Core Insights - The "Investment Shanghai · Shared Future" investment exchange conference was successfully held in Shanghai, co-hosted by the Shanghai Municipal Commission of Commerce and Jiushi Group, highlighting Shanghai's commitment to attracting foreign investment [2] - Ernst & Young (EY) emphasized Shanghai's comprehensive advantages in attracting foreign investment, focusing on the city's resilience and investment appeal [3][4] Group 1: Investment Environment - Shanghai has demonstrated unique development resilience and investment attractiveness as a frontier for China's opening up, continuously promoting institutional openness [4] - Since 2018, Shanghai has released an action plan to optimize the business environment for eight consecutive years, showcasing the government's forward-looking vision and service spirit [4] - The ongoing optimization of the business environment has become a core competitive advantage for Shanghai in attracting foreign investment [4] Group 2: Industry Development - Shanghai is accelerating the construction of an international innovation center, focusing on comprehensive ecological layouts in emerging sectors such as artificial intelligence, cloud computing, and green low-carbon technologies [4] - EY has actively participated in government-led overseas investment promotion activities, assisting multinational companies in establishing new enterprises, R&D centers, and regional headquarters in Shanghai, covering key industries like electronic information and biomedicine [4] Group 3: Policy and Project Promotion - During the policy and project promotion segment, officials from various Shanghai government departments provided authoritative interpretations of the latest policies and initiatives aimed at attracting foreign investment, including developments in the artificial intelligence industry and financial support for technological innovation [4] Group 4: Roundtable Discussion - The roundtable discussion focused on the integration of culture, sports, and tourism in a global mega-city, exploring opportunities arising from top-tier events, innovative financial support, and advanced technology [5] - Shanghai's exceptional urban charm, complete industrial ecosystem, and high-quality business environment offer global investors a valuable sense of "certainty" [5] - Investing in Shanghai is portrayed as a choice for sustainable and promising future opportunities [5]

Core Viewpoint - The recent announcements from the Ministry of Finance and the Ministry of Commerce aim to stimulate consumption through new policies, focusing on innovative consumption scenarios and enhancing the international consumption environment [1][5]. Group 1: New Consumption Models and Scenarios - The Ministry of Finance and the Ministry of Commerce issued a notification to support around 50 cities in exploring new consumption models, particularly targeting large cities with significant population and development potential [2][6]. - The policy implementation period is set for two years, with a focus on enhancing the service system for new consumption models, including the establishment of launch centers and platforms for product releases [3][4]. - The initiative encourages innovation in service consumption scenarios, integrating digital technologies like AI and the metaverse into various sectors such as entertainment, tourism, and health [3][4]. Group 2: Financial Support and Incentives - Central financial support will be provided to pilot cities, with major cities receiving up to 4 billion yuan and other cities receiving 2 billion yuan during the implementation period [4][5]. - The funding will be distributed in two batches, with initial funds allocated based on performance evaluations [4][5]. Group 3: International Consumption Environment - A separate notification focuses on building an international consumption environment, with financial support for international consumption center cities and other cities with strong consumption potential [5][6]. - The initiative aims to enhance the quality of consumption supply, focusing on themes like digital, green, and cultural tourism, while also promoting local brands with international influence [6][7]. - Measures will be taken to optimize foreign payment services and improve the overall service level for international visitors, including multilingual support and enhanced payment facilities [7].

财政部、商务部近日发布关于开展国际化消费环境建设工作的通知（简称"通知1"）和关于开展消费新 业态新模式新场景试点工作的通知（简称"通知2"）。 通知1提出，按照党中央、国务院关于大力提振消费的决策部署，支持试点城市培育建设国际化消费环 境，强化"购在中国"品牌打造，进一步丰富优质商品和服务供给，创新国际化、多元化消费场景，提升 国际化服务水平，打造更加便捷、舒适的消费环境，吸引境外旅客入境消费，更好满足多样化、品质化 消费需求。 试点城市申报范围为地市级及以上城市（包括直辖市，计划单列市，各省、自治区省会或首府城市，地 级市、州、盟）。支持15个左右试点城市，包括符合条件的国际消费中心城市及其他消费带动作用强、 发展潜力大、境外旅客较多的城市。政策实施期为两年。 根据通知1，中央财政对试点城市给予资金补助。实施期内，国际消费中心城市每个城市合计补助2亿 元，其他城市每个城市合计补助1亿元。补助资金分两批下达。试点启动第一年先下达部分资金，剩余 资金根据绩效评价情况下达。试点城市可按照市场化原则，对符合条件的经营主体，按规定采取补助、 奖励等方式予以支持。 通知1还提出，丰富高品质消费供给。围绕国际化消费环境 ...

Core Viewpoint - The Chinese government is implementing measures to expand service consumption, aiming to enhance the quality and availability of services while stimulating domestic demand [1][4]. Group 1: Policy Measures - The new measures include 19 tasks across five main areas, focusing on cultivating service consumption platforms, enriching high-quality service supply, stimulating new service consumption, enhancing financial support, and improving statistical monitoring [2][3][4]. - Specific initiatives include the implementation of service consumption quality improvement actions, support for cultural and tourism sectors, and the introduction of international high-level sports events [2][3]. Group 2: Financial Support - The People's Bank of China has introduced structural monetary policy tools, including loans for service consumption and elderly care, with nearly 600 billion yuan in applications from around 4,000 entities [5][6]. - As of the end of July, the balance of loans in key service consumption areas reached 2.79 trillion yuan, reflecting a year-on-year growth of 5.3% and an increase of 1,642 billion yuan since the beginning of the year [5][6]. Group 3: Economic Impact - The measures are expected to attract more quality service resources, addressing the shortage of high-quality services and enhancing the vitality of business entities [4]. - The government aims to create a favorable environment for service consumption, which is anticipated to lead to increased domestic demand and economic growth [1][4].

Core Viewpoint - The 2025 Chongqing Service Consumption Season and the 17th China (Chongqing) Hot Pot Food Culture Festival will be held from September 29 to December, aiming to boost local consumption by over 5 billion yuan through various service consumption activities [4][7]. Group 1: Event Overview - The event is organized by the Chongqing Municipal Commission of Commerce in collaboration with various departments and over 1,000 service consumption enterprises and financial institutions across 38 districts [3][6]. - The theme focuses on "service consumption," with over 500 themed activities planned across 11 key service consumption sectors, including dining, accommodation, and tourism [7][8]. Group 2: Key Highlights - The event will feature diverse consumption scenarios, integrating food, tourism, sports, and entertainment, with the Hot Pot Food Culture Festival being a major highlight [8][9]. - A rich array of cultural and entertainment activities will be offered, including over 200 artistic events and various tourism services to attract a wide audience [9]. - The initiative will leverage online and offline collaboration, utilizing internet platforms for convenient booking and payment, while also promoting on-site activities in commercial areas [9].

Group 1 - The article emphasizes the importance of service consumption as a key support for improving people's livelihoods and a direction for consumption transformation and upgrading, playing a significant role in promoting high-quality economic development [10] - A series of promotional activities for service consumption will be launched, focusing on areas closely related to people's lives, with high demand potential and strong driving effects [11][12] - The establishment of pilot cities for new business formats, models, and scenarios in consumption will be promoted, encouraging innovation and the development of new consumption scenarios [11][12] Group 2 - High-level opening up of the service industry will be expanded, with orderly opening in fields such as the internet, culture, telecommunications, healthcare, and education [11][12] - Existing funding channels will be utilized to support the creation of high-quality cultural products and services, optimizing the supply of cultural products [11][12] - The introduction of foreign sports events and support for local mass sports events will be encouraged to create well-known sports brands [4][11] Group 3 - The article outlines measures to attract more foreign visitors for consumption, including optimizing visa policies and enhancing international promotion of cultural resources [12] - Digital service consumption will be expanded, encouraging e-commerce platforms to innovate in online and offline integration [12][13] - Financial support for service consumption will be strengthened, including the use of various funding channels and credit policies to stimulate market activity [13][14]

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].

Core Viewpoint - The Chinese government is implementing strong policy support to expand service consumption as a key strategy for boosting domestic demand, with specific measures outlined in the recent policy document [2][3]. Group 1: Policy Measures - The policy document includes 19 specific measures across five areas to enhance service consumption, focusing on financial support, quality service supply, and stimulating new consumption growth [2][3]. - Financial institutions are encouraged to increase credit allocation for service consumption, utilizing various funding channels such as central budget investments and local government bonds [2][6]. Group 2: Service Consumption Growth - Service consumption has become a significant aspect of domestic demand expansion, with service retail sales growing by 5.1% year-on-year from January to August, outpacing the growth of goods retail sales [3]. - The government aims to cultivate new consumption formats and scenarios, promoting innovative service consumption experiences and supporting the development of new consumption leaders [3][4]. Group 3: Supply Optimization - The policy emphasizes the need to open up sectors like telecommunications, healthcare, and education to enhance service supply, attracting foreign investment and private capital [4][8]. - Since 2015, China has expanded its pilot programs for service industry openness, with new cities added to the list of trial areas [4]. Group 4: Financial Support - The People's Bank of China has established a 500 billion yuan fund to support service consumption and elderly care, aiming to enhance the quality of service supply in sectors like hospitality, tourism, and education [7]. - The policy encourages financial institutions to develop tailored financial products for service consumption businesses, addressing their unique financing needs [6][7].

Core Viewpoint - The Ministry of Commerce and nine other departments released policies to expand service consumption, emphasizing its role in improving livelihoods and driving economic growth [2][3]. Group 1: Measures to Promote Service Consumption - A series of promotional activities called "Service Consumption Season" will be launched to stimulate consumption [3]. - Support for high-quality consumption resources to collaborate with well-known IPs to create new consumption scenarios [3]. - Extension of operating hours for popular cultural and tourist venues, along with optimized reservation methods, to encourage more visits [3][4]. Group 2: Enhancing Service Supply - Expansion of high-level opening-up in the service industry, particularly in internet, culture, telecommunications, and healthcare sectors [3][4]. - Development of cultural and artistic projects to enhance the supply of quality cultural products and services [4]. - Encouragement of foreign sports events and local mass sports events to create well-known competitions and enhance tourism [4]. Group 3: Stimulating New Service Consumption - Measures to attract more foreign visitors for consumption, including optimizing visa policies and promoting cultural resources [5]. - Encouragement of digital service consumption through e-commerce platforms and support for the digital transformation of service enterprises [5]. - Adjustments to student holiday arrangements to increase opportunities for travel and service consumption [5]. Group 4: Financial Support for Service Consumption - Utilization of various funding channels to support the construction of service facilities in culture, tourism, and sports [6]. - Promotion of innovative financial products tailored to the needs of service consumption enterprises [6]. - Increased support for consumer credit, including risk-sharing mechanisms to encourage financial institutions to lend to service sectors [6]. Group 5: Statistical Monitoring - Optimization of service consumption statistics to reflect regional development accurately [6]. - Encouragement of the use of big data and information technology for monitoring and analysis of service consumption [6].

中国基金报记者 泰勒 大家好，16日盘后，来大利好了！ 商务部等9部门对外发布《关于扩大服务消费的若干政策措施》！ 泰勒整理了其中的重点内容，供大家参考。 1. 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。 2. 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。 3. 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。 4. 统筹利用现有资金渠道， 支持推出一批文学、艺术、影视、动漫 等领域精品创作，充分利用已有场馆，打造一批辐射带动作用强的剧 场、博物馆、美术馆、科技馆，培育一批群众性文化活动和赛事品牌，优化文化产品和服务供给。 5. 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。 支持文博场馆创新办展方式，其收益可按规定用于绩效 激励，根据工作成效合理核定绩效 ...