日前，海南省新闻办介绍，封关首月，海南省免签入境外籍旅客达8.7万人次，同比增长64%，占同期 入境外籍旅客总数的93%，免签仍是外籍人士来琼的主要选择。 国际旅游消费中心的定位推动海南消费升级。据海口海关统计，自2025年12月18日封关以来截至2026年 1月17日，共监管离岛免税购物金额48.6亿元，同比增长46.8%；购物人数74.5万人次，同比增长 30.2%；购物件数349.4万件，同比增长14.6%。 在高端装备制造领域，2025年10月17日产业转移对接活动中已落地海洋装备、清洁能源装备等一批重点 项目，其中船舶游艇维修企业因保税维修政策加速聚集。生物医药产业则受益于"乐城政策+自贸港"双 叠加，吸引创新药企设立研发及生产基地。 在贸易方面，封关首月，海南新增备案外贸企业5132家，超过2024年一个季度的备案数，备案总数超过 10万家。同期全岛货物贸易进出口214.2亿元，同比增长19.6%，其中，进口、出口分别增长13.3%和 31.6%。 长期看，封关将吸引更多高端制造环节布局，形成特色现代产业体系。"一线放开"使进口手续压缩70% 以上，而"岛内自由"允许资金、货物无摩擦流动，提升供应 ...

Market Overview - On January 19, the three major indices showed mixed performance, with the Shanghai Composite Index rising by 0.29% to close at 4114.00 points, while the Shenzhen Component Index increased by 0.09% to 14294.05 points. The ChiNext Index fell by 0.70% to 3337.61 points. The total trading volume was 2.71 trillion yuan, a decrease of 317.9 billion yuan compared to the previous trading day [1][3]. Sector Performance - The electric grid equipment sector experienced a significant surge, while the precious metals sector also showed strength. The tourism sector gained momentum, and there was a partial recovery in the commercial aerospace concept. Other sectors such as Hainan, military industry, chemicals, oil and gas, and robotics also performed well during the trading session [3]. - Conversely, the AI application sector declined, with the internet, cultural media, and AI healthcare sectors experiencing the largest drops. Individual stocks such as Haige Communication faced continuous trading halts, and several stocks including Sanwei Communication and Vision China also hit their daily limits [3]. Notable Stocks - Fenglong Co., Ltd. resumed trading and hit the daily limit for the 14th consecutive trading day, with a cumulative increase of 280% since December 17, 2025 [4]. Market Sentiment - The current stock market environment is described as a test of courage, with notable commentary on the volatility and unpredictability of stock performance. There is a call for caution among retail investors, especially regarding the use of AI models for stock selection, which is viewed as risky [6][17][18].

新年伊始，各地立足自身资源禀赋，因地制宜持续做大做强特色优势产业，全面推进乡村振兴。 壮大特色优势产业。今年，河北持续支持培育特色主导产业，大力提升农产品精深加工水平，加快建设一批产业强镇、特色乡村。在保定易县，冰柿产业园 正在建设，投产后，每天生产冰柿约8.8万枚，年产值达1.65亿元，能带动相关农户年均增收近2万元。 今年，湖南聚焦粮食、畜禽、水果、蔬菜等特色优势产业，建立产业延链补链强链机制，加快推动良种繁育、精深加工、冷链物流等建设，持续提升产品市 场竞争力。 加快农文旅深度融合。新的一年，吉林省设立5亿元专项资金，升级冰雪体验、民俗体验等新业态，实现冰雪旅游业态县域全覆盖，带动乡村冰雪旅游加快 发展。福建今年将大力推动"全域生态旅游小镇"等建设，不断提升乡村旅游品质。眼下，福州万石村2000余亩梅花进入观赏季，今年，村里推出的花海露 营、水上赏梅等文旅新场景，让游客们沉浸式体验冬日乡村的诗情画意。 福建省文化和旅游厅资源开发处副处长邝婧：我们将通过景村联动发展，不断丰富乡村文旅产品的供给，通过深度打造"一村一品"，培育差异化的发展模 式，推动乡村旅游向纵深发展，助力乡村振兴。 科技赋能乡村特色产业。 ...

Summary of the Conference Call on China Consumer Sector Outlook 2026 Industry Overview - The focus is on the **China consumer sector** with an emphasis on stock picking strategies for 2026E, balancing "value" vs "growth" investments [1][11] - Anticipation of a less inflationary environment and low expectations for immediate consumption boosts from government policies [1][11] Key Investment Themes 1. **Shift Towards Experience/Service Consumption** - Consumers are increasingly valuing emotional experiences over basic needs, seeking happiness and self-expression [2][23] - 66% of respondents in a survey indicated a willingness to spend more for special moments [23] - Notable examples include Pop Mart's affordable entertainment options and Haidilao's casual dining as social venues [2][23] 2. **Focus on Well-being** - Increased spending on wellness, including health, fitness, and nutrition [3] - Growth potential identified in sportswear (Anta), health supplements (H&H), beauty care (Mao Geping), and tourism (Atour) [3] 3. **Rising "Silver" Economy** - The aging population is creating demand for leisure and cultural experiences [4] - Industries like tourism (Atour, H World), sportswear (Anta), and health supplements (H&H) are expected to benefit [4] 4. **Emerging New Channels** - Growth in omni-channel operations and new offline channels such as membership stores and snack specialty chains [5] - Food companies like Eastroc and Nongfu are adapting to these changes [5] 5. **Multi-brand Strategy** - Industry leaders are expanding brand portfolios to meet diversified consumer demands [6] - Companies like Anta and Midea are revising growth targets to ease channel inventory pressure [6] Top Buys in Consumer Sector - **Consumer Discretionary**: Anta (2020.HK), Pop Mart (9992.HK), Haidilao (6862.HK), Atour (ATAT.O), Midea (300.HK) [1][14] - **Consumer Staples**: CR Beer (291.HK), Eastroc (605499.SS), Mao Geping (1318.HK) [1][14] Additional Insights - The report emphasizes the importance of sustainable profit growth amid a dynamic marketplace [1][11] - The analysis includes a pecking order of various consumer sub-sectors, highlighting the relative strengths of companies within those sectors [1][14] - The report also notes the potential for companies like Li Ning and Haitian to outperform in case of a better-than-expected recovery in consumption [1] Conclusion - The China consumer sector is poised for a transformation driven by changing consumer preferences towards emotional and experiential consumption, with significant opportunities identified across various industries and companies. The focus on well-being, the aging population, and the emergence of new channels are critical factors influencing investment strategies for 2026E [1][2][3][4][5][6]

| 01 土耳其 | 上涨 320% ↑ | | --- | --- | | 02 斯里兰卡 | 上涨 240% ↑ | | 03 俄罗斯 | 上涨 207% ↑ | | 04 西班牙 | 上涨 155% ▲ | | 05 法国 | 上涨 129% ↑ | | DC *** | + 70LL 4 | 2026年春节9天连休，促成"史上最长春节假期"，直接刺激出境游需求的爆发。同程旅行数据显示，截至1月12日，春节出境游相关产品预订已进入高峰时 段。春节前后出发的个人旅游签证、机票、酒店、跟团游等产品搜索量及预订热度全面超越2025年春节。5天-7天的短途出境游产品预订仍占据主流，不 少人将出发节点延至大年初二前后，回乡过年、出国度假"两不误"的趋势越发明显。 随着大众旅行消费升级，今年春节假期，非一线城市尤其是中西部城市用户出境游热情高涨。同程旅行数据显示，春节出境游TOP15客源地中，成都、重 庆、武汉、乌鲁木齐、太原、长沙等中西部城市纷纷上榜，占比达到四成左右。东部沿海城市依然是出境游主力，其中，杭州表现比较突出，其出境游热 度超越广州，成为仅次于上海、北京、深圳的第四大出境游客源地。 "新晋免签国"增长 ...

Group 1 - The core objective of Yinchuan City is to achieve high-quality development by 2026, focusing on the "project-oriented" approach with a total of 1,236 projects planned, amounting to a total investment of 351.5 billion RMB, and an annual planned investment of 103.76 billion RMB [1] - The projects are categorized into four main sectors: industry, infrastructure, social welfare, and real estate, with industry projects numbering 407 and an annual planned investment of 46.76 billion RMB, accounting for 45% of the total annual investment [1] - Infrastructure projects total 519, with an annual planned investment of 27.78 billion RMB, representing 27% of the total annual investment [1] Group 2 - The social welfare sector includes 230 projects with an annual planned investment of 12.04 billion RMB, while real estate projects consist of 80 projects with an annual planned investment of 17.18 billion RMB [1] - Among the projects, 256 have total investments exceeding 100 million RMB, with an annual planned investment of 76.78 billion RMB, which constitutes 74% of the total annual investment [2] - To ensure the smooth progress of these projects, Yinchuan City will utilize the "two debts and one fund" leverage effect, focusing on key projects like urban underground pipelines and village renovations, while prioritizing funding and expediting project approvals [2]

新年钟声敲响，消费市场"热"力全开！从海南免税城到北方冰雪场，升腾的烟火气里，跃动着中国经济的活力密码。 从"销假游"的错峰出行，到"跨年游"的沉浸式体验，再到"冰雪游"的季节特色，多元化的旅游消费新趋势、新玩法集中涌现，勾勒出元旦假期 文旅市场的生动图景。 2026年元旦假期，全国文旅消费市场热度持续攀升。交通运输部数据显示，元旦假期首日（1月1日），全社会跨区域人员流动量为20747.5万 人次，同比增长20.3%。 07 11 INHUA NEWS 假期 IF "5 天津核心商圈迎来 各大商场 3流激增 3 7 编辑：呼乐乐 ...

当酱酒热退潮，如何跳出同质化，酿一瓶让核心圈层消费者认可的好酒？ 好酱酒不只茅台酒，也不唯茅台标准。 神农架，因炎帝神农搭架采药而得名，是中国首个进入联合国教科文组织三大保护名录的保护地 ——"世界自然遗产地""人与生物圈自然保护区"和"世界地质公园"。 神农架林区，全国唯一以"林区"命名的行政区。目前，在位于林区松柏镇八角庙村的盘水生态工业园， 劲牌神农架酒业有限公司（下称"劲牌神农架酒业"）的技改扩能二期工程正在施工中。 在刚完成的神农架林区"十四五"规划里，传统的"木头经济""石头经济"逐步被生态工业新业态替代，传 统产业也装上了"绿色智造"的发动机。林区还在国家公园试点基础上发展生态旅游。 无论是选址、引用泉水还是移种高粱、采用机械臂摊晾取酒、开展"万人探秘神农架"酒旅融合，劲牌公 司正在做一场前所未有的大型"实验"——能不能在世界级的生态环境里，以时光为轴，天人合一，酿一 瓶中国特色生态酱酒？ 大自然是最好的酿酒师 离开了贵州茅台镇的酱酒还是好酒吗？ 一批批的经销商带着疑问来到了劲牌神农架酒业。 经过对纬度、地域、生态环境等多项指标综合分析，劲牌公司选择了神农架林区。 这是大自然递过来的一张世界级生 ...

Core Insights - The launch of the "Sanya-Prague" route marks China's first seventh-freedom passenger route, enhancing international air transport openness [1][3] - The new route aims to provide European travelers with a more direct and convenient travel option, potentially increasing international tourist traffic to Sanya [4] - Sanya's international aviation network has expanded significantly, with 41 international and regional routes now connecting 32 cities globally [4] Aviation Industry Impact - The introduction of the seventh-freedom route is a result of China's open policies in international air transport and the benefits from the Hainan Free Trade Port [3] - Sanya Phoenix International Airport has seen a record of over 21.849 million passenger trips, with international passenger volume increasing by 46.6% year-on-year [4] Economic and Market Development - The enhanced transportation accessibility has stimulated market vitality, leading to nearly 1,000 new business entities in sectors like tourism and high-tech industries since the Hainan Free Trade Port's special customs operations began [5] - During the first week of special customs operations, duty-free sales in Sanya reached 736 million yuan, a year-on-year increase of 48.2%, with tourist trips totaling 635,000, up 19% year-on-year [6]

Core Insights - Daan District has achieved significant economic growth, ranking 12th in the provincial county economic rankings by Q2 2025, with a historical best performance [1] - The district has implemented a comprehensive development strategy focusing on cultural tourism, industrial revitalization, agricultural prioritization, and urban upgrading [1] - A total of 138 signed projects with an investment of 42.378 billion yuan have injected vitality into Daan's economy over the past five years [1] Group 1: Economic Development - Daan District's county economic ranking has dramatically improved, achieving 12th place in the province by Q2 2025, with 37 urban districts ranking 7th [1] - The district's economic transformation is supported by a "1+6+5" project promotion system and extensive efforts in attracting investments, including 180 trips by district leaders for business recruitment [1] - The district has seen a total investment of 42.378 billion yuan from 138 signed projects, enhancing its economic framework [1] Group 2: Industrial and Technological Advancements - Daan District has made strides in industrial upgrades, with local companies like Sichuan Hard Alloy Co., Ltd. recognized as national champions in manufacturing [2] - The establishment of an artificial intelligence data labeling industry cluster has attracted 52 companies, including major tech firms like Baidu and Tencent, within just 36 days of project signing [2] - The district's focus on "smart transformation" has led to the recognition of several enterprises as "specialized, refined, and innovative" at the provincial level [2] Group 3: Cultural and Tourism Development - Daan District has successfully integrated culture, tourism, sports, and commerce, achieving high-quality development in the cultural tourism economy [2] - The district has been recognized as a top-tier tourist destination, consistently ranking in the top 10 of the provincial tourism review for two consecutive years [2] - Major cultural events and the establishment of significant heritage sites have contributed to the district's reputation as a national-level tourism hub [2] Group 4: Rural and Social Development - Daan District has achieved first place in the province for creating a national modern agricultural industrial park, marking a breakthrough for the region [3] - The district has developed 83 pocket parks and green spaces, enhancing the living environment for residents [3] - Upgrades to 116 old residential communities have improved local infrastructure and quality of life for thousands of residents [3]