Guotai Haitong: Policies injecting consumption dynamism, bullish on three-party acquiring "shovel" companies.

Guotai Haitong released a research report stating that at the beginning of the 26th year, frequent consumer promotion policies were issued, the strategy of expanding domestic demand continued to be promoted, which would accelerate the boost of consumer confidence and drive the expansion of consumer demand. Third-party acquiring companies are expected to benefit from the recovery of offline consumption. Compared to 2025, in 2026, "guobu" made optimizations in three aspects of support scope, subsidy standards, and implementation mechanisms.