● 本报记者 熊彦莎 近期，多地发布金融支持扩消费相关政策。其中，支持消费类企业上市、引导金融机构用好用足服务消 费与养老再贷款等是政策支持重点。 专家表示，支持优质消费类企业上市，有利于提升企业公信力，扩大优质供给，优化消费结构，满足多 样化需求。加大对消费企业信贷支持力度，将推动服务消费与养老再贷款良性发展，为消费市场复苏注 入动力。 支持优质企业上市 利用资本市场支持消费类企业融资，对于扩大内需、提振消费具有重要意义。中国国际经济交流中心科 研信息部副部长刘向东在接受中国证券报记者采访时表示，支持优质消费类企业上市，通过融资扩大生 产、创新产品，直接扩大优质供给，提升企业公信力，有利于优化消费结构，满足多样化需求。此外， 消费类上市企业稳健增长，能够通过财富效应提升居民财产性收入，提升消费意愿。 Wind数据显示，截至11月24日，今年以来有18家可选消费类企业在国内上市。根据申万一级行业分 类，其中有13家汽车企业、2家轻工制造企业、1家机械设备企业、1家纺织服装企业和1家电子企业。 加大信贷支持力度 除借力资本市场外，一些地方还加大了对消费企业的信贷支持力度。 广东发布的《金融支持"粤享暖冬 乐游广 ...

本次在渝举行的"多彩中国 佳节好物"文化和旅游贸易促进活动(时尚消费专题)以"艺鉴巴渝 时尚生活"为 主题，与第十四届中国艺术节相呼应，以时尚消费拉近艺术与文化贸易、旅行服务贸易、入境消费的联 系，以艺术赋能对外贸易和产业发展，是为文化艺术注入产业动能、拓展贸易功能的一次生动实践。 活动设置时尚消费发布和路演推介环节，发布《2025年中国时尚消费报告》、中国银联离境退税宣传 片、"HiChina"手机应用软件、重庆时尚全景推介等内容，展示推介"国粹京剧·扬帆出海"邮轮航季、重 庆华熙LIVE时尚剧场演出服务等产品和品牌，展现出中国时尚消费产品和服务在对外贸易中的巨大潜 力。 时尚消费发布和路演推介环节。受访者供图 近日，由文化和旅游部产业发展司、重庆市文化和旅游发展委员会、重庆市渝中区人民政府共同主办 的"多彩中国 佳节好物"文化和旅游贸易促进活动(时尚消费专题)在渝举行。作为重庆时尚消费目的地之 一，华熙LIVE·重庆亮相活动，展示消费新动能。 "多彩中国 佳节好物"是文化和旅游部产业发展司培育和打造的贸易促进品牌活动，通过展示一批具有 中国特色、较高品质和可贸易性的文旅产品，整合外贸企业、客商、跨境电商及 ...

多组数据见证 我国消费结构持续优化 编者按 消费关系到经济发展,也关系着民生 福祉。1至10月份,社会消费品零售总额 同比增长4.3%,服务零售额增长5.3%。 在国庆、中秋长假和促消费政策等带动 下,市场销售总体稳定,消费结构继续优 化,新兴消费持续壮大。 服务零售稳中有升 在扩大服务消费政策持续发力 假日经济效应等因素带动下 服务零售额增长有所加快 1至10月份 服务零售额 同比增长 5.3% 比1至9月份加快0.1个百分点 高于同期商品零售额增速 0.9个百分点 旅行相关消费增势良好 10月份 餐饮收入同比增长3.8% 增速比9月份加快2.9个百分点 限额以上单位客房收入增速加快2.0个百分点 1至10月份 文体休闲 交通出行 旅游咨询 服务类 服务类 租赁服务类 零售额 均保持10%以上较快增长 消费品市场平稳增长 消费品以旧换新政策继续显效 对相关商品销售带动作用持续显现 10月份 限额以上单位 通讯器材类 商品零售额 同比增长23.2% 10月份 假日经济效应凸显 "乡村游""古镇游"持续升温 乡村消费品零售额同比增长4.1% 增速比9月份加快0.1个百分点 1至10月份 包含镇区和乡村的 县乡消 ...

Core Insights - Chaoyang District is projected to surpass a GDP of 1 trillion yuan by 2026, marking a significant milestone in its economic development [1][3] - The district has shown robust growth, with GDP increasing from 736.48 billion yuan at the end of the 13th Five-Year Plan to an estimated 923.01 billion yuan in 2024, accounting for nearly 20% of Beijing's total GDP [1][2] - Chaoyang District is a leader in various sectors, particularly in finance, which contributes around 20% to the district's GDP, and has seen a growth rate 6 percentage points higher than the city average in the first half of the year [2][3] Economic Performance - Fixed asset investment in Chaoyang has consistently remained above 100 billion yuan, with retail sales and local public budget revenues each accounting for about 20% of the city's totals [1] - The district hosts over 1,800 financial institutions, including nearly 400 foreign-funded entities, which represent 65% of the city's total [2] - The information and technology service sectors have increased their GDP contribution to 24.9%, up by 3.7 percentage points since the end of the 13th Five-Year Plan [2] Industry Development - Chaoyang District has focused on enhancing its leading industries, particularly in international finance, digital economy, and business services, resulting in 87 institutional innovations and 15 original reform measures that are being promoted nationwide [3] - The district has established itself as a hub for international business, hosting over 50% of the city's international conferences and more than one-third of international exhibitions [3] - Future development plans include over 16 million square meters of available space for urban integration and diverse functional areas to support business growth [3] Strategic Focus - During the 14th Five-Year Plan, Chaoyang aims to elevate its international development capabilities, leveraging technological innovation to enhance productivity and modernize its industrial system [3] - The district will continue to prioritize expanding domestic demand and promoting cultural prosperity while improving social welfare services [3]

Core Viewpoint - The "Bay Area Gathering Season" in Bao'an aims to promote consumption through a series of cultural, sports, and tourism activities from October to December, coinciding with the 15th National Games and the Special Olympics [1][3]. Group 1: Event Highlights - The "Bay Area Gathering Season" features three main segments: "Great to See," "Great to Play," and "Great Value," focusing on sports events, cultural performances, and consumer promotions [3][12]. - The "Great to See" segment includes various sports events such as men's U20 football, boxing, and marathons, alongside cultural performances and exhibitions [5][7]. - The "Great to Play" segment emphasizes landmark visits and creative experiences, integrating activities like cycling and water sports along with themed events [9][11]. Group 2: Consumer Engagement - The "Great Value" segment offers discounts and promotions linked to event tickets, including deals at popular attractions, hotels, and restaurants, encouraging visitors to enjoy both sports and local experiences [14][16]. - New store openings and themed activities in major shopping districts are part of the promotional strategy, enhancing the shopping experience for visitors [16][18]. - Food festivals and night markets will showcase local culinary delights, further attracting visitors to the area [18][20]. Group 3: Cultural and Economic Impact - The initiative aims to create a vibrant atmosphere in Bao'an, enhancing the city's cultural identity and economic vitality through diverse events and activities [21]. - The integration of sports, culture, and tourism is expected to foster a sense of community and boost local consumption, positioning Bao'an as a key destination in the Greater Bay Area [21].

Core Insights - The US services sector activity returned to expansion in October, with the ISM services PMI recorded at 52.4%, up from 50% in September, marking the eighth consecutive month above the threshold [1] - The business activity index rose significantly to 54.3%, a 4.4 percentage point increase from September's 49.9%, indicating a return to expansion [1] - The new orders index surged to 56.2%, a rise of 5.8 percentage points, reflecting improved demand in the services sector [1] Industry Performance - Eleven industries experienced growth in October, including accommodation and food services, retail, wholesale, real estate, healthcare, and transportation and warehousing [2] - Six industries faced contraction, including arts and entertainment, management services, finance and insurance, public administration, and construction [2] Employment and Inventory Trends - The employment index remained in contraction at 48.2%, indicating weak hiring intentions despite a slight improvement from September [1] - The inventory index recorded at 49.5%, still in contraction, as businesses generally reduced inventory levels to manage demand and cost uncertainties [2] Price and Supply Chain Dynamics - The prices index rose to 70%, the highest level since October 2022, indicating persistent inflationary pressures in the services sector, driven by tariffs affecting material and service costs [1] - The supplier deliveries index stood at 50.8%, indicating a continued slowdown in delivery speeds, which is typically associated with improved demand or supply chain constraints [1] Order Backlog and Economic Signals - The backlog of orders index dropped significantly to 40.8%, the second-lowest level since 2009, suggesting that businesses can manage current orders without significant delivery delays [2] - Feedback from industries indicated mixed economic signals, with some sectors experiencing seasonal demand improvements while others faced challenges from import restrictions and rising prices [2]

Core Viewpoint - The era of land finance is officially over, and the next five years will see a shift in wealth towards technology and green innovation, with a target to increase per capita GDP from $13,000 to $20,000 by 2035 [1][3] Group 1: Economic Transition - The focus of economic growth has shifted from investment and real estate to high-quality development, emphasizing self-controlled industrial chains, particularly in chips and artificial intelligence [3][5] - Significant investments are expected in high-end manufacturing, aerospace, and comprehensive transportation networks, indicating a strong capital flow into these sectors [5] Group 2: Emerging Opportunities - The AI sector is moving from concept to practical integration across various industries, while quantum technology is being pushed from laboratories to applications [5] - The domestic market is identified as a new growth area, with sectors like specialty dining, healthcare, and cultural entertainment poised for rapid development, especially in central and rural regions [5][6] Group 3: Policy Support and Market Trends - The "Three Guarantees" policy aims to support employment, consumption, and livelihood, benefiting businesses related to basic living needs, such as community services and affordable consumption [6] - The silver economy is projected to reach ¥30 trillion by 2035, creating a vast industry around elderly care and related services [8] Group 4: Infrastructure and Digital Trade - Urban development will shift from expansion to internal renewal, with over 700,000 kilometers of underground pipeline renovations expected, generating nearly ¥5 trillion in new investment demand [6] - The digital trade sector is expanding, with a current scale exceeding ¥3 trillion and 165 cross-border e-commerce pilot zones, allowing even small companies to engage in global trade [6] Group 5: Regional Development and Financial Market - Key regional developments are focused on the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area, with specific attention to integrated circuits and biomedicine [10] - Financial market reforms are optimizing channels for long-term funds, enhancing market stability and potentially increasing foreign investment in A-shares [10]

Economic Growth - The GDP for the first three quarters reached 10,150.36 billion yuan, with a year-on-year growth of 5.2% [1] - The GDP growth rate for the third quarter was 4.8%, a decrease of 0.4 percentage points from the second quarter [2] - The total economic output in the third quarter was 35.5 trillion yuan, surpassing the projected total for the world's third-largest economy in 2024 [1] Investment Trends - Fixed asset investment (excluding rural households) for the first three quarters was 3,715.35 billion yuan, a year-on-year decrease of 0.5% [3] - Excluding real estate development, fixed asset investment grew by 3.0% [3] - Industrial investment increased by 6.4%, contributing 2.1 percentage points to overall investment growth [3] Employment and Income - The average urban survey unemployment rate for the first three quarters was 5.2%, with a slight decrease in September [5] - The per capita disposable income for residents was 32,509 yuan, reflecting a nominal growth of 5.1% year-on-year [6] - The growth rate of rural residents' income continued to outpace that of urban residents [6] Policy and Economic Support - The government has implemented supportive macroeconomic policies to stabilize economic performance [8] - New quality productivity is being cultivated, contributing to high-quality development and innovation [7] - Positive indicators, such as the manufacturing purchasing managers' index rebounding for two consecutive months, suggest accumulating favorable conditions for the economy [8]

Core Viewpoint - The national economy is operating smoothly with overall stable employment conditions, supported by enhanced macro policies and employment stabilization measures [1] Group 1: Employment Statistics - The national urban surveyed unemployment rate averaged 5.2% from January to September, with quarterly averages of 5.3%, 5.0%, and 5.2%, showing a slight increase of 0.1 percentage points in the first quarter compared to the previous year, while the second and third quarters remained stable [2] - In September, the unemployment rate decreased to 5.2%, down 0.1 percentage points from August, following seasonal adjustments [2] - The unemployment rate in 31 major cities averaged 5.1%, which is 0.1 percentage points lower than the national average, with similar quarterly trends observed [2] Group 2: Employment in Key Sectors - Employment in key service sectors such as transportation, accommodation, and cultural industries improved due to active summer tourism and enhanced employment support policies [3] - The unemployment rate for migrant agricultural workers averaged 4.8%, which is 0.4 percentage points lower than the national urban average, with a slight increase in July due to seasonal factors, followed by a decrease in August and September [3] - The unemployment rate for the 16-24 age group, excluding students, saw a seasonal rise in July and August but significantly decreased in September as graduates secured jobs [3] Group 3: Economic Outlook and Policy Recommendations - The overall economic operation is stable, with steady progress in transformation and upgrading, although structural employment challenges remain in certain regions and industries [3] - There is a need for continued macro policy adjustments to stabilize employment, businesses, markets, and expectations, with an emphasis on enhancing employment support measures [3]

Group 1 - The overall urban surveyed unemployment rate in China remained stable at an average of 5.2% from January to September, with slight fluctuations in the third quarter due to seasonal factors [2][3] - The unemployment rate in 31 major cities averaged 5.1%, slightly lower than the national level, indicating a relatively stable employment situation in urban areas [2] - The unemployment rate for migrant workers was 4.8%, which is 0.4 percentage points lower than the national urban average, showing resilience in this demographic [3] Group 2 - Employment in key service sectors such as transportation, accommodation, and cultural industries improved due to increased support for employment policies and active summer tourism [3] - The unemployment rate for the 16-24 age group saw a seasonal increase during July and August but showed a significant recovery in September as graduates secured jobs [3] - The overall economic operation is stable, with steady progress in transformation and upgrading, although structural employment challenges remain in certain regions and industries [3]