为充分发挥财政资金引导带动作用，加大直达消费者的普惠政策力度，进一步激发消费需求，释放消费 活力，近日，财政部、商务部、税务总局联合印发通知，开展有奖发票试点工作。 来源：央视新闻 审核：张远 责编：谢丛蔓 惠晓晗 通知明确将对消费者购买商品和服务取得的发票组织抽奖，具体涉及零售、餐饮、住宿、文化艺术、娱 乐、旅游、体育、居民服务业等领域。试点城市自行确定中奖发票最低票面额度（不低于100元）、中 奖比例和奖项设置，及时兑付补贴资金。单张发票奖项金额原则上不超过800元。中央财政对试点城市 分档安排奖补资金。其中，超大特大城市不超过3亿元，大城市不超过2亿元，其他城市不超过1亿元。 实施时间为6个月，在50个左右试点城市开展此项工作。 大家都在看 ...

Core Viewpoint - The "Water and Land Collection Day Street Market" in Zhenjiang's Jingkou District successfully integrates cultural experiences with festive atmosphere, enhancing community warmth and engagement during the year-end celebrations [1][9]. Group 1: Event Overview - The street market features a blend of food, cultural creativity, intangible heritage, and pet-friendly activities, attracting a large number of visitors [1]. - The market is strategically located in the Water and Land Temple Lane cultural commercial area, adjacent to popular attractions like Suning Plaza and a well-known food street [3]. Group 2: Economic Impact - The Jingkou District has seen significant economic growth, with popular stores experiencing a 3-4 times increase in revenue during the recent holidays, and an average increase of nearly 40% in foot traffic and sales across the street [3]. Group 3: Community Engagement - The market emphasizes local participation, with 75% of the stalls allocated to local residents and businesses, fostering a sense of community and local culture [5]. - Local artisans and independent designers showcased their work, contributing to a vibrant atmosphere and promoting local creativity [5]. Group 4: Cultural Experience - The event featured various performances, including live music and traditional instruments, enhancing the cultural experience for attendees [7]. - The market aims to revive the warmth of neighborhood interactions and cultural experiences that have been fading over time [9].

（原标题：百胜中国(09987)12月31日斥资620.96万港元回购1.68万股） 智通财经APP讯，百胜中国(09987)发布公告，于2025年12月31日斥资320万美元回购6.71万股;斥资 620.96万港元回购1.68万股。 ...

Group 1 - The core point of the article highlights that China has seen a significant increase in billionaires, with 70 new individuals surpassing a net worth of $1 billion in just one year, making it the highest growth globally [1] - The total number of billionaires in China has reached 470, second only to the United States, with a combined wealth of 12.7 trillion yuan, reflecting a 22.2% increase year-on-year [1] - The report indicates a shift in wealth creation from real estate to technology and consumption sectors, emphasizing that innovation in areas like AI, chips, and consumer goods is driving this change [1] Group 2 - The technology sector has produced billionaires with a wealth growth rate of 40%, significantly outperforming other industries [2] - Notable examples include Lei Jun, whose wealth surged from 129 billion to 326 billion yuan due to advancements in electric vehicles, and Chen Tian Shi, whose wealth increased by nearly 150 billion yuan through AI chip breakthroughs [4] - The pharmaceutical industry is also contributing to wealth creation, with individuals like Zhong Huijuan of Hansoh Pharmaceutical seeing an 83% increase in net worth, reaching 141 billion yuan [4] Group 3 - The new consumption trend is reshaping the market, with companies like Pop Mart and Mixue Ice Cream achieving remarkable success through innovative products and pricing strategies [5] - Pop Mart's founder saw a wealth increase from over 20 billion to 180 billion yuan, while the Zhang brothers of Mixue Ice Cream expanded their business to over 20,000 stores, doubling their wealth to 60 billion yuan [5] - The rise of new consumption billionaires reflects a significant transformation in China's consumer market, where younger consumers prioritize experience and affordability [5][7] Group 4 - The article suggests that ordinary individuals still have opportunities to participate in wealth creation, but the dynamics have changed, favoring innovation and market insight over traditional resource-based wealth [8] - The disparity in wealth growth, with billionaires' wealth increasing at a rate far exceeding GDP and average income growth, raises concerns about widening wealth gaps [8] - The need for policies that balance innovation encouragement and wealth sharing is emphasized, advocating for measures that support small businesses and equitable wealth distribution [8] Group 5 - The transformation of China's wealth landscape is evident, with technology and consumption emerging as the new drivers of wealth creation, as illustrated by the success stories of individuals like Lei Jun, Chen Tian Shi, and others [10] - The next wave of billionaires may emerge from fields like brain-computer interfaces and the metaverse, highlighting the importance of trend awareness and innovation [10] - The article concludes that each cycle of wealth redistribution opens new opportunities, encouraging individuals to accumulate knowledge and skills to position themselves for future success [10]

智通财经APP讯，遇见小面(02408)发布公告，有关全球发售的稳定价格期于2026年1月1日(星期四)(即递 交香港公开发售申请截止日期后第30日)结束。独家保荐人兼整体协调人(为其本身及代表国际包销商)于 稳定价格期间并无行使超额配股权，超额配股权于2026年1月1日(星期四)失效。因此，概无根据超额配 股权发行或将发行H股。 ...

Core Insights - The article discusses the growth and challenges of Baba Mantou, a Chinese breakfast chain that has successfully entered the capital market despite being in a traditionally low-margin industry [6][12][14]. Group 1: Company Overview - Baba Mantou, founded by Liu Huiping, has expanded rapidly through a franchise model, with 5,685 stores across China as of the latest report [14][26]. - The company reported a revenue of 1.356 billion yuan for the first three quarters of 2025, a year-on-year increase of 12.05%, and a net profit of 201 million yuan, up 3.5% [6][7]. - Baba Mantou's business model focuses on selling raw materials to franchisees, positioning itself as a frozen food manufacturer rather than just a traditional dumpling shop [14][19]. Group 2: Market Dynamics - The Chinese bun market is highly fragmented, with the top five companies holding only 5.1% of the market share, indicating low industry concentration [23][26]. - Despite revenue growth, Baba Mantou faces challenges with profitability, as evidenced by a 16.07% decline in net profit in the third quarter of 2025, despite a 16.74% increase in revenue [26][27]. - The company has seen an increase in store closures, from 341 in 2020 to 926 in 2024, attributed to various factors including lease issues and poor individual franchise performance [27][28]. Group 3: Operational Insights - Franchisees report high operational demands, with significant early morning preparation required, and the total cost to open a franchise is approximately 120,000 to 130,000 yuan [16][17]. - Baba Mantou provides comprehensive support to franchisees, including site selection, training, and ongoing management assistance [19][20]. - The company has introduced new store formats to enhance customer experience and increase average transaction value, although the effectiveness of these changes remains to be seen [39][40].

财政部、商务部、国家税务总局2025年12月31日对外发布通知称，为进一步激发消费需求，释放消费潜力， 三部门将支持50个左右城市开展有奖发票试 点工作，政策实施期为6个月。 三部门有关负责人表示，试点城市将按照通知要求，结合地方实际，制定有奖发票试点工作实施方案，明确有奖发票范围、参与方式、中奖规则、奖项设 置、兑奖方法、违法行为举报等要求，并向社会公布。 消费者可关注试点城市公告，根据公布的有奖发票活动具体要求，积极参与。 来源：财政部官网 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 官网截图 通知称，试点城市对个人消费者以本人名义向零售、餐饮、住宿、文化艺术、娱乐、旅游、体育、居民服务业等行业的经营主体购买商品和服务，且取得 的票面金额在一定额度以上的发票组织抽奖。 财政部、商务部、国家税务总局有关负责人介绍， 此次出台的有奖发票试点政策着重从需求端发力，鼓励居民消费并取得发票后参与抽奖 。试点政策覆 盖日常消费主要场景，如购物、外出就餐、旅游住宿、文体活动、生活服务等，与居民"衣食住行"密切相关。 通知明确，试点城市申报范围为地市级及以上城市（包括直辖市，计划单列市，各省、自治区省会 ...

三部门将支持50个左右城市开展有奖发票试点 转自：新华社 财政部、商务部、国家税务总局2025年12月31日对外发布通知称，为进一步激发消费需求，释放消费潜 力，三部门将支持50个左右城市开展有奖发票试点工作，政策实施期为6个月。 记者：申铖 通知称，试点城市对个人消费者以本人名义向零售、餐饮、住宿、文化艺术、娱乐、旅游、体育、居民 服务业等行业的经营主体购买商品和服务，且取得的票面金额在一定额度以上的发票组织抽奖。 财政部、商务部、国家税务总局有关负责人介绍，此次出台的有奖发票试点政策着重从需求端发力，鼓 励居民消费并取得发票后参与抽奖。试点政策覆盖日常消费主要场景，如购物、外出就餐、旅游住宿、 文体活动、生活服务等，与居民"衣食住行"密切相关。 通知明确，试点城市申报范围为地市级及以上城市（包括直辖市，计划单列市，各省、自治区省会或首 府城市，地级市、州、盟）。中央财政将对试点城市分档安排奖补资金。 三部门有关负责人表示，试点城市将按照通知要求，结合地方实际，制定有奖发票试点工作实施方案， 明确有奖发票范围、参与方式、中奖规则、奖项设置、兑奖方法、违法行为举报等要求，并向社会公 布。消费者可关注试点城市公 ...

Core Viewpoint - The article highlights the emergence of "Wanli" as a new commercial hub in Beijing, offering a variety of shopping, dining, and entertainment experiences, encouraging exploration and engagement with the city's cultural offerings [4][5][6]. Group 1: Commercial Development - "Wanli" is described as a massive commercial complex located in the city's sub-center, comprising three main sections: Wangfujing Well-Town, Tingyun Town, and Nuo Lan Hotel, easily accessible via subway lines 1 and 7 [4]. - The area features a diverse range of retail and experiential consumption options, including unique stores like "Heitou," which offers globally sourced products, and a dinosaur-themed exploration center [4]. Group 2: Dining and Entertainment - Approximately 40% of the space in Wangfujing Well-Town is dedicated to dining and entertainment brands, providing a vibrant atmosphere for visitors to enjoy food and leisure activities [5]. - The complex includes various themed restaurants and unique concept stores, catering to a wide range of tastes and preferences [5]. Group 3: Cultural and Artistic Offerings - The Bay Area Contemporary Art Center, located on the fifth floor, features an exhibition titled "The Best of Spring - Walking in Gardens and Mountains," showcasing 49 artworks from 32 modern Chinese masters, available for free visits through prior reservation [6]. - Visitors can also enjoy scenic views of the Beijing Universal Studios theme park from the Nuo Lan Hotel, enhancing the overall experience of the area [7].

（来源：中国经济导报） 转自：中国经济导报 为了满足旅游旺季和研学旅游、亲子旅游、冰雪旅游、银发旅游等季节性旅游出行的需求，2025年底， 文旅部、中国民航局印发《文化和旅游与民航业融合发展行动方案》，提出要增加相应航班，还要重点 培育打造一批入境游精品航线。 此外，"跟着赛事去旅行"这一文体旅融合的现象级热点则在2025年成为了"爆款"。场均超2.8万人观 赛、线上直播观看人次超20亿，2025年被称为"苏超"的江苏省城市足球联赛作为"家门口的赛事"，让体 育故事迸发出炽热的情感感召力，市民从赛事的"旁观者"变成"参与者"。赛后，人们不急于离开，而是 沿着票根延伸的路径继续体验所在城市。这种"票根经济"利用需求价格弹性激活交通、零售、住宿等多 个链条，放大了消费总量。抖音生活数据显示，2025年第十五届全运会开幕首周，广州、深圳餐饮消费 同比均增长140%以上。 为搭上"票根经济"的"快车"，各地加强空间联动、业态融合、区域协同：广州、深圳等城市实现了"凭 全运会票证享公交、景区、餐饮联动"；"川超"期间，广元市积极探索"体育+"融合发展新路径；上海探 索在演出、活动期间延长部分餐厅、商店运营时间，推出限时 ...