Core Viewpoint - The Ministry of Commerce and nine other departments have jointly issued policies to expand service consumption, aiming to boost domestic demand and improve people's livelihoods while supporting high-quality economic development [1]. Group 1: Specific Measures - Five main areas with 19 specific tasks are outlined in the policy measures to enhance service consumption [1]. - The first area focuses on cultivating service consumption promotion platforms and implementing quality improvement actions, including the "Service Consumption Season" activities [1]. - The second area emphasizes enriching high-quality service supply, enhancing levels in cultural entertainment, sports, housekeeping, elderly care, and childcare services, while expanding high-level openness in the service industry [2]. - The third area aims to stimulate new service consumption by attracting more foreign visitors and expanding digital service consumption [1]. - The fourth area highlights strengthening financial support through various funding channels, including central budget investments and local government bonds, to support service facility construction and increase credit support for service consumption [1]. - The fifth area involves improving statistical monitoring systems and innovating service consumption monitoring and analysis methods [1]. Group 2: Financial Support and Market Access - The policy encourages the orderly opening of sectors such as the internet and culture, and expanding pilot programs in telecommunications, healthcare, and education [2]. - It supports the inclusion of more service consumption areas in the "Encouraged Foreign Investment Industry Directory" and promotes differentiated service supply [2]. - The policy also aims to attract foreign investment and private capital in high-end medical and leisure sectors by reducing restrictive measures [2]. - Financial institutions are encouraged to increase credit allocation to the service consumption sector, with a focus on sustainable support and reasonable loan interest rates [2]. - Local governments are advised to establish risk compensation funds to share consumer credit risks and promote targeted consumption loan interest subsidies [2].

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].

Group 1 - The core viewpoint of the news is the issuance of a set of policies aimed at expanding service consumption to boost economic growth and improve living standards [1][2] - The measures include 19 specific tasks across five main areas, focusing on enhancing service consumption platforms and promoting new consumption models [1] - The initiative aims to enrich high-quality service supply in sectors such as culture, entertainment, and elderly care, while also expanding the openness of the service industry [1][2] Group 2 - The policies encourage the attraction of foreign consumers and the expansion of digital service consumption [1] - Financial support is emphasized, with plans to utilize various funding channels to enhance service infrastructure and provide credit support for service consumption [1][2] - The measures also call for the development of innovative financial products tailored to the needs of service consumption businesses [2]

Core Insights - The Ministry of Commerce and nine other departments released measures to expand service consumption, focusing on 19 specific initiatives to enhance service supply and stimulate demand [1][2] Group 1: Service Consumption Growth - Service retail sales increased by 5.1% year-on-year in the first eight months of the year, outpacing the 0.3 percentage point growth of goods retail sales [1] - The growth in service consumption is hindered by a shortage of high-quality service supply, which the Ministry aims to address through both domestic and international openings [1][2] Group 2: Specific Measures - Initiatives include promoting orderly openings in internet, culture, telecommunications, healthcare, and education sectors, and supporting the inclusion of more service areas in the encouraged foreign investment directory [2] - The measures also encourage the introduction of high-quality sports events and the development of a diversified education and training market [2] Group 3: Financial Support and Risk Mitigation - The measures emphasize strengthening financial support, including the establishment of funds to invest in qualifying service consumption enterprises and increasing credit support for service sectors [2][3] - A combination of government subsidies, financial support, and merchant discounts is proposed to mitigate consumer credit risks [3] Group 4: Stimulating New Consumption - Strategies to attract more foreign consumers, expand digital service consumption, and optimize student holiday arrangements are outlined to stimulate new service consumption [3] - The proposal includes exploring adjustments to school holiday schedules to increase opportunities for tourism and service consumption [3]

Core Viewpoint - The Chinese government is enhancing policy support for service consumption as a key measure to expand domestic demand, with 19 specific initiatives outlined in the recent policy measures [1][2]. Group 1: Policy Measures - The policy measures focus on five areas: cultivating service consumption promotion platforms, enriching high-quality service supply, and stimulating new service consumption growth [1][2]. - Specific initiatives include the implementation of a service consumption quality improvement action plan and the establishment of pilot cities for new consumption formats and models [2][3]. Group 2: Financial Support - The measures emphasize strengthening financial support through various funding channels, including central budget investments and local government bonds, to support the construction of cultural, tourism, and other service facilities [5]. - The People's Bank of China has set up a 500 billion yuan re-lending program to guide financial institutions in increasing support for high-quality service supply in sectors like accommodation, tourism, and education [4][5]. Group 3: Market Expansion - The policy encourages the opening up of sectors such as telecommunications, healthcare, and education to attract more foreign investment and enhance service supply [2][3]. - The government aims to optimize the supply of services by reducing restrictions in high-end medical and leisure sectors, thereby increasing the quality of service offerings [2][3].

Core Viewpoint - The Ministry of Commerce and nine other departments have jointly issued policies to expand service consumption, aiming to boost domestic demand and improve people's livelihoods while promoting high-quality economic development [1] Group 1: Specific Measures - Five main areas with 19 specific tasks are outlined to enhance service consumption, including creating platforms for service consumption, improving service quality, stimulating new service consumption, increasing financial support, and optimizing statistical monitoring [1] - The initiative includes activities like "Service Consumption Season" and the development of new business models and scenarios to integrate commerce, tourism, culture, and sports [1] Group 2: High-Quality Service Supply - The policies aim to enrich high-quality service supply by promoting orderly opening in sectors like the internet, culture, telecommunications, healthcare, and education, while encouraging foreign investment in these areas [2] - There is a focus on attracting high-profile sports events and reducing market entry restrictions in mid-to-high-end healthcare and leisure sectors to increase quality service offerings [2] Group 3: Financial Support - The measures propose comprehensive use of monetary and credit policies to support financial institutions in increasing credit for service consumption, with an emphasis on sustainable loan rates [2] - Local governments are encouraged to establish risk compensation funds to mitigate consumer credit risks and promote collaboration between financial institutions and businesses to develop tailored products for service consumption [2]

Investment Rating - The industry investment rating is "Positive" [2] Core Insights - The report highlights the release of policies aimed at boosting service consumption and expanding domestic demand, with a focus on various sectors including education, tourism, IP, sports, exhibitions, and nursing [3] Summary by Relevant Sections Education - Focus on K12 education and vocational training, with expectations for smoother approval processes for non-academic training licenses and increased market opportunities for employment-oriented vocational education. Recommended companies include DouShen Education, Angli Education, and China Oriental Education [3] Tourism - Emphasis on attracting more foreign visitors and enhancing travel services. Investment opportunities are identified in OTA (Online Travel Agencies) such as Ctrip Group, scenic spots like Xiyu Tourism, hotels like ShouLi Hotel, and tourism retail companies like China Duty Free Group [3] Intellectual Property (IP) - Recommendations to explore traditional cultural IP markets and develop new service consumption scenarios. Companies to watch include Songcheng Performance and Pop Mart [3] Sports - Encouragement for introducing foreign sports events and supporting local sports competitions. Investment opportunities include event operations firms like Lisheng Sports and Lansheng Co [3] Exhibitions - Focus on cultivating international markets for medical and exhibition services, with recommended companies including Lansheng Co and Miao Exhibition [3] Nursing - Highlighting the importance of training personnel in elderly care and long-term care services, with a focus on Saint Bella [3]

新华社北京9月16日电 商务部等9部门16日对外发布《关于扩大服务消费的若干政策措施》，提出五方 面19条举措进一步扩大服务消费。 文件提出，实施服务消费提质惠民行动，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。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。 此外，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。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。 文件还明确，优化学生假期安排，完善配套政策。在放假总天数和教学时间总量保持不变的情况下，鼓 励有条件的地方结合气候条件、生产安排、职工带薪休假制度落实等因素，科学调整每学年的教学和放 假时间，探索设置中小学春秋假，相应缩短寒暑假时间，增加旅游出行等服务消费时间。（记者王雨萧 魏弘毅） 文件要求，结合实际、因地制宜延长热门文博场馆、景区营业时间，优化预约方式，鼓励推行免预约。 鼓励引进国外优秀体育赛事，支持地方举办大众体育 ...

商务部9月16日消息，近日，商务部等9部门发布《关于扩大服务消费的若干政策措施》。《政策措施》 提出，统筹利用中央预算内投资、地方政府专项债券等各类资金渠道，支持符合条件的文化、旅游、养 老、托育、体育等服务设施建设。支持服务贸易创新发展引导基金按市场化原则投资符合条件的服务消 费企业，引导社会资本加大对服务消费相关领域投资。综合运用货币信贷等政策工具，支持金融机构扩 大服务消费领域信贷投放，加大对服务消费领域经营主体信贷投放力度，合理确定贷款利率水平，可持 续支持服务消费。支持金融机构针对服务消费经营主体特点和融资需求，创新开发特色金融产品和服 务。鼓励金融机构加强对多元化服务消费场景、集聚区和相关重点项目建设支持。 ...