Group 1 - The company plans to globally offer 36.10 million shares, with 3.61 million shares available in Hong Kong and 32.49 million shares for international sale, along with an over-allotment option of 5.415 million shares [1] - The subscription period is from December 12 to December 17, with a maximum offer price of HKD 4.10 per share and an entry fee of approximately HKD 4,141.35 for a board lot of 1,000 shares [1] - The total expected fundraising amount is HKD 137 million, with a net amount of HKD 110 million, which will be used for various development projects and operational enhancements [1] Group 2 - The company's main business includes performance operations, event management, cultural and artistic exchanges, ticketing services, and tourism development [2] - The projected net profits for the fiscal years 2023, 2024, and the first half of 2025 are HKD 47.504 million, HKD 42.859 million, and HKD 10.226 million, reflecting year-on-year changes of 1,927.78%, -9.78%, and -19.35% respectively [2]

Group 1 - The company plans to globally offer 36.10 million shares, with 3.61 million shares available in Hong Kong and 32.49 million shares for international sale, along with an over-allotment option of 5.415 million shares [1] - The subscription period is set from December 12 to December 17, with a maximum offer price of HKD 4.10 per share, and the entry fee is approximately HKD 4,141.35 for a board lot of 1,000 shares [1] - The total expected fundraising amount is HKD 137 million, with a net amount of HKD 110 million, which will be used for various development projects and operational enhancements [1] Group 2 - The company's main business includes performance operations, event management, cultural and artistic exchanges, ticketing services, and tourism development [2] - The net profit for the fiscal years 2023, 2024, and the first half of 2025 is projected to be HKD 47.504 million, HKD 42.859 million, and HKD 10.226 million, reflecting year-on-year changes of 1,927.78%, -9.78%, and -19.35% respectively [2]

国泰海通：市场有望迎来政策、流动性、基本面的共振期 A股三大股指开盘涨跌不一，沪指跌0.1%，创业板指涨0.29%。盘面上，贵金属板块活跃，招金黄金涨 近3%；光伏、零售等板块跌幅居前。 机构看后市 招商证券：中央经济工作会议之后大盘风格往往相对占优 招商证券认为，中央经济工作会议整体延续重要会议相对积极的表态。从过往市场表现经验来看，会后 7天大盘风格往往相对占优。尤其是近5年来看，4次均是大盘风格相对占优。分行业来看，石油石化、 通信、电子等行业在会后7日上涨概率更高。从平均超额收益水平来看，近5年，社会服务、公用事业、 煤炭、传媒这五个行业平均超额水平相对更高。 从历史经验来看，中央经济工作会议提到的重点产业往往会成为第二年经济工作的重点，政策往往会加 大支持力度，需要重点关注，比如23年的低空经济和24年的整治内卷。 国泰海通认为，市场有望在12-2月迎来政策、流动性、基本面的共振期，组合增加进攻性。看好：1)科 技成长。AI模型进展加快，应用加快推进，国内算力基础设施短缺。推荐：港股互联网/传媒/计算机/算 力，以及制造业出海：电力设备/机械设备。2)大金融：资本市场改革纵深有望重振风偏，银行中期分 ...

海南日报全媒体记者 王程龙 摄 据统计，今年前11月，三亚接待游客3260.58万人次，同比增长6.46%，游客总花费921.03亿元，同比增 长8.8%，其中入境游客92.46万人次，同比增长42.92%，入境游客总花费8.11亿美元，同比增长67.11%。 12月10日，外籍旅客在三亚中央商务区三亚湾壹号购买日用品。 ...

【环球时报驻日本特约记者 王军】11月以来，日本多地都感受到了入境游市场微妙的紧张氛围，来自 中国的游客正在明显减少。这一变化的起点，是日本首相高市早苗在国会发表涉台错误言论，政策层面 的震荡，很快传导到最敏感的行业——旅游业。 市场研究机构China Trading Desk指出，今冬明春赴大阪的中国游客预订量下降了55%至65%，其中，关 西国际机场的取消量居日本全国之首。日本综合研究所估算，如果局势持续到明年，日本可能面临1.2 万亿日元（100日元约合4.5元人民币）的经济损失。 在宏观的数字之下，是各家旅游业实体所遭受的实在冲击。在京都，一家以中国自由行游客为主要客户 群的和服租赁店表示，进入12月后，月营业额已经减少约300万日元。店主表示，以往中国游客占比大 约一半，如今数量却骤降，销售额受到严重打击。 旅游业对政治信号高度敏感，一旦出现负面预期，游客就会迅速做出选择，而中小企业往往展现出较低 的抵御外部冲击的韧性。在大阪，一家深受外国游客喜爱的饭团店前，24名排队的外国客人中，没有一 个来自中国大陆。店家表示，过去中国游客大约占两成，现在却几乎没有了。 《环球时报》特约记者也观察到，在横滨，港 ...

Group 1 - Slovenia invites travelers to explore its cultural milestones and outdoor adventures in 2026, emphasizing a year of deep slow travel experiences [1] - The Škofja Loka Passion Play, recognized by UNESCO, will be performed from March 21 to April 19, 2026, featuring over a thousand local residents [1] - A new cultural landmark, Muzej Lah, designed by David Chipperfield Architects, will open in Bled in summer 2026, showcasing the connection between the Alps and contemporary art [1] Group 2 - Ptuj, recognized as the "2026 European Best Cultural Heritage Town," features Roman relics and the UNESCO-listed Kurentovanje festival, enhancing its historical atmosphere [2] - The European Road Cycling Championships will take place in Ljubljana from October 3 to 7, 2026, promoting Slovenia's world-class cycling routes [2] - A wave of new hotel openings, including NaturHotel Snovik and Slovenia's first family-friendly hotel, will enrich the boutique hotel landscape [2] Group 3 - Slovenia has introduced a digital nomad visa, facilitating a balance between work and travel amidst its natural beauty [3] - The year 2026 promises to inspire journalists and tourists seeking authentic European stories that blend tradition, innovation, and sustainability [3]

Core Insights - The article highlights the anticipated surge in cross-border travel, particularly to South Korea, driven by favorable policies such as the full online processing of exit and entry documents and temporary visa exemptions for Chinese tourists [1][12]. Group 1: Cross-Border Travel Trends - Search interest for keywords related to "New Year" and "cross-border travel" has increased by over 280% in the past month [1]. - Hotel bookings in South Korea have seen a year-on-year increase of over 240% as of December 1 [1]. - The number of users redeeming "cross-border consumption discounts" on Alipay has surged, with a 69% week-on-week increase in the first week of December, and a 129% increase in regions like South Korea [1]. Group 2: Payment Facilitation in South Korea - Alipay+ has integrated with 21 electronic wallets and banking apps in South Korea, covering over 200,000 merchants, primarily small and medium-sized businesses [2]. - Approximately 80% of inbound tourists in South Korea used Alipay+ affiliated wallets for payments in the first 11 months of the year, with a 15% year-on-year increase in transaction volume for Alipay users [2][3]. - The most significant growth in transactions was observed in Jeju Island, with a year-on-year increase of 53% [2]. Group 3: Consumer Behavior and Marketing Strategies - The health and beauty sector has seen a 90% increase in transaction volume on Alipay, with payment amounts soaring by 123% [6]. - Local businesses are actively using Alipay to attract Chinese customers, with promotions and discounts being offered through the platform [2][3][6]. - The integration of Alipay+ into public transportation systems has enhanced the travel experience for Chinese tourists, allowing for seamless payments across various transport modes [6]. Group 4: Broader Implications for Tourism and Retail - The article notes that the convenience of cross-border payments is boosting consumer willingness to spend, benefiting local small businesses [7]. - The "outbound travel smart assistant" feature on Alipay allows users to customize travel plans and book services easily, enhancing the overall travel experience [9]. - Alipay+ is expanding its reach, having partnered with 40 electronic wallets across the Asia-Pacific region, facilitating a global network for merchants and consumers [13].

"自2023年9月29日正式投入运营以来，服务区接待活动团队360余团次、1万余人次，利用观景台红色步 道扫码收听长征故事、红色文化展馆免费讲解等方式接受红色文化教育34万余人次，实现了经济效益与 社会效益的'双丰收'。"渝筑高速"长征国家文化公园·大娄山服务区"经理杨智玲8日告诉记者。 大娄山服务区位于贵州省桐梓县境内，是由重庆进入贵州的第一个服务区，也是贵州高速公路展示长征 文化的重要窗口，浓缩了遵义会议、娄山关战役等红色文化元素，是集休闲旅游服务、红色文化体验、 特色商业为一体的新型服务区。 "我们还将野奢营地与周边村寨串联规划了徒步路线，为村寨引流年均超3万人次，直接带动乡村餐饮、 民宿、农产品零售等相关产业发展，实现了旅游收益的全域共享，让服务区的运营发展成果真正惠及周 边民众。"刘运琴说。 在遵义市正安县，道安高速正安服务区依托正安县"中国吉他之都"美誉和高速"路游憩"服务品牌，通过 打造音乐主题设施、营造音乐氛围，让司乘人员直观感受地方文化魅力，使服务区成为展示正安吉他文 化的"窗口"。 正安服务区相关负责人介绍，该服务区还联合正安县芙蓉江镇打造了"乡村振兴服务站"，集中推广正安 白茶、香肠腊肉 ...

Core Insights - The official launch of the Hainan Free Trade Port will occur on December 18, 2025, marking a significant milestone in China's economic strategy [1][2]. Policy Benefits - Tax Policy: The number of zero-tariff items will expand from 1,900 to 6,600, increasing the proportion to 74%. Corporate income tax will be reduced to 15%, and goods with over 30% added value will be exempt from tariffs when sold to the mainland [2]. - Trade Facilitation: A regulatory model of "one line open, one line controlled" will be implemented, allowing for the free flow of goods, capital, and personnel, with customs efficiency expected to improve by over 40% [2]. - Financial Opening: The cross-border asset management pilot will expand to 10 billion yuan, with QFLP/QDLP pilots launched to attract global capital [2]. Investment Opportunities - **Shennong Seed Industry**: Positioned as a leader in seed technology, expected to benefit from the modern seed industry cluster in Yajiao Bay, with projected revenue exceeding 20 billion yuan by 2027 [4]. - **Kangzhi Pharmaceutical**: Aimed at leveraging the three-child policy and flu season, with anticipated performance exceeding expectations in Q4 2025 [5]. - **Xinlong Holdings**: Transitioning to cross-border business in non-woven fabrics, benefiting from Hainan's Free Trade Port policies [6]. - **Luoniushan**: Focused on agricultural industrialization and land value appreciation, with significant potential from the horse racing industry policy in 2025 [9]. - **Hainan Development**: A dual beneficiary of infrastructure and photovoltaic sectors, with a notable increase in northbound capital holdings [10]. - **Haima Automobile**: Leading in the hydrogen energy industry, with a new MPV model set to launch in Thailand in Q4 2025, benefiting from RCEP tariff reductions [11]. - **Jingliang Holdings**: A pioneer in tropical agriculture and cross-border trade, launching a series of Hainan specialty food products in Q4 2025 [12]. - **Haide Co., Ltd.**: The only financial stock in Hainan, with significant growth potential in cross-border asset management [13]. - **Hainan Highway**: Valued for its infrastructure and land reserves, with a projected increase in commercial real estate occupancy rates [14]. - **Hainan Ruize**: A leader in green building materials, with confirmed participation in major infrastructure projects [15]. - **Haixia Co., Ltd.**: Dominating logistics in the Qiongzhou Strait, with plans to enhance cross-border trade flow through a new "green channel" [17][20]. - **Caesar Travel**: Positioned to lead in high-end tourism and cruise economies, with expected explosive growth post-border closure [18].

由世界健身气功八段锦、易筋经冠军王军老师带领湖北人形机器人创新中心机器人共同带来的新创节目《人机共"武"》惊艳四座，让 现场观众一同感受到中国"光芯屏端网"之城和人形机器人的科技魅力，为中泰人文交流注入更多创新活力。 e e 。 出身的言 0 HECHOT 12月10日，游学中国（湖北）启动仪式暨"知音湖北"泰国形象体验店运营发布会在湖北人形机器人创新中心成功举行。来自泰国朱拉 隆功大学、吞武里先皇科技大学、法政大学、兰甘亨大学等十余所知名高校的30余名高校学生代表，与中泰双方政府、文旅、教育界嘉宾 齐聚一堂，共同见证深化中泰两国友谊与合作的新起点。 会上，泰国留学中国大学校友总会与湖北人形机器人创新中心、泰国四季旅游有限公司与武汉光谷旅游开发投资有限公司就定向研学 基地项目进行签约，标志着中泰双方在旅游研学与教育科创领域的合作迈入新的阶段。作为活动的重要落地成果，"知音湖北"泰国形象体 验店将成为常驻泰国的湖北文化、旅游与科技展示窗口，通过数字化、互动化方式，让更多泰国民众能够近距离、全方位地感知湖北魅 力，从线上激发赴鄂游学的兴趣，从线下促进双向旅游与文化交流的务实发展。 本次活动旨在以"中泰建交五十周年 ...