Group 1 - Shanghai International Reinsurance Center is accelerating its construction to enrich international financial products, allowing foreign traders to directly participate in trading six internationalized futures products including crude oil and low-sulfur fuel oil [1] - Eramet, a French mining company, is committed to maintaining 10,460 local jobs in Gabon despite the government's announcement to ban the export of manganese ore starting in 2029 [1] - Mysteel's survey of 247 steel mills shows a blast furnace operating rate of 83.87%, a capacity utilization rate of 90.69%, and a profit rate of 58.87%, with a daily average pig iron output of 2.4191 million tons [1] - As of May 31, the soybean harvest rate in Brazil for the 2024/25 season reached 99.8%, slightly up from 99.5% the previous week and higher than 98.8% in the same period last year [1] Group 2 - The USDA's weekly crop progress report indicates that as of June 1, the good-to-excellent rating for U.S. soybeans is at 67%, below the market expectation of 68%, with a planting rate of 84% [2] - U.S. soybean export inspection volume for the week ending May 29 was 268,343 tons, an increase from the previous week's revised figure of 200,022 tons, with shipments to China totaling 64,998 tons [2] - Indonesia's palm oil inventory decreased by 213,000 tons to 2 million tons as of the end of March, a 38% decline year-on-year, while total palm oil production increased by 7% to 4.8 million tons [2]

Core Viewpoint - The Shanghai government is enhancing the digital infrastructure for reinsurance activities, providing various services to facilitate both domestic and cross-border transactions in the reinsurance sector [1] Group 1: Services Offered - The registration trading center currently provides services such as inquiry and quotation for reinsurance business, contract signing certification, accounting clearing, settlement convenience, performance management, credit registration, and information disclosure [1] - These services aim to create a digital "highway" for domestic and foreign institutions participating in China's reinsurance activities, improving transaction convenience and digitalization levels [1] Group 2: Future Plans - The Shanghai Financial Regulatory Bureau plans to implement the spirit of the "Implementation Opinions" by enhancing communication and collaboration with relevant departments [1] - The focus will be on factors such as resource aggregation, business innovation, regulatory support, and environmental optimization to promote the high-quality development of China's reinsurance industry and establish Shanghai as an influential international reinsurance center [1]