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 Viewpoint - The company has announced a comprehensive upgrade of its ESG (Environmental, Social, and Governance) strategy, aiming to integrate sustainability into its operations and create a positive cycle between value creation and social responsibility [2][11]. Group 1: ESG Strategy Overview - The company’s vision is to "care for health, cherish life, and protect the environment," structured around five pillars: "Guarding the Earth," "Product Leadership," "Employee Growth," "Community Promotion," and "Steady Governance" [2]. - The "Guarding the Earth" pillar focuses on climate change and carbon target management, promoting green manufacturing and circular economy exploration [2]. - "Product Leadership" emphasizes sustainable and high-quality products as core competitiveness, accelerating the application of green packaging and eco-friendly materials through innovation [2]. - The "Employee Growth" pillar highlights a people-oriented approach, enhancing human capital development and promoting diversity and employee welfare [2]. - "Community Promotion" prioritizes social value, expanding public welfare practices to improve medical accessibility [2]. - "Steady Governance" aims to strengthen business ethics, compliance management, and information security through a robust governance framework [2]. Group 2: Governance and Compliance - The company has optimized its governance structure, ensuring effective collaboration among the shareholders' meeting, board of directors, supervisory board, and management [3]. - The board consists of seven members, including three independent directors and three female directors, reflecting a commitment to gender balance and professional diversity [3]. - The company has established a pre-communication mechanism for major decisions, ensuring scientific and transparent decision-making [3]. - In 2024, the company will hold a board and supervisory board re-election, incorporating a free speech session for outgoing and incoming members to maintain governance culture [3]. Group 3: Investor Relations and Financial Performance - The company maintains a multi-dimensional communication mechanism with over 1,200 institutional investors, significantly exceeding industry peers in research coverage [4]. - In 2024, the company plans to implement a mid-term dividend for the first time, with an annual dividend rate reaching 54% [4]. - Cumulatively, dividends and share buybacks since listing have accounted for 100.3% of the net funds raised [5]. Group 4: Green Innovation and Sustainability - The company has integrated carbon strategies into its planning, aiming for peak carbon emissions and carbon neutrality [6]. - It has received national recognition for its green factory initiatives and has developed systematic plans for water resource management and waste management [6]. - The company emphasizes innovation in sustainable materials, launching new products that address consumer health and environmental concerns [7]. Group 5: Social Responsibility and Community Engagement - The company prioritizes social value over corporate value, actively engaging in community support and disaster response [9]. - It has initiated programs to support women's health and education, collaborating with organizations to provide health packages to underprivileged girls [10]. - The company promotes responsible supply chain management, ensuring environmental and social impact assessments for suppliers [11]. Group 6: Future Outlook - The company aims to embed ESG principles into its development DNA, positioning itself as a benchmark for ESG practices in the healthcare and consumer goods sectors [11]. - With ongoing international expansion and a commitment to green strategies, the company is expected to contribute significantly to the sustainable development of the global health industry [11].

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]

Core Viewpoint - The announcement by nine departments aims to expand service consumption as a crucial support for improving people's livelihoods and upgrading consumption, thereby playing a significant role in promoting high-quality economic development [7][4]. Group 1: Policy Measures - The document outlines five areas with 19 specific measures to stimulate service consumption, including the launch of "service consumption seasons" and support for high-quality consumption resources collaborating with well-known IPs [5][6]. - It emphasizes the need to extend operating hours for popular cultural and tourist venues, optimize reservation methods, and encourage no-reservation policies [5][8]. - The policy encourages the introduction of high-quality sports events and leagues, as well as the development of sports competition brands with independent intellectual property rights [5][9]. Group 2: Enhancing Service Supply - The initiative includes expanding high-level openness in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [8][10]. - It aims to utilize existing funding channels to support the creation of high-quality cultural products and services, enhancing the supply of cultural offerings [8][10]. - The policy encourages localities to innovate exhibition methods in cultural venues and collaborate with social forces to develop cultural and digital products [8][10]. Group 3: Stimulating New Consumption - The measures propose attracting more foreign visitors for consumption by optimizing visa policies and promoting China's cultural resources [9][10]. - It encourages the expansion of digital service consumption and supports e-commerce platforms in creating integrated online and offline service scenarios [9][10]. - The policy suggests optimizing school holiday arrangements to increase travel and service consumption opportunities [9][10]. Group 4: Financial Support - The plan includes utilizing various funding sources to support the construction of service facilities in culture, tourism, and healthcare [10][11]. - It aims to enhance financial support for service consumption sectors, encouraging financial institutions to develop tailored financial products [10][11]. - The initiative focuses on providing fiscal interest subsidies to stimulate service consumption and reduce financing costs for service providers [10][11]. Group 5: Monitoring and Implementation - The document calls for optimizing service consumption statistics and innovating monitoring methods to reflect regional service consumption development accurately [11][12]. - It emphasizes the need for all relevant departments to implement the policies effectively and coordinate efforts to enhance service consumption [11][12].

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 ...

Core Viewpoint - The Ministry of Commerce and nine other departments have released policies aimed at expanding service consumption and promoting high-level opening of the service industry [1] Group 1: Policy Measures - The policies emphasize the expansion of high-level openness in the service industry [1] - There is a focus on orderly opening in sectors such as the internet and culture, as well as expanding pilot programs in telecommunications, healthcare, and education [1] - The initiative includes accelerating the comprehensive pilot demonstration for expanding service industry openness [1] Group 2: Foreign Investment - The policies support the inclusion of more service consumption areas in the "Encouraged Foreign Investment Industry Directory" [1] - There is a commitment to providing differentiated service supply to attract foreign investment [1]

Group 1 - The investment promotion bureau's European representative office organized a delegation of technology companies from the UK, Belgium, Italy, and Hungary to conduct investment promotion activities in Tongling City [1] - Tongling city officials, including the mayor and party secretary, welcomed the European technology companies and introduced the city's open innovation history and thriving export-oriented economy [1] - During the investment environment promotion meeting, European companies expressed their willingness to invest and cooperate in China, showcasing projects from companies like A&B Smart Materials, Hyper Wind, and Clan Healthcare [1] Group 2 - The investment promotion bureau's deputy director emphasized the vast opportunities in the Chinese market for innovation and pledged to assist companies in their investment and cooperation efforts [1] - Tongling city maintains a highly open attitude towards international cooperation and aims to create an internationalized, market-oriented, and standardized business investment environment [1] - The European delegation visited the Tongling Economic and Technological Development Zone and learned about the development of new productive forces at local companies [2]