Advancing the high-quality development of service consumption is a fundamental strategy for the Chinese government to expand domestic demand, promote employment, and stabilize economic growth. This paper, after systematically reviewing the impact of market transparency, information sharing, and the level of service consumption in the Chinese market, proposes two theoretical hypotheses. These hypotheses are then empirically tested using panel data from 30 provinces in China from 2012 to 2022. The study finds that market transparency not only directly enhances the level of service consumption but also indirectly promotes it through the facilitation of information sharing. Consequently, the Chinese government should foster a more transparent market transaction environment, strengthen the construction of information infrastructure, encourage high-level openness in the service sector, and support the development of new scenarios and new business forms in service consumption, to further unleash the potential of service consumption.