Core Insights - The 2025 Global Launch Festival featuring the National Trend Jewelry Premiere Station commenced on October 31 at Oriental New World, aiming to unleash the potential of the launch economy [1][3] - The event offers an immersive shopping experience through "show and sell," integrating display, sales, and experience in a National Trend Jewelry market [1][3] Group 1: Event Overview - The National Trend Jewelry Premiere Station is a key segment of the 2025 Global Launch Festival, focusing on innovative consumption scenarios combining gold jewelry brands and national trend intangible cultural heritage brands [1] - Daily showcases featuring five brands will occur at the main venue on October 31 and November 1, highlighting new National Trend jewelry collections [1] Group 2: Consumer Experience - The main venue will collaborate with various National Trend jewelry brands, including Lao Pu Gold, Chow Tai Fook, China Gold, and others, to provide a one-stop shopping experience for consumers [3] - The event employs a "1 main and 8 sub" all-domain linkage model, with eight sub-venues offering unique promotional activities to create a city-wide festive shopping atmosphere [3] Group 3: Future Plans - Following the 2025 Global Launch Festival, plans are in place for a "Smart Technology Premiere Station" event in late November, featuring brands from artificial intelligence, smart transportation, smart home, creative work, and health entertainment sectors [3]

Core Viewpoint - The promotion of new consumption is crucial for boosting domestic demand, with private enterprises playing a significant role in this transformation through innovation and new business models [1][4]. Group 1: Legislative Support - The Private Economy Promotion Law aims to foster the healthy development of the private economy and ensure a stable, transparent, and predictable business environment [2][3]. - This law establishes a legal framework that eliminates concerns over policy fluctuations, thereby enhancing market expectations and stimulating the potential of the private economy [2][3]. Group 2: Financing and Investment - The Private Economy Promotion Law addresses financing bottlenecks by promoting a multi-tiered capital market system, allowing qualified private enterprises to access direct financing through stock and bond issuance [3][4]. - Capital markets are expected to provide essential support for innovative private entities, enabling them to secure timely financing for growth [3]. Group 3: Innovation and New Consumption - The law encourages private enterprises to adopt new technologies and develop new products, services, and business models, which are essential for enhancing supply quality [4][5]. - Companies are increasingly focusing on emotional value in consumer products, targeting younger demographics with innovative and differentiated offerings [4][5]. Group 4: Supply Chain Optimization - Companies like Three Squirrels are leveraging digital supply chain systems to enhance production efficiency and reduce costs, aligning with the trend of high-quality, cost-effective products [5][6]. - The integration of digital tools and a focus on high-quality sourcing are key strategies for companies to meet the rising demand for personalized and health-oriented products [6].

Group 1: Overview of Private Economy - The private economy in China is characterized by the "five six seven eight nine" features, with private enterprises accounting for over 90% of the total number of enterprises, significantly impacting consumer market vitality [1] - The newly enacted Private Economy Promotion Law aims to create a stable, fair, transparent, and predictable development environment for private enterprises, focusing on aspects like fair competition and investment promotion [2][3] - As of now, there are over 2,100 private listed companies in the Shenzhen market, representing more than 70% of the total listed companies, with over 70% of these companies expected to be profitable in 2024 [2] Group 2: Innovation and New Consumption - Private enterprises are actively innovating and entering new industries, particularly in the new consumption sector, enhancing product and service specialization to meet diverse consumer needs [4] - Wanchen Group has built a membership system with over 100 million consumers, leveraging data and feedback to capture trends and optimize supply chains [4] - Three Squirrels has become the fourth largest snack company in China, implementing a digital supply chain strategy to reduce costs and ensure product freshness [4] Group 3: Financial Performance and Growth - Chao Hong Ji, the first fashion jewelry listed company in A-shares, reported a revenue of 2.252 billion yuan in Q1 2025, a year-on-year increase of 25.36%, and a net profit of 189 million yuan, up 44.38% [5] - The overall R&D investment of private enterprises in Shenzhen reached 528.77 billion yuan in 2024, reflecting a year-on-year growth of 4.12% [7] - Chao Hong Ji has focused on digital transformation since 2006, enhancing operational efficiency and inventory management through advanced information systems [7][8] Group 4: Supply Chain and Efficiency - Baichen Group has invested in smart warehousing and predictive systems to optimize inventory management, achieving a gross margin increase from 9.52% to 10.86% in 2024 [8] - The company operates over 15,000 stores, demonstrating the effectiveness of its "technology-driven efficiency and model innovation" strategy [8]