作为六年来消费补贴力度最大的一届"五五购物节"，复地活力城紧抓机遇。承接第二十一届上海国际汽车工 业展览会的热度，复地活力城推出"第二届VIP新能源汽车节"，搭建专业便捷的一站式购车平台。活动叠加 上海汽车"国补""地补"政策，新能源车最高补贴2万元，燃油车置换补贴1.5万元，现场成功下单还赠东盛自 助餐券1张。热门新能源车型齐聚，专业销售提供一对一试驾咨询，活动首日便收获近50单，足见消费者热 情。 在上海第六届"五五购物节"的火热浪潮中，上海复地活力城推出第二届"超级VIP DAY"会员盛典，以多元消 费场景、丰厚会员权益和精彩活动体验，点燃五一消费热潮。 5月1日-5月5日，复地活力城为会员准备八重专属好礼。会员到店即得心意礼品，享5倍积分且积分当大兑 换、积分当钱花；消费满额赠礼，白金卡、钻石卡会员更有涵春茶肆代金券等；当日任意消费还能免停2小 时，尽显尊崇体验。 活动现场还融入国潮元素，古筝、琵琶等演奏带来沉浸式国乐享受。同时，第二届活力美食节、黄金气球雨 空投1g金钞、上海市儿基会幸福艺+1爱心公益市集、宠物领养、晚间绘本剧、满额赠夏凉被等活动同步开 展，满足多元需求，传递社会温暖。 复地活力城第 ...

编者按 今年的政府工作报告将"大力提振消费、提高投资效益，全方位扩大国内需求"列为年度工作任务之首。今年以来，多部门、多地合力促消费，消费潜力的 释放也备受关注。"五一"假期，证券时报记者深入调研商超、电影、餐饮、旅游等多个行业，实探假日消费活力，并推出"'五一'消费实探"系列报道，以 飨读者。 作为粤港澳大湾区核心消费引擎，深圳在政策引领与市场活力共振下，消费动能持续释放。"五一"假期前陆续有深圳iN城市广场回归重启盛大开业、罗湖 益田假日广场正式开门纳客、深圳太子湾的K11ECOAST海滨文化艺术区启动分阶段试运营，多个大型Mall从引入众多首店品牌到重构Z世代消费方式， 打造"对话未来的自然乐园"特色体验空间，为消费者带来别具一格的购物休闲感受。 新商业中心带来全新消费体验 聚焦家庭健康需求，记者还在该超市看到"妈妈优选"蔬菜专区，涵盖有机、富硒、"三个零"(零化肥、零化学农药、零激素)、定向高原、紫色蔬菜五大系 列；针对孕妇及婴幼儿群体，肉禽区则新增无抗冻鸡副等安全食材。此外，门店结合踏青季推出"来财四宝"烧烤拼盘、法式香草带骨猪大排等7款特色 菜，并深度融合广东饮食文化，推出"粥粥好味"猪杂系列，以 ...

编者按 今年的政府工作报告将"大力提振消费、提高投资效益，全方位扩大国内需求"列为年度工作任务之首。今年以来， 多部门、多地合力促消费，消费潜力的释放也备受关注。"五一"假期，证券时报记者深入调研商超、电影、餐饮、 旅游等多个行业，实探假日消费活力，并推出"'五一'消费实探"系列报道，以飨读者。 作为粤港澳大湾区核心消费引擎，深圳在政策引领与市场活力共振下，消费动能持续释放。"五一"假期前陆续有深圳iN 城市广场回归重启盛大开业、罗湖益田假日广场正式开门纳客、深圳太子湾的K11 ECOAST海滨文化艺术区启动分阶段 试运营，多个大型Mall从引入众多首店品牌到重构Z世代消费方式，打造"对话未来的自然乐园"特色体验空间， 为消费 者带来别具一格的购物休闲感受。 在焕新开业的iN城市广场，证券时报记者了解到，首批进驻品牌中引入首店、特色店、旗舰店共29家，餐饮业态占比超 40%，满足不同消费者的多样化需求。据悉，iN城市广场 定位"年轻力生活情绪场"，融合潮流运动、宠物社交、亲子生 活与夜间消费，打造了3万平方米FUSION PARK深圳最大户外运动公园。 而曾经的吉之岛位置被最新开业的永辉超市学习胖东来模式调改 ...

Core Viewpoint - The "Health and Environmental Walk" event organized by the Asia-Olympic Business Circle aims to enhance consumer engagement and promote the area's cultural and commercial vitality during the May Day holiday. Group 1: Event Overview - The event features 14 unique check-in points, including the National Stadium ("Bird's Nest"), Olympic Museum, and China Science and Technology Museum, creating a circular map for participants to explore [1][9]. - Participants can engage through the "Asia-Olympic Circle" WeChat mini-program, which provides navigation and allows for easy check-ins at each location [3]. Group 2: Rewards and Engagement - Successful check-ins earn participants points that can be redeemed for various rewards, such as hotel room vouchers, dining coupons, and cultural tickets, creating a "check-in—points—consumption" loop [4][11]. - The event includes surprise music flash performances and a consumer market at several check-in points, enhancing the overall experience for visitors [6][8]. Group 3: Economic and Cultural Impact - The Asia-Olympic Business Circle serves as a significant consumer hub in northern Beijing, integrating diverse consumption scenarios including commerce, tourism, and culture [9]. - The initiative aims to activate consumer spending through small incentives, fostering a shared flow of visitors among local businesses [11].

Core Viewpoint - The "Health and Environmental Walk" event organized by the Asia-Olympic Business Circle New Consumption Innovation Alliance aims to promote health, environmental awareness, and public welfare through diverse leisure and consumption experiences from May 1 to May 4 [1][2]. Group 1: Event Overview - The event is themed "Health and Environmental Protection, Public Welfare Together," aligning with the national initiative for weight management and promoting a healthy lifestyle [2]. - It features a "digital check-in and low-carbon consumption" approach, connecting 14 unique check-in points in the Asia-Olympic business area, including notable landmarks like the Bird's Nest and the Olympic Museum [2][5]. - The initiative encourages participants to engage in low-carbon travel methods such as walking and cycling, enhancing the area's cultural and commercial vibrancy [2][5]. Group 2: Participation and Rewards - Participants can use the "Asia-Olympic Circle" app for navigation and check-in, earning points that can be redeemed for various rewards, including hotel vouchers and cultural tickets [5][6]. - The event includes surprise musical performances and a consumption market at several check-in points, enriching the leisure experience for attendees [5][6]. Group 3: Organizational Background - The Asia-Olympic Business Circle New Consumption Innovation Alliance was established on December 28, 2022, by the Chaoyang District Committee, District Government, and Beichen Group, comprising 23 member units [9]. - The Asia-Olympic business area serves as a significant consumption hub in northern Beijing, featuring a mix of commercial, tourism, exhibition, cultural, and sports venues, contributing to the city's economic vitality [9].

Group 1: Market Overview - The report highlights that despite uncertainties in the Singapore real estate market, there are positive factors supporting its development [1][2] - Global economic conditions and geopolitical tensions are identified as significant external challenges impacting the market [2][9] - Singapore's position as a regional financial hub and government policies are seen as stabilizing factors for the real estate market [2][10] Group 2: Economic Outlook - Singapore's GDP growth is projected to decelerate to 1-3% in 2025, down from 4.0% in 2024 [5][9] - Inflation is expected to ease to 1.5-2.5% in 2025, following a decline from 4.8% in 2023 [5][19] - Interest rates in Singapore are anticipated to follow a downward trend, with projections suggesting a decrease to 3.75%-4.00% by the end of 2025 [5][21] Group 3: Office Market - The office market saw a net absorption of 1.91 million sq. ft. in 2024, the highest since 2017, driven by new Grade A office developments [28] - Vacancy rates for Core CBD (Grade A) offices decreased to 4.9% by the end of 2024, indicating a flight to quality among occupiers [30] - Core CBD (Grade A) rents are expected to grow modestly by around 2% in 2025, supported by limited supply and continued demand for high-quality spaces [39] Group 4: Industrial & Logistics Market - E-commerce and logistics sectors accounted for 39% of leasing demand in 2024, indicating resilience despite challenges [46] - An estimated 4.92 million sq. ft. of logistics supply is expected in 2025, which is about 3.9% of existing warehouse stock [53] - Average prime logistics rents rose by 1.1% to $1.87 psf per month in 2024, with expectations of stability in 2025 [54] Group 5: Retail Market - Tourism recovery is projected to continue in 2025, with visitor numbers expected to rise due to new attractions and events [62][63] - Approximately 0.50 million sq. ft. of retail space is expected to complete in 2025, significantly lower than previous years, which should support retail rents [70] - Overall average retail prime rents are expected to grow by 2-3% in 2025, recovering to pre-pandemic levels [74]

4月29日下午，华夏大悦城商业REIT（基金代码：180603）在成都大悦城圆满举办了2025年投资者开放日活动。本次活动汇聚机构投资者、个人投资者及行 业媒体共计60余人，与原始权益人卓远地产（成都）有限公司、运营管理机构大悦城商业运营管理(天津)有限公司、基金管理人华夏基金、资产支持证券管 理人中信证券等机构共同交流，通过资产实地探访、经营数据透视、管理层深度对话三大维度，充分解读项目运营成果与长期价值逻辑。 1、沉浸式资产体验 验证价值内核 项目调研环节，投资者代表深入探访成都大悦城项目现场，探访品牌升级、改造空间、美陈展示、屋顶花园等方面，见证项目如何通过"空间场景重构+消费 内容焕新"持续提升资产价值。 2、专业能力全景呈现 构建价值信任链 大悦城商业运营管理(天津)有限公司董事长魏学问先生在开场致辞中提到，大悦城控股作为中粮集团旗下唯一的地产投资和管理平台，商业项目覆盖全国25 个城市，管理项目40余个、管理规模450余万方，连续四年入选行业百强并获人民网等多项权威奖项，品牌影响力持续提升。大悦城控股始终坚持资产为 核、运营为王的理念，其以成都大悦城为底层资产的消费基础设施REIT正式上市打通了" ...

Group 1 - The core concept of the "first launch economy" encompasses a series of economic activities related to the first release of products or services, including the establishment of flagship stores and R&D centers, contributing significantly to retail and surrounding sectors [1][6][12] - The first launch economy is projected to reach a scale of 10 trillion yuan by 2025, accounting for approximately 20% of China's total retail sales [1][56] - Major cities in China are categorized into three tiers based on their development of the first launch economy, with Shanghai and Beijing leading the first tier, followed by cities like Guangzhou and Chengdu in the second tier, and emerging cities like Zhengzhou in the third tier [1][12] Group 2 - The development of the first launch economy is supported by a robust policy framework, with increasing government initiatives aimed at fostering innovation and enhancing consumer experiences [1][36][37] - The first launch economy is characterized by its ability to drive large-scale consumption and create a vibrant ecosystem around new products and services, leading to significant economic impacts [1][7][12] - The evolution of the first launch economy reflects a shift towards a more consumer-centric approach, aligning with trends of personalized and high-quality consumption driven by rising disposable incomes [1][47][56] Group 3 - The global first launch economy has experienced four major waves driven by technological revolutions, each enhancing competitive dynamics and market structures [13][15] - Regions like Silicon Valley and Shenzhen are at the forefront of the first launch economy, leveraging technological advancements to maintain a competitive edge in various sectors [18][20] - The first launch economy is entering a "multi-dimensional resonance" era, where collaboration among different regions enhances overall competitiveness [20][19] Group 4 - The first launch economy in China is supported by a unique infrastructure system that combines digital capabilities, manufacturing networks, and innovative policies [40][41] - Continuous investment in R&D is crucial for the growth of the first launch economy, as it fosters technological innovation and enhances product competitiveness [44][45] - The first launch economy is currently transitioning from a growth phase to a more mature stage, characterized by simultaneous expansion and quality improvement across various sectors [53][56]

新城控股海口吾悦广场内消费者众多。主办方供图 在商场内，火热的氛围同样不减。值得一提的是，在区商务部门的指导下，龙华区10万专场消费券也将于"五一"期间在新城控股海口吾悦广场发放，通过 拉动市场消费持续助力社会经济提振。 "自今年一季度以来，我们陆续开展了一系列促消费活动，包括联合商圈以及汽车、餐饮、零售等商家，常态化地开展消费税的发放，这也为我们龙华区 一季度的经济增长，尤其是在社会消费品零售板块带来了近两位数的增长，总体形势实现了稳中有进。"龙华区商务局副局长陈旭璟表示，随着"五一"假 期的临近，龙华区将继续联合辖区内的四大商圈，推出一系列的促消费活动，将餐饮零售与文旅板块进一步融合，在"五一"期间给广大的市民游客创造更 良好的消费场景。 "没想到来逛商场，居然还能'偶遇'刘畊宏在现场跳操，我还跟着跳了阵，身心都很愉悦。"海口市民陈女士表示，如今商业活动正愈发向着多元化的方向 发展，也让民众在购物消费之余更有良好的体验与互动感。 刘畊宏现场跳操。主办方供图 4月28日，新城控股集团"我爱你·五月"品牌嘉年华主会场活动在海口吾悦广场举办。该活动响应了国家"健康中国2030"战略的号召，将健康理念贯穿于活 动 ...

在近期披露的公募基金一季报中，多只REITs产品经营数据也迎来曝光。 其中，消费类REITs经营数据尤为亮眼，同比数据皆有增长，且在二级行情中，一季度内也是消费类产品涨幅 居前，共有三只基金涨幅超过30%。 REITs在此前低迷的行情里，吸引不少机构资金参与抄底。券商资管、基金专户与险资等均有布局，尤其是险 资出现在多只新发REITs等战投名单中。有机构人士指出，在利率持续走低的背景下，REITs的稳定分红优势 尤为突出，成为险资对抗"资产荒"的重要工具。 多只消费类REITs营收增长领先 据Wind数据统计，在所有披露的54只REITs基金中，今年一季度共有15只公募REITs产品营业收入超1亿元。 其中，平安宁波交投REIT收入5.17亿元，遥遥领先于其他产品；国泰君安济南能源供热REIT收入3.77亿元，中 信建投国家电投新能源REIT、鹏华深圳能源REIT、中金安徽交控REIT三只产品收入均超2亿元，一季度内， 共有15只REITs产品收入过亿元。 从营业收入的同比数据来看，共有32只可比基金。今年一季度营收增长最高的四只产品包括了华夏华润商业 REIT、华夏金茂商业REIT、嘉实物美消费REIT和华 ...