原标题：国家税务总局：今年前11个月办理离境退税的境外旅客数量同比增长285% 编辑：黄灵 责编：张松涛 央视新闻客户端消息，12月8日，国家税务总局在例行新闻发布会上公布数据。 今年前11个月，办理离境退税的境外旅客数量同比增长285%，退税商品销售额和退税额同比增长 98.8%。 截至11月底，全国离境退税商店已达12252家，提供"即买即退"服务的商店超7000家。退税服务持续优 化，更好地满足了境外旅客退税需求，推动境外旅客"中国游"热度持续提升。 ...

Group 1 - The New Year's holiday in 2026 is expected to boost tourism demand, with young users seeking unique and meaningful ways to celebrate the New Year, such as fireworks and countdown events [1] - Major theme parks are planning special New Year's fireworks shows, making them the preferred choice for users during the holiday. The top 10 attractions for the New Year's holiday include Beijing Universal Resort, Zhuhai Chimelong Ocean Kingdom, Harbin Ice and Snow World, and Laojun Mountain Scenic Area, with theme parks occupying four spots [1] - Shanghai Disneyland ranks high on the attraction list due to its "Light Up the New Year" castle show and fireworks display [1] Group 2 - There is a significant increase in demand for New Year's blessings at temples, with Suzhou Hanshan Temple, Hangzhou Lingyin Temple, and Shanghai Longhua Temple gaining over 80% attention compared to previous periods [1] - "Ice and snow tourism" is becoming mainstream, with rising ticket bookings for popular destinations like Harbin, Changbai Mountain, and Altay, leading to a surge in flight prices. For example, flights from Shanghai to Harbin increased from below 500 yuan to over 1200 yuan, more than doubling in price [1] - Large indoor ski resorts have become a priority for some users during the holiday, with Shanghai Yao Snow World, Shenzhen Huafa Ice and Snow Miracle, and Suzhou Taicang Alps Snow World leading in booking popularity [2]

俄罗斯旅游运营商协会副会长亚历山大·穆西欣日前接受记者专访时说，中国对俄罗斯公民实施免签措 施后，俄罗斯顺势推行对中国公民免签政策，这一政策落地顺应民心、众盼已久。中国赴俄游客数量将 显著增长，成为俄罗斯旅游市场的突出亮点。 谈及中国游客旅行方式的转变时，穆西欣说，过去中国游客的行程多围绕具有重大历史意义的标志性景 点展开，而当下，观光旅游正逐渐向体验式旅游拓展。游客可以参与制作俄罗斯特色美食，在烹饪过程 中感受异国风情；还能观赏并尝试花样滑冰等，深度体验俄罗斯的冰雪运动文化。 此外，中国游客在俄支付问题也有待解决，相关方面正有序推进各项工作，穆西欣表示有信心在夏季旅 游旺季来临前找到妥善解决方案。 （据新华社电 记者包诺敏、栾海） "中国游客有着旺盛求知欲，渴望深入探寻当地生活的每一处细节；在出行方式上丰富多元且各具特 色，既有独自踏上旅程、以镜头记录并分享旅途点滴的博主，也有举家出游、在旅途中留下温馨美好回 忆的家庭，还有携手走出国门多代同游，部分旅行还兼具教育意义，能让游客在游玩中积累知识。"穆 西欣说。 他补充说，商务旅游在俄罗斯呈现出明显地域集中性，因众多重要商务活动和汽车、旅游等展会大多在 圣彼得 ...

【环球时报综合报道】自中国外交部11月中旬发布赴日旅游风险提示以来，越来越多中国游客将目光转 向韩国、泰国等周边国家。由于距离近、航班多且签证便利，这些目的地正迅速承接从日本流出的中国 客源。多国旅游部门和业者争相推出相关举措，以吸引更多中国游客到访。 东京部分高端酒店也出现订单取消的状况。经营椿山庄东京等酒店的藤田观光表示，其住宿客人中超过 两成为中国游客，目前已出现"小规模团体客取消的情况"。 航空、旅行相关企业普遍对春节前后的走势感到忧心。航空旅行分析师鸟海高太朗接受日媒采访时表 示，"春节期间的情况将十分严峻，影响持续到明年春季几乎已成定局。想要恢复，最快也需要半年到 一年。" 中国游客减少的冲击还体现在消费端。日本观光厅的数据显示，2025年1-9月日本入境消费额达6.9156 万亿日元（100日元约合4.6元人民币），其中中国内地游客消费额为1.6443万亿日元，占23％。消费主 要集中在住宿、购物与餐饮。经济学家估算，中国游客减少可能给日本造成1.79万亿日元的经济损失。 韩免税企业销售额明显增长 韩媒普遍认为，中日航线削减为韩国旅游和航空业带来直接利好。在此背景下，韩国航空公司率先有所 反应。 ...

【环球时报报道 记者 任筱楠】 "中国有充分潜力跻身全球最具吸引力的旅游目的地前列。"在日前于杭 州举行的"世界旅游联盟·湘湖对话"期间，意大利国家旅游局首席执行官伊万娜·耶利尼奇接受了《环球 时报》记者专访。作为一名多次到访中国的旅游专业人士和意大利旅游推广机构的负责人，伊万娜对中 国发展入境游的潜力给予积极肯定。同时她还表示，意大利旅游业已从支付方式、语言服务等多方面为 中国游客做好准备，并将持续建议相关部门推动简化申根签证程序。 环球时报： 这次访问中国，有没有给您留下深刻印象的事物？ 伊万娜： 我到访过中国多次。这是一个我非常喜欢的国家，每次来这里都带着喜悦和幸福，友好的人民 给我留下了深刻印象。此次是我第一次来杭州，我游览了美丽的西湖，非常喜欢。最近我和一位年轻女 士交谈，她和男朋友在中国旅行了三周。她告诉我，整个旅行期间，他们都感到非常安全，也感受到中 国人民的热情和友好。 环球时报： 目前，中国对意大利等国公民实施免签政策。您对此有何看法？ 伊万娜： 中国政府推出了一项非常有效且受欢迎的政策。自从这个政策实施以来，到访中国的意大利游 客数量大幅增加。我认为很多意大利人有兴趣来中国旅游，不仅探索主 ...

Macro Strategy - The core viewpoint of the macro strategy report emphasizes that new consumption is expected to gradually take over traditional consumption as the main driver of China's commodity consumption, supported by a policy document issued by six ministries aimed at enhancing the adaptability of supply and demand in consumer goods [13][14] - The report highlights that the new consumption model focuses on emotional value and technological content, with short video platforms and experiential economies reshaping online and offline consumption scenarios [13][14] Fixed Income Strategy - The 2026 convertible bond strategy indicates that the main theme will revolve around the dual drivers of carbon neutrality and AI, with a focus on the entire "source-network-load-storage" chain, suggesting that the market will benefit from the expansion of mid and small-cap stocks [16] - The report anticipates that the supply-demand structure of convertible bonds will improve, with a notable increase in the availability of mainline targets, and emphasizes the importance of adapting traditional convertible bond allocation frameworks for success in 2026 [16] Industry Research - The research on the U.S. electricity and AI energy storage sector indicates that the demand for power supply and AI energy storage is expected to surge, driven by the increasing electricity consumption of AI data centers, with a projected compound annual growth rate over the next 3-5 years [21][22] - The report suggests that the integration of green electricity and storage solutions will be a primary focus, with significant growth potential in the market for energy storage systems, particularly benefiting companies like CATL and Sungrow [21][22] - The liquid cooling industry report states that the demand for liquid cooling solutions is expected to rise sharply due to the increasing power density of chips, with a projected market size of 353 billion yuan for ASIC liquid cooling systems and 697 billion yuan for NVIDIA liquid cooling systems by 2026 [23][24] Company Recommendations - Satellite Chemical (002648) is highlighted for its potential growth driven by high-end new materials, despite short-term impacts from maintenance activities, with adjusted profit forecasts for 2025-2027 indicating net profits of 55.5 billion, 69.7 billion, and 86.2 billion yuan respectively [7][24] - Changbai Mountain (603099) is recognized for its unique position in the tourism sector, with profit forecasts for 2025-2027 at 1.6 billion, 1.9 billion, and 2.3 billion yuan, reflecting its growth potential in the ice and snow tourism market [8][9] - Hangyang Co., Ltd. (002430) is noted for its transition from equipment manufacturing to gas supply, with profit forecasts for 2025-2027 at 11.57 billion, 12.94 billion, and 14.84 billion yuan, supported by its diverse business growth and favorable gas pricing [10][11]

来源：一观大势 作者：方奕/郭胤含/李健/苏徽 核心观点：在较长时间横盘震荡后，中国股市将进入跨年攻势。12-2月是中国政策、流动性、基本面向 上共振的窗口期，指数有望迈上新台阶，看好科技/券商/消费。 摘要 ▶重振旗鼓：中国股市将向上迈出新台阶。11月24日上证指数跌至3800点悲观之际，国泰海通策略作出 重要研判"关键位置：进入击球区，步出先手棋"，表态看好科技/券商/部分消费。近期，中国股市开始 企稳反弹，12月5日券商/保险拉升，激活市场人气。对后市，我们认为在较长时间的横盘整理后，中国 股市将进入跨年攻势，指数将向上迈出新台阶：1）经济工作会议临近，2026年是十五五开局之年，经 济日报金观平12月7日指出"宏观政策不能松劲，要以更加积极有为的实招硬招，持续助力经济发展"， 我们预计广义赤字有望进一步扩张，经济政策有望更加积极。2）考虑近期走弱的房地产销售面积，若 美联储12月降息，当下人民币稳定升值也为2026年初中国宽松货币提供有利条件。3）国家金融监管总 局下调保险公司权益入市风险因子；继2014/2019/2024年后，证监会再度表态，适度拓宽资本空间与杠 杆上限；改革提振中国市场风险偏好。 ...

Meeting Details - The shareholder meeting was held on December 5, 2025, at 14:50, with network voting available throughout the day [1][2] - The meeting was conducted in a combined format of on-site voting and online voting [2] Attendance - A total of 131 shareholders and authorized representatives attended the meeting, representing 235,755,036 shares, which is 50.3610% of the total voting shares [3] - Out of these, 3 attendees were present at the venue, representing 177,305,335 shares (37.8752%), while 128 participated via online voting, representing 58,449,701 shares (12.4858%) [3] Proposal Voting Results - The proposal to amend the company's articles of association received 235,461,135 votes in favor, accounting for 99.8753% of the valid votes cast [5] - The proposal to revise the rules of the shareholder meeting was approved with 235,428,635 votes in favor, representing 99.8616% [7] - The proposal to amend the board meeting rules was passed with 235,423,035 votes in favor, which is 99.8592% [9] - The proposal to revise the independent director system was approved with 235,435,035 votes in favor, accounting for 99.8643% [11] - The proposal to amend the management measures for the use of raised funds received 235,425,435 votes in favor, representing 99.8602% [13] - The proposal to revise the cumulative voting system implementation details was passed with 235,428,635 votes in favor, which is 99.8616% [14] Legal Opinion - The legal opinion provided by Guangxi Jingkai Law Firm confirmed that the meeting's convening and procedures complied with relevant laws and regulations, ensuring the validity of the meeting and voting results [15]

本次冲击上市，美亚科技拟募集资金约2亿元。 北京商报讯（记者 马换换 王蔓蕾）在问询阶段排队逾一年后，广东美亚旅游科技集团股份有限公司 （以下简称"美亚科技"）北交所IPO迎来上会机会。根据安排，公司IPO将于12月12日上会迎考。 据了解，美亚科技是泛商旅综合解决方案提供商，下设美亚航旅、美亚商旅、美亚旅行三大业务板块， 主要面向旅业同行客户和企事业客户，提供涵盖航旅票务、商旅管理和会奖旅游三大场景的数字化泛商 旅出行服务。公司IPO于2024年6月27日获得受理，当年7月24日进入问询阶段。 ...

Group 1 - The "Great Snow" solar term marks the official start of winter, characterized by cold weather and heavy snowfall, which is significant for agricultural practices as snow symbolizes a good harvest [2] - Farmers benefit from snow as it acts as an insulator for winter crops, protecting them from the cold and providing moisture when it melts, integrating traditional agricultural wisdom with modern technology through snow monitoring sensors [2] - Dietary practices during the "Great Snow" emphasize proper nutrition to prevent cold, with southern regions favoring preserved meats and northern areas relying on warming dishes like lamb soup and sweet potato porridge [2] Group 2 - Various countries celebrate unique winter festivals, showcasing cultural activities related to snow, such as those in Finland and Norway, highlighting a universal appreciation for winter across different cultures [2]