多方协同，加速建设 多层次资本市场体系 一直以来，云南省委、省政府高度重视多层次资本市场建设与发展。"十四五"时期，针对上市公司发展，云南组织多部门协力合作，连续实施企业上市倍 增三年行动和提高上市公司质量行动。 云南证监局坚决贯彻相关政策，落实证监会的各项部署，会同相关部门从推动企业上市、提高治理水平、引导做优做强、解决突出问题、形成工作合力等 方面持续发力，上市公司治理能力、竞争能力、创新能力、抗风险能力、回报能力持续提升，与云南经济发展水平基本匹配。 "十四五"时期，云南辖区新增境内上市公司6家。截至2025年末，全省共有境内上市公司39家。其中沪市15家（均为主板）、深市22家（主板16家、创业 板6家）、北交所2家，总股本700.26亿股。香港上市公司5家，新三板挂牌公司45家，拟上市辅导备案企业9家。 云南区域性股权市场的发展也取得了突破。 云南，地处我国西南边陲。近年来，云南充分利用其独特的地理位置，立足自身资源优势培育绿色能源、文旅等特色产业，取得了优异成绩。 "十四五"时期，云南的经济体量进一步跃升，2023年历史性突破3万亿元，2024年达3.15万亿元；2025年达到3.28万亿元，同比 ...

Core Viewpoint - Yingxin Development (000620.SZ) has announced a plan to acquire 60% of Guangdong Changxing Semiconductor Technology Co., Ltd. for 520 million yuan, which will enhance its business capabilities in the semiconductor sector and improve its financial performance [1][3]. Financial Performance - For the fiscal years 2024 and 2025, Changxing Semiconductor is projected to generate revenues of 405.97 million yuan and 645.51 million yuan, respectively, with net profits of 2.21 million yuan and 74.57 million yuan [1][2]. - Yingxin Development reported a net loss attributable to shareholders of 533.14 million yuan for 2024, a significant decline compared to a profit of 351.90 million yuan in 2023, marking a 251.50% decrease [4][5]. Acquisition Details - The acquisition will be financed through cash and is expected to be completed after approval from the company's shareholders. It does not constitute a related party transaction or a major asset restructuring as per regulatory definitions [3]. - The valuation of Changxing Semiconductor was assessed using both asset-based and income approaches, with the income approach yielding a market value of 926.50 million yuan, indicating a substantial increase of 520.69% over the book value [2][3]. Strategic Implications - This acquisition aligns with Yingxin Development's strategy to integrate traditional business with emerging industries, particularly in the technology sector, thereby optimizing its revenue structure and enhancing profitability [3]. - The company aims to achieve a net profit of no less than 75 million yuan for the fiscal year 2026, with cumulative net profits of at least 155 million yuan for 2026 and 2027 combined [3].

央视网消息：眼下，春节旅游市场已迎来预订热潮。数据显示，融合文艺演出、民俗非遗、特色餐饮的综合性文旅体验备受青睐。 春节出行预订量增长 游客追求复合型体验 多家旅游平台数据显示，今年春节假期叠加亲子出游热潮、年俗文化体验升温等多重因素，有望刷新"最热春节"旅游纪录，持续推动旅游 市场焕新升级，难得的假期时光也进一步带动以家庭为单位的文旅消费成为春节旅游市场的核心增长点。从出游目的地来看，"冰雪游"与"避 寒游"形成两大主流趋势，带动新疆、青海等西北冰雪目的地，以及云南、海南等南方目的地的预订量持续增长。其中，海南三亚、海口等地 的预订量涨幅均接近一倍。 "节中出行"产品预订量同比增长超30% 出游时长方面，5至7天的产品预定仍占据市场主流，同时节中出行成为新亮点，不少游客选择延后出发时间，实现回乡过年与外出度 假"两不误"。截至目前，春节节中出行产品预订量同比增长超30%，其中大年初三迎来节中出行高峰，当日预订量较去年同期增长超40%。 中国旅游研究院院长 戴斌：各地的民俗旅游、科技旅游、文化旅游，包括青少年的研学旅游，都会让我们的游客走得更远，预计城乡居 民的出游人数将会再创历史新高。 入境游持续火热 "到 ...

1月27日，省十四届人大五次会议上，广州代表团举行开放团组活动。 "马年将至，广州过年，花城看花。我们已经准备好2000多场春节文旅活动，并已在陆续上演之中。我 诚挚邀请国内外游客到广州来，逛花市，赏花灯，观烟花，品美食，看一看'大湾鸡'，听一听《嘉禾望 岗》，共享年味最广州，共庆幸福中国年！"活动期间，省人大代表、广州市市长孙志洋向国内外游客 发出邀约。 看一看"大湾鸡" 听一听《嘉禾望岗》 2025年广州接待游客2.6亿人次 内需，特别是消费，一头连着经济发展，一头连着社会民生。孙志洋系统介绍了广州建设国际消费中心 城市的阶段性成果。 "广州，是国家重要的中心城市，也是国家重点培育建设的五个国际消费中心城市之一。"孙志洋 说，"十四五"时期，广州深入实施扩大内需战略，牢牢把握建设国际消费中心城市重大机遇，在"五 力"方面取得显著成效。 ——城市魅力全球出圈 广州在全球城市评价体系中持续进位。数据显示，广州五度获评《福布斯》"中国大陆最佳商业城市"榜 首，连续八年成为"中国首选投资目的地"。近年来，累计新设外资企业超3万家，世界500强在穗投资企 业增至368家。国际交往网络同步拓展，驻穗领馆达70家，国际 ...

Core Insights - The Spring Festival tourism market is experiencing a surge in bookings, with a notable preference for comprehensive cultural and tourism experiences that include artistic performances, intangible cultural heritage, and specialty dining [1] - The trend towards family-oriented travel is evident, with theme park hotel bookings increasing by over 90% year-on-year, indicating a shift towards quality and multifaceted experiences for the 2026 Spring Festival [1] Group 1 - Multiple travel platforms indicate that the 2026 Spring Festival holiday, combined with the popularity of family travel and cultural experiences, is expected to set new records for the "hottest Spring Festival" tourism, driving a renewal in the tourism market [4] - Family-based cultural tourism consumption is becoming the core growth point of the Spring Festival tourism market [4] Group 2 - The main travel trends include snow tourism and warm-weather escapes, leading to increased bookings in destinations like Xinjiang and Qinghai for snow activities, as well as Yunnan and Hainan for warmer climates, with booking volumes in places like Sanya and Haikou nearly doubling [6] - The 5 to 7-day travel packages remain the market's mainstream, with mid-holiday travel emerging as a new highlight, as many tourists opt to delay their departure to balance returning home for the holiday and vacationing [7] Group 3 - The China Tourism Research Institute predicts that various forms of tourism, including folk, technological, cultural, and youth study tours, will encourage travelers to venture further, with urban and rural residents' travel numbers expected to reach a historical high [9]

聚焦"急难愁盼" 件件可感可及 潍坊市民，赶快领取年度民生礼包啦！1月22日，记者从2026年潍坊市新办民生实事新闻发布会上 获悉，潍坊市政府工作报告中提出新办的12件民生实事（扫二维码看详情）目前已在全面推进中。 "校园餐"问题关系广大学生健康和安全，备受家长关心、社会关注。在潍坊市今年的民生实事中， 就提出为全市中小学食堂建成智慧管理系统，对食材采购、贮存、加工、售卖等环节实施全链条信息化 监管，让中小学学生吃得更安全、更健康。 据潍坊市教育局党组成员、副局长贾宝文介绍，潍坊市中小学智慧食堂管理建设依托山东省统一的 系统平台，通过在中小学配备智能电子秤、晨检仪、AI盒子等智慧食堂物联设备，实现省、市、县、 校四级联动。目前，潍坊各县（区）已全部制订中小学智慧食堂管理系统建设方案，安丘市、临朐县作 为全省改革试点，已在落地实施，其他县（区）也将于今年底前全部完成。 以文旅赋能青年成长，让青年学子共享城市发展红利、共建更好潍坊。潍坊将对驻潍院校及外地潍 坊籍在校大中专学生免收国有景区首道门票，鼓励有条件的非国有景区实行门票优惠，推进青年发展友 好型城市建设。"目前，全市共有104家A级旅游景区。其中，45家国 ...

Group 1 - The core viewpoint of the articles highlights the positive trends in China's consumption market in 2025, driven by various policies and consumer demand across multiple sectors [2][4][5] - The home appliance sector shows significant growth, with retail sales of refrigerators, gas stoves, and mobile phones increasing by 17.4%, 12.9%, and 18.6% year-on-year respectively [2] - The sales of new energy vehicles also demonstrate strong performance, with a year-on-year increase of 24.3% in unit sales and 21.1% in sales revenue [2] Group 2 - The integration of culture and tourism has revitalized consumer spending, with sales in cultural performances increasing by 17.3% and travel-related services seeing growth of 11.2% [2] - Digital empowerment is driving new consumption patterns, with internet service platforms and food delivery services growing by 9.4% and 13.3% respectively [3] - The digital cultural sector, particularly gaming and animation, shows potential with a 16.6% increase in sales revenue [3] Group 3 - The sports and health industries are experiencing robust demand, with sports exhibition services and consulting services growing by 12.2% and 27.8% respectively [3] - The aging population is contributing to increased spending in elder care services, with growth rates of 24.9% for elder care and 23.1% for social assistance services [3] - Childcare services are also expanding, with a 5.4% increase in sales revenue for nursery services [3] Group 4 - The expansion of tax refund policies for outbound tourists has significantly boosted inbound consumption, with a 305% increase in the number of tourists claiming refunds and a 95.9% increase in sales of refund-eligible goods [4] - The implementation of new tax refund policies has improved the shopping experience for inbound tourists, enhancing the overall consumption potential [4] - The diverse highlights of the consumption market in 2025 reflect the effectiveness of targeted government policies aimed at stimulating consumer spending [5]

消费是我国经济增长的重要引擎，总需求不足是当前经济运行面临的突出矛盾。中央经济工作会议确定 的8项重点任务中，"坚持内需主导，建设强大国内市场"位列首位，"十五五"规划建议提出，大力提振 消费。 提振消费存在哪些挑战？如何推动居民能消费敢消费愿消费？本版邀请来自东中西部三省份的发展改革 委、政研室负责人开展对话，结合一线实践分享各地因地制宜、真抓实干的举措。 ——编 者 【对话人】 杨秀玲（北京市发展和改革委员会主任） 马 伟（山西省委副秘书长、政研室主任、改革办常务副主任） 杨 立（四川省委副秘书长、政研室主任、改革办常务副主任） 有稳定收入能消费—— 促进居民稳定增收 促进高质量充分就业 问：扩大消费最根本的是促进就业，完善社保，优化收入分配结构，扩大中等收入群体，扎实推进共同 富裕。群众就业和增收难度加大，各省份促增收、稳就业有哪些挑战？ 杨秀玲："钱袋子"鼓了，消费才有活力。就业更加充分、更高质量，收入能够稳定增加。"十四五"时 期，北京市居民人均可支配收入从2020年的6.9万元增加到8.9万元，城镇调查失业率保持在较低水平。 马伟："十四五"时期，山西居民人均可支配收入稳步增长，但仍需缩小与全国平 ...

Core Viewpoint - Suzhou, known as "Paradise on Earth," has transformed its unique cultural advantages into high-quality development practices, serving as a practical example of humanistic economics in action [1]. Group 1: Cultural Transformation and Economic Development - Suzhou's unique cultural genes have fostered an excellent humanistic environment conducive to modern economic development, characterized by a blend of tradition and modernity [2]. - The educational tradition of "valuing culture and seeking excellence" has evolved into a strategy focused on science and education, leading to significant advancements in education and innovation [2]. - By 2025, Suzhou aims to establish 327 innovation consortia and has over 25,400 national technology-based SMEs, ranking first in the country [2]. Group 2: Industrial Upgrading and Market Dynamics - The "pursuit of excellence" has transformed into a focus on craftsmanship and integrity, driving the upgrade of traditional industries and fostering a technology-intensive industrial landscape [3]. - By 2025, high-tech industries are expected to account for 57% of the total industrial output value, with 55 national manufacturing champions and 848 "specialized and innovative" enterprises [3]. - Suzhou has attracted over 18,000 foreign enterprises and more than 180 Fortune 500 companies, contributing to a robust open economy [3]. Group 3: Social Responsibility and Governance - The cultural value of "caring for the world" has translated into a commitment to social responsibility, with private enterprises contributing over 50% of the city's economic output and 60% of tax revenue [4]. - Suzhou's government has pioneered reforms in social security and market regulation, enhancing the efficiency and effectiveness of governance [6]. Group 4: Human Capital and Market Environment - Suzhou boasts a high-quality human capital base, with 3.9 million talents and a skill talent ratio exceeding 35%, ranking first in Jiangsu Province [5]. - The city has created a favorable business environment, recognized for its efficient governance and market-oriented reforms, including the "one-stop service" initiative [7]. Group 5: Integration of Culture and Economy - Suzhou exemplifies the integration of cultural and economic elements, leveraging its rich cultural heritage to enhance economic development, such as through tourism and cultural preservation [8][9]. - The city has achieved a balance between material and spiritual development, maintaining high living standards and a strong sense of community among its residents [10][11].

Core Viewpoint - The fiscal system in the province is focused on achieving a robust economic recovery and improving people's welfare while laying a solid foundation for the "15th Five-Year Plan" through a more resilient and high-quality fiscal policy [1][2][8] Fiscal Performance - In 2025, the province's total fiscal revenue reached 7018.7 billion, marking a 2.4% year-on-year increase, with general public budget revenue at 4501.7 billion, up 2.5%, and general public budget expenditure at 11516.1 billion, growing by 0.5% [2] - Over the "14th Five-Year" period, the province's general public budget revenue and expenditure reached 22 trillion and 54 trillion respectively, ranking 8th and 6th nationally, with growth rates of 18.8% and 19.9% compared to the previous five years [1] Investment and Economic Support - The province implemented policies to stimulate investment and consumption, with over 200 billion allocated to support key projects in critical areas [2] - Special funds of 175.1 billion were allocated to enhance the transportation network, achieving record highs in port throughput and international train operations [2] Support for Enterprises - The province has rolled out fiscal policies to support small and medium-sized enterprises, including issuing bonds to clear debts and optimizing the procurement environment [3] - State-owned financial capital has significantly increased, with total assets of 47 trillion, a 54% increase since early 2021, and net assets growing by 58.5% [3] Focus on Key Areas - Fiscal funds are directed towards technology innovation, rural revitalization, and social welfare, with significant investments in agricultural safety and infrastructure [4][5] - The province's spending on people's livelihoods reached 8499.4 billion, accounting for 73.8% of general public budget expenditure, with a focus on education, healthcare, and social security [5] Risk Management - The province has established a multi-faceted risk prevention system, focusing on debt resolution and platform transformation to ensure high-quality development [6] - In 2025, the province issued 1227 billion in replacement bonds and implemented strict management mechanisms to mitigate debt risks [6] Fiscal Reform and Management - The province is advancing fiscal management reforms, including zero-based budgeting and performance management, to enhance resource allocation and fund efficiency [7] - A total of 290.9 billion was saved through fiscal reviews, demonstrating a commitment to fiscal discipline [7] Future Outlook - The fiscal system will continue to focus on the "1+2+4+N" target system, implementing more proactive fiscal policies to support economic growth and modernization efforts in the province [8]