Group 1 - The core focus of Chengdu's economic work for 2026 includes stimulating consumer vitality, enhancing foreign trade quality, and deepening open cooperation [1][3] - Chengdu's Commerce Bureau plans to implement special actions to boost consumption, including promoting the exchange of old consumer goods for new ones and expanding the second-hand car market [1] - The city aims to enhance service consumption by improving the quality of sectors such as catering and home services, and by launching initiatives like the "Hundred Products Thousand Stores" plan [1] Group 2 - In terms of enhancing foreign trade quality, Chengdu will strengthen the integration of production and trade, and support enterprises in expanding into diverse markets [3] - The city will promote the integration of trade and investment, as well as domestic and foreign trade, while encouraging the development of new foreign trade models [3] - Chengdu plans to innovate in digital and green trade to create new growth points and aims to include more products in the bonded maintenance directory [3] Group 3 - To deepen open cooperation, Chengdu will align with international high-standard economic and trade rules and implement strategies to enhance its free trade zone [3] - The focus will be on characteristic advantageous industries and emerging strategic industries, promoting a comprehensive open trial across the entire industrial chain [3] - The city aims to enhance the level of trade and investment liberalization and facilitation, while improving the allocation of international high-end factor resources [3]

Core Insights - The article discusses the contrasting consumer behavior and retail data between Shanghai and Beijing, highlighting that Shanghai's clothing and cosmetics consumption is significantly higher than Beijing's, while Beijing excels in gold and jewelry spending [3][5]. Group 1: Retail Data Overview - In the first eleven months of 2025, Shanghai's clothing and cosmetics consumption was six times and four times that of Beijing, respectively [3]. - The total retail sales of consumer goods in Shanghai for October was 1547.46 billion, with a year-on-year growth of 8.6%, while Beijing's was 13850.24 billion with a growth of 4.8% [5]. - The retail sales of gold and jewelry in Beijing showed a significant increase of 28.4% in October, while Shanghai's growth was 6.5% [5]. Group 2: Consumer Trends - Since last year, first-tier cities like Beijing and Shanghai have consistently lagged behind the national average in retail sales growth, with a gap that has widened to 10 percentage points by mid-2025 [6][8]. - The consumption patterns indicate that while first-tier cities are experiencing slower growth, second and third-tier cities are showing more robust performance, with an average growth rate around 5% [26]. Group 3: Factors Influencing Consumption - The differences in automobile purchase policies between Beijing and Shanghai have impacted consumer behavior, with Beijing's stricter regulations leading to a decline in sales growth [17][19]. - The recovery of public transport usage in Shanghai is higher than in Beijing, contributing to a more vibrant consumer environment [22]. - The influx of international tourists in Shanghai has significantly boosted local consumption, with 828.2 million visitors recorded in the first eleven months of 2025, marking a nearly 40% increase [22]. Group 4: Economic Context - The pressure from housing loans in first-tier cities is a core reason for the reduced consumer spending, as high property prices limit disposable income [26]. - The shift in consumer spending from large purchases to smaller, more frequent expenditures reflects a change in financial priorities among residents in first-tier cities [28][30].

转自：新华社 新华财经纽约12月30日电（记者杨士龙）圣诞节期间，纽约街头流光溢彩、人流如织，但在热闹节日表象下，却难掩这样一个现实：越来越多的美国普通消 费者不得不更谨慎地规划支出。 美国经济"K型"分化的现实，正在街头显现：高收入群体仍像往常一样消费，而中低收入消费者因生活成本显著提升而削减开支。 12月22日，游客在美国纽约时报广场2026年数字牌前留影。新华社记者张凤国摄 "头重脚轻的积木塔" "K型"分化原指在经济复苏中，不同社会阶层、行业或群体的经济状况呈现明显背离趋势。一些群体经济状况快速改善，而另一些群体则持续恶化，形成类 似字母"K"的走势。 "K型"经济概念的推广者、威廉与玛丽学院经济学者彼得·阿特沃特将当前美国经济状况比喻为"头重脚轻的积木塔"："顶端（富裕阶层的消费和资产价值） 不断加高，而基础（普通家庭的购买力和经济安全感）却日益脆弱。整个结构虽然表面壮观，但稳定性正持续下降。" 美国银行11月发布的2025年假日消费调查报告显示，在当前经济环境下，62%的美国消费者会因假日消费而承受额外财务压力；高达87%的人计划主要在折 扣店等优惠渠道完成节日购物。 12月18日，一名男子在美国 ...

元旦300余项特色活动启动"在上海过年"；迎新跨年景点"夜狂欢"、商圈"不打烊"；还有12个重点商圈 投入超9000万元消费券。 12月30日下午，上海市政府新闻办举行新闻发布会，市委宣传部副部长黄斌兵、市商务委副主任刘敏介 绍2026跨年迎新系列主题活动，市文旅局副局长王志华、市体育局一级巡视员宋慧、浦东新区副区长徐 欣、黄浦区副区长沈丹娜、静安区副区长胡勇共同出席新闻发布会，并回答记者提问。 2025年9月 元旦300余项特色活动启动"在上海过年" 30日，上海吴淞口国际邮轮港，市民游客在拍摄烟花秀。智通财经记者 朱伟辉 资料图 上海市委宣传部副部长黄斌兵透露，本次跨年迎新季将从即日起持续至2026年3月3日，横跨元旦、春节 与元宵三大节点，以"我们的节日"马年迎春为叙事主线，由市区两级部门联手推出数百项特色活动，致 力于在"浓郁中国年味、全球好货供给、优惠促销价格、最美出片场景"四个维度上，与大家共同解 锁"过年"的新体验。 其中，元旦期间，将呈现300余项特色活动，包括文艺演出132场、演唱会13场，以及文博美术展134 项；春节长假，将有近400项特色活动，包括文艺演出120余场、多场演唱会和近60 ...

智通财经APP讯，绿茶集团(06831)发布公告，于2025年12月30日斥资59.41万港元回购9.04万股。 ...

绿茶集团(06831)发布公告，于2025年12月30日斥资59.41万港元回购9.04万股。 ...

随着新年节日氛围日渐浓郁，上海跨年迎新季拉开帷幕。 2026年跨年迎新将以"我们的节日·马年迎春"为主线，通过文旅商体展全面联动，推出数百项特色活 动，全景式呈现城市的节日氛围与活力。 本次"跨年迎新季"将围绕"新年第一游"、"新年第一跑"、"古镇过大年"、"马上有好戏"等八大主题板块 展开。 元旦期间，全市将呈现300余项特色活动，涵盖文艺演出、演唱会及文博美术展览。 同步启动的"跨年迎新消费季"则以"商圈寻马迎春季"、"新春美食季"、"商品换新季"等六大主题为核 心，策划了上百场重点促消费活动。活动将覆盖全市重点商圈、商业街区、重点企业及电商平台。 随后的春节长假期间，活动规模将进一步扩大至近400项，除各类文艺演出外，还将举办19场全国级以 上体育赛事。 此外，上海将继续组织实施国家消费品以旧换新政策，联动品牌商与经销商，同步发布年度新品并提供 叠加折扣，旨在推动以旧换新活动释放新动能。 上海市商务委副主任刘敏在发布会上介绍，元旦春节期间，属地区政府将聚焦陆家嘴、南京西路、南京 东路、徐家汇、五角场等12个重点商圈，投入超过9000万元资金，用于发放商圈零售餐饮消费券，并开 展满减、抽奖等促销活动。 上 ...

2025年，存款利率不断走低，最火的理财方式是什么？近日，蚂蚁财富与小红书联合发起年度理财关键词投票，由2万多名网友票选出了五大关键词：黄金 血脉觉醒、新三金、存款搬家、A股慢牛和AI叙事理财。 "存款搬家到黄金、基金、股市、保险等，是资金在用脚投票，"在线下理财开放麦现场，经济学家、香帅数字经济研究中心创始人香帅表示，当前经济背景 下，资金避险需求凸显，以黄金基金、货币基金、债券基金为代表的"新三金"成为普通人的核心选择，本质是防御型资产组合配置思路的普及。 香帅进一步提到，在稳住基本盘之外，也需要在AI叙事的浪潮中，寻找增长方向。"AI赛道即便存在泡沫，仍是通往未来的'高速列车'，参与逻辑并非追 高，而是要把握优质AI科技股30%以上回调后的'打折窗口'。"香帅说道。 黄金热度贯穿全年 2025年，黄金市场热度贯穿全年，跑步入局的不仅有"妈妈辈"，中青年投资者更是将其视为理财的心头好。 香帅指出，当前经济背景下，资金避险需求凸显，"新三金"的选择，本质是防御型资产组合配置思路的普及，主要为实现流动性、稳健性与收益性的平衡。 其中，货币基金如同"应急钱包"，随取随存，收益远超活期存款，适配年轻人日常开支与突 ...

证券研究报告 | 2025年12月30日 板块复盘：消费者服务板块报告期内上涨 6.28%，跑赢大盘 4.61pct。报告 期内（2025 年 12 月 15 日-2025 年 12 月 28 日），国信社服板块涨幅居前的 股票为中国中免（16.91%）、中教控股（13.76%）、科德教育、凯撒旅业、 首旅酒店、同道猎聘、君亭酒店、天立国际控股、桂林旅游、豆神教育。 行业与公司动态：海南全岛封关运作首周离岛免税购物金额即实现 11 亿 元，同比增长 54.9%，人均消费达 6667 元，同比增长 16%；上海浦东、 虹桥机场及北京首都机场免税店招标结果相继落地，中国中免成功连中 三标。亚朵持续推进产品迭代以提振经营效率，旗下新品"亚朵 3.6" 通过模块化建设实现筹建周期缩短 20%，首批门店 RevPAR 显著优于同商 圈酒店。临近元旦假期，旅游市场升温，2026 年元旦假期国内航线机票 预订量已突破 106 万张，同比增长约 45%；出入境航线预订量超 53 万张， 同比增长 15%。此外，氛围十足且活动丰富的主题乐园成为年轻人跨年 狂欢的又一选择。12 月 27 日至 28 日，东方甄选"看世界"团队赴 ...

Core Insights - The upcoming New Year's holiday is driving a surge in restaurant bookings in Beijing, with many establishments reporting high demand for dining experiences, especially on New Year's Eve [1][2] - Several well-known restaurants and traditional brands are fully booked for their New Year's Eve dinners, indicating a strong consumer interest in festive dining [1][4] Group 1: Restaurant Performance - Beijing's Hu Da restaurant has seen a 5.4% increase in customer traffic compared to last year, with expectations of over 20% growth in customer flow on New Year's Eve [2] - Haidilao has reported that nearly half of its Beijing locations are fully booked for New Year's Eve, with some stores receiving over 100 table reservations [2] - Overall, Haidilao's Beijing area has nearly 6,000 table reservations, showing stable growth compared to the same period last year [2] Group 2: Innovations and New Offerings - Haidilao is enhancing customer experience by increasing staff, preparing sufficient materials, and offering drinks and snacks to waiting customers during peak times [3] - The company is also introducing interactive games and magic performances to create a festive atmosphere [3] - The restaurant chain Xiaobai Xiaobai is focusing on innovation by launching new menu items and seasonal offerings, including a "Nine Grid Brand" upgrade [3][5] Group 3: New Store Openings - Several traditional restaurants, including Quanjude and Donglaishun, have opened new locations to attract younger consumers and tourists, leveraging their proximity to popular attractions [4] - Quanjude's new store features 132 seats and scenic views, while Donglaishun's design incorporates environmental themes to appeal to modern aesthetics [4] Group 4: Prepping for Spring Festival - Many restaurants are already preparing for the Spring Festival, with popular brands like Huguosi Snacks launching their products early [7] - Quanjude has opened reservations for its New Year's Eve dinner, featuring a menu that includes signature dishes from various locations [7] - Several traditional restaurants are set to offer handmade yuanxiao (glutinous rice balls) during the New Year's holiday, indicating an early start to the festive atmosphere [7]