服务消费迎政策"礼包"，入境游、赛事经济、中高端医疗站上风口 关联内容 坚持对外开放和对内放开。 第一，抓政策。今年以来，商务部会同相关部门出台了增开银发旅游列车、家政服务消费扩容升级、促 进健康消费、服务消费提质惠民等政策文件，还有服务消费与养老再贷款、服务业经营主体贷款贴息和 个人消费贷款贴息等政策，这些政策社会反响都很好。 第二，抓场景。好的消费场景，能够为消费者提供情绪价值，带来更加愉悦、深度的消费体验。将支持 地方创新多元化服务消费场景，培育"旅游+""美食+""体育+"、"演艺+"等融合消费场景，推动商旅文体 健融合发展。结合各地服务消费场景打造工作，分批次发布若干影响力广、社交属性强、创意新颖的服 务消费场景创新实践案例。 第三，抓活动。商务部已经连续两年举办"服务消费季"活动，推出了280余项服务消费领域重点活动， 还与其他部门共同开展"中华美食荟""跟着电影品美食"等活动，受到经营主体的欢迎，也给消费者带来 了新的体验和实惠。 第四，抓平台。开展消费新业态新模式新场景试点城市建设，是很重要的一个平台载体和抓手。商务部 还将加力推进城市一刻钟便民生活圈建设，增加多元服务，打造宜居宜业、宜游宜购 ...

智通财经APP讯，希玛医疗(03309)发布公告，于2025年9月17日斥资31.48万港元回购16万股。 ...

Core Viewpoint - The Chinese government is implementing policies to expand service consumption, focusing on opening up various sectors to enhance foreign investment and improve service accessibility for international markets [1] Group 1: Policy Measures - The policy document outlines measures to promote orderly opening in sectors such as the internet and culture [1] - It emphasizes expanding pilot programs in telecommunications, healthcare, and education [1] - The initiative supports including more service consumption areas in the "Encouraging Foreign Investment Industry Directory" [1] Group 2: Facilitation for Foreigners - The government aims to continuously optimize visa policies for foreigners coming to China [1] - It includes measures to facilitate communication, accommodation, and payment for international visitors [1] - The focus is on cultivating international markets in healthcare and exhibition sectors [1]

Core Viewpoint - The ownership transfer of Aoyang Health (002172.SZ) to Zhangjiagang Economic and Technological Development Zone Management Committee has been confirmed, aligning with previous market rumors [2][3]. Group 1: Ownership Transfer Details - Aoyang Health's controlling shareholder plans to transfer 20% of its shares to a company under Zhangjiagang Economic and Technological Development Zone Management Committee for a total price of 592 million yuan, while also relinquishing voting rights for an additional 5% of shares [2][3]. - The share transfer will be executed at a price of 3.87 yuan per share, which is a 10% discount compared to the price before the suspension of trading [3]. Group 2: New Management and Investment Focus - The new controlling entity, Yuesheng Technology, is led by a post-90s investment manager, who is expected to steer Aoyang Health towards new productive forces [5]. - Zhangjiagang Economic and Technological Development Zone Management Committee oversees around 30 core enterprises, focusing on traditional and emerging industries, including new energy and artificial intelligence [5]. Group 3: Financial Challenges - Aoyang Health has been facing high debt levels, with an asset-liability ratio exceeding 90% and interest-bearing debt ratio over 40% since 2021 [6]. - The company reported a significant loss of 1.03 billion yuan in 2021 due to asset impairment and poor performance in its healthcare segment [6]. - As of mid-2025, Aoyang Health had only 462 million yuan in cash against short-term borrowings of 646 million yuan, indicating a precarious financial position [6]. Group 4: Performance Commitments - The new management has set performance targets, requiring Aoyang Health to achieve a net profit of no less than 30 million yuan annually from 2025 to 2027, along with a minimum net cash flow from operating activities of 60 million yuan in 2025 [8]. - Previous cash flow figures for 2024 and the first half of 2025 were significantly below these targets, raising concerns about the company's ability to meet the new performance commitments [8].

Investment Rating - The report maintains a "Buy" rating for several companies in the service consumption sector, including Gu Ming, Mi Xue, Cha Bai Dao, Xiao Cai Yuan, Da Shi, and others [7][8]. Core Insights - The recent policy measures aimed at expanding service consumption are expected to boost the service sector, particularly in areas such as cultural tourism, IP consumption, and elderly care [1][2]. - The report highlights the potential for significant growth in China's service consumption, with the current contribution of service industry value added to GDP at 57%, compared to around 70% in developed countries, indicating room for expansion [1][2]. - The report emphasizes the importance of high-quality service supply and the integration of new technologies and business models to enhance the service sector [1][4]. Summary by Sections Policy Measures - The report outlines five key areas with 19 specific measures to promote service consumption, including the cultivation of service consumption platforms and the enhancement of high-quality service supply [3][4]. - Specific initiatives include optimizing cultural product offerings, extending operating hours for tourist attractions, and promoting long-term care insurance [3]. Market Performance - As of August 2025, retail and catering revenue reached 449.6 billion yuan, showing a year-on-year growth of 2.1%, indicating a recovery from previous lows [4]. - Domestic travel during the first half of 2025 saw 3.285 billion trips, a 20.6% increase year-on-year, with spending reaching 3.15 trillion yuan, up 15.2% [4]. Company Recommendations - The report suggests focusing on leading companies with growth potential and strong market positions, such as Gu Ming, Mi Xue, and others, which are expected to benefit from policy support and industry consolidation [5][8]. - Specific companies highlighted for their growth potential include Gu Ming (1364 HK), Mi Xue Group (2097 HK), and others, with target prices set for each [8][12]. Financial Performance - Gu Ming reported a 34.4% year-on-year increase in GMV to 14.1 billion yuan in the first half of 2025, with a net profit of 1.625 billion yuan, reflecting a 121.5% increase [13]. - Mi Xue Group's revenue for the first half of 2025 was 14.87 billion yuan, a 39.3% increase year-on-year, with a net profit of 2.69 billion yuan, up 42.9% [15]. Growth Outlook - The report anticipates that as the new measures are implemented, the service sector will experience a surge in high-quality supply and innovative business models, driving domestic demand growth [4][5].

地铁"快线"17号线贯穿东部城区南北，全长近50公里。2021年和2023年，17号线南段（嘉会湖—十里 河）、北段（工人体育场—未来科学城北）分别通车，分段运营。中段建成后，17号线将实现全线贯通 运营，从嘉会湖站到未来科学城北站仅需66分钟。 地铁18号线途经海淀、昌平两区，原为13号线扩能提升工程的一部分。建成运营后，回天地区、海淀北 部的上班族到中关村软件园、北清路沿线等地将更方便。 转自：北京日报客户端 北京市发改委昨晚介绍了8月市重点工程的最新进展：中德产业园示范区配套绿化提升工程、北京第二 实验学校（一期）、顺义区域医疗中心等新项目实现开工建设，多个项目完成节点目标，持续推动经济 社会高质量发展。其中，备受关注的6号线南延段、17号线中段、18号线新线空载试运行，冲刺年底开 通试运营。 三条（段）地铁空载试运行 6号线南延位于通州区，总投资约为12.4亿元，项目全长约2.1公里，设站1座，也就是从现在的东端终点 潞城站，向南延长一站到东小营南站。"项目开通后，对助力非首都功能疏解和城市副中心建设、提升 行政办公区及其生活服务区内的轨道交通服务水平有重要意义。"市发改委相关负责人说。 这三条线进入 ...

Group 1 - The core viewpoint of the article is the announcement of 19 measures by the Ministry of Commerce and nine other departments to expand service consumption in China [1] - The measures include the implementation of a service consumption quality improvement action and the continuous development of the "Buy in China" brand [1] - There is a focus on developing new consumption scenarios and supporting the integration of various sectors such as travel, culture, and sports to create innovative consumption experiences [1] Group 2 - The document emphasizes the need for high-level opening of the service industry, particularly in sectors like telecommunications, healthcare, and education [1] - It encourages the introduction of foreign sports events and supports local governments in hosting popular sports events to enhance service consumption [2] - The document also outlines the optimization of student holiday arrangements to increase service consumption opportunities during travel seasons [2]

具体措施包括：推动互联网、文化等领域有序开放，扩大电信、医疗、教育等领域开放试点；支持将更 多服务消费领域纳入《鼓励外商投资产业目录》；支持有条件的地方以优质演艺、动漫、游戏、影视作 品等线上流量带动线下场景创新；结合实际、因地制宜延长热门文博场馆、景区营业时间，优化预约方 式，鼓励推行免预约；鼓励引进国外优秀体育赛事，支持地方举办大众体育赛事，打造一批具有较高知 名度的精品赛事、职业联赛以及具有自主知识产权的体育竞赛表演品牌；培育多元化教育和培训市场； 放宽中高端医疗、休闲度假等领域市场准入，减少限制性措施，吸引更多外商投资、民营资本进入，增 加优质服务供给等。 值得注意的是，在服务消费的重点领域中，《措施》除了针对文化、旅游、体育等当前已有较快增长的 领域作出相应部署外，还提出要放宽中高端医疗、休闲度假等领域的市场准入。 在要素保障方面，《措施》强调要加强财政金融支持，具体包括支持服务贸易创新发展引导基金按市场 化原则投资符合条件的服务消费企业，引导社会资本加大对服务消费相关领域投资；综合运用货币信贷 等政策工具，支持金融机构扩大服务消费领域信贷投放，加大对服务消费领域经营主体信贷投放力度等 方面。 证券 ...

Core Viewpoint - The article discusses the planned exit of Shen Xue Ru from the control of A-share listed company Aoyang Health, with a transfer of 20% of shares to a state-owned entity, marking a significant change in the company's ownership structure [1][2]. Group 1: Ownership Change - Aoyang Health's controlling shareholder, Aoyang Group, plans to transfer 20% of its shares to Zhangjiagang Yuesheng Technology Partnership for approximately 593 million yuan, resulting in Yuesheng Technology becoming the new controlling shareholder [1][4]. - Following the transaction, the actual controller of Aoyang Health will shift from Shen Xue Ru to the Zhangjiagang Economic and Technological Development Zone Management Committee [1][4]. Group 2: Financial Performance - Aoyang Health reported a revenue of 903 million yuan in the first half of 2025, a year-on-year decrease of 12.49%, and a net profit of 31.56 million yuan, down 15.46% [2][10]. - As of June 30, 2025, Aoyang Health's total assets amounted to 1.968 billion yuan, with a high debt ratio of 92.58% [2][11]. Group 3: Historical Context - This marks Shen Xue Ru's second exit from an A-share listed company, following the sale of Aoyang Shunchang (now known as "Weilan Lithium") in 2020 [2][5]. - Aoyang Health has undergone a transformation from a chemical fiber business to a focus on the health industry since 2015, but has faced challenges due to losses in its traditional business [9][10]. Group 4: Performance Commitments - Aoyang Group and Shen Xue Ru have made performance commitments for Aoyang Health, ensuring that net profits will not be less than 30 million yuan annually from 2025 to 2027 [11]. - If these targets are not met, Aoyang Group and Shen Xue Ru will compensate Yuesheng Technology with 60 million yuan [11].

商务部9月16日消息，商务部等九部门近日联合印发《关于扩大服务消费的若干政策措施》，在培育服 务消费促进平台、丰富高品质服务供给、激发服务消费新增量、加强财政金融支持、健全统计监测制度 5方面提出19条举措。 在培育服务消费促进平台方面，政策措施明确，持续深化"购在中国"品牌打造，开展"服务消费季"系列 促消费活动，围绕贴近群众生活、需求潜力大、带动作用强的重点领域开展服务消费促进活动，培育服 务消费品牌，打造服务消费热点。开展消费新业态新模式新场景试点城市建设。积极发展首发经济，推 动创新和丰富服务消费场景，支持优质消费资源与知名IP跨界合作，打造一批商旅文体健融合的消费新 场景，培育一批新型消费龙头企业。 在丰富高品质服务供给方面，政策措施提出，扩大服务业高水平对外开放。推动互联网、文化等领域有 序开放，扩大电信、医疗、教育等领域开放试点。加快推进服务业扩大开放综合试点示范。支持将更多 服务消费领域纳入《鼓励外商投资产业目录》，提供差异化服务供给。放宽中高端医疗、休闲度假等领 域市场准入，减少限制性措施，吸引更多外商投资、民营资本进入，增加优质服务供给。提升文化娱 乐、体育、家政、养老、托育等服务供给水平 ...