Market Overview - The Shanghai and Shenzhen stock markets opened lower on June 19, with significant declines observed by midday, particularly in the Shenzhen Component Index and the ChiNext Index [1] - The Shanghai Composite Index closed at 3359.78 points, down 0.86%, with a trading volume of approximately 291.3 billion yuan; the Shenzhen Component Index closed at 10072.42 points, down 1.01%, with a trading volume of about 496.5 billion yuan [1] Sector Performance - Initial gains were noted in sectors such as cross-border payments and AI, while nuclear pollution prevention and brain engineering sectors faced early declines [1] - Energy metals, batteries, PCB concepts, semiconductors, and humanoid robots saw significant intraday increases but experienced pullbacks as indices declined [1] - Notable adjustments were observed in sectors like controllable nuclear fusion, nuclear pollution prevention, superconducting concepts, marine economy, and weight-loss drugs [1] Institutional Insights - Huatai Securities indicated that the Lujiazui Financial Forum has limited short-term market impact but is beneficial for long-term financial reform and capital market improvement, with potential beneficiaries including large finance, digital economy/payment, and technology sectors [2] - CITIC Securities noted that historical oil crises have been linked to Middle Eastern conflicts, with a diminishing long-term impact on global oil prices; they also highlighted the potential for U.S. economic recession if oil prices rise significantly due to conflict [2] Industry Developments - CITIC Jiantou reported a rapid increase in demand for computing power driven by AI advancements, with a focus on domestic semiconductor production, particularly in advanced processes, packaging, and storage [3] - Beijing's government is encouraging social capital to establish investment funds for the ice and snow industry, aiming to stimulate economic activity through financial support and tax incentives [4] - Dalian City has introduced eight measures to promote a healthy real estate market, including increased loan limits for recent graduates and key talent in the region [5]

Core Viewpoint - The article highlights the rapid development of the ice and snow industry in the Yangtze River Delta, driven by significant investments and government support, positioning the region as a key player in the multi-trillion yuan ice and snow economy [1][4]. Investment and Project Development - The Taicang Alps International Resort Phase II project has commenced with an investment of approximately 5 billion yuan, following the 1.4 billion yuan investment in the Hangzhou Hot Snow Miracle Indoor Ski Resort in May [1][2]. - The Shanghai Yao Snow Ice World project, with a total investment of nearly 7 billion yuan, is set to officially open in September 2024 [1]. - The Taicang Alps International Resort has received over 1 million visitors since its opening in October 2023, with a peak daily visitor count of 4,500 [2][3]. Policy Support and Economic Potential - The 2025 Government Work Report emphasizes the active development of ice and snow sports and the ice and snow economy, indicating a phase of accelerated growth for the industry [1]. - The State Council's guidelines project the ice and snow economy to reach a total scale of 1.2 trillion yuan by 2027 and 1.5 trillion yuan by 2030 [4][5]. Regional Development and Market Dynamics - The Yangtze River Delta is experiencing a surge in participation in ice and snow sports, with over 4 million participants in Shanghai alone in 2024, and Zhejiang ranking sixth nationally with 1.27 million participants [5]. - Local governments are actively promoting ice and snow tourism destinations, with plans to support the establishment of national-level ski resorts [5]. Competitive Landscape and Unique Offerings - The Taicang Alps International Resort Phase II aims to create several "world firsts" in indoor skiing, catering to diverse needs from casual skiers to professional athletes [6]. - The CEO of Fosun Tourism Group emphasizes the importance of integrating high-quality snow facilities with leisure and entertainment options to attract a broader audience [6].

Group 1 - The core viewpoint is that the ice and snow economy in Harbin New Area is rapidly developing, becoming a new driving force for high-quality development and a new link for opening up to the outside world, especially after the successful hosting of the 9th Asian Winter Games [1] - The focus is on identifying comparative advantages and cultivating new development momentum by creating distinctive ice and snow brands and enhancing service quality through data monitoring and management systems [1] - There is an emphasis on expanding the market entities of the ice and snow industry by following market rules and leveraging resource endowments to strengthen the entire ice and snow industry [1] Group 2 - The strategy includes deepening the integration of business formats to create new consumption scenarios by breaking traditional boundaries and fostering diverse consumer demands through technology empowerment and cross-industry integration [2] - The plan is to extend the "ice and snow+" industry chain by promoting ice and snow events in various locations and integrating ice and snow resources with local culture to enrich the cultural connotation of the ice and snow economy [2] - The exploration of new models such as "ice and snow + technology," "ice and snow + education," and "ice and snow + night economy" aims to drive related industries and enhance the overall consumer experience [2] Group 3 - There is a call for increased collaboration in the ice and snow industry to avoid homogenized competition and to jointly prosper the ice and snow consumption market through regional cooperation and coordination of the industry chain and supply chain [3] - The initiative includes actively promoting cooperation with countries like the USA, Russia, Japan, and South Korea, and hosting high-level international events to learn from mature development experiences in ice and snow [3] - The establishment of a cooperative platform for the ice and snow industry in Northeast China is crucial for addressing major issues in regional collaboration and creating a world-class ice and snow tourism destination cluster [3]

Group 1 - The A-share ice and snow industry continues to rise, with companies like Ice Mountain Cold and Yuanlong Yatu both hitting the daily limit up [1] - Xue Ren Co. has seen an increase of over 7%, indicating strong market interest [1] - Other companies such as Shuhua Sports, Zhongti Industry, and Yingpais are also experiencing upward movement in their stock prices [1]

Core Viewpoint - The Heilongjiang Provincial Employment Promotion and Labor Protection Working Group has issued a plan to enhance employment support, focusing on key groups such as college graduates, impoverished populations, migrant workers, veterans, and people with disabilities, through three main initiatives: employment support, stabilization and expansion of job positions, and entrepreneurship promotion [1]. Group 1: Employment Support Plan - The plan aims to tap into the employment potential of advanced manufacturing and other new productive forces by implementing a new round of ten key industry growth strategies [2]. - It seeks to transform new consumption hotspots into new employment channels, promoting the development of the ice and snow industry and related tourism [2]. - The plan emphasizes the importance of major engineering projects to increase employment opportunities, leveraging national policies for infrastructure development [2]. - It focuses on enhancing essential public services to promote employment, including the development of elderly care services and healthcare infrastructure [2]. - The plan aims to expand service opportunities for laborers in urban and rural areas by creating community-based job positions and supporting legal aid volunteer services [2]. Group 2: Stabilizing Job Positions for Enterprises - The plan encourages state-owned enterprises to lead in job absorption and stabilize recruitment scales while providing support for private enterprises [4]. - It includes measures to reduce burdens on businesses, such as lowering unemployment insurance rates and improving access to financial support for small and medium-sized enterprises [4]. - The plan promotes timely implementation of tax incentives and employment subsidies to encourage employers to hire more workers [4]. - It emphasizes improving employment services by enhancing job posting systems and establishing local employment service stations [4]. - The plan advocates for large-scale vocational skills training to align with industry needs and promote a comprehensive training model [4]. Group 3: Entrepreneurship Promotion Plan - The plan promotes the "Chuangxiang Longjiang" initiative, which aims to create a supportive ecosystem for entrepreneurship through training, services, and incubation [7]. - It seeks to streamline the entrepreneurial process by enhancing inter-departmental collaboration and providing integrated services for entrepreneurs [7]. - The plan focuses on improving the quality of incubation services and ensuring that local governments provide support for key groups in entrepreneurship [7]. - It aims to facilitate entrepreneurship financing by implementing favorable policies and optimizing loan processes for startups [7].

实施职务科技成果赋权，培育装备制造、教育医疗、文化旅游等人工智能应用场景，推动职业教育 专业布局对辽宁产业体系全覆盖……近日，从省委改革办了解到，今年，我省聚焦制约高质量发展的堵 点问题、影响社会公平正义的热点问题、民生方面的难点问题等，谋划部署130余项改革任务，重点推 进24项标志性改革。 在发展壮大新质生产力方面，实施"人工智能+"行动，制定人工智能创新发展支持计划，加快建设 人工智能公共算力开放创新平台，培育装备制造、教育医疗、文化旅游等人工智能应用场景。建设辽宁 数据要素综合试验区，探索完善数据流通交易权责确认竞争行为、纠纷调解等数据责任界定和利益保护 机制。建设沈阳国家级数据标注基地，推进大连数据基础设施（先行先试）隐私保护计算试点建设。制 定低空经济产业扶持政策，打造研发制造、低空飞行、综合服务融合发展的产业生态。 关于基层治理，我省将推广"街乡吹哨、部门报到""接诉即办"等模式，完善"12345热线+网格化"工 作机制，加强以县级为重点的综治中心建设，深化矛盾纠纷排查化解机制，实现公共服务领域升级扩 面。 在民生领域，我省将积极建立支持银发经济发展机制，探索布局银发经济产业园区，出台老年用 品 ...

Core Viewpoint - The "Longjiang Tour" event organized by the China Council for the Promotion of International Trade in Harbin, Heilongjiang Province, highlights the strong confidence of foreign enterprises in China's market prospects and the robust momentum of China's high-quality economic development [1][5]. Group 1: Investment and Economic Development - Foreign enterprises from countries such as Japan, the United States, and France participated in discussions on cooperation and development opportunities in various sectors, including renewable energy, biomanufacturing, and modern agriculture [1]. - Nestlé, as one of the earliest foreign investors in China, has invested 20.3 billion yuan in the region, impacting 33,000 dairy farmers, and plans to accelerate local investment [1]. - CNH Industrial has invested over 1 billion yuan in Heilongjiang over the past decade, establishing an R&D center and smart manufacturing base, with plans for further investment in high-performance agricultural equipment [2]. Group 2: Sector-Specific Opportunities - The agricultural resources of Heilongjiang align well with biotechnological potential, with companies like Novozymes planning to collaborate with local enterprises to enhance crop resilience and develop green feed additives [3]. - The ice and snow economy is emerging as a new competitive sector, with Harbin aiming to attract 90.4 million tourists during the 2024-2025 ice and snow season, generating 137.2 billion yuan in revenue, reflecting a year-on-year growth of 9.7% and 16.6% respectively [3]. - Berkshire Hathaway plans to focus on four key areas for collaboration, including renewable energy, digital economy, industrial chain development, and cultural tourism, leveraging Heilongjiang's resources [4]. Group 3: Confidence in Local Industry - The "Longjiang Tour" serves as a bridge for foreign enterprises to integrate deeply with local economies, showcasing advanced manufacturing capabilities in companies like CNH Industrial and Yihai Kerry [5]. - The event has reinforced the investment confidence of foreign companies, with some considering Heilongjiang for new factory locations in sectors like electrical equipment and energy technology [5]. - The China Council for the Promotion of International Trade emphasizes that investing in China represents investing in the future, highlighting the ongoing opportunities for foreign businesses in the region [5].

Core Viewpoint - The 2025 International Winter Sports Expo will be held in Beijing in October, focusing on promoting international cooperation and showcasing the latest achievements in the ice and snow industry [1][2]. Group 1: Event Details - The expo will feature participation from ice and snow powerhouses such as Austria, Japan, and Germany, with an expected international participation rate exceeding 60% [2]. - Various activities will be organized, including ice and snow resource procurement matchmaking, industry matchmaking, and special promotion meetings [2]. - The expo will continue to release the China Ice and Snow Industry Research Report, which has been a significant resource since its inception in 2016 [2]. Group 2: Local Government Involvement - The Shijingshan District of Beijing aims to deepen cooperation with the expo to promote the development of the ice and snow industry, enhance investment attraction, and improve ice and snow facilities [3]. - Since its first event in 2016, the expo has attracted participation from over 30 countries and regions, with an international participation rate of 68% [3].

第九届亚洲冬季运动会在哈尔滨成功举办，一场场精彩比赛不但点燃了冰雪运动的热情，也更好展示出 冰雪经济的发展前景。"冰天雪地也是金山银山"。中央经济工作会议提出积极发展冰雪经济；今年的 《政府工作报告》对积极发展冰雪运动和冰雪经济提出要求。冰雪经济不仅是我国消费升级的必然产 物，而且成为经济高质量发展的新动能。 冰雪经济是以冰雪资源为核心，融合旅游、运动、装备制造、文化创意等多元业态的综合经济体系。冰 雪经济具有产业链条长、导流效应大、社会效益高的特点，能够通过产业链延伸，激活装备制造、数字 服务等关联产业，在推动增长、调整结构、促进城乡融合等方面有效发挥作用。《中国冰雪产业发展研 究报告（2024）》显示，我国冰雪产业规模从2015年的2700亿元增长至2024年的9700亿元，预计2025年 将突破万亿元大关。各地的发展实践也体现出冰雪经济的广阔前景。在吉林省，2023年至2024年冰雪季 接待游客1.25亿人次，同比增长121％；旅游收入2419亿元，同比增长140％。在黑龙江省，2024年至 2025年冰雪季，亚布力滑雪旅游度假区接待游客121万人次，同比增长10%。南方地区一些省份也看到 了冰雪经济的 ...

Core Viewpoint - The fifth China International Consumer Products Expo is being held in Hainan from April 13 to 18, showcasing over 50 quality enterprises from Heilongjiang Province under the theme "Green Heilongjiang, Charming Ice and Snow, Shared Future" [1][6]. Group 1: Exhibition Highlights - Heilongjiang's exhibition area features a 200 square meter booth in Hall 8, showcasing "Black Soil Quality Products," intangible cultural heritage crafts, ice and snow tourism, and Sino-Russian specialty goods [1][3]. - The exhibition emphasizes four main themes: "Green, Ecological, Innovative, and Open," with specific sections for local products, cultural heritage, Sino-Russian trade, and the ice and snow economy [3][6]. Group 2: Activities and Engagement - During the expo, Heilongjiang will host the "Global Tour of Heilongjiang Good Products (Haikou Station)" for production and sales matching, along with a promotional meeting for the "Double Purchase and Double Sale" initiative [6]. - The expo has attracted over 4,100 brands from 71 countries and regions, including 65 Fortune 500 companies, marking an increase from the previous year [6]. Group 3: Economic Impact - The event serves as a significant platform for showcasing Heilongjiang's industrial upgrades and expanding international cooperation, aiming to present the province's diverse charm and create new opportunities for global business collaboration [6].