中国两部门：鼓励外国籍邮轮入境访问 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 中新社北京12月5日电 (记者 刘文文)中国交通运输部、文化和旅游部5日对外公布的《进一步促进邮轮 运输及旅游服务发展的若干措施》(简称《措施》)指出，培育壮大邮轮消费，鼓励外国籍邮轮入境访 问。 邮轮经济产业链长、带动性强，是新的经济增长点。今年1—11月，邮轮旅客运输量达126.5万人次，同 比增长27.8%，对促进旅游发展和扩大消费发挥了积极作用，但也存在服务供给有短板、消费需求不旺 盛、政策措施待优化等问题。为更好促进邮轮经济发展，交通运输部联合文化和旅游部共同印发《措 施》。 为丰富邮轮航线和产品，《措施》提出，拓展邮轮始发航线。鼓励五星红旗邮轮积极开发国内沿海航 线。外国籍邮轮经依法批准可临时从事国内沿海运输。鼓励邮轮运输企业开发海上丝绸之路、环球游等 长航线。推进上海等地开展邮轮无目的地海上游航线试点。 《措施》明确，鼓励外国籍邮轮入境访问。进一步优化外 ...

Summary of Key Points from Conference Call Records Industry Overview - **Transportation Industry**: The report focuses on the transportation sector, particularly the aviation and shipping industries, with a positive outlook for 2026 [1][2][3]. Core Insights and Arguments Aviation Industry - **Optimistic Outlook**: The aviation sector is expected to perform well in 2026, with passenger load factors reaching historical highs (e.g., 87% for major airlines like China Southern and China Eastern, and over 90% for Spring Airlines) [3][4]. - **Profit Potential**: A 10% increase in ticket prices for airlines with revenues around 100 billion can lead to a profit increase of approximately 10 billion [1][3]. - **Supply Chain Constraints**: The global aircraft supply chain is anticipated to remain tight due to limited participants in the manufacturing market and challenges in scaling production [4]. - **Demand Drivers**: Increased consumer policies and travel demand are expected to significantly boost service consumption, particularly in cultural and tourism sectors [4]. Shipping Industry - **Market Segments to Watch**: Focus on cruise, bulk cargo, and container shipping markets, with cruise rates exceeding $100,000 per day, driven by oil production cycles and sanctions [5][6]. - **Capacity Constraints**: The shipping industry faces limited capacity growth due to low order backlogs since 2022, leading to a strong growth outlook [5][6]. - **Oil Tanker Market**: High percentage of aging vessels (20 years or older) necessitates increased scrapping, with every $10,000 rise in rates potentially adding over 1 billion in profits for companies like COSCO Shipping Energy [8]. - **Dry Bulk Market**: The Simandou iron ore project is expected to significantly increase transportation demand, with production projected to reach 20 million tons by 2026 and 80 million tons by 2028 [8]. Dividend Assets - **Return Expectations**: Dividend assets are projected to revert to mean returns around 10% in 2026, driven by 5% earnings growth and a 4-5% dividend yield [9][10]. - **Highway Sector Stability**: The highway sector is expected to maintain stable operations, with dividend yields projected between 4.5-5% for companies like Sichuan Chengyu and Shandong Highway, and potentially over 6% for Hong Kong-listed firms [10]. Port Sector - **Strategic Importance**: Ports are highlighted as strategic global assets, with companies like China Merchants Port showing upward momentum due to their current undervaluation [11]. Express Delivery Industry - **Market Adjustments**: The express delivery sector, particularly the Tongda system, is positioned for growth following adjustments and the "anti-involution" policy, which is expected to enhance industry quality and profitability [12]. Additional Important Insights - **Investment Recommendations**: Key companies to watch include major airlines (Air China, China Eastern, China Southern), and shipping firms like COSCO Shipping and China Merchants Energy, as well as express delivery leaders like YTO Express and ZTO Express [6][12]. - **Overall Investment Focus**: The report emphasizes the importance of sectors with upward performance potential, such as aviation, shipping, and express delivery, alongside dividend assets that are expected to recover in the economic recovery context [13].