Core Viewpoint - The 2026 Spring Festival travel season in China is expected to see a 5% year-on-year increase in passenger volume, with a total of 539 million travelers anticipated over the 40-day period from February 2 to March 13, 2026 [1][2]. Group 1: Passenger Volume and Capacity - The expected increase in passenger volume is closely tied to the railway capacity, with the actual demand likely exceeding the projected figures due to the high demand during the Spring Festival [2]. - The railway department plans to enhance capacity by utilizing new high-speed rail lines and additional trains, with the potential to operate over 14,000 passenger trains on peak days, representing a 5.3% increase in seating capacity [2][3]. Group 2: Service Enhancements - The introduction of a limited-time free refund service for mistakenly purchased tickets aims to protect travelers from financial loss and improve customer satisfaction [4]. - Various new services are being implemented, including additional student discount tickets, dedicated booking areas for migrant workers, and enhanced telephone booking services for elderly travelers [5]. Group 3: Travel Experience Improvements - The expansion of "quiet carriages" and services for carrying ski equipment and large luggage aims to enhance the travel experience for passengers [6]. - The railway department is also increasing pet transport services to accommodate travelers with pets, ensuring a more comprehensive service offering [6]. Group 4: Ticketing System Optimization - The railway department is reinforcing the ticketing system to handle high demand during peak times, including optimizing resource allocation and enhancing network bandwidth [7]. - Real-time analysis of passenger demand will allow for dynamic adjustments in ticket availability, ensuring that both long-distance and short-distance travelers are accommodated [7]. Group 5: Third-Party Ticketing Concerns - The official railway ticketing platform, 12306, is emphasized as the only legitimate source for purchasing train tickets, with warnings against third-party platforms that may charge additional fees [8]. - Measures are in place to ensure a fair ticket purchasing environment, including identifying and managing abnormal access requests to prevent ticket scalping [8].

服务方面，南铁推出多项便民新举措： 2026届高校毕业生新增2次单程学生优惠票，本学年可享6次优惠，优惠范围扩大至动车组一等座、卧铺 等席别。 静音车厢数量扩大至332个，营造安静乘车环境。 经济观察网 据央视新闻客户端消息，2026年春运将于2月2日启动，至3月13日结束，共计40天。中国铁 路南昌局集团有限公司（以下简称"南铁"）预计发送旅客3660万人次，同比增长6%，有望创下春运旅 客发送量历史新高。其中，江西省预计发送1867万人次，福建省发送1793万人次。 今年春运是"十五五"规划实施后的首个春运，伴随春节假期延长，旅客出行需求进一步释放。客流整体 呈现"节前平稳、节后集中"的特征，并体现出"返乡+旅游""探亲+度假"等融合趋势。 节前高峰预计出现在2月7日至14日，日均约87.8万人次；节后首个高峰为2月21日至25日，日均约123万 人次，其中2月23日（正月初七）预计发送136万人次，达单日最高峰。3月4日至8日将迎来第二波高 峰，学生、务工、探亲客流叠加，日均约112.3万人次。 为应对客流，南铁计划安排图定临客441列，包括前往广深、沪杭、西南等方向的跨省直达列车298列， 以及管内中 ...

Core Insights - The 2026 Spring Festival travel season will begin on February 2 and end on March 13, lasting for 40 days, with an expected passenger volume of 539 million, representing a year-on-year increase of 5.0% [3][4] - Ticket sales for the Spring Festival travel season will start on January 19, with peak travel days anticipated on February 13 before the festival and February 23 after the festival [3][4] Ticket Sales and Key Dates - Ticket sales for the Spring Festival travel season will commence on January 19, 2026 [3] - Key ticket purchase dates include: - February 2: Start of travel season - February 13: Peak travel day before the festival - February 23: Peak travel day after the festival [3] New Services and Initiatives - Starting January 19, a limited-time free refund service for mistakenly purchased tickets will be available, allowing passengers to cancel tickets purchased for travel on or after February 2 within 30 minutes of payment, provided it is more than 4 hours before departure [4] - From February 1, the "quiet carriage" service will be expanded to include more train types, increasing the number of trains offering this service to over 8,000 [4] - The 12306 app will continue to support student ticket reservations, with an additional two one-way discounted tickets for the 2026 graduating class, allowing a total of six discounted purchases this academic year [4] - A new reservation service for migrant workers will be available from January 14 to February 26, allowing verified workers to book tickets for the travel period [4]

Group 1 - The core viewpoint of the article is that the China National Railway Group has introduced additional student discount tickets to support the employment of 2026 college graduates, allowing them to purchase a total of 6 one-way discounted tickets this academic year [1][2] - The initiative is part of a collaborative effort with the Ministry of Education, the Ministry of Human Resources and Social Security, and the Communist Youth League to facilitate job-seeking travel for graduates [1] - Students can apply for the discount qualification verification through the railway 12306 app, and those from certain universities can complete the verification process at train stations with proof of graduation [1] Group 2 - Since last year, the railway department has implemented a series of student discount measures, allowing students to use 4 one-way discount tickets per academic year, with flexible pricing based on their home and school locations [2] - The discount ticket pricing for high-speed trains has been expanded to include second-class, first-class, and sleeper seats, with a pricing structure of 75% of the ticket price, not lower than 40% of the published price [2] - During the 2026 Spring Festival travel season, the railway 12306 app will continue to offer a student reservation function, allowing students to submit up to 3 orders for different train and seat combinations, with the ability to reserve tickets for up to 19 students [2]

Group 1 - The National Railway Group, in collaboration with the Ministry of Education and the Ministry of Human Resources and Social Security, has introduced new regulations to facilitate job-seeking for 2026 graduates by providing two additional one-way student discount tickets [1] - Graduates can apply for the student discount qualification verification through the railway 12306 client [8] - Students who have not verified their qualifications on "Xuexin.com" can complete the verification process at train station windows with their graduation proof, allowing them to purchase up to six one-way student discount tickets for the academic year [10] Group 2 - During the 2026 Spring Festival travel period, students can submit reservation requests for tickets from 20 to 17 days before departure, with a maximum of three orders per account, each containing combinations of five "train number + seat type" options [10] - Students must complete the student discount qualification verification once per academic year, which runs from October 1 to September 30 of the following year [11] - Students who have completed the verification will not need to show their student ID during travel, while those who have not must carry their student ID for inspection [12] Group 3 - The student reservation ticket service does not currently support seat selection [13] - If a reservation order includes two students, and one has remaining discount tickets while the other does not, the order will fail to be fulfilled [13] - If a ticket is changed after reservation, it will still retain the student discount if changed to a discounted seat type [13] Group 4 - In cases of network purchase discrepancies regarding discount zones or exceeding discount counts, students can rectify this at the train station ticket window with valid identification and student discount card [14] - Students can purchase tickets in segments if there are no direct trains available for the entire journey [15] - When multiple train stations exist in the same city, students can use the discount without modifying the discount zone [17]

Group 1 - The core viewpoint of the article highlights the Chinese National Railway Group's initiatives to enhance travel services for student passengers, particularly in light of the upcoming 2026 college graduates [1] - The railway department has introduced two additional one-way student discount tickets for the 2026 graduates, allowing a total of six discounted ticket purchases for the current academic year, aimed at facilitating job-seeking trips [1] - The 12306 railway ticketing platform continues to offer a normalized student reservation service, enabling registered students to submit up to three orders simultaneously for different train options [1] Group 2 - The reservation system allows students to submit requests for tickets 20 to 17 days before the departure date, with notifications sent via SMS regarding the status of their orders [1] - The available seating options for reservations include hard seat, hard sleeper, and second-class seat, providing flexibility for students [1]

Group 1 - The core point of the article is that the China National Railway Group has introduced additional student discount tickets for the 2026 college graduates to facilitate their job-seeking travel, increasing the total number of discounted tickets to six for the academic year [1][2] Group 2 - The railway department has implemented a series of student discount measures since last year, allowing students to use four single-trip discount tickets per academic year, with flexible pricing based on the actual residence to school location [2] - The discount ticket pricing for students is set at 75% of the ticket price, with a minimum of 40% of the published price, and the scope of applicable seats has been expanded to include second-class, first-class, and sleeper tickets [2] - During the 2026 Spring Festival travel season, the railway 12306 app will continue to support student reservation functions, allowing students to submit up to three orders simultaneously for different train and seat combinations [2]

Group 1 - The student ticket reservation service allows booking from 17 to 20 days before the train departure [1] - Students can purchase discounted tickets through regular sales after the tickets are released, not just through the reservation service [1] - A maximum of three pending orders can be submitted per account, with each order allowing five combinations of "train + seat type" for one travel date [1] Group 2 - If a pending order includes two students, and one has remaining discount times while the other does not, the order will fail [2] - Currently, the student reservation service does not support seat selection [2] Group 3 - If a ticket booked through the reservation service is changed, the new ticket can still be a discounted student ticket [3] Group 4 - Refunds for student discount tickets will return discount times only if all segments of a journey are canceled; partial cancellations will not return the discount times [5] - Students who have passed the discount qualification verification will not need to show their student ID during travel, while those who have not must carry their student ID for verification [5]

Domestic News - A total of 40 listed companies in the A-share market will have their restricted shares unlocked next week, with a combined market value of approximately 966.01 billion yuan. The companies with the highest unlock values include Times Electric (278.23 billion yuan), Southern Power Storage (230.81 billion yuan), and BGI Genomics (133.82 billion yuan) [1] - The unlock ratios for several companies exceed 50%, with Minshida at 66.23%, Southern Power Storage at 65.3%, Sailun Biotech at 59%, and Zhejiang Hengwei at 50.95% [1] International News - The 24th Economic Ministers' Meeting of the Shanghai Cooperation Organization (SCO) was held in Vladivostok, Russia, focusing on sustainable economic growth measures and planning for future regional economic cooperation [2] - The price of domestic gold jewelry has surpassed 1,060 yuan per gram, with brands like Chow Sang Sang and Lao Miao reporting increases in their gold prices [3] - The completion of the first main tower of the Zhuhai Bridge, which connects Zhoushan's Liuhong Island and Foduo Island, marks a significant milestone in infrastructure development, with a main span of 1,768 meters [3]

Core Viewpoint - The railway department in China has optimized ticket purchasing and travel discount measures for student travelers, making it more flexible and beneficial for them [1] Group 1: Ticket Discount Measures - Student travelers can use four one-way discounted tickets each academic year (from October 1 to the following September 30) at any time [1] - The discount range can be adjusted based on the distance from the family residence to the school location [1] - The scope of student discount tickets for high-speed trains has been expanded to include second-class seats, first-class seats, and sleeper compartments [1] Group 2: Pricing Adjustments - The pricing rule for student discount tickets has been adjusted to 75% of the executed ticket price [1] - The new discounted tickets are available for purchase starting today, enhancing the convenience and affordability for student travelers [1]