Group 1 - The central viewpoint of the news is the announcement of policies aimed at expanding service consumption, with a focus on enhancing service supply capabilities and stimulating new consumption growth through fiscal and financial measures [1] - Local policies in Shaoxing, Zhejiang, include subsidies for hosting banquets in hotels, with a maximum subsidy of 5,000 yuan for events with five tables or more and a total expenditure of at least 10,000 yuan [1] - The policies are expected to directly stimulate demand for white wine during the upcoming Mid-Autumn Festival and National Day holidays, benefiting both banquet consumption and suppliers in the industry [1] Group 2 - Relevant ETFs that may benefit from the upcoming holidays include the Tourism ETF (562510), Food and Beverage ETF (515170), Consumption 30 ETF (510630), and Hong Kong Stock Consumption ETF (513230) [2]

Group 1 - The core viewpoint of the news highlights the strong performance of the new energy sector, particularly in battery, energy storage, and photovoltaic industries, with the electric equipment index rising over 4% [1] - The consumption sector is experiencing a downturn, with tourism and food and beverage stocks declining, as evidenced by the food and beverage ETF (515170) dropping over 1% [1] - The tourism ETF (562510) also saw a decline of over 1%, with notable drops in stocks such as Tibet Tourism, Nanjing Commercial Travel, and Changbai Mountain [1] Group 2 - Data from Hanglv Zongheng indicates that domestic flight ticket bookings for the upcoming Mid-Autumn and National Day holidays have exceeded 2.08 million, representing a 23% increase in daily bookings compared to the same period last year [1] - International flight ticket bookings have surpassed 1 million, with a 17% increase in daily bookings compared to last year [1] - The trading activity in the tourism sector is expected to remain high as the long holidays approach, with previous major holidays showing a trend of increased per capita spending [1]

旅游及酒店板块拉升，三峡旅游触及涨停，君亭酒店、金陵饭店、华天酒店、首旅酒店跟涨。相关ETF 方面，旅游ETF（159766）成交额8116.89万元，旅游ETF（562510）成交额2489.38万元。 ...

Core Viewpoint - CITIC Securities indicates that July financial data shows signs of "deposit migration," likely due to declining deposit yields and the emergence of "profit effect" in capital markets [1] Group 1: Deposit Migration - The migration of funds includes investments in insurance, wealth management, and direct entry into the stock market, with an increasing emphasis on equity assets from insurance and wealth management [1] - CITIC Securities estimates that over 5 trillion yuan may flow out of deposits into "fixed income+" asset management products due to excess savings or maturing deposits [1] Group 2: Market Outlook - In the secondary market, the Shanghai Composite Index has continuously broken a 10-year high and may aim for 3,800 points [1] - Sectors that previously experienced significant adjustments, such as food and beverage and tourism, continue to attract capital [1] - The Tourism ETF (562510) has seen 16 consecutive days of fund subscriptions, while the Food and Beverage ETF (515170) has attracted nearly 500 million yuan in subscriptions over the past 20 days [1]

Group 1 - The Hong Kong stock market opened higher on July 16, with the Hang Seng Index rising by 0.46%, the Hang Seng China Enterprises Index increasing by 0.56%, and the Hang Seng Tech Index up by 0.89% [1] - Major technology stocks and biopharmaceutical stocks saw a broad increase, with innovative drug concept stocks active and rare earth concept stocks rising [1] - The retail sales of consumer goods in June reached 4.2 trillion yuan, showing a year-on-year growth of 4.8%, while the total for the first half of the year was 24.5 trillion yuan, up by 5.0% year-on-year [1] Group 2 - The National Bureau of Statistics indicated that China is in a critical phase of consumption structure upgrading, with per capita GDP stabilizing above 13,000 USD for two consecutive years, highlighting significant growth potential in cultural tourism, healthcare, and elderly care consumption [1] - Ping An Securities' research report emphasizes the importance of focusing on niche markets related to spiritual needs in the second half of the year, suggesting that understanding consumer sentiment fluctuations could present opportunities for consumer goods companies [1] - The report specifically highlights optimism for industries related to outdoor sports, gold and jewelry, and cultural creative IP [1] Group 3 - Relevant popular ETFs include the Tourism ETF (562510), which may benefit from the ongoing summer holiday, the Food and Beverage ETF (515170) for core assets in the food and drink sector, the Consumption 30 ETF (510630) covering various segments like liquor, food, beauty care, and biotechnology, and the Hong Kong Consumption ETF (513230) that aggregates leading new consumption stocks in Hong Kong [2]

据国家统计局数据，1~3月，我国批发和零售业增加值3.3万亿元，同比增长5.8%，占GDP比重为 10.4%。我国批发和零售业取得良好开局，为扩大国内需求、畅通国民经济循环提供有力支撑。 4月23日早盘，港股三大指数集体高开。恒指高开2.4%报22080点，恒生科技指数高开3.5%，国企指数 高开2.54%。港股消费板块早盘走势较为积极，现持续攀升，港股消费ETF（513230）现涨近3.5%，持 仓股中，百盛中国领涨近9%，思摩尔国际跟涨超7%，申洲国际、阿里巴巴、比亚迪股份、创科实业等 涨幅居前。 近期，京东宣布将推出2000亿出口转内销扶持计划。旨在为外贸企业提供从产品开发到市场落地的全链 路支持，助力国内消费的扩容升级。美团、东方甄选、百度、苏宁等企业也纷纷加入，跨境电商平台同 样在加码补贴、优化渠道，助力企业多元布局、稳步转型。 食品饮料ETF（515170）一键配置"吃喝板块"核心资产； 消费30ETF（510630）涵盖白酒、食品、美容护理、生物科技等细分板块； 港股消费ETF（513230）一键网罗港股互联网消费龙头。 国泰海通证券认为，继续重视内需及新消费布局，先成长后价值配置需求提升。在关 ...