老街区更新，杨家圈 "出圈" 打造"大德之州·好运之河"大运河文化旅游新名片 "大碗茶、大碗茶，清香爽口又解渴……"一声声的市井吆喝，唤醒了德州市德城区杨家圈的烟火。 杨家圈文化街区5月1日正式"开街"，并凭实力"出圈"，仅"五一"假期，就吸引游客超4万人次。该街区 以"慢享CITY＋，潮趣运河生活节"为主题，聚焦非遗手造体验、快闪舞蹈表演、怀旧情景剧展演、味 觉与艺术盛宴等亮点，开展了汉服妆造花神街区巡游、COSPLAY艺术青年街区巡游、运河主题画展、 铜人行为艺术表演等活动，让市民和游客在传统与潮流的碰撞中感受运河文化。 于霏是这个街区首批进驻商户，是非遗木偶剧场负责人。"五一"期间，木偶剧场演出场场爆满。近 期，她还盘算着让融入科技的现代木偶剧进社区、进学校。"德州不是旅游城市，如果想要吸引客流 量，打造这样本身具备文化底蕴的街区是很好的选择，这里可以作为商品文化的展示窗口来带动流 量。"于霏说。 "后期，每周末都会推出特色主题活动，预计6月份还会开设美食一条街，让游客在体验非遗之余大 饱口福。"德州德润建设开发有限公司运营经理张艳红说，为将"流量"转化为"留量"，街区还特别规划 了典藏文化艺术区，吸引 ...

Core Viewpoint - China is accelerating the construction of a new development pattern, gradually forming a "consumer society" model that is shared by all, emphasizing consumer-driven growth through continuous consumption upgrades [1][8]. Group 1: Consumer Demand and Supply - Consumer demand is inherently linked to individual choices and purchasing power, which is related to sustainable income levels. Short-term stimulus policies may temporarily improve purchasing power but do not lead to lasting improvements [2][3]. - The shift in consumption structure indicates that residents are moving from a focus on goods to a balanced consumption of goods and services, with service consumption projected to reach 46.1% of per capita consumption expenditure by 2024 [4][8]. Group 2: Government Role and Economic Policy - The government can enhance consumer choice by improving the institutional environment and optimizing the supply of goods and services. Employment-focused macro policies can stabilize income and expectations, which are crucial for consumer confidence [3][5]. - Economic policies should shift towards supply-side strategies, reducing macro tax burdens and investing more resources in human capital to stabilize consumption and achieve consumption upgrades [3][6]. Group 3: Investment in Human Capital - Social investment is essential for enhancing human capital, which is increasingly important as China transitions to a high-quality development phase. Investment in education, healthcare, and community services will be vital for fostering new consumption patterns [7][8]. - The focus on improving labor quality through continuous training and education will help expand the middle-income group, laying the foundation for a consumption-driven society [7][8].

"十五五"规划作为我国迈向2035年基本实现现代化的重要衔接规划，其出台对于指导未来五年乃至更长时间的经济社会发展具有重要意义。新时期，"十 五五"规划将面临世界经济急剧变化、规则剧变、战略定位与实际执行反差等挑战，国家发改委及地方相关机构已启动了前期研究工作，以确保地方规划 能够准确把握时代脉搏，推动经济社会的高质量发展。 文旅五年规划历史脉络 早期阶段 资源整合与基础设施建设(2000 年以前) 在20世纪末，文化和旅游产业的发展主要集中在基础设施的建设和资源整合阶段。政府通过兴建景区、提升文化设施，逐步将旅游资源和文化资源进行整 合，推动了旅游业和文化产业的初步融合。 2000-2010年 文化和旅游相互渗透旅游业在这段时间迎来了快速增长，国家提出了"旅游强国"的战略目标，促进了旅游资源的开发。2000年后，文化产业逐渐被纳入国 家的战略规划,《文化产业振兴规划》颁布，文化产业与经济发展更紧密结合。 2011-2015年 文化旅游的深度融合 十二五规划:文化产业被列为国民经济支柱产业，文化与旅游的结合进一步深化。旅游开始转向多元化和定制化，文化元素被注入到旅游资源中，例如文 化节庆、非遗旅游、乡村文化体 ...

证券代码：002717.SZ 证券简称：ST 岭南 向不特定对象发行可转换公司债券 债券受托管理人 二〇二五年五月 重要声明 本报告依据《可转换公司债券管理办法》《岭南生态文旅股份有限公司与广 发证券股份有限公司关于岭南生态文旅股份有限公司 2018 年公开发行的可转换 公司债券之受托管理协议》（以下简称"受托管理协议"）《岭南生态文旅股份 有限公司公开发行可转换公司债券募集说明书》（以下简称"募集说明书"）等 相关公开信息披露文件、第三方中介机构出具的专业意见等，由债券受托管理 人广发证券股份有限公司（以下简称"广发证券"）编制。广发证券对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内 容和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜做出独立判断，而不应将本报告中的任何内容据以作为广发证券所作的 承诺或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为， 广发证券不承担任何责任。 债券代码：128044.SZ 转债简称：岭南转债 岭南生态文旅股份有限公司 风险提示 一、"岭南转债"无 ...

Core Viewpoint - Yichang's GDP is projected to grow by 6.5% in 2024, surpassing 600 billion yuan for the first time, marking a significant economic milestone for the city [1][3] Group 1: Economic Growth and Development Strategies - Yichang has successfully transitioned from a traditional industrial city to a leading economic hub in Hubei province through strategic government initiatives and market interactions [3][4] - The "Four Major" promotion mechanism has been implemented to drive high-quality development, focusing on major strategies, industries, projects, and activities [4][6] - The city has adopted a "3+2" leading industry system, emphasizing modern chemical new materials, life health and food, and new energy and high-end equipment, while also developing big data and cultural tourism [6][7] Group 2: Infrastructure and Transportation - Yichang is enhancing its transportation infrastructure as part of the "Hub Empowerment" strategy, which includes the construction of high-speed rail and bridges to improve connectivity [10][13] - The city is expected to see a 18% increase in transportation fixed asset investment in 2024, with over 40% allocated to high-speed rail projects [11] - Yichang Port achieved a throughput of 149 million tons in 2024, ranking first in Hubei province, indicating significant improvements in water transport capabilities [11] Group 3: Industrial Transformation and Innovation - The city is focusing on integrating its chemical industry with new energy battery materials and high-end equipment manufacturing, creating a comprehensive industrial chain [7][9] - Yichang's approach to industrial upgrading is based on leveraging existing resources and enhancing traditional advantages rather than starting anew [6][9] - The "Five Ones" industrial chain招商 mechanism promotes collaboration between government and enterprises, enhancing the city's manufacturing capabilities and global reach [7][9]

文/申万宏源证券研究所首席经济学家 杨成长 在需求端，要以"两稳"为基础，提升居民消费能力和消费意愿 近年来，我国持续提高居民收入、完善社会保障，推动消费需求潜力不断释放。但居民收入结构的调整 是一个长期过程，社会保障体系的健全和完善也难以一蹴而就。若按照三口之家年收入在10万元至50万 元之间作为中等收入群体的界定标准，当前我国已形成超过4亿多人的中等收入群体。对于中等收入群 体来说，股市及楼市等财产性收入是影响消费的重要因素。当前提振居民消费意愿的基础是要切实实现 稳楼市、稳股市，通过"两稳"来尽快稳定居民财产性收入预期，推进居民家庭资产负债表修复。在股市 方面，要发挥好资本市场内生稳定机制，持续吸引中长期资金入市，完善上市公司质量提升和退市常态 化机制，让市场在合理波动中逐步上行。在楼市方面，要加快构建"市场+保障"的房地产发展新模式， 在收购存量商品房方面给予地方政府更大自主权，推动库存合理消化，稳定市场预期。 在供给端，要顺应经济新形态的变化，加大优质商品消费、服务消费的供给 当前我国已逐步形成实物经济、服务经济、数字经济三大形态并存的发展格局，且服务经济、数字经济 形态占比持续提升。伴随经济形态转 ...

由单一"传统化工"升级为"3+2"现代主导产业体系 水往低处流，人往高处走。近日，有着"三峡门户"之称的湖北宜昌市披露的一组数据显示，截至2024年 底，该市人才总量已达到86.2万人，城区新集聚人才超8万人。 与人才数量持续增长相对应的是，2024年，宜昌经济总量首次突破6000亿元，达到6191亿元，四年连跨 两个千亿台阶，并由此成为"中部非省会第一城"。 近年来，在构建"双循环"新发展格局与长江经济带战略纵深推进的大背景下，作为长江中上游区域性中 心城市、湖北省域副中心城市的宜昌，深入实施"双碳引领、枢纽赋能、强产兴城"发展战略，加快建 设"长江大保护典范城市"，走出了一条"聚人气、强动能、提能级"的具有自身特色的高质量发展之路。 在不确定性因素增加、城市竞争日趋激烈的今天，宜昌的持续发展进位，到底是如何实现的？背后又蕴 藏着怎样的独有密码？ 产业是城市发展的基石。产业强，则城市兴。梳理宜昌近年来的发展历程，可以发现，产业动能的更新 换代和持续壮大，可谓是其成功"逆袭"最为关键的因素之一。 01 在过去很长时间里，依托长江水运交通、水资源及矿产资源优势，化工产业一直是宜昌的支柱和优势产 业，在整个工业化 ...

Group 1 - The meeting emphasized the importance of artificial intelligence development in China, highlighting the strategic significance and key tasks outlined by President Xi Jinping [2] - Central enterprises are encouraged to focus on national strategies and cutting-edge developments, enhancing their role as key providers of intelligent computing infrastructure and application leaders [2] - There is a strong push for central enterprises to improve their foundational large model performance and capabilities, while integrating AI into critical research and production scenarios [2] Group 2 - The meeting underscored the need to enhance the quality of the workforce and improve the welfare of workers, aligning with the fundamental principle of relying on the working class [3] - It called for reforms in the industrial workforce, aiming to build a knowledgeable, skilled, and innovative labor force [3] - The importance of integrating union work into the overall party-building framework was highlighted, ensuring that major issues in union work are addressed promptly [3] Group 3 - The meeting stressed the need for improved policies and resource coordination to create a new landscape for military-civilian integration [4] - It emphasized the importance of implementing veteran employment policies and enhancing job matching and utilization rates [4] - The meeting called for a focus on safety production responsibilities, urging central enterprises in key industries to conduct thorough risk assessments and improve emergency preparedness [4]

Group 1 - The article highlights the integration of sports events and cultural tourism in Henan, particularly during the May Day holiday, showcasing a vibrant atmosphere for public engagement in fitness activities [3][4][6] - The 2025 National Youth Badminton Tournament in Xinxiang and the Xuanyuan Dragon Boat Race in Luohe are examples of successful sports events that attract participants and their families, boosting local tourism and hospitality sectors [4][8] - The "All People Fitness Month" initiative in Henan aims to promote widespread participation in sports, with over 295 events planned and more than 120,000 participants expected during the holiday period [8][10] Group 2 - The article discusses the development of public sports services in Henan, noting the establishment of 66 sports parks and over 40,000 new sports venues since the start of the 14th Five-Year Plan [10] - The increase in free or low-cost public sports facilities is emphasized as a key factor in encouraging community participation in fitness activities, with 129 venues open during the May Day holiday [10][11] - The government's commitment to enhancing sports infrastructure is reflected in the inclusion of increasing the supply of free or low-cost sports venues as a priority in the 2025 key livelihood projects [10][11]

Core Viewpoint - The "Walk in China: Discover Wuhan" media event aims to promote cultural exchange and cooperation among countries, highlighting Wuhan's blend of technological innovation and historical heritage [1][2]. Group 1: Event Overview - The event was launched on May 7, featuring a performance by Chinese talent and participation from foreign diplomats and media from countries such as Vietnam, Laos, Nepal, Indonesia, and Turkey [1]. - The initiative is organized by the Wuhan Municipal Publicity Department and the Central Radio and Television Station's Asia-Africa Center, marking the first stop of the "Walk in China" series [1]. Group 2: Diplomatic Engagement - Diplomats expressed intentions to strengthen cooperation, with Vietnam's ambassador noting Wuhan's cultural significance and its appeal as a tourist destination for Vietnamese and global visitors [1][2]. - Nepal's ambassador highlighted Wuhan as a model of sustainable development and innovation, emphasizing the city's rapid transformation and high-quality growth [2]. Group 3: Cultural and Economic Exchange - The Indonesian deputy ambassador mentioned potential collaboration in the electric vehicle sector, leveraging Wuhan's manufacturing base and Indonesia's strategic resources [2]. - The media team visited various cultural and historical sites in Wuhan, including the Yellow Crane Tower, which sparked reflections on cultural ties and the importance of cultural exchange [2][3].