Core Insights - The "first store economy" has become a significant driver for urban consumption growth, as highlighted in the recent "Beijing Action Plan for Deepening Reform and Boosting Consumption" [1] - In the first five months of this year, Beijing has seen nearly 400 new first stores established and hosted around 200 events such as first exhibitions, performances, and showcases [1][2] Group 1: Policy and Economic Impact - Beijing is actively attracting first stores and launch events, enhancing the vitality of the first launch economy through policy initiatives [2] - The city has implemented a 3.0 version of the first store policy, which includes financial support to attract brand first stores and launch events [2] - Major commercial areas like Sanlitun Taikoo Li, Chaoyang Joy City, and Haidian Joy City have become hubs for first stores, significantly improving the quality of consumer supply and international influence [2] Group 2: Development of Launch Centers - The establishment of launch centers is being promoted to create a clustering effect for first launches, with 12 centers recommended for 2024 [2] - Notable brands such as Cartier, Lancôme, and Intel are being attracted to debut their products in Beijing [2] - The city plans to further develop launch centers in various districts to support the fashion and technology sectors [2] Group 3: Event Empowerment - The "2024 Global Launch Festival" has been initiated, featuring themed brand launches and promoting newly established first stores [3] - The festival is linked with major events like China International Fashion Week and the Olympic City Sports Culture Festival, showcasing Beijing's unique characteristics in sports, fashion, and technology [3]

Group 1 - The core viewpoint highlights a significant surge in the military industry stocks, driven by the "14th Five-Year Plan" equipment procurement entering a critical phase and confirmed orders for new drones, reminiscent of the military reform wave five years ago [3] - Key players in the military sector, such as AVIC Chengfei and Huawu Co., saw their stocks hit the daily limit, indicating strong market interest and potential growth [3] - The technology sector is experiencing a resurgence, with companies like Wolong Nuclear Material and Cambridge Technology benefiting from AI computing power, while also reflecting the trend of domestic substitution [3] Group 2 - The afternoon trading session showed three notable trends: military stocks maintained their gains, technology stocks saw late buying, and northbound capital surged by 6 billion in the last half hour, indicating strong foreign interest [4] - Investment strategies suggest waiting for military stocks to pull back to the five-day moving average before entering, focusing on technology stocks with significant overseas orders, and identifying undervalued new material stocks with profit margins over 15% [4] - The overall market volume reached 1.2 trillion, which is considered adequate, but further upward movement will require sustained buying pressure [4]