Group 1 - The 2026 National Spring Festival Cultural and Tourism Consumption Month was officially launched in Quanzhou, Fujian, on January 29, organized by the Ministry of Culture and Tourism, aiming to enhance cultural and tourism consumption during the Spring Festival [1] - The event will run from late January to early March, featuring approximately 30,000 cultural and tourism consumption activities, with over 360 million yuan in consumption vouchers and subsidies distributed [6] - Fujian Province will introduce 100 new Spring Festival boutique tourism routes and over 560 cultural benefit measures, hosting more than 4,300 cultural and tourism promotional activities [10] Group 2 - The Ministry of Culture and Tourism, along with relevant departments, will launch a series of themed activities, quality products, and benefit measures for the Spring Festival, including a second batch of national tourism performance excellence lists [13] - Various financial institutions will announce measures to promote cultural and tourism consumption financing for the New Year, while platforms and enterprises will also release integrated online and offline cultural and tourism consumption activities [13]

Group 1: Event Economy - The "event economy" is becoming a key strategy for cities in Shandong to boost consumption, with plans for over 40 major international and domestic events in Jinan and more than 260 sports activities in Yantai by 2026 [1][2] - The integration of sports events with tourism and commerce is expected to create a multiplier effect, enhancing consumer engagement and spending [2] - Cities like Jinan and Rizhao are planning extensive accompanying activities to foster a vibrant consumption atmosphere, indicating a shift from isolated sports events to a comprehensive urban resource integration [2] Group 2: Consumer Center Cities - Shandong cities are focusing on elevating their consumer capacity, with Qingdao aiming to become an international consumer center and other cities like Zibo and Jining targeting regional consumer hubs [3] - Recent designations of Jinan, Qingdao, and Yantai as pilot cities for new consumption models highlight the strategic importance of consumption in the national economy [3] - Innovations in consumption scenarios, such as nighttime economy initiatives in Weifang, are part of a broader strategy to enhance urban branding and competitiveness [3] Group 3: First Store Economy and Consumption Ecosystem - The "first store economy" is a priority, with cities like Jinan and Qingdao planning to introduce 100 new brands each, reflecting a trend towards enhancing urban commercial vitality [4] - Successful examples from other cities show a shift from merely attracting brands to creating immersive and personalized shopping experiences [4] - The focus on optimizing the consumption environment, including service quality and consumer rights, is crucial for sustainable consumption growth in Shandong [4] Group 4: Overall Consumption Strategy - The consumption strategy in Shandong for 2026 outlines a clear path: leveraging events to drive traffic, establishing consumer centers, and enhancing supply through first stores and innovative scenarios [6] - This approach aims to transform Shandong's rich cultural and industrial resources into sustainable growth drivers, enhancing the overall urban living experience [6] - The collective efforts of the 16 cities in Shandong represent a significant exploration of future lifestyle changes and urban development [6]

Core Viewpoint - The special program "Two Sessions Guest Hall" highlights the achievements and future plans of Guizhou Province in relation to the "14th Five-Year Plan" and the government's work report, focusing on the development of a modern industrial system and the integration of various sectors [1] Group 1: Development Achievements - Bijie City has proven mineral resources of 55 types, with 18 types having the highest reserves in the province, including coal (39.5% of the province's total), phosphorus (28.2%), and iron (55.8%) [5] - The third industry in Qiannan Prefecture has increased its GDP share to 53.7% during the "14th Five-Year Plan" period, with significant tourism developments such as the creation of the Wanfenglin National 5A Tourist Area [9][10] - Qiandongnan Prefecture's tourism industry has seen over 1 billion visitors and a total expenditure exceeding 100 billion yuan, driven by popular events like "Village Super" and "Village BA" [12][14] Group 2: Future Plans - Bijie aims to leverage its young labor force, with a population of 9.57 million and an average age of 32.9 years, to support industrial development and consumer growth [7] - Qiannan plans to enhance its industrial system by focusing on energy and mineral resources while developing a modern tourism industry and outdoor sports destinations [10] - Qiandongnan intends to strengthen its cultural tourism integration by utilizing its rich cultural heritage and natural resources to become a well-known ethnic tourism destination [14]

Group 1: Core Initiatives - The Nanjing government has introduced ten measures to support citizens and businesses during the 2026 Spring Festival, focusing on enhancing service quality and boosting economic development [1] Group 2: Consumer Benefits and Activation - Five initiatives are aimed at stimulating consumer spending, including special promotional events, support for trade-in programs, and a variety of cultural and tourism activities [2] - The city plans to host over 400 promotional events and offer more than 50 million yuan in discounts through e-commerce platforms [2] - Consumers can receive subsidies of up to 20,000 yuan for vehicle trade-ins and 15,000 yuan for other consumer goods [2] - A series of over 600 cultural and tourism events will be organized to cater to diverse visitor needs, emphasizing local traditions and attractions [2] - Special discounts on tickets and services will be available for visitors arriving in Nanjing during the festival [2] Group 3: Support for Enterprises - Three measures are designed to encourage businesses to increase production and expand markets, including transportation subsidies for non-local workers returning to Nanjing [3] - Support will be provided for foreign trade companies to participate in key international trade exhibitions during the festival [3] - A campaign to honor city builders will be launched, showcasing their contributions through public displays [3] Group 4: Employment Services and Efficiency - Two initiatives focus on enhancing employment services and providing robust support, including the operation of 900 employment service stations during the festival [3] - The city will offer various support packages, including housing for new workers' families and community engagement activities [3] - Transportation services will be reinforced to ensure adequate supply during peak travel times [3]

"哭哭马"走红 当情绪开始被"代言" 如果说过去几年，情绪消费更多解决的是"被看见""被理解"，那么进入2026年，悦己消费正在进一步走 向"被表达"和"被陪伴"。消费者不再满足于抽象的情绪共鸣，而是希望情绪能够被具体化、替自己说出 来，并获得回应。这一变化，正在重塑潮玩及多个消费领域的产品逻辑。 进入2026年，"爱你老己"成为率先走红的网络热梗。这个看似轻松的表达，背后折射出的却是当下消费 者对自我关怀与情绪稳定的强烈诉求。"爱自己"正从一种情绪宣言，演变为更具现实指向的消费选择。 数据显示，我国情绪消费市场规模从2022年的1.63万亿元增长至2024年的2.31万亿元，2025年达到2.72 万亿元，并有望在2029年突破4.5万亿元。年轻群体作为其中最核心的推动力量，超过九成青年认可"情 绪价值"，近六成青年愿意为情绪价值直接付费。悦己消费，已从边缘需求走向消费结构的重要组成部 分。 在潮玩赛道，这一趋势尤为明显。近期，义乌小商品市场一款名为"哭哭马"的马年毛绒玩具在社交平台 意外走红，相关订单已排至3月。这款玩具并非因精致设计或IP光环出圈，而是源于一次缝制失误—— 工人将嘴角缝反，形成了一张略显 ...

强化财政金融支持，是服务消费扩容增长的"助推器"。服务消费领域的中小微经营主体居多，新业态的 培育、消费基础设施的完善，都需要金融活水的精准滴灌和财政资金的有效引导。《方案》打出的财政 金融"组合拳"，兼顾"输血"与"造血"，精准发力服务消费新增长点。例如，统筹利用现有资金渠道支持 服务消费发展，优化实施服务业经营主体贷款贴息政策，为市场主体降低融资成本；引导金融机构加大 信贷投放、创新特色金融产品，破解服务消费领域融资难、融资贵问题；支持符合条件的企业发行债 券、消费基础设施项目发行REITs，盘活存量资产，拓宽市场化融资渠道；加大消费信贷支持力度，推 动金融机构与商家合作开发适配服务消费特点的产品，从需求端撬动消费潜力。 一分部署，九分落实。服务消费的发展具有鲜明的个性化特征，不同地区的消费需求、产业基础、资源 禀赋差异显著，这就要求各地区、各有关部门跳出"一刀切"的政策思维，结合实际创新支持举措，细化 落实方案。既要聚焦本地特色培育服务消费新场景、新赛道，如文旅资源丰富的地区发力"旅游+"融合 消费，老龄化程度较高的地区完善养老家政服务供给，产业集聚的地区培育体育、教育等特色消费业 态，也要加强部门协同 ...

Group 1: Industry Insights - The State Council issued a work plan to accelerate the cultivation of new growth points in service consumption, aiming to optimize and expand service supply, enhance service consumption quality, and support high-quality economic development [1] - The demand for storage driven by AI has surged, with SanDisk reporting a 61% year-on-year revenue increase and a 672% rise in net profit for Q2, significantly exceeding Wall Street expectations [2] - Gold and silver experienced significant volatility, with silver dropping over 8% and gold retreating by up to $500 due to profit-taking, despite earlier reaching historical highs [3] Group 2: Company Performance - SanDisk's data center business revenue grew by 64% compared to Q1, reflecting the strong demand for data storage as AI applications expand [2] - Century Huatong expects a net profit of 5.55 billion to 6.98 billion yuan for 2025, representing a year-on-year increase of 357% to 475% [14] - Shenghe Resources anticipates a net profit of 790 million to 910 million yuan for 2025, marking an increase of 281.28% to 339.20% year-on-year [14] Group 3: Market Trends - The market is expected to focus on performance lines, with significant growth anticipated in sectors such as computing communication, lithium batteries, and energy storage [8] - The Ministry of Culture and Tourism issued over 360 million yuan in consumption vouchers, aiming to transition consumption from "restorative growth" to "endogenous expansion" [12] - The commercial aerospace sector in China is entering a phase of accelerated development, with expectations of a technological closure and capital premium by 2026 [11]

证券研究报告·北交所报告·北交所定期报告 北交所定期报告 20260130 执业证书：S0600520090004 zhujieyu@dwzq.com.cn 证券分析师 易申申 执业证书：S0600522100003 yishsh@dwzq.com.cn 证券分析师 余慧勇 执业证书：S0600524080003 yuhy@dwzq.com.cn 研究助理 武阿兰 执业证书：S0600124070018 wual@dwzq.com.cn 研究助理 陈哲晓 执业证书：S0600124080015 sh_chenzhx@dwzq.com.cn 上海涉外经济创新高，北证 50 下跌 1.69% 2026 年 01 月 30 日 证券分析师 朱洁羽 相关研究： 《沪深北交易所提高融资保证金最低 比例，北证 50 上涨 0.98%》 2026-01-14 《工信部印发<推动工业互联网平台 高质量发展行动方案（2026—2028 年）>，北证 50 下跌 2.50%》 2026-01-13 东吴证券研究所 1 / 8 请务必阅读正文之后的免责声明部分 [Table_Tag] [Table_Summary] ◼ 资本市场新 ...

本期主讲人：习近平经济思想研究中心主任、研究员 史育龙 总需求不足是当前经济运行面临的突出矛盾。加快补上内需特别是消费短板，使内需成为拉动经济 增长的主动力和稳定锚，意义重大。习近平总书记指出："要坚持供需两侧协同发力、动态平衡，持续 深化供给侧结构性改革，有进有退、有保有压，增强供给与需求的适配性、平衡性。""十五五"规划建 议围绕"大力提振消费"，提出了"深入实施提振消费专项行动""扩大优质消费品和服务供给""推动商品 消费扩容升级"等一系列重大举措。中央经济工作会议也把提振消费作为建设强大国内市场的重要内容 作出部署。提振消费，供需适配是关键。 提振消费要在供需适配上下更大功夫 消费受制于收入水平，也受消费环境、政策和心理预期等多方面因素影响，在千方百计提高消费者 收入的同时，还要在供需适配上下更大功夫，使生产供给端提供的产品和服务能够精准匹配消费者的需 求，并能够通过产品和服务创新引领需求、创造需求，实现供给和需求的"双向奔赴"，形成需求牵引供 给、供给创造需求的更高水平动态平衡。 近年来，我国产业能力和水平显著提升，从农产品到工业制成品，几乎在所有领域能够提供充裕的 传统商品。与此同时，在新一轮科技 ...

转自：荔枝新闻 文/胡欣红 （来源：荔枝新闻） （作者胡欣红，荔枝新闻特约评论员，中学一线名师，媒体评论员；本文系荔枝新闻客户端、荔枝网独 家约稿，转载请注明出处。） 继"摇人按猪"爆火之后，呆呆又"闯祸"了？近日，重庆合川女孩"呆呆"通过个人社交平台发布消息称， 自己将对外赠送春联。 "呆呆"此前发布的消息显示，她提供了三个活动方案供粉丝选择：一、她免费送一对春联和一张福字， 全是亲手写，包邮，但是名额有限1000份；二、超过1000份后的春联邮费寄到付；三、邮费由自己承 担，春联她自己买，开直播写对联。"如果想要的人很多，春联的总量定在1万份。"但因执行难题紧急 撤下方案，引发网友喊话文旅部门介入支持。 呆呆的每一次"亮相"，似乎都在改写互联网流量的叙事逻辑。从"摇人按猪"意外引爆全民狂欢，到计划 手写万副春联回馈粉丝，这个没有精致人设、拒绝商业变现的农村女孩，用朴素的方式撕开了流量时代 的一道口子——原来比起精心策划的剧本，人们更偏爱不加修饰的真诚；比起刻意营造的"年味"，大众 更眷恋根植于生活的乡土情怀。 呆呆的走红不是算法下的某种偶然，而是击中了当代人内心最柔软的情感靶心。"摇人按猪"时，"想让 家 ...