策略日报：调整-20250530

Group 1: Major Asset Tracking - The bond market shows an overall increase in interest rate bonds, with long-term bonds rising more than short-term ones. The outlook suggests that due to the fluctuating trade disputes, the government bond futures are expected to enter a consolidation phase [16] - The A-share market experienced a day of fluctuation and adjustment, with the ChiNext index dropping nearly 1%, leading the market decline. The total trading volume for the day was 1.16 trillion, slightly down from the previous day, with nearly 4,000 stocks declining. The market is expected to enter a consolidation phase, with technology, dividend, and consumer sectors rotating upwards [19][21] - The U.S. stock market saw slight gains, with the Dow Jones up 0.28%, Nasdaq up 0.39%, and S&P 500 up 0.4%. The narrative of recession may become a focal point for market trading in the future, especially if the volatility of U.S. stocks can be successfully amplified [23] - The foreign exchange market indicates that the onshore RMB against the USD closed at 7.1963, up 75 basis points from the previous day. The RMB is expected to rise to around 7.1 [26] - The commodity market saw the Wenhua Commodity Index drop by 0.91%, with most sectors declining. The overall technical structure remains bearish, suggesting a wait-and-see approach [27] Group 2: Important Policies and News - The Ministry of Human Resources and Social Security and other departments issued a notice to enhance the salary distribution incentives for skilled talents in state-owned enterprises [32] - The Shanghai Stock Exchange and the China Securities Index Company will officially launch the SSE 580 Index on June 16, 2025, providing a richer set of investment targets [33] - China's shipbuilding industry leads globally in new orders, with some companies' orders extending to 2029, indicating strong market resilience and competitiveness [35]