转自：北京日报客户端 2025中国网球公开赛 9月14日精彩开赛 北京朝阳创新"赛事+"消费模式 全方位满足观赛、购物、美食需求 让您在感受网球激情的同时 尽享欢乐 两张地图带你走遍 朝阳"中网消费圈" "发球吧！朝阳"主题地图以网球元素为脉络 串联亚奥、望京、CBD、双井等九大核心商圈 覆盖了国家网球中心周边以及 联动各大商圈开展 票根联动优惠、趣味互动展览 打造"第二现场"观赛 蓝色港湾、朝阳大悦城等热门地标 精心标注了票根联动、互动展览 折扣促销等特色活动点位 想知道哪家商圈有主题活动 哪个商场有票根福利 地图上一目了然 跟着逛就对了 朝阳区还设立凤凰汇、798 为场外"第二现场"观赛点 延续赛事热情 北京朝阳合生汇为中网观众准备了消费满额赠礼活动，持中网预定票根在朝阳合生汇快闪店消费满200 元，可领取小礼品一份。在任意店铺消费满666元，可领取云海梵花超级肉铺50元无门槛代金券一份， 购物的同时还能收获惊喜。 九大商圈×中网活动 观赛优惠攻略请收好！ 叮咚！九大商圈优惠来袭 减免、赠送、专属活动 不可错过的福利哦 拿上票根，冲冲冲 01 北京朝阳合生汇 时间：9月1日-10月15日 地点：朝阳合生汇 ...

Group 1 - The Hong Kong stock market has attracted global capital due to its valuation advantages and quality Chinese assets, with the Hang Seng Index and Hang Seng Tech Index rising by 27.70% and 29.79% respectively year-to-date as of September 1 [1] - Significant inflows from both long-term and short-term foreign investors have been observed, with approximately 677 billion HKD from long-term stable funds and 162 billion HKD from short-term flexible funds between May and July, totaling over 800 billion HKD [3] - Major international investment banks have increased their holdings in leading Hong Kong stocks, with Goldman Sachs raising its stake in BYD H shares from 2.3% to 3.51% and Citibank increasing its holdings in CATL H shares from 7.01% to 7.97% [3] Group 2 - The technology and consumer sectors have become focal points for foreign investment, with foreign capital dominating in various sub-sectors, particularly in technology, retail, and insurance, where foreign institutions hold 77% of retail sector investments [4] - The improvement in the fundamental outlook for Chinese assets has drawn the attention of foreign investors, who are primarily increasing their positions through passive funds while also engaging in "low allocation replenishment" with active funds [4] - The technology and consumer sectors are expected to remain attractive to foreign investors, particularly as Hong Kong tech leaders are positioned to benefit from the AI industry trend [5][6]

Core Viewpoint - The Haikou Market Supervision Administration conducted a special inspection of 186 batches of edible agricultural products, resulting in 8 batches being found non-compliant with food safety standards [1]. Group 1: Non-compliance Issues - The inspection revealed issues related to pesticide residue exceeding the national food safety standards, including: - Carrots sold by Hainan Wanghao Sunshine Industrial Co., Ltd. (Longhu Store) with a pesticide residue of 0.46 mg/kg for thiamethoxam, exceeding the standard of 0.2 mg/kg [2]. - Chili peppers from the same store with a residue of 0.13 mg/kg for thiamethoxam, exceeding the standard of 0.05 mg/kg [2]. - Wokan oranges sold by a local supermarket with a residue of 0.37 mg/kg for bromophos, exceeding the standard of 0.2 mg/kg [2]. - Potatoes from Hainan Wangjiawang Trading Co., Ltd. (Xintiandi Store) with residues of 0.13 mg/kg for chlorfenapyr and high-efficiency chlorfenapyr, exceeding the standard of 0.02 mg/kg [2]. - Mandarins sold by a local fruit store with a residue of 0.47 mg/kg for benalaxyl, exceeding the standard of 0.2 mg/kg [2][5]. Group 2: Veterinary Drug Residue Issues - The inspection also identified issues with veterinary drug residues, specifically: - Farm-fresh eggs sold by Haikou Meilan Lingyifang Poultry Egg Stand with a residue of 21 µg/kg for doxycycline, exceeding the standard of 10 µg/kg [3].

Core Viewpoint - The recent earnings reports from Alibaba, Meituan, and JD.com reveal a competitive landscape in the food delivery market, characterized by rising marketing expenses and a struggle for profitability despite revenue growth [3][5][6]. Group 1: Earnings Performance - Alibaba reported Q1 FY2026 revenue of 247.65 billion yuan, a 2% year-on-year increase, and saw its market value rise by over 400 billion HKD on September 1 [2][3]. - Meituan's Q2 FY2025 revenue reached 91.84 billion yuan, reflecting an 11.7% year-on-year growth, but its stock fell significantly post-earnings release [2][3]. - JD.com achieved Q2 FY2025 revenue of 356.66 billion yuan, a 22.4% increase year-on-year, with relatively stable stock performance compared to its peers [2][3]. Group 2: Marketing Expenses - JD.com significantly increased its marketing expenses to 27.01 billion yuan in Q2 FY2025, up 127.63% from the previous year [3][4]. - Alibaba's marketing expenses rose to 53.18 billion yuan, a 62.64% increase year-on-year, with the expense ratio climbing from 13.4% to 21.5% of revenue [3][4]. - Meituan's marketing spending reached 22.52 billion yuan, a 51.8% increase, but it faced the most significant profit decline among the three companies [4][5]. Group 3: Competitive Dynamics - The food delivery market is experiencing intense competition, with JD.com initiating a subsidy war that prompted Alibaba and Meituan to respond [3][6]. - Meituan's market share has been pressured, leading to a forced entry into the subsidy battle, while JD.com and Alibaba view food delivery as a means to enhance their core retail businesses [6][7]. - Analysts suggest that the long-term impact of the subsidy war will be more detrimental to Meituan, as food delivery is its core business, while for JD.com and Alibaba, it is a supplementary service [6][7]. Group 4: AI and Future Investments - Alibaba's cloud revenue surged by 26% to 33.40 billion yuan, with a commitment to invest 380 billion yuan in AI over the next three years [8][9]. - Meituan has also made strides in AI, recently open-sourcing its self-developed model, indicating a competitive push in this area [8][9]. - The capital market perceives Alibaba and ByteDance as stronger players in AI, while Meituan and JD.com are still developing their capabilities [9].

卓悦控股(00653)涨超10%，截至发稿，涨13.68%，报0.108港元，成交额329.49万港元。 消息面上，香港零售管理协会主席谢邱安仪近日于线上会议表示，零售会员对9月正面，因9月没有长 假，港人会留港消费，零售商会加推优惠及新产品，有80%零售会员认为，9月生意会持平及录得升 幅，预计生意持平及录得升幅的比例较以往高，反映零售商对9月市道有期望。 香港特区政府统计处发表的零售业销货额数字显示，2025年七月的零售业总销货价值的临时估计为297 亿港元，较2024年同月上升1.8%。展望未来，香港特区政府发言人表示，本地消费气氛可望保持平 稳。港府积极推动旅游业和盛事项目，亦会有利零售业务。 ...

消息面上，香港零售管理协会主席谢邱安仪近日于线上会议表示，零售会员对9月正面，因9月没有长 假，港人会留港消费，零售商会加推优惠及新产品，有80%零售会员认为，9月生意会持平及录得升 幅，预计生意持平及录得升幅的比例较以往高，反映零售商对9月市道有期望。 香港特区政府统计处发表的零售业销货额数字显示，2025年七月的零售业总销货价值的临时估计为297 亿港元，较2024年同月上升1.8%。展望未来，香港特区政府发言人表示，本地消费气氛可望保持平 稳。港府积极推动旅游业和盛事项目，亦会有利零售业务。 智通财经APP获悉，卓悦控股(00653)涨超10%，截至发稿，涨13.68%，报0.108港元，成交额329.49万港 元。 ...

Group 1: Manufacturing Sector Insights - In August 2025, the manufacturing PMI increased by 0.1 percentage points to 49.4%, remaining below the expansion threshold, with a growth rate slightly lower than the average of 0.2% from 2016 to 2019[1] - The new orders index rose by 0.1 percentage points to 49.5%, contributing 0.03 percentage points to the PMI change[5] - The production index increased by 0.3 percentage points to 50.8%, marking the fourth consecutive month above the critical point[5] Group 2: Non-Manufacturing Sector Insights - The non-manufacturing PMI rose by 0.2 percentage points to 50.3%, indicating expansion, with the services index increasing by 0.5 percentage points to 50.5%[1] - The construction index fell by 1.5 percentage points to 49.1%, dropping into the contraction zone due to adverse weather conditions[1] - The business activity expectation index for services rose to 57.0%, indicating optimism among service sector enterprises[18] Group 3: Employment and Labor Market - The manufacturing employment index decreased by 0.1 percentage points to 47.9%, indicating a decline in employment conditions in the manufacturing sector[1] - The non-manufacturing employment index remained at 45.6%, with the services employment index dropping by 0.5 percentage points to 45.9%[23] - The construction employment index increased by 2.7 percentage points to 43.6%, supported by ongoing major infrastructure projects[23] Group 4: Risks and Economic Outlook - Risks include potential underperformance of domestic macroeconomic policies, delayed data extraction, and concentrated credit events[26] - The overall market demand remains weak, with external demand pressures still significant, indicating that the economic recovery foundation needs to be solidified[5]

随着"中国游"的热度持续攀升，外国游客不仅想来到这里观赏美景，还希望探索更多元的中国。通过购 买优质的中国产品、体验多元的消费场景等直观方式，他们能深入地了解中国，具象化地感受中国传统 文化、了解东方思想内涵。 当越来越多的外国游客在惊喜之余，感叹"爱上这里的'烟火气'，爱上中国"的时候，"中国购"便不只是 购物，而是一场跨越国界的双向奔赴。世界将重新发现中国，中国也将始终敞开怀抱，迎接全球宾客。 （中国经济网 臧梦雅） 在义乌淘创意，到杭州追潮流，去深圳享科技……今年以来，"China Shopping（中国购）"持续走红， 成为海外社交媒体热议的话题。 "中国购"有多火爆？先来看看几个亮眼的数据：今年上半年，外国人入出境数量达3805.3万人次，同比 上升30.2%，其中，免签入境外国人1364万人次，同比上升53.9%。那么，"中国购"为啥走红？为啥越 来越多的外国人选择跨越重洋来中国购物？ 在国外社交媒体平台上，不少外国网友表示，"带着空行李箱飞到中国逛街，这太疯狂了""我正在准备 带一个空箱子去中国"……"中国购"火爆的背后，是持续扩容的免签"朋友圈"、不断优化的境外游客支 付环境，以及越来越便利的 ...

Group 1 - The Hong Kong stock market has attracted global capital due to its valuation advantages and quality Chinese assets, with the Hang Seng Index and Hang Seng Tech Index rising 27.70% and 29.79% respectively year-to-date as of September 1 [1] - Foreign capital inflow into the Hong Kong market has been significant, with long-term stable foreign institutional funds totaling approximately 67.7 billion HKD and short-term flexible funds around 16.2 billion HKD from May to July, exceeding 80 billion HKD in total [2] - Major international investment banks have increased their holdings in leading Hong Kong stocks, with Goldman Sachs raising its stake in BYD H-shares from 2.3% to 3.51% and Citibank increasing its holdings in CATL H-shares from 7.01% to 7.97% [2] Group 2 - Foreign investment is primarily focused on technology and consumer sectors, with foreign capital holding a dominant position in most sub-sectors, particularly in technology, retail, and insurance, where foreign institutions hold 77% of retail sector funds [3] - The improvement in the fundamentals of Chinese assets has attracted foreign investors, who are increasing their exposure through passive funds and "low allocation replenishment" in active funds [3] Group 3 - The technology and consumer sectors are expected to remain attractive to foreign investors, with Hong Kong's tech leaders benefiting from the AI industry trend, leading to greater upward potential [4] - Despite significant gains in the Hong Kong market, many foreign institutions believe there is still ample room for growth, with Goldman Sachs projecting an 8% to 9% earnings growth for H-shares by 2025, above the market average [4] - Experts from Morgan Asset Management and UBS Investment Bank also see structural investment opportunities in the technology, internet, consumer, and pharmaceutical sectors in Hong Kong [4]

Group 1 - The Hong Kong stock market opened lower on September 2, with the Hong Kong Consumption ETF (513230) showing a slight increase and a trading volume exceeding 28 million yuan [1] - Key stocks in the ETF include Zhongsheng Holdings, which rose nearly 6%, and Midea Group, which increased over 3%, while several other stocks like BYD, Laopuhuangjin, Pop Mart, and Galaxy Entertainment rose over 1% [1] - The Hong Kong Consumption ETF has seen continuous net inflows of funds over the past two days, indicating strong investor interest [1] Group 2 - The "Mini LABUBU" from Pop Mart sold out within 60 seconds after its online launch on August 28, reflecting the growing popularity of new consumption concepts [1] - A report from Huafu Securities highlights that consumers are increasingly favoring products with "relatively high premiums and lower unit prices," driving the popularity of small trendy toys, pet games, and gold jewelry [1] - Foreign institutional investors have been actively purchasing quality potential Hong Kong stocks, with the Hang Seng Index and Hang Seng Tech Index rising 27.70% and 29.79% year-to-date, respectively [1] Group 3 - The Hong Kong Consumption ETF (513230) tracks the CSI Hong Kong Stock Connect Consumption Theme Index, encompassing major players in both internet e-commerce and new consumption sectors [2] - The ETF includes leading companies such as Alibaba, Tencent, Xiaomi, and Meituan, as well as new consumption leaders like Pop Mart and Laopuhuangjin, highlighting its strong technology and consumption attributes [2]