Core Viewpoint - The "See Zheng Beautiful · Cool Summer Season" consumption promotion event will take place in Zhengzhou from July 26 to August 24, featuring a month-long celebration centered around the Qingdao International Beer Festival, integrating food, performances, cultural tourism, and commerce to enhance summer experiences for residents and visitors [1][25]. Group 1: Food - The event will feature a Zhengzhou & Qingdao dual-city food market, showcasing local intangible cultural heritage snacks alongside Qingdao beer and fresh seafood, creating a unique culinary experience [4]. - The theme "Enjoy Summer" will guide the food offerings, allowing visitors to savor the coastal freshness and the richness of the Central Plains [4]. Group 2: Performances - Over 300 performances will be held, including symphonic concerts, nostalgic music, and dynamic street performances, making art accessible to the public [5]. - The initiative aims to break the traditional barriers of highbrow art, bringing performances to various urban spaces [5]. Group 3: Cultural Tourism - Zhengzhou and Qingdao will collaborate to offer exclusive tourist trains and premium travel routes, encouraging visitors to experience the dual charms of "Mount Song Cloud Sea" and "Blue Sky and Blue Sea" [7]. - The initiative includes promotional policies and subsidies from local cultural tourism enterprises to attract tourists [7]. Group 4: Commerce - The "Drunk Beautiful · Night Zhengzhou" consumption season will enhance supply and optimize services, featuring cultural tourism vouchers and themed shopping activities [9]. - The event will focus on creating vibrant summer night consumption scenes across various venues [9]. Group 5: Event Layout - The event will be held across four main venues: Zhengdong New District Financial Island, the commercial area of the Kan District, Zhengzhou Green Expo Park, and the Central Cultural District CPark, providing diverse summer consumption experiences [10]. - Each venue will host themed weeks, including music, art, food, and lifestyle, ensuring daily activities and weekly themes [13]. Group 6: Special Features - The Green Expo Park will feature nine thematic areas, including a core stage, family water play area, and various cultural themes, offering a multi-faceted summer celebration [20]. - CPark will integrate beer culture, food culture, and music elements, creating an immersive experience with activities like KTV shows and nostalgic concerts [24]. Group 7: Organizational Support - The event is organized by various local government departments and companies, aligning with national strategies to expand domestic demand and promote consumption upgrades [25]. - The collaboration aims to foster deep cultural tourism cooperation between Zhengzhou and Qingdao, enhancing resource sharing and consumption growth [25].

Group 1 - The new consumption models are emerging, with self-indulgent, emotional, and cultural entertainment consumption gaining popularity, leading to accelerated growth in quality consumption [1] - In the first half of the year, Zhejiang's total retail sales of consumer goods increased, with a growth rate that accelerated by 1.8 and 1.3 percentage points compared to the second half of last year and the entire last year, respectively [1] - Retail sales of sports and entertainment goods in Zhejiang increased by 57.6% year-on-year, while jewelry sales grew by 22.2% [1] Group 2 - The province hosted numerous large-scale concerts, attracting over 1.5 million attendees, which significantly boosted box office revenue and overall consumption [2] - The retail sales of new energy vehicles and energy-saving appliances in Zhejiang increased by 15.7% and 79.5%, respectively, in the first half of the year [2] - The holiday economy showed a notable impact, with tourism numbers during the "May Day" and "Dragon Boat" holidays increasing by 13.7% and 8.3% year-on-year, respectively, driving rapid growth in leisure and transportation services [2]

Core Insights - The article discusses the emergence and significance of Live House venues in Beijing's performance market, highlighting the unique operational philosophy of Fulang Live House as a vital component of this ecosystem [2][3]. Group 1: Business Model and Venue Features - Fulang Live House aims to create a comprehensive performance space centered around music, accommodating different audience needs with venues that hold 450 and 1200 people, thus catering to various event types from small concerts to indoor music festivals [3]. - The venue features innovative design elements, such as a "front lower, back higher" audience area, which enhances the viewing experience by minimizing sight obstruction for attendees [3]. Group 2: Safety and Audience Experience - Safety is a critical focus for Fulang Live House, with strict measures in place for fire safety and security, including specific venue designs and content verification for performances to ensure compliance [4]. - The venue enhances audience interaction and experience by providing comprehensive support to performing bands, including partnerships with local hotels for accommodations, which also stimulates surrounding businesses [4]. Group 3: Collaborations and Recognition - Since its opening in March 2023, Fulang Live House has collaborated with nearly 400 renowned artists and bands, both domestic and international, contributing to its recognition as a new cultural space in Chaoyang District and as one of the first 25 city-level "New Performance Spaces" in Beijing [5]. - The venue is also working on developing its cultural derivative brand, including merchandise related to the venue and its IP products, to further enhance its market presence [5].

Core Insights - The article highlights the growing cultural and tourism consumption in Beijing's Chaoyang District, driven by private enterprises in entertainment, tourism, and pet services, with a projected tourism revenue of 154.54 billion yuan in 2024, leading in Beijing [1][5]. Group 1: Entertainment Sector - The establishment of Fulong Livehouse, a new comprehensive performance venue, has become a popular spot for young music fans, hosting over 200 performances in 2025 across various music genres [3][4]. - The innovative design of Fulong Livehouse enhances audience experience, with excellent sound and lighting equipment, contributing to its rapid popularity [4]. - Large concerts in Chaoyang District significantly boost the local economy, with a projected ticket revenue of 1.6 billion yuan in 2024, generating over 10.9 billion yuan in overall consumption [5]. Group 2: Cultural and Tourism Integration - The rise of "ticket economy" allows concert-goers to enjoy discounts on dining and accommodation, enhancing the overall experience [6][7]. - Chaoyang District plans to host approximately 86,000 commercial performances in 2024, including 108 large concerts at major venues [7]. Group 3: Pet Economy - The emergence of the pet economy is exemplified by Mars Pet Supermarket, which offers over 3,000 products and has expanded to over 8 stores, capitalizing on a market with significant growth potential [13][14]. - The pet retail market in China is projected to grow, with current penetration rates significantly lower than in the U.S., indicating a substantial opportunity for expansion [14]. Group 4: Inbound Tourism - The introduction of a 240-hour visa-free transit policy has spurred demand for inbound tourism, with a projected 800% increase in inbound visitors in 2024 compared to 2023 [8][10]. - The company is developing high-quality inbound tourism products, including business travel options, and aims to expand its presence to 5,000 branches nationwide within five years [10][11]. Group 5: Policy Support and Future Goals - Chaoyang District has launched eight new policies to support the cultural and tourism industry, aiming for tourism revenue to exceed 160 billion yuan and attract 100 million visitors by 2025 [16].

Group 1 - The city government held its 157th executive meeting to study and implement the important speech by General Secretary Xi Jinping at the Central Urban Work Conference, focusing on the economic operation in the first half of the year and planning key tasks for the second half [1][2] - The city's economic performance in the first half of the year showed signs of recovery, with major indicators growing faster than the same period last year and the first quarter, ranking favorably among similar cities nationwide [2] - The meeting emphasized the need to strengthen the leadership of the Party in urban work and enhance the quality and capability of the workforce to ensure the implementation of seven key tasks for urban modernization [1][2] Group 2 - The meeting highlighted the importance of leveraging Wuhan's cultural resources to create high-quality performances, stimulate market activity, cultivate consumption, and optimize the environment for the development of the performing arts economy [3] - There is a focus on improving work mechanisms and support policies to accelerate the establishment of a first-class performing arts capital in China, aiming for high-quality development in the performing arts sector [3]

Group 1: Night Economy Initiatives - Various scenic spots and urban landmarks across the country are launching diverse activities to stimulate night-time consumption during the summer vacation [1][8] - In Nanning, the Minjiang Lake International Music Town is hosting multiple performances each night, catering to the cultural and entertainment needs of visitors [3] - Lhasa has introduced the "Lhasa Night City," a new night economy landmark featuring nearly 160 stalls, combining traditional elements with modern commercial vitality [11][14] Group 2: Cultural and Recreational Activities - The Yongzhou Ancient City area integrates historical architecture with modern urban culture, attracting many tourists for photo opportunities [5] - In Chengdu, the "Night Tour Jinjiang" bus service offers a unique experience for tourists to enjoy the city's night scenery while learning about local history [16][18] - Beijing's Grand Canal area has introduced free cultural and recreational projects, enhancing the summer night life with activities like basketball games and outdoor cinemas [20][22][23]

Core Insights - The "Su Super" (Jiangsu Provincial Urban Football League) has become a new trend in cultural tourism consumption, attracting significant visitor interest and boosting local economies [3][4] - Since its launch on May 10, "Su Super" has generated 171 trending topics with a total reading volume of 2.934 billion, indicating its strong influence on social media and tourism [3] Tourism Impact - Attendance for the fifth and sixth rounds of "Su Super" exceeded 180,000 spectators per match, leading to a 305% year-on-year increase in bookings for local attractions [3] - The total tourism consumption in six host cities increased by over 14.63%, significantly outpacing the provincial average [3] Local Attractions and Promotions - Each of Jiangsu's 13 cities has introduced promotional measures to attract visitors, expanding discounts from just entry fees to include dining, accommodation, and entertainment [4] - Various cities have tailored their offerings to highlight local culture and cuisine, such as Xu Zhou's Han culture events and culinary experiences [6][8][9][10][11][12][13][14][16][17][18][19] Cultural Integration - The integration of football events with local cultural experiences has created unique tourism packages, such as birdwatching combined with match attendance in Yancheng [8] - Cities like Suzhou and Nanjing leverage their historical and culinary heritage to enhance the visitor experience during "Su Super" matches [19][14]

Investment Rating - The industry investment rating is "Outperform the Market" [1][36] Core Viewpoints - Economic performance is steadily recovering, but consumer confidence still needs further boosting. In June 2025, the total retail sales of consumer goods reached 4.2 trillion yuan, with a year-on-year increase of 4.8%. The GDP for the first half of 2025 was 66.05 trillion yuan, reflecting a year-on-year growth of 5.3% [1][3] - The overall economic operation in the first half of 2025 was stable, with consumption playing a significant supporting role. The total retail sales for the first half of 2025 reached 24.55 trillion yuan, a year-on-year increase of 5.0% [3][4] Summary by Sections Economic Performance - The GDP growth for the first half of 2025 was 5.3%, with contributions from the primary, secondary, and tertiary industries at 3.6%, 36.2%, and 60.2% respectively. The growth pace aligns with the annual target of 5% [3][4] - The retail sales of goods increased by 5.1%, while restaurant income grew by 4.3% in the first half of 2025. The service retail sales also saw a year-on-year growth of 5.3% [3][4] Consumer Confidence - The average urban unemployment rate in the first half of 2025 was 5.2%, showing stability, but consumer confidence has not significantly improved. The consumer confidence index was at 88.0 in May, indicating a low level of confidence [3][4] Investment Recommendations - The report suggests focusing on companies likely to benefit from the recovery in tourism and travel demand, such as Lingnan Holdings and Tongcheng Travel. Other recommended companies include those in the business and exhibition sectors, as well as various hospitality and entertainment firms [3][4]

转自：前瞻产业研究院 行业主要上市公司：华侨城(000069.SZ)、张家界(000430.SZ)、三湘印象(000863.SZ)、曲江文旅 (600706.SH)、复星旅游文化(01992.HK)、宋城演艺(300144.SZ)等 本文核心数据：机构数量;从业人员数量;演出场次 1、中国艺术表演团体机构数量 2013-2022年，我国艺术表演团机构数量不断增加，2023年数量出现减少情况，2013年仅为0.82万个， 至2023年增长至1.80万个，较2022年减少0.17万个。2024年我国艺术表演团机构数量进一步增长至2.20 万个。 2、中国艺术表演团体从业人员 2013-2023年，我国艺术表演团从业人员数量整体呈波动态势，2021年达到顶峰45.33万人后逐步下降， 2024年艺术表演团从业人员数量达41.90万人，比上年末增加3.40万人。 3、中国艺术表演团体演出场次 从演出场次来看，2013-2024年，我国艺术表演团演出场次呈波动态势，由于统计口径的收缩，2024年 我国艺术表演团演出场次仅38.50万场，较2023年出现较大幅度的下滑。 4、中国艺术表演观众人次 近年来，我国各地农村形成 ...

Core Viewpoint - The 2025 China National Theatre "CNT Live" HD Screening Season aims to leverage digital technology and AI to enhance the accessibility and quality of classic theatrical performances, promoting cultural digitalization and innovation in the performing arts industry [3][5][14]. Group 1: Event Overview - The "CNT Live" HD Screening Season was officially launched on July 15, 2025, with participation from key figures in the cultural and technological sectors [1][3]. - The event will feature eight classic works, showcasing a blend of traditional and digital performance art, and will run from July to September 2025 across 30 theaters in various cities [10][11]. Group 2: Technological Integration - The China National Theatre is transitioning from a traditional performance model to a fully digital strategy, utilizing AI and advanced technology to create high-quality visual representations of theatrical works [3][5]. - The collaboration with China Unicom and BOE Technology Group aims to enhance the viewing experience through optimized HD imaging processes and specialized broadcasting equipment, ensuring high resolution and smooth playback [8][10]. Group 3: Cultural Significance - The selected performances, including "Beijing Fayuan Temple" and "The Zhao Family's Orphans," reflect the essence of Chinese theatrical aesthetics and aim to break geographical barriers, allowing broader audience access to cultural heritage [5][11]. - The initiative is seen as a tribute to the past while also paving the way for future innovations in the performing arts, emphasizing the importance of integrating technology with traditional art forms [14].