Core Points - UnionPay International signed a strategic cooperation memorandum with The Mall Group in Thailand on November 5, focusing on optimizing acceptance experience, brand marketing promotion, and data analysis sharing [1][2] - The partnership will ensure that all merchants in existing and new shopping centers accept UnionPay payments and prominently display UnionPay branding [1][2] - A cross-border QR code interconnectivity project between UnionPay and PromptPay, operated by National ITMX, is set to launch in October 2025, allowing Chinese tourists in Thailand to use the Cloud Flash Payment app to scan PromptPay QR codes for payments [1][2] Summary by Categories Cooperation Details - The collaboration aims to enhance the payment acceptance experience and promote brand marketing activities [1][2] - Joint planning for more brand promotion and marketing activities will be conducted [1][2] Payment Acceptance - All merchants in both existing and new shopping centers will be required to accept UnionPay payments [1][2] - UnionPay branding will be prominently displayed in these shopping centers [1][2] Future Developments - The cross-border QR code interconnectivity project is scheduled to go live in October 2025 [1][2] - This project will facilitate payment for Chinese tourists in Thailand using the Cloud Flash Payment app [1][2]

Core Insights - The National Day and Mid-Autumn Festival holiday saw a significant increase in domestic tourism, with 888 million trips taken and total spending reaching 809 billion yuan, marking an increase of 1.23 billion trips and 108.2 billion yuan compared to the previous year [1] - Cross-border travel and new consumption scenarios such as concerts and festivals have emerged as key trends during the holiday period, driving consumer spending [1][6] Domestic Tourism Trends - The holiday period recorded 888 million domestic trips, with total spending of 809 billion yuan, reflecting a robust recovery in the tourism sector [1] - New first-tier cities and county markets led the growth in consumer spending, with Chongqing surpassing major cities like Beijing and Shanghai in both transaction volume and value [6] Cross-Border Travel Insights - Cross-border payment transactions increased significantly, with 41.55 billion transactions processed, amounting to 13.26 trillion yuan, representing a year-on-year increase of 95.23 billion transactions and 1.86 trillion yuan [1] - The implementation of visa-free policies has boosted inbound tourism, with South Korea, the US, Russia, Japan, and Malaysia being major sources of visitors [3] Payment Trends - Alipay reported a nearly 40% increase in spending by inbound tourists during the first five days of the holiday, with a 500% increase in transactions using the "Alipay Tap" feature [3] - WeChat data indicated a 21% increase in cross-border payment transactions during the holiday, with notable growth in transactions from South Korea and Malaysia [4] Emerging Consumption Scenarios - New consumption scenarios, such as concerts and anime conventions, have become significant drivers of spending, with events like the CPSP anime expo attracting large crowds and high spending [8] - The trend towards experiential travel is evident, with tourists seeking to immerse themselves in local culture rather than merely reaching destinations [8]

Group 1 - As of the end of August, China's foreign exchange reserves reached 332.22 billion USD, an increase of 29.9 billion USD from the end of July, reflecting a growth rate of 0.91% [1] - The stable growth of China's economy demonstrates strong resilience and vitality, which supports the stability of foreign exchange reserves [1] Group 2 - From July to August 2025, UnionPay and NetUnion processed a total of 276.996 billion payment transactions, amounting to 15.166 trillion CNY, representing year-on-year growth of 14.59% and 16.64% respectively [2] - The growth rate of transaction amounts accelerated by 3.3 percentage points compared to the first half of the year [2] Group 3 - Since its inception in 1997, the China International Investment and Trade Fair has led to an increase in foreign-invested enterprises in Fujian province to 78,000, with an average annual growth of 2,116 enterprises [3] - In the first seven months of this year, the import and export trade volume of foreign-invested enterprises in Fujian reached 238.77 billion CNY, with imports at 91.24 billion CNY and exports at 147.53 billion CNY [3]

Core Insights - Domestic financial institutions and payment platforms are increasingly offering various overseas consumption incentives during the peak travel season, allowing consumers to save money through cashback and favorable exchange rates [1][2][3] Group 1: Cashback Offers - Multiple banks are collaborating with card organizations like UnionPay to launch exclusive overseas cashback activities, with some credit cards offering up to 7,000 RMB in cashback rewards per month [4] - Consumers can participate in these cashback promotions by registering in advance through bank apps, particularly for credit cards from institutions like China Merchants Bank and Minsheng Bank [2] Group 2: Rental and Travel Discounts - Domestic rental platforms provide significant discounts compared to direct bookings with overseas car rental companies, with savings of approximately 18% noted in a comparison of rental prices in California [2] - Exclusive offers for transportation, including car rentals and airline tickets, are becoming more prevalent, encouraging consumers to check for these deals before traveling [2] Group 3: Exchange Rate Discounts - Payment tools like Alipay and WeChat are offering real-time favorable exchange rates, with potential savings of up to 115 RMB for every 10,000 RMB spent [3] - UnionPay cardholders can enjoy enhanced exchange rates in over 30 popular destinations, with significant savings reported for transactions in Europe and other regions [3] - Consumers are advised to inquire about the best payment methods to maximize cashback and exchange rate discounts when making purchases abroad [3]