Thanks for having me on, Frank. Yeah, dollar's being held back by some uncertainty here and frankly being down 8%. It's just a scratch. Susan, it's just you're calling it just a scratch like Elon Musk.So, it's actually down more than 9%. But I want to get to the action this week in particular. So, I think a lot of people are saying people are piling into the dollar as a safe haven, but you're saying it's something a bit different.You're saying it's some short covering and just also a bare market bounce. Yea ...

Core Viewpoint - So-Young International Inc. is postponing the effective date for the planned change in the American depositary shares (ADS) ratio, which was initially set for June 30, 2025 [2][3]. Group 1: ADS Ratio Change - The company intends to change the ADS ratio from thirteen ADSs representing ten Class A ordinary shares to one ADS representing fifteen Class A ordinary shares [2]. - The decision to delay the ADS ratio change is due to the need for additional time to finalize preparations [2]. - An updated timeline for the ADS ratio change will be announced in the future [2]. Group 2: Impact on ADS Holders - The ADS ratio change will function similarly to a proportional reverse ADS split, with no changes to the Class A ordinary shares [3]. - ADS holders will not need to take any action; the exchange of old ADSs for new ADSs will occur automatically [3]. - Fractional new ADSs will not be issued; instead, fractional entitlements will be aggregated and sold, with net cash proceeds distributed to ADS holders [3]. Group 3: Price Expectations - Following the ADS ratio change, the ADS price is expected to increase proportionally, although there is no assurance that the post-change price will match or exceed the proportional price based on the pre-change price [4]. Group 4: Company Overview - So-Young International Inc. is a leading aesthetic treatment platform in China, connecting consumers with online services and offline treatments [5]. - The company offers access to aesthetic treatments through its online platform and branded aesthetic centers, providing curated treatment information and facilitating online reservations [5]. - With strong brand recognition and an efficient supply chain, So-Young is positioned for long-term growth in the medical aesthetic value chain [5].

Core Perspective - The Beijing International Film Festival made its Australian debut at the Sydney International Film Festival, promoting cultural exchange between Chinese cinema and Australian audiences [1][4]. Group 1: Event Highlights - The promotional event featured notable attendees including Bian Jian, Liu Dong, and David White, fostering a warm atmosphere for cultural exchange [3][4]. - Liu Dong emphasized the festival's role in promoting international film cooperation, particularly between China and Australia [4]. - The 15th Beijing International Film Festival received 1,794 film submissions from 103 countries, with foreign films making up nearly 90% of the total [6]. Group 2: Film Initiatives - The Tiantan Award Panorama, part of the "Never-ending Beijing Film Festival" campaign, aims to showcase high-quality Chinese films globally, with six films presented in Sydney [8]. - The festival's online presence generated over 3.5 billion views on Weibo and over 3.2 billion views on Douyin, indicating a strong cultural phenomenon [6]. Group 3: Industry Insights - David White highlighted the potential for collaboration between Australia and China in the film industry, especially in the context of a challenging global market [9]. - The Beijing International Film Festival aims to continue promoting cultural exchange and cooperation, focusing on storytelling as a key element for success [10].

Exchange Rate Summary - The central parity rate of the RMB against the USD is reported at 7.1695, indicating a depreciation of the RMB by 34 points [1] - The EUR/RMB exchange rate is at 8.2603, with an increase of 208 points [1] - The HKD/RMB rate is at 0.91333, showing a decrease of 4.5 points [1] - The GBP/RMB rate stands at 9.6701, reflecting an increase of 386 points [1] - The AUD/RMB exchange rate is reported at 4.6529, down by 188 points [1] - The CAD/RMB rate is at 5.2392, decreasing by 46 points [1] - The JPY/RMB exchange rate is at 4.9402, down by 145 points [1] - The RMB/RUB rate is at 10.9105, showing a decrease of 28 points [1] - The NZD/RMB exchange rate is at 4.3054, down by 245 points [1] - The RMB/MYR rate is at 0.5930, with an increase of 15 points [1] - The CHF/RMB exchange rate is at 8.7887, reflecting an increase of 192 points [1] - The SGD/RMB rate is at 5.5835, down by 54 points [1]

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Core Perspective - A vibrant cultural celebration titled "Musical Tours in Inner Mongolia, Singing and Dancing in Harmony with Hong Kong" was launched in Hong Kong, showcasing the cultural exchange between Inner Mongolia and Hong Kong SAR [1] Group 1: Event Overview - The event was co-organized by the Culture and Tourism Department of the Inner Mongolia Autonomous Region, the Asia Tourism Exchange Center, and China Everbright Bank Hong Kong Branch [1] - The Wulanmuqi Art Troupe performed classic Inner Mongolian melodies and dances, captivating the audience and evoking the spirit of Inner Mongolia [2] - The troupe also performed Cantonese classics, fostering a sense of connection between Inner Mongolia and Hong Kong [2] Group 2: Cultural Exchange Activities - The Wulanmuqi Art Troupe toured various districts in Hong Kong from June 5th to 8th, engaging with citizens through performances and interactive displays of intangible cultural heritage [3] - The event allowed participants to experience the beauty and diversity of Inner Mongolian culture firsthand [3] Group 3: Significance of the Event - This cultural celebration marked the 28th anniversary of Hong Kong's return to China, enhancing literary and artistic exchanges between Inner Mongolia and the Guangdong-Hong Kong-Macao Greater Bay Area [4] - The event served as a platform to showcase Inner Mongolia's traditional culture and tourism resources [4]

Core Points - The central bank's foreign exchange market has reported the RMB exchange rate against various currencies, indicating fluctuations in the value of the RMB [1] Exchange Rate Summary - USD/RMB is reported at 7.1729, a decrease (RMB appreciation) of 32 points [1] - EUR/RMB is reported at 8.2395, a decrease of 163 points [1] - HKD/RMB is reported at 0.91378, a decrease of 3.9 points [1] - GBP/RMB is reported at 9.6315, a decrease of 265 points [1] - AUD/RMB is reported at 4.6717, an increase of 123 points [1] - CAD/RMB is reported at 5.2438, a decrease of 130 points [1] - 100 JPY/RMB is reported at 4.9547, an increase of 91 points [1] - RMB/RUB is reported at 10.9133, a decrease of 168 points [1] - NZD/RMB is reported at 4.3299, a decrease of 17 points [1] - RMB/MYR is reported at 0.59154, an increase of 7 points [1] - CHF/RMB is reported at 8.7695, a decrease of 348 points [1] - SGD/RMB is reported at 5.5889, an increase of 2 points [1]

Raise your hand if you've ever felt like you were falling behind in life. Well, that was me, too. As a matter of fact, I've always wondered what happens when you run out of options, but life keeps going anyway. Sometime in December 2018, I was sitting in last moment. I was crying so hot I could barely breathe. At that time, my rent was overdue and my savings were gone. And on that day, I made the hardest decision of my life. I dropped out of college. It felt like the end, but in hindsight, it was the beginn ...

Environmental Impact & Climate Change - Human activity has increased greenhouse gases, leading to a 1.1°C temperature rise over the last century [2] - This temperature increase has caused an 8-inch rise in ocean levels due to melting glaciers [2] - Climate change has put 3.6 billion people at risk, leading to 15 times greater mortality in the last decade for those individuals [2] - Oklahoma County has experienced 3.2% fewer days below freezing per decade [2] Biophilia Hypothesis & Ecological Identity - The biophilia hypothesis suggests humans evolved to be connected with nature [1] - Empirical studies show that connection to nature leads to physical, mental, cognitive, and affective health benefits [1] - Integrating nature components into built environments can provide similar health benefits [1] - Centralizing ecological identity, seeing oneself as part of nature, is crucial for promoting pro-nature behaviors [2][3] Actions for Reconnection - Increase eco-literacy by learning about nature, climate, and sustainable choices [2] - Spend more time in nature to mitigate climate challenges and eco-anxiety [2] - Critically reflect on one's place in nature through mindfulness and dialogue [3][5] - Engage in dialogue with others to question assumptions and worldviews about nature [6]