陈茂波表示，去年，亚洲国际博览馆和香港会议展览中心有超过350场活动，吸引超过900万人次参与。 今年随着海内外旅客增加，会展活动的成绩让人有更大期待。特区政府和业界在策划大型盛事活动时， 亦积极安排活动接连举行，创造更大的联乘效应和经济效益。 来源：中国新闻网 11月17日，"香港海运周2025暨2025世界航商大会"举行开幕典礼。(香港特区政府新闻处供图) 香港特区政府财政司司长陈茂波23日表示，受地缘政局影响，全球投资者都重新评估其资产组合的风 险，并调整投资策略、分散风险，香港成为资金避险的安全港。 陈茂波在当日发表的网志中提到，香港银行存款总额继去年上升7%后，今年来进一步上升超过10%至 逾19万亿港元；新股集资活动领先全球、财富管理业界蓬勃发展、与世界各地的金融合作也持续深化， 这些都反映国际资金垂青香港市场。 陈茂波表示，面对国际上单边主义抬头，全球供应链、产业链正加快重整，在此背景下，香港的商品出 口连续19个月录得按年增长，今年首三季合计更是显著增加11.3%。 他续指，特区政府致力抓紧全球变局下航运业新机遇，向全球推广香港航运业的优势。他提到，在日前 举办的"香港海运周2025"期间，特 ...

陈茂波表示，面对国际上单边主义抬头，全球供应链、产业链正加快重整，在此背景下，香港的商品出 口连续19个月录得按年增长，今年首三季合计更是显著增加11.3%。 他续指，特区政府致力抓紧全球变局下航运业新机遇，向全球推广香港航运业的优势。他提到，在日前 举办的"香港海运周2025"期间，特区政府公布了首批与中国内地及共建"一带一路"国家和地区的战略合 作伙伴港口、见证了香港船东互保协会正式在香港成立，以及促成两项业界的合作协议等，这些都对香 港国际航运中心的发展及促进业界的国际合作，具有里程碑意义。 (机遇香港)香港财政司司长：香港银行存款总额今年升至逾19万亿港元 中新社香港11月23日电 香港特区政府财政司司长陈茂波23日表示，受地缘政局影响，全球投资者都重 新评估其资产组合的风险，并调整投资策略、分散风险，香港成为资金避险的安全港。 陈茂波在当日发表的网志中提到，香港银行存款总额继去年上升7%后，今年来进一步上升超过10%至 逾19万亿港元；新股集资活动领先全球、财富管理业界蓬勃发展、与世界各地的金融合作也持续深化， 这些都反映国际资金垂青香港市场。 中新经纬版权所有，未经书面授权，任何单位及个人不得转载 ...

启动仪式现场集中发布多项促消费活动。福建省商务厅发布了精品消费嘉年华及年终促消费系列活动安 排，将通过多维度举措持续激活消费市场；省文旅厅推出精彩旅游线路与精美展演资源，推 动"游"与"购"深度融合；省供销社重点推介"供销集市"产销对接活动，助力农产品产销对接；福州市商 务局发布"惠聚榕城・悦购商圈"消费季活动，为市民提供丰富商圈优惠与特色体验。现场还同步介绍 了"福建有口福"餐饮消费券发放情况、福建省银行业消费券活动情况。 通过省级平台与地市活动的联动呼应、第四届福博会四大展区的专业聚焦与协同发力，以及线上线下全 渠道的深度融合，本届嘉年华活动致力于打造一场集品牌展示、文化体验、购物消费与产业对接于一体 的综合性消费盛会。 八区好物汇 福品盛宴亮点纷呈 省级精彩活动全面铺开，老字号嘉年华、外贸优品展、台品好物馆、福酒推广、电商主播大赛、工美好 物展、福农优品展销及精彩福供等内容多点开花，共同呈现出一场多元融合、亮点纷呈的消费嘉年华。 为贯彻落实商务部"购在中国·2025精品消费月"活动系列部署安排和省委、省政府关于推动和扩大福品 消费相关工作要求，由省商务厅、工信厅、农业农村厅、文旅厅、供销社及福州市人民政 ...

酒店：经营端环比改善，关注供需关系变化 2025年三季度，酒店集团经营层面环比改善，主要驱动因素为房价，入住率受行业整体供需关系影响， 表现相对较弱。单2025年三季度，锦江、首旅-不含轻管理RevPAR分别恢复至2019年同期的101.1%、 94.3%，二季度恢复率分别为96.4%、88.3%，环比恢复率提升。其中ADR分别恢复至2019年同期的 113.7%、113.2%，OCC分别恢复至2019年同期的88.9%、83.3%。 旅游及景区：业绩分化明显 2025年单三季度，各旅游景区业绩分化较为明显。与2024年相比，23家景区公司中，8家公司归母净利 润同比正增长，12家公司营收同比正增长。从归母净利润增速上看，增速最高为*ST张股（000430）(张 家界)405%，其次为西藏旅游（600749）34.7%，最低为曲江文旅（600706）-277%；从营收增速上看， 增速最高为祥源文旅（600576）35.1%，其次为凯撒旅业（000796）19.8%，最低为云南旅游 （002059）-53.6%。 华创证券发布研报称，2025年前三季度，社会服务行业整体营收平稳增长，利润率有所下滑。细分行 业， ...

2025年年终消费季临近，深圳将迎来一场聚焦"家庭建设"与"婚庆筹备"的双展联动盛宴。11月28日至30 日，第36届深圳名品家博会率先在福田会展中心开幕；11月29日至30日，第42届粤港澳大湾区（深圳） 婚博会将同期联展。由深圳市世纪东方会展有限公司主办的两大展会，将以"一站式"服务模式，整合近 400家品牌资源，为大湾区市民打造高效采购场景，助力年终消费市场升温。 双展覆盖全产业链，瞄准"家·爱"核心需求 相邻设展+沉浸体验，降低消费成本提升参展效率 本次双展采用"相邻设展"模式，家博会与婚博会展区紧邻，消费者可在同一时段、同一展馆内完成家装 采购与婚庆筹备，大幅降低时间成本与决策成本。 为增强消费体验，参展品牌均突破传统"产品展示"模式，转向"生活方式解决方案提供者"定位。通过场 景化布置（如模拟家装样板间、婚礼现场还原）、沉浸式体验（如家电智能交互演示、婚纱试穿体验） 等形式，让消费者直观感受产品与服务的实际效果，提前描绘"未来家"与"理想婚礼"的蓝图。 业内分析指出，此次双展联动不仅将直接拉动家居、婚庆等大宗消费，其辐射效应还将惠及设计、金融 （消费信贷）、物流、文旅（蜜月旅行）等关联产业，为20 ...

（原标题：专访澳门招商局主席谢永强：以多元文化构筑澳门会展独特竞争力） 南方财经 21世纪经济报道记者田静 澳门报道 澳门特区统计暨普查局最新数据显示，澳门特区2025年前三季旅客非博彩总消费达582.5亿澳门元，同 比增长3.6%。其中，以参加会展为目的的旅客人均消费表现尤为亮眼，高达4,398澳门元，显著高于平 均水平。这组数据印证了会展业作为澳门经济多元化重要引擎的地位正不断增强。 近日，南方财经记者专访了澳门特区招商投资促进局行政管理委员会主席谢永强，围绕会展业如何通过 国际化、专业化提升核心竞争力，其在"1+4"经济适度多元战略中的角色，以及在全球竞争中打造差异 化优势等话题，进行了深入交流。 "让参会不仅是'商务行为'，更是'文化体验'。"采访过程中，谢永强详细阐述了澳门会展业已构建的四 大发展基础，并表示将通过一系列优化措施与重磅活动，持续推动会展业高质量发展，助力澳门打造联 通内外的国际会展中心。 （澳门特区招商投资促进局行政管理委员会主席谢永强。） 四大基石支撑会展业提质增效 南方财经： 2025 年上半年澳门共举办了 918 项会展活动，专业展览观众同比增长近三成，海外专业观众 增长两成。 ...

Investment Rating - The report maintains a "Recommendation" rating for the consumer services industry [3]. Core Insights - The consumer services industry is experiencing a marginal improvement in revenue growth driven by strong travel demand [2]. - For the first three quarters of 2025, the social services industry achieved a revenue of 178.43 billion yuan, a year-on-year increase of 1.2%, and a net profit of 10.09 billion yuan, a year-on-year decrease of 14.4% [11]. - The overall gross profit margin for the industry is 23.8%, down by 2.0 percentage points year-on-year [11]. Summary by Sections Overall Industry Situation - In the first three quarters of 2025, the social services industry saw stable revenue growth but a decline in profit margins, with revenue reaching 178.43 billion yuan and net profit at 10.09 billion yuan [11]. - The comprehensive gross profit margin was 23.8%, with a net profit margin of 5.7%, reflecting a year-on-year decrease of 1.0 percentage points [11]. Sub-Industry Analysis - **Hotels**: The hotel sector showed a sequential improvement in operations, with RevPAR for Jinjiang and Shouqi recovering to 101.1% and 94.3% of 2019 levels, respectively [31]. - **Tourism and Scenic Areas**: There is significant performance differentiation among tourism companies, with some showing positive net profit growth while others face declines [40]. - **Dining**: The dining sector's performance is mixed, with some leading companies demonstrating resilience through innovation and brand strength [27]. - **Duty-Free**: The duty-free sector is showing signs of stabilization, with a narrowing revenue decline and positive growth in Hainan's duty-free sales [27]. - **Human Resources Services**: The human resources sector continues to thrive, driven by flexible employment needs and digital transformation [27]. - **Exhibitions**: The exhibition industry is under short-term pressure but is benefiting from a recovery in domestic demand and international exchanges [27].

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index in the next 6-12 months [2][50]. Core Insights - The social services sector saw a 2.39% increase in the last two trading weeks, ranking 15th among 31 industries in the Shenwan classification. The sector outperformed the CSI 300 index by 2.66 percentage points [2][13]. - October's consumer data showed stable performance, with retail sales totaling 4.63 trillion yuan, a year-on-year increase of 2.9%. The restaurant sector also saw a recovery, with revenues reaching 519.9 billion yuan, up 3.8% year-on-year [2][30]. - The "15th National Games" boosted local tourism and consumption, particularly in cities hosting events, with hotel bookings in these areas increasing significantly [2][29]. Summary by Sections Market Review & Industry Dynamics - The social services sector's performance was highlighted by a 2.39% increase, with tourism retail leading the sub-sectors at +16.05% [2][16]. - The overall consumer market showed stability, with retail sales and restaurant revenues improving compared to previous months [2][30]. Investment Recommendations - Companies with strong growth potential include travel-related firms such as Tongcheng Travel, Huangshan Tourism, and Lijiang Co., as well as hotel brands like Junting Hotel and Jinjiang Hotel, which are expected to benefit from the recovery in business travel [2][5]. - The report suggests monitoring the recovery of cross-border travel and the potential for airport duty-free sales, recommending companies like China Duty Free Group and Wangfujing [2][5]. Industry Company News - The implementation of new duty-free shopping policies in Hainan has led to a significant increase in tourism consumption, with a reported 5.06 billion yuan in shopping amounts during the first week of the policy [2][29]. - The "15th National Games" has driven a surge in hotel and travel bookings in major cities, with some areas seeing increases of over 60% in hotel search volume [2][29].

Main Points - The report highlights three main investment themes: market recovery and supply-demand balance favoring leading companies, the role of AI in enhancing efficiency and generating secondary revenue, and the complexity of tourism investment driven by resource endowment and product refinement [5][6][17]. Group 1: Market Recovery and Supply-Demand Balance - The hotel market is expected to see a slight recovery, with average daily rates (ADR) showing positive trends [18][25]. - Luxury, mid-range, and economy hotels are experiencing a rebound after supply adjustments, with an increase in chain hotel ratios and mid-range hotel market share [7][26]. - The construction of the Hainan Free Trade Port is anticipated to significantly reduce import costs for businesses, enhancing the attractiveness of the region for tourism and hospitality investments [7]. Group 2: AI Applications in Recruitment - AI applications in recruitment are not solely focused on cost reduction but are increasingly aimed at generating additional revenue through enhanced efficiency [5][45]. - AI technologies are transforming recruitment processes, including job description generation, resume screening, and video interview analysis, leading to improved matching and efficiency [46][50]. - The recruitment service market is expanding rapidly, with high growth potential in the mid-to-high-end online recruitment sector [50]. Group 3: Tourism Investment Dynamics - The tourism investment landscape is complex, requiring a combination of resource endowment and product refinement to navigate economic cycles successfully [6][17]. - The luxury cruise market is gaining traction among older demographics, with high-quality experiences driving demand despite higher pricing [8]. - Policy changes promoting school holidays and flexible work arrangements are expected to boost service consumption, particularly in the tourism sector [8][11]. Group 4: Consumer Trends and Market Potential - The service consumption market is showing structural vitality, with service retail sales growing by 5.3% year-on-year, outpacing goods consumption [11]. - The "new silver-haired" demographic is emerging as a significant consumer group, with a growing focus on travel and leisure spending [68]. - The domestic tourism market is recovering steadily, with a projected 56.2 billion domestic trips in 2024, reflecting a 14.8% year-on-year increase [62].

Group 1 - The article highlights the importance of developing new productive forces tailored to local conditions as emphasized by Xi Jinping in a significant article published in "Qiushi" magazine [1] - The first volume of "Xi Jinping's Legal Thought" has been published, indicating a focus on legal frameworks in governance [1] - The report discusses the development of rural characteristic industries to promote comprehensive rural revitalization during the "14th Five-Year Plan" period [1] Group 2 - Zhao Leji is set to visit New Zealand and Australia, which may have implications for bilateral economic relations [1] - The article mentions efforts to promote high-quality economic development, reflecting a strategic focus on sustainable growth [1] - Yiwu's transformation from a passive to an active role in global trade is highlighted, showcasing a shift in business strategy [1] Group 3 - The winter tourism market is experiencing a surge, driven by enhanced product offerings and improved services across various regions [1] - The article notes the integration of "green" initiatives in the upcoming National Games, aiming for a "carbon-neutral" event [1] - The 15th National Games produced 43 gold medals on the seventh day of competition, indicating a vibrant sports industry [1] Group 4 - The pilot program to promote the integration of human resources services with the manufacturing industry is underway, suggesting a trend towards more collaborative economic models [1] - The 27th High-Tech Fair concluded with intended transactions and financing amounts exceeding 170 billion yuan, reflecting strong investment interest [1] - The Chang'e 6 lunar sample reveals new mechanisms of lunar oxidation and magnetic anomalies, indicating advancements in space exploration and research [1] Group 5 - Chinese scientists have uncovered key mechanisms behind cosmic ray origins, contributing to the field of astrophysics [1] - The 38th Golden Rooster Awards for Chinese cinema were announced, highlighting developments in the film industry [1] - The arrival of the first batch of winter migratory birds in Dongting Lake marks an important ecological event [1] Group 6 - Japanese political figures are calling for the retraction of erroneous statements made by a government official, reflecting ongoing tensions in diplomatic relations [1] - Russia claims to have targeted Ukrainian energy facilities, while Ukraine reports intercepting Russian missiles, indicating ongoing conflict dynamics [1] - Internationally, Lebanon plans to file a complaint regarding Israel's border wall construction, and protests against immigration policies erupted in Charlotte, USA, alongside severe weather events in the UK and Portugal [1]