context of China's participation in global order [6][9] - The "Aviation+" strategy by China Eastern Airlines was discussed as a means to empower urban culture, including initiatives like the world's first "Aerial Museum" themed flight and the "Shanghai Pass" tourism product [6][9] Group 3 - The discussion included the recovery trends in global tourism and aviation, emphasizing the importance of enhancing international routes and inbound tourism to promote economic prosperity [9][10] - Various case studies were presented, such as integrating cultural elements into international sporting events to enhance global urban cultural narratives [10][11] Group 4 - The event featured immersive cultural visits, allowing participants to experience Shanghai's role as a model city for cultural exchange, providing a reference for global urban cultural development [13][14] - The discussions aimed to inject new vitality into urban cultural innovation and explore practical solutions for cultural development [14]

Core Insights - The integration of cultural, tourism, and sports activities in Zhuhai aims to leverage the momentum from the 15th Sports Games to boost local consumption and tourism [1][2] - Zhuhai has introduced four key initiatives to enhance the synergy between sports events and tourism, focusing on creating a vibrant atmosphere, offering attractive discounts, expanding new consumption spaces, and ensuring a high-quality travel experience [1] - The "Sports + Culture and Tourism" model in Jinwan District is being innovatively practiced, linking sports events with local economic growth through targeted development strategies [2] Group 1 - The core objective is to convert the event's traffic and festive market popularity into tangible increases in cultural and tourism consumption [1] - Zhuhai has designed multiple tourism routes themed around the 15th Sports Games, connecting major landmarks and event venues to promote cultural exchange in the Guangdong-Hong Kong-Macao region [1] - The initiatives are expected to further unlock Zhuhai's consumption potential, as stated by the local cultural and tourism authorities [1] Group 2 - Jinwan District is deepening the integration of sports and tourism by combining local agricultural specialties with sports events, creating new business models such as agritourism [2] - The district is also enhancing the brand influence of popular attractions through event promotion, thereby increasing their visibility [2] - The approach of "one event, one area, one specialty" is being explored to create a differentiated development pattern, aligning major events with specific local industries [2]