Core Viewpoint - The Ministry of Commerce and nine other departments issued policies on September 16 to boost consumption and expand domestic demand, presenting multiple investment opportunities in the social service industry [2]. Education Sector - Focus on K12 education and vocational training, with policies supporting the opening of more educational fields and encouraging foreign investment in non-academic training institutions [3]. - The approval process for K12 non-academic training licenses is expected to become smoother, benefiting employment-oriented vocational education [3]. - Recommended investment opportunities include K12 education companies like DouShen Education, Angli Education, and Zhuoyue Education Group, as well as vocational education firms like China Oriental Education and related training companies [3]. Tourism Sector - Emphasis on attracting more foreign visitors and expanding visa-free policies, along with encouraging travel agencies and online platforms to create unique travel routes for foreigners [4]. - Suggested investment opportunities include OTA companies like Ctrip Group, scenic spots such as Xiyu Tourism and Emei Mountain A, hotels like ShouLai Hotel and Junting Hotel, and tourism retail firms like China Duty Free Group and Wangfujing [4]. IP Sector - Focus on exploring the market value of traditional cultural IP and creating new service consumption scenarios through quality performances, animation, games, and films [5]. - Recommended investment opportunities include tourism performances like Songcheng Performance and trendy toys like Pop Mart [5]. Sports Sector - Encouragement to introduce foreign sports events and support local hosting of popular sports events, aiming to create well-known competitions and brands with independent intellectual property rights [6]. - Suggested investment opportunities include event operation companies like Lisheng Sports and Lansheng Co [6]. Exhibition Sector - Focus on cultivating international markets for medical and exhibition services [7]. - Recommended investment opportunities include exhibition companies like Lansheng Co and Miao Exhibition [7]. Nursing Sector - Emphasis on strengthening training for personnel in elderly care, domestic services, and long-term care [8]. - Suggested investment opportunity includes Saint Bella [8].

Core Insights - Beijing's economic and social development is being propelled by the commencement of several key projects, including the South Extension of Line 6, the Second Experimental School, and the Shunyi Regional Medical Center [1] Infrastructure Development - The South Extension of Line 6, located in Tongzhou District, has a total investment of approximately 1.24 billion and spans about 2.1 kilometers with one station, enhancing transportation services in the urban sub-center [2] - The 17th Line, a major north-south transit line, is nearly 50 kilometers long and will achieve full connectivity upon completion of its middle section, reducing travel time from Jiahuai Lake Station to Future Science City North Station to just 66 minutes [2] - The 18th Line, which runs through Haidian and Changping districts, will improve access for commuters in the Beijng area to key employment zones [2] Educational Initiatives - The Second Experimental School in Miyun District has commenced construction with a total investment of about 530 million, covering an area of approximately 75,000 square meters and accommodating 66 classes, addressing enrollment challenges in the surrounding areas [5] Healthcare Projects - The Shunyi Regional Medical Center, with a total investment of around 780 million and a construction area of about 82,000 square meters, aims to enhance healthcare facilities in the region [8] - The Beijing BOE Hospital project has achieved structural completion ahead of schedule, with a total investment of approximately 5.3 billion and a construction area of about 220,000 square meters, positioning it as a regional medical service center [11][13] Urban Development - The China-Germany Industrial Park's landscaping enhancement project has begun, covering approximately 667,000 square meters, aimed at improving the park's attractiveness and capacity [10] - The overall progress of the suburban railway urban sub-center line enhancement project has surpassed 60%, with expectations for completion by the end of the year [2]

Core Viewpoint - The Ministry of Commerce and nine other departments released policies to expand service consumption, emphasizing the importance of service consumption in improving livelihoods and driving economic growth [4]. Group 1: Policy Measures - The policies include 19 measures across five areas, such as launching "Service Consumption Season" activities and extending operating hours for popular cultural and tourist venues [1][4]. - There is a focus on optimizing student holiday arrangements and enhancing the supply of quality services to meet diverse consumer needs [1][4]. Group 2: Service Consumption Promotion - A plan for service consumption quality improvement will be implemented, including policy support and platform development to enhance consumer experiences [5]. - New pilot cities will be established to explore innovative service consumption models and scenarios, promoting collaboration between quality resources and well-known IPs [5]. Group 3: High-Quality Service Supply - The policies aim to expand high-level openness in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [5]. - There will be efforts to enhance cultural offerings by supporting the creation of high-quality artistic and cultural products, and optimizing the supply of cultural services [5]. Group 4: Stimulating New Service Consumption - Measures will be taken to attract more foreign visitors for consumption, including optimizing visa policies and promoting China's cultural resources [6]. - Digital service consumption will be expanded, encouraging e-commerce platforms to innovate in integrating online and offline services [7]. Group 5: Financial Support - The government will utilize various funding channels to support the construction of service facilities in culture, tourism, and healthcare sectors [6][7]. - Financial institutions will be encouraged to increase credit support for service consumption, with a focus on developing tailored financial products [7]. Group 6: Statistical Monitoring - The policies include optimizing service consumption statistics to better reflect regional developments and encourage the use of big data for monitoring [7].

Core Viewpoint - The Ministry of Commerce and nine other departments released policies on September 16 to expand service consumption through 19 measures across five areas [3] Group 1: Service Consumption Enhancement - Implementation of a quality improvement action for service consumption, continuing to deepen the "Buy in China" brand, and launching a series of promotional activities for "Service Consumption Season" [4] - Development of pilot cities for new business formats, models, and scenarios in consumption [4] - Promotion of the "first release economy" and support for innovative and diverse service consumption scenarios, including collaborations between quality consumption resources and well-known IPs [4] Group 2: Opening Up the Service Sector - Expansion of high-level openness in the service industry, with orderly opening in internet, culture, telecommunications, medical, and educational sectors [4] - Inclusion of more service consumption areas in the "Encouraged Foreign Investment Industry Catalog" to provide differentiated service supply [4] Group 3: Optimizing Consumer Experience - Extension of operating hours for popular cultural and tourist venues, optimization of reservation methods, and encouragement of no-reservation policies [4] - Support for the introduction of high-quality foreign sports events and local mass sports events, aiming to create well-known boutique events and professional leagues [4] Group 4: Educational Policy Adjustments - Optimization of student holiday arrangements while maintaining the total number of holiday days and teaching hours, encouraging local adaptations based on climate and production schedules [5] - Exploration of setting up spring and autumn breaks in primary and secondary schools, with a corresponding reduction in winter and summer vacation durations to increase service consumption time for tourism [5]

Group 1 - The core viewpoint of the article is the announcement of 19 measures by the Ministry of Commerce and nine other departments to expand service consumption in China [1] - The measures include the implementation of a service consumption quality improvement action and the continuous development of the "Buy in China" brand [1] - There is a focus on developing new consumption scenarios and supporting the integration of various sectors such as travel, culture, and sports to create innovative consumption experiences [1] Group 2 - The document emphasizes the need for high-level opening of the service industry, particularly in sectors like telecommunications, healthcare, and education [1] - It encourages the introduction of foreign sports events and supports local governments in hosting popular sports events to enhance service consumption [2] - The document also outlines the optimization of student holiday arrangements to increase service consumption opportunities during travel seasons [2]

Core Viewpoint - The article emphasizes the importance of service consumption in improving people's livelihoods and driving economic transformation, proposing various measures to boost consumption and expand domestic demand [1][2][3][4]. Group 1: Cultivating Service Consumption Platforms - Implementation of a service consumption quality improvement action plan, focusing on policy support, platform development, and enhancing the consumption environment [1]. - Development of pilot cities for new service consumption formats, promoting innovative service consumption scenarios and supporting the establishment of new leading consumption enterprises [1]. Group 2: Enriching High-Quality Service Supply - Expansion of high-level openness in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [1]. - Support for cultural and artistic sectors through funding for high-quality creations and optimizing cultural product supply [1]. - Encouragement of diverse education and training markets, including non-academic training and community education initiatives [1][2]. Group 3: Stimulating New Service Consumption Growth - Attraction of more foreign visitors for consumption by optimizing visa policies and promoting cultural resources [2]. - Expansion of digital service consumption through e-commerce platforms and support for the digital transformation of service enterprises [2]. - Adjustment of student holiday arrangements to increase service consumption opportunities [2]. Group 4: Strengthening Financial Support - Utilization of various funding channels to support the construction of service facilities in culture, tourism, and sports [3]. - Encouragement of financial institutions to increase credit support for service consumption sectors and develop tailored financial products [3]. - Implementation of fiscal interest subsidies to reduce financing costs for service industry operators [3]. Group 5: Optimizing Service Consumption Statistics - Advancement of regional service retail measurement to accurately reflect service consumption development [4]. - Encouragement of the use of big data for monitoring and analyzing service consumption [4].

Core Viewpoint - The Ministry of Commerce and nine other departments have jointly released measures to expand service consumption, focusing on enhancing supply and addressing the shortage of high-quality services in the market [1][2]. Group 1: Policy Measures - The measures include promoting orderly opening in sectors like internet, culture, telecommunications, healthcare, and education, as well as supporting the inclusion of more service consumption areas in the encouraged foreign investment directory [2]. - There is an emphasis on extending operating hours for popular cultural and tourism venues, optimizing reservation methods, and encouraging the introduction of high-quality foreign sports events [2][3]. - The measures aim to cultivate a diversified education and training market and relax market access in high-end healthcare and leisure sectors to attract more foreign and private investment [2]. Group 2: Financial Support - The measures stress the need for enhanced financial support, including the establishment of a service trade innovation development fund to guide social capital investment in service consumption-related fields [2]. - There is a proposal for local governments to support consumption credit through risk compensation funds, creating a combination of government subsidies, financial support, and merchant discounts [3]. - The measures also suggest attracting more foreign visitors for consumption and expanding digital service consumption, alongside optimizing school holiday arrangements to increase service consumption time [3].

商务部9月16日消息，商务部等九部门近日联合印发《关于扩大服务消费的若干政策措施》，在培育服 务消费促进平台、丰富高品质服务供给、激发服务消费新增量、加强财政金融支持、健全统计监测制度 5方面提出19条举措。 在培育服务消费促进平台方面，政策措施明确，持续深化"购在中国"品牌打造，开展"服务消费季"系列 促消费活动，围绕贴近群众生活、需求潜力大、带动作用强的重点领域开展服务消费促进活动，培育服 务消费品牌，打造服务消费热点。开展消费新业态新模式新场景试点城市建设。积极发展首发经济，推 动创新和丰富服务消费场景，支持优质消费资源与知名IP跨界合作，打造一批商旅文体健融合的消费新 场景，培育一批新型消费龙头企业。 在丰富高品质服务供给方面，政策措施提出，扩大服务业高水平对外开放。推动互联网、文化等领域有 序开放，扩大电信、医疗、教育等领域开放试点。加快推进服务业扩大开放综合试点示范。支持将更多 服务消费领域纳入《鼓励外商投资产业目录》，提供差异化服务供给。放宽中高端医疗、休闲度假等领 域市场准入，减少限制性措施，吸引更多外商投资、民营资本进入，增加优质服务供给。提升文化娱 乐、体育、家政、养老、托育等服务供给水平 ...

Core Viewpoint - The Ministry of Commerce and nine other departments have jointly issued policies to expand service consumption, proposing 19 measures across five key areas to stimulate growth in the service sector [1][2]. Group 1: Promoting Service Consumption Platforms - The policies aim to deepen the "Buy in China" brand and launch a series of promotional activities called "Service Consumption Season" to enhance consumer engagement [1]. - Focus will be on key areas that closely relate to people's lives, have significant demand potential, and strong driving effects to cultivate service consumption brands and hotspots [1]. - The initiative includes the development of pilot cities for new business formats, models, and scenarios, promoting innovative and diverse service consumption experiences [1]. Group 2: Enriching High-Quality Service Supply - The measures propose to expand high-level opening of the service industry, particularly in internet, culture, telecommunications, healthcare, and education sectors [2]. - There will be a push to relax market access in high-end healthcare and leisure sectors, reducing restrictive measures to attract more foreign and private investment [2]. - The goal is to enhance the supply levels in cultural entertainment, sports, domestic services, elderly care, and childcare sectors [2]. Group 3: Stimulating New Service Consumption - The policies aim to attract more foreign visitors for consumption by expanding the list of countries eligible for visa exemptions and optimizing visa policies for foreigners [2]. - There is an emphasis on expanding digital service consumption, encouraging e-commerce platforms to innovate in online and offline integrated service consumption scenarios [2]. - Support will be provided for the digital transformation and operational promotion of life service enterprises [2]. Group 4: Strengthening Financial Support - The measures include utilizing various funding channels, such as central budget investments and local government bonds, to support the construction of service facilities in culture, tourism, elderly care, childcare, and sports [3]. - Financial institutions will be encouraged to increase credit support for service consumption sectors, with a focus on reasonable loan interest rates to sustainably support service consumption [3]. - Local governments may establish or incorporate existing risk compensation funds to share consumption credit risks and promote financial products tailored to service consumption characteristics [3].

Core Viewpoint - The company plans to sell 100% equity of Kensington Park School Limited (KPS) for £80,000 (approximately ¥760,100) to Hong Kong KS Education Group Limited (KSE), which has been approved by the board of directors and does not constitute a related party transaction or a major asset restructuring [1][9][11]. Group 1: Transaction Overview - The sale of KPS is part of the company's strategy to optimize its asset structure and resource allocation, aiming to improve asset operation efficiency [29]. - The company has received a deposit of $27,880 (approximately ¥199,300) from KSE for the transaction [9]. - The board of directors approved the sale with 10 votes in favor and 1 abstention, with no opposing votes [10][32]. Group 2: Background and Financial Context - KPS has faced significant operational challenges due to various factors, including the global pandemic, geopolitical crises, and changes in UK education policies, leading to substantial cumulative losses [17][18]. - The company acquired KPS in 2022 and attempted to improve its operations, but continued pressures have resulted in projected EBITDA losses from 2025 to 2027 [29]. - The decision to sell KPS is expected to generate approximately ¥20 million in investment income and increase the company's net assets by about ¥27 million [29]. Group 3: Valuation and Pricing - The valuation of KPS was assessed at £50,000 (approximately ¥480,000) based on an evaluation report, with a significant increase in value of £20,314.3 (102.42% increase) [11][21]. - The agreed transaction price of £80,000 reflects a negotiated amount above the assessed value, indicating a strategic decision to divest from a non-core asset [11][22]. Group 4: Impact on Company - The sale aligns with the company's strategic transformation post "double reduction" policy, focusing on core business areas such as quality education and international education [29]. - Following the sale, the company will no longer hold any shares in KPS, leading to changes in its consolidated financial statements [29].