日前，《广东省商品零售行业"诚信价格"行为指引（征求意见稿）》《广东省餐饮行业"诚信价格"行为 指引（征求意见稿）》《广东省住宿业"诚信价格"行为指引（征求意见稿）》3份意见稿向社会公开征 求意见，意见反馈截止日期为2025年12月24日。 据悉，3份意见稿是广东省市场监督管理局根据《中华人民共和国价格法》等法律规定起草的，旨在推 动经营者遵守相关领域行为规范，营造放心消费环境，保护相关主体合法权益，维护市场公平竞争秩 序。 零售行业"诚信价格"行为指引指出，经营者可以根据自身特点和条件，采取消费者能够方便、有效获悉 的方式进行明码标价。电子商务经营者通过网络等方式销售商品或者提供服务的，应当通过网络页面， 以文字、图像等方式进行明码标价。同一标价方式上，可以同时标示会员价和非会员价，但标示应当做 到清晰醒目。标示会员价和非会员价的字体大小应当一致。 另外，经营者开展促销活动应当真实、准确、清晰、易懂，避免使用含糊不清、容易引起误解的语言、 文字、数字、图片或者视频等进行价格标示。 住宿业经营者不得虚构原价 住宿业价格实行市场调节价，由经营者依据经营成本和市场供求等情况依法自主制定，通过市场公平竞 争形成价格 ...

Core Viewpoint - McDonald's has increased the prices of various menu items by 0.5 to 1 yuan, effective December 15, 2025, impacting several burgers, snacks, and meal sets [1][6]. Price Changes - The Big Mac has seen a price increase of 1 yuan, while the Double Filet-O-Fish and McFish have also risen by 1 yuan [1]. - Other snacks such as McNuggets, Chicken Fillet, and various fries have increased by 0.5 to 1 yuan [1]. - The "1+1 Flexible Combo" remains unchanged at a starting price of 13.9 yuan, although some combinations have experienced a 1 yuan increase [2]. Financial Performance - McDonald's reported a revenue of $7.078 billion for Q3 2025, reflecting a year-on-year growth of 3%, and a net profit of $2.278 billion, up 1% [6]. - As of November 2025, McDonald's has over 7,100 restaurants in China [6].

12月12日，以"创新力量与时代变革"为主题的第十七届内蒙古金融家与企业家大会隆重闭幕， 2025•蒙域U35-U45杰出青商榜单成功发 布，内蒙古金融行业协会理事年会同期举行，来自自治区经济领域官员、专家学者及金融机构高管、商界领袖、青商代表300余人共聚一 堂，盘点2025，把脉2026，研讨内蒙古最新一轮改革可能的方向和力度，激辩实现内蒙古经济高质量发展的突围之道。 活动由内蒙古金融网、蒙域经济30人专家组主办；平安人寿内蒙古分公司、宇航人集团、额尔敦集团联合主办；阴山优麦、神驼乳业、 老绥元餐饮协办；古井贡酒、钉钉•纵横云、汉森红酒、维信羊绒、龙驹奶酒、万盛昌水业、国瑞联康医院品牌支持；首席经济学家论 坛、洪略全球智库、精彩纷呈RBF商业联盟、世界青商俱乐部、环球影响力智库、北宸智库、内蒙古新金融研究院智库支持；美国凯泽 大学、比利时列日大学HEC列日高商、意大利马可尼大学、富有国际教育（AIEI）集团学术支持；内蒙古金融行业协会、内蒙古经济学 会、内蒙古品牌建设促进会、内蒙古农牧业产业化龙头企业协会、内蒙古餐饮与饭店行业协会、内蒙古主持礼仪协会、内蒙古自治区烧 麦行业协会、蒙域青商俱乐部、阿拉善盟骆 ...

2025 年 12 月 15 日 总量研究 主要指标进一步回落 要点 事件： 2025 年 12 月 15 日，国家统计局公布 2025 年 11 月经济数据：1）11 月规模以 上工业增加值同比增长 4.8%，前值为增长 4.9%；2）1-11 月固定资产投资累计 同比下降 2.6%，前值为下降 1.7%；3）11 月社会消费品零售总额同比增长 1.3%， 前值为增长 2.9%。 点评： 规模以上工业生产同比增速下降但环比增速上升。11 月规模以上工业增加值同 比增长 4.8%，涨幅较 10 月下降 0.1 个百分点。从环比看，2025 年 11 月份规 模以上工业增加值环比增速为+0.44%，较 10 月有所上升。从结构来看，三大门 类中，相对于上月，2025 年 11 月采矿业增加值同比增速上升，但制造业，电力、 热力、燃气及水生产和供应业增加值同比增速则下降。 1-11 月固定资产投资累计同比降幅扩大，但 11 月环比降幅收窄。2025 年 1-11 月固定资产投资累计同比增速为-2.6%，降幅扩大。从环比增速来观察，11 月固 定资产投资环比增速为-1.03%，环比降幅收窄。从结构上来说，11 月房 ...

Core Viewpoint - McDonald's has increased the prices of several menu items by 0.5 to 1 yuan, including various burgers, snacks, and meal sets, effective from December 15, 2025 [1][2]. Price Changes - The price of the Big Mac has risen by 1 yuan - The Filet-O-Fish has also increased by 1 yuan - McNuggets have seen a price increase of 1 yuan - The large chicken sandwich has gone up by 1 yuan - The McChicken has increased by 0.5 yuan - Medium fries have risen by 0.5 yuan - The corn cup has increased by 0.5 yuan - McFlurry and Sundae prices have also gone up by 0.5 yuan [1][2]. Company Response - McDonald's China stated its commitment to providing high-quality meals and value options for consumers - The company is currently running a promotional event called "McFarm Food Festival with 10 yuan burgers" to continue offering value and convenience to customers [1][2].

Group 1 - McDonald's has increased the prices of various menu items by 0.5 to 1 yuan, including popular burgers, snacks, and meal sets [2][8] - Specific price increases include a 1 yuan rise for the Big Mac, Double Filet-O-Fish, and Filet-O-Fish, as well as 1 yuan for McNuggets and other snacks [2] - The "1+1 Flexible Combo" meal price remains unchanged at 13.9 yuan, although some combinations have seen a 1 yuan increase [4] Group 2 - As of November 2025, McDonald's reported a revenue of 7.078 billion USD, a 3% year-over-year increase, and a net profit of 2.278 billion USD, a 1% increase [8] - The number of McDonald's restaurants in China has surpassed 7,100 as of November 2025 [8]

Core Viewpoint - The recent Central Economic Work Conference emphasizes the need for financial institutions to enhance support for expanding domestic demand, with a focus on boosting consumption through coordinated efforts between commerce and finance [1][10]. Group 1: Financial Support for Consumption - Financial support will be increased in key areas of consumption, including upgrading product consumption and expanding service consumption [1][2]. - Innovative financial products and services will be developed to cater to the characteristics of service consumption, such as home services, hospitality, and entertainment [2][4]. - The development of financing services for intangible assets like intellectual property and technology achievements will be prioritized, along with tailored financial products for small and micro enterprises [4]. Group 2: New Consumption Models - Financial institutions are encouraged to collaborate with platforms and key merchants to enhance payment options like installment plans and digital currencies, addressing consumer upgrade needs [6]. - There will be a focus on developing new consumption scenarios, including green consumption, digital consumption, and AI-driven consumption [7]. - Financial services will be integrated to support new business models and consumption activities, such as "Buy in China" initiatives and the development of urban consumption centers [7]. Group 3: Rural and County-Level Consumption - Financial support will be provided for county-level consumption initiatives, including seasonal commercial activities and rural product sales [11]. - The development of rural logistics and cold chain facilities will be supported through targeted financing [11]. - Financial institutions are encouraged to participate in local consumption promotion activities, offering tailored products and services to enhance consumer engagement [11].

Group 1: Strategic Partnership and Brand Launch - Junting Hotel Group and Choice Hotels International launched the Comfort and Quality brands in China, marking a significant collaboration in the hotel industry [1][12] - The brands were customized for the Chinese market, showcasing a model of "global resources + local operations" [2][12] - Initial investment agreements for several hotels were signed, including locations in Chongqing and Nanjing, indicating the start of brand expansion [2][12] Group 2: Comfort Hotel Insights - Comfort Hotel, established in 1981, targets the 18-30 age group with a focus on comfort and practicality, promoting a "Nothing but Comfort" philosophy [3][14] - Investment details show a single room investment of 85,000 yuan, with an average first-year room rate of 300 yuan per night and an occupancy rate of 80% [3][15] - The projected payback period for investors is approximately 3.19 years, making it an attractive option for high turnover [15] Group 3: Quality Hotel Insights - Quality Hotel, with roots dating back to 1939, emphasizes local culture and aims to create a unique cultural experience for guests [4][17] - The investment for a single room is 180,000 yuan, with a first-year average room rate of 520 yuan per night and an occupancy rate of 75% [4][17] - The projected GOP rate is 58%, indicating a strong potential for profitability [17] Group 4: Support Mechanisms for Investors - Junting has established four core support mechanisms to enhance the efficiency of the partnership: funding support, operational management, customer sourcing, and revenue management [6][18] - The funding support includes loans with a minimum interest rate of 4%, alleviating financial pressure for investors [6][18] - The operational management strategy includes a three-month group management period to quickly ramp up operations and reduce trial-and-error costs [6][18] Group 5: Market Implications - The collaboration between Junting and Choice Hotels is expected to drive high-quality development in the mid-to-high-end hotel market in China [6][18] - This partnership is seen as a new paradigm for internationalization and scalability in the hotel industry, potentially leading to the globalization of Chinese hotel services [6][18]

营运方面，该行预期明年首季海底捞的翻桌率将有正面势头，料经营利润率压力将于今年下半年逐步纾 缓，并于明年进一步恢复，受惠于公司在今年完成店铺改造，该行指，海底捞仍然是其在中国餐饮板块 的首选，明年将更看好休闲餐饮企业而非快餐公司。 花旗发布研报称，刚闭幕的中央经济工作会议中，政府强调计划清理消费领域不合理限制措施，释放服 务消费潜力。该行预期政府将在2026年放宽部分反奢华消费措施，而休闲餐饮企业如海底捞(06862)， 较快餐企业更能受惠。该行对海底捞开启30天正面催化观察，现予目标价18.5港元及"买入"评级。 ...

营运方面，该行预期明年首季海底捞的翻桌率将有正面势头，料经营利润率压力将于今年下半年逐步纾 缓，并于明年进一步恢复，受惠于公司在今年完成店铺改造，该行指，海底捞仍然是其在中国餐饮板块 的首选，明年将更看好休闲餐饮企业而非快餐公司。 智通财经APP获悉，花旗发布研报称，刚闭幕的中央经济工作会议中，政府强调计划清理消费领域不合 理限制措施，释放服务消费潜力。该行预期政府将在2026年放宽部分反奢华消费措施，而休闲餐饮企业 如海底捞(06862)，较快餐企业更能受惠。该行对海底捞开启30天正面催化观察，现予目标价18.5港元 及"买入"评级。 ...