Core Viewpoints - The A-share market experienced fluctuations with the Shanghai Composite Index falling by 2.48% to 4015.75 points, and the Shenzhen Component Index dropping by 2.69% [2][7] - The total trading volume in the A-share market reached 2.61 trillion RMB, with over 4600 stocks declining [2][7] - In the industry sectors, only food and beverage and banking sectors saw gains, while non-ferrous metals and steel sectors led the declines [2][7] - The Hang Seng Index in Hong Kong decreased by 2.23%, and the Hang Seng Technology Index fell by 3.36% [2][7] - In international markets, all three major U.S. stock indices rose, with the Dow Jones increasing by 1.05%, the S&P 500 by 0.54%, and the Nasdaq by 0.56% [2][7] Important News - The State Administration of Taxation has further adjusted and optimized the criteria for determining the value-added tax (VAT) threshold for individuals, raising the threshold for single-instance taxation from 500 RMB to 1000 RMB [3][8] - Specific scenarios, such as renting out real estate and selling scrapped products, will now follow a monthly sales threshold of 100,000 RMB instead of the per-instance threshold [3][8] Industry Insights - The report highlights the acceleration of service consumption growth, emphasizing its increasing importance in the economy [9][10] - The "Work Plan for Accelerating the Cultivation of New Growth Points in Service Consumption" outlines 12 policy measures aimed at optimizing and expanding service supply, focusing on key and potential areas for development [9][10] - Service consumption accounted for 46.15% of per capita consumer spending in 2025, showing a steady increase from 2024, with service retail sales growing by 5.5%, outpacing the overall retail sales growth by 1.8 percentage points [10] Investment Recommendations - The shift in consumption structure from goods to a balanced focus on goods and services is expected to position service consumption as a primary growth engine [11][12] - The report suggests monitoring companies in the travel chain benefiting from policy catalysts and improving consumer confidence, as well as leading duty-free companies capitalizing on the Hainan Free Trade Port opportunities [12] - Attention is also drawn to chain restaurant leaders in a critical phase of expansion and the early-stage value of emerging experiential sectors like sports events and concerts [12]

近期，文化和旅游部启动2026年全国春节文化和旅游消费月，拟发放超3.6亿元消费券，推出门票减 免、票根联动优惠、跨区域文旅优惠等举措。同时，各地结合市场需求、地域特色、居民喜好等，紧锣 密鼓推出一系列消费券活动。例如，河南2026年第一季度安排1.5亿元财政资金发放"乐享河南"新春零 售、餐饮消费券，湖南计划发放超2000万元的"乐享湖南·湘当有惠"春节专享档消费券，山东更是推出 75亿元专项资金用于折扣补贴、消费券等。近年来，全国各地发放惠民消费券，直达民生，激活市场， 对拉动消费起到了积极作用。 (作者：吉富星，系中国社会科学院大学教授) 当然，近年来各地消费券政策在实施过程中也存在一些难点与不足。部分地区的消费券存在"抢不 到""没用过""不会用""不好用"等情况。其中，较为突出的问题包括无法获取适配的消费券、消费券使 用门槛高、使用流程烦琐等。尽管各地消费券政策成效显著，但实施过程中的这些问题仍值得关注，政 策也有待进一步优化。 当前，消费券若要发挥好政策效能，还应因地制宜优化设计、发放、使用和监管的全流程，并且在效 率、公平和可持续性方面持续下功夫。各地消费券可结合自身实际，适度推广"折扣券""直 ...

（来源：邯郸网络广播电视台） 转自：邯郸网络广播电视台 新春脚步渐近，街头巷尾的年味儿已愈发浓郁。坐落于主城区光明大街（成语一条街）的邯宝坊特产销售区与邯郸味道美食街区，作为近年来邯郸市精心打 造的特色"邯味"消费新地标，正由市商务局牵头，紧锣密鼓地推进新春焕新布展，同步筹备系列新春主题活动，为广大市民营造更具烟火气、文化味和体验 感的新春消费场景。近日，记者先期探访，与两处管理者、经营者及购物市民现场交流，了解两大片区的新春布展亮点、特色活动和春节市场最新动态，抢 先感知马年新春浓厚烟火气息。 红色成语灯笼店外高悬，红福贺岁贴纸扮靓橱窗，深冬寒意正浓，邯宝坊内却暖意涌动、年味盎然，一场颜值焕新的年货盛宴已悄然启幕。步入卖场，各县 （市、区）门店迎春布展各具特色、新意十足。记者在临漳店看到，该店特设幽默漫画风格的马年好运互动墙，兼具留言互动与趣味打卡功能，让市民采购 时多了几分喜悦，烟火气和仪式感直接拉满。 市商务局驻邯宝坊工作人员武静介绍："今年营造年味，我们不搞统一布展，要求各店最迟在2月7日前自选风格完成布展，避免单一化，赶在新春展销期前 把邯宝坊的年味彻底烘托起来。" 今年春节期间（2月7日至23日） ...

一碗螺蛳粉卖55元，阿嬤手作在上海开出首家餐厅；库迪咖啡回应取消9.9元咖啡活动。详情请看红餐网《每 日餐讯》。 一碗螺蛳粉卖 55元！阿嬤手作在上海开出首家餐厅 红餐网消息，近日，新茶饮品牌阿嬤手作在上海黄浦区新天地东台里开了一家名为"鑼獅LUÓ SHĪ"的餐厅，该餐厅主打 螺蛳粉，已于1月31日开启试营业，吸引了不少消费者前去打卡。不少消费者反馈，餐厅生意火爆，排队要近1个半小 时。 据了解，该餐厅主打明档现制，产品包括招牌螺蛳粉、吊龙炒螺蛳粉等及多款螺蛳小菜，同时还提供八妹鸽腿、慢炖玉 林牛巴等手工广西菜和黄皮冰沙等广西手工甜品。餐厅定位中高端，一碗招牌螺蛳粉的定价为55元起，红油酸笋、红油 焖腐竹等小菜单价大都在9元以上。 杨凌发布消息，近日，魏家餐饮全国首座汉堡加工基地在杨凌投产，魏家旗下的汉堡胚、热狗今后将全部实现杨凌本地 现产现供，该基地还将为整个西北及华北区域供货。 "我们目前每天生产10万个左右的汉堡，满负荷运转后，预计能达到每天20万个的产能。"魏家餐饮AMF全自动烘焙生产 线项目负责人梁浩楠介绍。此次落地杨凌的魏家餐饮AMF全自动烘焙生产线项目，由陕西魏普锐德食品有限公司建设及 运营，是 ...

Core Viewpoint - The visit of UK Prime Minister Starmer to Yuyuan Garden and his purchase of the butterfly crisp signifies recognition of the Yuyuan brand and Chinese cultural influence, highlighting the need for Yuyuan to maximize its cultural value and promote Chinese culture globally [1] Group 1: Yuyuan's Role in International Consumption - Yuyuan Garden is a key player in Shanghai's development as an international consumption center, focusing on upgrading the jewelry fashion industry and enhancing urban consumption capabilities [1] - Yuyuan plans to enhance its appeal to international tourists by improving payment convenience and language services, aiming to create a welcoming experience for overseas visitors [3] Group 2: Brand Expansion and Cultural Promotion - Yuyuan has initiated cultural and brand expansion through events like the "Lantern Festival," with plans to open its first flagship store in London by 2025 and expand its presence in Southeast Asia [5] - The company emphasizes the importance of a solid business model and industry chain layout for successful international expansion, with a focus on key regions and replicable business models by 2026 [5] Group 3: Lantern Festival Enhancements - The Lantern Festival this year will see significant upgrades, including an expanded geographical area and the introduction of a "ticket root economy" model, where tickets serve as both entry passes and redeemable vouchers at local merchants [6] - The expected visitor count for this year's festival is projected to exceed 4 million, with a focus on enhancing the overall experience rather than just increasing numbers [6] Group 4: Jewelry Fashion Functional Zone Development - The establishment of the International Jewelry Fashion Functional Zone is seen as a significant opportunity for Yuyuan, aiming to enhance the cultural and aesthetic appeal of jewelry products [6] - The company is working on integrating the jewelry industry with cultural elements, focusing on reducing the financial attributes of gold products while enhancing their wearable and aesthetic qualities [7] Group 5: Revitalizing Traditional Brands - To invigorate the consumption vitality of traditional brands, Yuyuan suggests enhancing product cultural integration, creating immersive cultural consumption experiences, and establishing a robust system for Shanghai's signature gifts [8][9] - The company advocates for collaborative efforts between market entities and government to ensure the jewelry fashion functional zone becomes a hub for top brands and consumer experiences [7]

□ 本报记者 王梦然 陈珺璐 消费是畅通经济循环的关键环节，是增进民生福祉的重要载体。围绕省"十五五"规划纲要中"全方位扩 大内需"的具体部署，代表委员们纷纷建言献策，从政策引导、企业实践、产业融合等多个维度，勾勒 出江苏以"新消费"点亮美好生活的生动图景。 "人民商场的核心竞争力，不只是商品本身，还有那沉淀了90多年的情感链接和信任基石。"省人大代 表、苏州人民商场女装部副经理沈黎萍介绍，为打破传统零售边界，商场加速数字化转型，通过微商 城、会员体系直播带货，将线下服务延伸至线上场景。新的一年，商场将着力把首店做成"恒店"，让网 红焕发"长红"活力。她表示，将继续创新服务路径，将苏式文化元素融入现代消费场景，让购物与社 交、文化体验深度融合，在首发经济、旅游经济、银发经济、美丽经济、宠物经济等"新赛道"上发 掘"新增长"，扩大优质商品和服务供给，满足不同年龄段的个性化消费期待。 在省政协委员，扬州瘦西湖旅游度假投资管理集团董事长，江苏扬城一味餐饮管理有限公司董事长、总 经理陈万庆看来，文旅行业特别是住宿餐饮业，既是拉动消费的重要领域，也是实现产业联动、畅通经 济循环的重要纽带，在推动消费结构升级、促进内需持 ...

而对于具体投资方向，姜禄彦认为，2026年消费品投资品领域具备较多结构性投资机会。 （来源：经济参考报） 诺德基金研究员姜禄彦近期发表市场观点表示，从2023年以来，传统消费板块整体经历调整，供需结构 逐步匹配，库存去化也较为充分。从2025年三季度开始，传统消费在多个维度都呈现了触底回升迹象。 展望2026年，传统消费在政策支持、周期规律以及较低基数的作用下有望呈现一定的复苏态势。 "互联网巨头的线下支付数据于2025年二三季度转正，其中三季度线下支付增长加速。餐饮消费方面， 头部火锅品牌翻台率降幅持续收窄，2025年8月份后逐步恢复至持平区间。出行相关数据方面，三大酒 店集团自2025年9月以来ADR转正，RevPar降幅持续收窄。三大航空公司票价降幅持续收窄，并于9月 转正，四季度维持正增长。"谈及行业中观维度，姜禄彦表示。 展望2026年，姜禄彦认为，政策将对消费更加支持，中央经济工作会议将"实施消费升级行动，扩大重 点领域消费"放在首要位置。同时，国内强大的制造业和科技产业也为经济发展注入了新的动能。叠加 2025年外在因素对顺周期消费的冲击导致的低基数，2026年传统消费的景气度有望进一步改善，复 ...

根据方案，活动涵盖"好吃""好住""好行""好游""好购""好玩"六方面内容。结合开展中华美食荟、老字 号嘉年华活动，组织餐饮名店、老字号餐饮企业、地方特色小吃等，推出年夜饭套餐、新春团圆宴；联 动家居卖场、家电品牌、家装企业，推出"新春焕新家"惠民促销；民航、铁路部门增加运力，优化空铁 联运产品；开展全国春节文化和旅游消费月活动；指导重点商圈（步行街）、品牌门店、离境退税商店 等线下实体备足优质货源，联动开展惠民促销；鼓励各地推出春节档观影优惠，开展"跟着电影品美 食"等新春福利活动等。 方案提出，指导有奖发票试点城市精心设计方案，在春节期间加大奖金投放力度；鼓励其他地区整合各 方资源，因地制宜组织开展购物抽奖、消费补贴、消费返券等活动。鼓励各地增加春节期间消费品以旧 换新补贴数量，加大线下实体零售支持力度。聚焦重点场景，持续完善银行卡、移动支付、现金服务等 支付环境，便利入境游客支付。 （来源：劳动午报） 转自：劳动午报 新华社电 记者2日从商务部获悉，商务部等9单位日前印发《2026"乐购新春"春节特别活动方案》，活 动时间为2月15至23日春节9天假期，旨在繁荣节日市场、丰富群众文化生活、激发假期消费 ...

距离2026年春节假期只剩2周左右时间，春节促消费迎来了重磅利好！ 《每日经济新闻》记者梳理发现，去年末，财政部、商务部、国家税务总局对外发布通知称，为进一步 激发消费需求，释放消费潜力，三部门将支持50个左右城市开展有奖发票试点工作，政策实施期为6个 月。 2月2日，据商务部官网消息，近日，商务部等9单位印发了《2026"乐购新春"春节特别活动方案》的通 知（以下简称活动方案），活动时间从2月15日至23日。 通知称，试点城市对个人消费者以本人名义向零售、餐饮、住宿、文化艺术、娱乐、旅游、体育、居民 服务业等行业的经营主体购买商品和服务，且取得的票面金额在一定额度以上的发票组织抽奖。 值得关注的是，活动方案包含好吃、好住、好行、好游、好购、好玩六个部分，聚焦与老百姓生活息息 相关的中华美食、交通出行、旅游消费、文艺展演等多方面组织丰富多彩的活动。并从以旧换新、金融 支持、跨界融合等方面推出系列支持举措。 中国消费经济学会副理事长、北京工商大学商业经济研究所所长洪涛接受《每日经济新闻》记者电话采 访时表示，首先，与往年相比，2026年春节假期时间更长，人们有更加充裕的时间规划旅游出行，更好 满足人们吃穿住行等 ...

Core Insights - The "2026 Spring Festival Special Activity Plan" aims to stimulate holiday consumption and enrich cultural life during the Spring Festival from February 15 to 23, 2026, by creating a nationwide consumption event [1] Group 1: Activity Overview - The plan covers six key areas: "Good Food," "Good Accommodation," "Good Transportation," "Good Tourism," "Good Shopping," and "Good Entertainment" [1] - Five support measures are proposed, including prize invoices, enhanced trade-in programs, increased financial support, cross-industry integration, and facilitation of inbound consumption [1] Group 2: Consumer Engagement - The plan encourages cities to design prize invoice schemes with increased prize funding during the Spring Festival, promoting shopping lotteries, consumption subsidies, and cashback activities [2] - It aims to enhance the consumer experience by integrating various sectors, such as combining accommodation with scenic spots and dining with entertainment [3] Group 3: Economic Impact - The initiative is expected to stimulate immediate consumption through prize invoices and trade-in subsidies, particularly for durable goods like automobiles and home appliances [3] - It also aims to create a positive consumption cycle by fostering collaboration among government, market entities, and consumers, while addressing trends in green, smart, and healthy consumption [3]