Core Viewpoint - The Heilongjiang Province is launching a "100-day action" for winter ice and snow tourism from November 8, 2025, to February 28, 2026, aiming to establish itself as a world-class ice and snow tourism destination and economic hub through a series of enhancement actions [1][2]. Group 1: Product Development - The province is focusing on product supply by creating a new system for all-region ice and snow tourism, introducing a product matrix centered around the "Enjoy Ice and Snow in Longjiang" initiative, featuring ten themed routes including charming ice city, ice and snow events, and outdoor activities [1]. Group 2: Industry Innovation - The province is promoting "ice and snow +" integration to foster new consumption scenarios in cultural tourism, developing a matrix of unique festivals such as the Harbin International Ice and Snow Festival and the Qiqihar Snow Camping Festival [1]. Group 3: Infrastructure Improvement - Infrastructure enhancements are being implemented to support a "fast entry, slow travel" model, including actions for traffic improvement and tourism facility upgrades, focusing on smart tourism and transportation [1]. Group 4: Market Regulation - The province is strengthening market regulation through the "Integrity Accompanying Tour in Longjiang" initiative, ensuring transparent consumption and a safe travel environment for tourists [2]. Group 5: Service Optimization - Efforts are being made to enhance tourism services, including the establishment of service stations and improvements to the 12345 hotline for better multilingual support and foreign card payment convenience, aiming to provide a warm experience for both domestic and international visitors [2].

Group 1 - The new snow season in Xinjiang has begun, attracting thousands of tourists to various ski resorts, including the Silk Road Mountain Resort and Baiyun International Ski Resort in Urumqi County [1][2] - The Silk Road Mountain Resort has opened all levels of ski trails simultaneously for the first time and introduced night skiing on the opening day to enhance visitor experience [1] - Baiyun International Ski Resort has upgraded its facilities and equipment, with over 4,000 tickets sold online within half a day of the trial skiing launch [1] Group 2 - Ski resorts across Xinjiang, including the Aletai region and Yili Kazakh Autonomous Prefecture, are preparing for the new snow season with snow-making operations [2] - The Aletai General Mountain International Ski Resort plans to start trial skiing around November 15, depending on weather conditions [2] - Xinjiang's winter tourism has diversified, integrating skiing, ice and snow sightseeing, and cultural experiences, transforming cold resources into a hot economy [2] Group 3 - In the 2024-2025 snow season, Xinjiang's S-level ski resorts received 3.5728 million visitors, a year-on-year increase of 10.22%, and generated tourism revenue of 844 million yuan, up 39.13% [3]

Core Points - The Heilongjiang Provincial Government has issued the "Implementation Plan for the Winter Ice and Snow Tourism 'Hundred Days Action' (2025-2026)" aimed at boosting winter tourism from November 8, 2025, to February 28, 2026, with goals of increasing visitor numbers and total spending by over 10% and 15% respectively [1] Group 1: Objectives and Goals - The plan aims to inject new momentum and vitality into Heilongjiang's high-quality development through increased tourism [1] - Specific targets include a 10% increase in the number of visitors and a 15% increase in total spending compared to previous years [1] Group 2: Key Initiatives - The plan outlines several initiatives such as creating cultural tourism routes, enhancing ice and snow experience, developing ice and snow sports economy, and improving inbound tourism product offerings [1] - It emphasizes the integration of multiple tourism formats and the cultivation of new digital tourism business models [1] - Activities will include consumer-friendly events during peak seasons like New Year and Spring Festival, and the introduction of innovative travel experiences linked to performances and films [1] Group 3: Economic Measures - The plan promotes the development of a ticket economy by collaborating with tourism companies, financial institutions, and e-commerce platforms to offer discounts and vouchers [1] - It explores new models for ticketing that allow for multiple uses over several days [1]

Core Viewpoint - The upcoming snow season in Xinjiang's Aletai region, particularly at the Keketohai Ski Resort, is experiencing a surge in popularity due to the approaching 15th National Games, which has ignited public enthusiasm for winter sports [1][4]. Group 1: Ski Resort Operations - The Keketohai Ski Resort officially opened on October 12, attracting nearly 3,000 visitors daily since the start of the new snow season [4]. - The resort benefits from high-quality snow conditions, including a recent layer of powder snow that enhances the skiing experience [6]. Group 2: Training and Events - Various professional skiing teams from different provinces are utilizing the resort for training, taking advantage of its high altitude (over 2,000 meters) and an average snow season lasting 240 days [8]. - The region is recognized as an ideal training ground for winter sports, with skiing opportunities available from early October to the following May [8]. Group 3: Incentives and Promotions - Xinjiang has implemented attractive policies to encourage skiing participation, such as free entry for local residents and a promotional campaign offering 10,000 ice and snow consumption vouchers for use at 11 ski resorts [8][9]. - Schools in the region are incorporating ice and snow sports into their physical education curriculum, with plans for students to enjoy free skiing days in 2025 [9]. Group 4: Tourism Growth - Xinjiang has developed a comprehensive winter tourism product system that combines skiing, ice and snow sightseeing, and cultural experiences [11]. - The ski resorts in Xinjiang are projected to receive over 3.5 million visitors in the 2024 snow season, reflecting a year-on-year growth of over 10% [11].

Core Insights - The winter ice and snow tourism season in Liaoning is expected to be vibrant, with significant growth in hotel bookings around ski resorts, indicating a strong demand for winter sports activities [1] - The peak season for skiing is anticipated in December and January, with a more than 50% month-on-month increase in hotel bookings for ski resorts across various locations [1] - A new demographic of young skiers, particularly those born after 2010, is emerging, prompting ski destinations to offer student discounts and promote educational winter tourism [1] - The concept of ice and snow tourism is evolving from simple skiing experiences to a more diversified "ice and snow +" model, incorporating unique activities like hot pot in snow houses, ice fishing, and snowmobiling [1] - China is becoming a new destination for global snow sports enthusiasts, with a notable increase in flight bookings by non-Chinese passport holders to domestic destinations, particularly Dalian, which ranks among the top ten popular destinations for foreign visitors this winter [1]

Core Points - Xinjiang will issue 10,000 ice and snow consumption vouchers starting November 14, 2023, for the 2025-2026 snow season [1] - The vouchers are applicable at 11 ski resorts rated 4S and above across various regions in Xinjiang [1] - Each voucher has a value of 20 yuan and can be used to deduct from ski ticket purchases of 100 yuan or more, with additional subsidies available at some resorts [1] Summary by Category Consumption Vouchers - The first round of ice and snow consumption vouchers will be issued to the public, with a total of 10,000 vouchers available [1] - Vouchers can be redeemed at ski resorts in regions including Urumqi, Changji, Altay, Ili, and others [1] - The maximum benefit for visitors can reach a discount of 40 yuan on purchases of 100 yuan [1] Ski Resort Participation - The participating ski resorts cover a range of skill levels, from beginner to advanced slopes [1] - The promotion aims to enhance winter tourism by integrating skiing, ice sightseeing, and cultural experiences [1] Tourism Impact - In the 2024-2025 snow season, S-level ski resorts in Xinjiang received 3.5728 million visitors, marking a year-on-year increase of 10.22% [1] - The total tourism revenue for these resorts reached 844 million yuan, reflecting a 39.13% year-on-year growth [1] - The consumption voucher initiative will run until February 2026 and will be conducted in six rounds [1]

Core Viewpoint - The Harbin government is promoting the 2025-2026 winter season with a series of events and activities to enhance its reputation as a major ice and snow tourism destination in China [1] Group 1: Ice and Snow Tourism Initiatives - Harbin has launched ten major ice and snow tourism routes, including themes like dreamlike ice and snow, alpine skiing, and European-style experiences, along with over 200 cultural activities [2] - Major events include the 6th Harbin Ice Festival, the 42nd Harbin International Ice and Snow Festival, and the Ice and Snow Tourism Development Conference [2] Group 2: Cultural and Artistic Events - The winter season will feature nearly 200 cultural performances under the "Hello, World Music City" theme, including ballet and original musicals [3] - Notable performances include the ballet "Swan Lake" by the Russian Royal Ballet and the original musical "Harbin Under the Night" [3] Group 3: Sports and Community Activities - High-level international competitions will be introduced, such as the Asian Speed Skating Super Endurance Race and the National 3-on-3 Ice Hockey Finals [4] - Community activities will target youth and include events like the "Million Youth on Ice" initiative and various winter sports competitions [4] Group 4: Promotional Activities - The city has allocated 20 million yuan for promotional activities under the "National Benefit Purchase" initiative, focusing on diverse shopping experiences and discounts across major retail outlets [5] - The campaign aims to enhance consumer engagement through various promotional strategies, including discounts and special offers [5]

Market Overview - On November 6, the A-share market opened higher, with the Shanghai Composite Index surpassing the 4000-point mark, and the Sci-Tech 50 Index rising over 3% at one point [1][4] - By midday, the Shanghai Composite Index increased by 0.88%, the Shenzhen Component Index rose by 1.39%, and the ChiNext Index also gained 1.39% [1] Trading Data - The highest point reached was 4007.21, with an opening at 3973.35 and a trading volume of 415 million hands [2] - The total market capitalization stood at 64.65 trillion [2] Sector Performance - The total trading volume for the Shanghai and Shenzhen markets reached 1.32 trillion, an increase of 188 billion compared to the previous trading day [4] - The technology sector saw a strong comeback, particularly in the semiconductor chip sector, which led the market [4][6] - The phosphorous chemical sector also experienced significant gains, with multiple stocks hitting the daily limit [11][12] Notable Stocks - In the semiconductor sector, stocks like Changguang Huaxin and Demingli saw a surge, with Changguang Huaxin hitting a 20% limit up [7][8] - Other notable performers included Zhongji Xuchuang and Xinyi Sheng, with respective increases of 2.51% and 1.28% [9][10] - The phosphorous chemical stocks such as Qingshuiyuan and Batian shares also reached their daily limit [13][14] Weak Sectors - The ice and snow tourism sector faced a significant pullback, with stocks like Dalian Shengya hitting the limit down [20][21] - The Hainan Free Trade Zone sector also saw a sharp decline, with Haikou Group experiencing a limit down at one point [19][22]

Core Viewpoint - The snow tourism index experienced significant adjustments on November 6, with notable declines in several companies within the sector [1] Company Performance - Dalian Shenya saw a sharp decline of 8.81% [1] - Jingxue Energy dropped by 6.22% [1] - Changbai Mountain decreased by 5.03% [1] - Bingshan Cold and Heat fell by 2.60% [1] - Sanfu Outdoor declined by 1.14% [1]

Market Overview - The ChiNext Index has expanded its gains to 1%, while the Shanghai Composite Index has increased by 0.11% and the Shenzhen Component Index by 0.66%. Over 2000 stocks have risen in the two markets [3]. - The A-shares opened collectively higher, with the Shanghai Composite Index up by 0.10%, the Shenzhen Component Index by 0.37%, and the ChiNext Index by 0.60% [4]. Sector Performance - In the market, sectors such as storage chips, CPO, and batteries have shown significant gains. Electric power and grid concept stocks continue to perform well, while computing hardware themes are rebounding, particularly in storage, GPU, and server directions [5]. - The Hong Kong market opened with the Hang Seng Index up by 0.49% and the Hang Seng Tech Index up by 0.63%. Stocks related to grid equipment, charging piles, and energy storage concepts are strong performers [6][7]. Notable Stocks - Notable stock movements include Huahong Semiconductor rising by 3% and SMIC increasing by over 2%. However, WeRide experienced a nearly 8% drop on its first day of trading [7].