Group 1: Trade Cooperation - In the first five months of this year, the total trade value between China and ASEAN reached 3.02 trillion yuan, an increase of 9.1%, accounting for 16.8% of China's total foreign trade [1] - Exports to ASEAN amounted to 1.9 trillion yuan, growing by 13.5%, while imports from ASEAN were 1.12 trillion yuan, increasing by 2.3% [1] - The establishment of the "ASEAN Visa" aims to facilitate business travel for eligible personnel from ASEAN countries, enhancing bilateral cooperation [1] Group 2: Tourism Development - Guangxi is positioning itself as a bridge for border tourism and has initiated various cultural and tourism exchanges with Vietnam, leveraging the 75th anniversary of China-Vietnam diplomatic relations [3] - The cross-border tourism cooperation zone at Detian Waterfall has seen significant activity, with 2,338 travel groups and 35,485 individuals crossing borders as of mid-May [3] - Customized tourism routes targeting Vietnamese tourists have been developed, indicating a strategic focus on enhancing tourism offerings [4] Group 3: Agricultural Trade - The fruit trade between China and ASEAN is highlighted as a key area of growth, with increasing market share for ASEAN fruits in China and vice versa [7] - The event "Buy in China·Guangxi Station" aims to promote the use of artificial intelligence in various stages of fruit production and sales, enhancing trade efficiency [7] Group 4: Free Trade Agreement Enhancements - The upgraded version of the China-ASEAN Free Trade Area (FTA 3.0) will cover nine areas, including digital economy and green economy, aiming to improve trade efficiency by approximately 15% [8] - Predictions indicate that cross-border e-commerce transactions between China and ASEAN could exceed 1.2 trillion USD by 2026, with a growth rate of over 25% in digital payment services [8]

Group 1: Monetary Policy and Market Operations - The central bank conducted a 7-day reverse repurchase operation on May 21, with a fixed rate of 1.40%, totaling 157 billion yuan, resulting in a net injection of 65 billion yuan for the day after accounting for maturing reverse repos [2][3] - The interbank market remains liquid as the central bank continues to inject liquidity ahead of tax deadlines, leading to a slight decrease in overnight and 7-day pledged repo rates by approximately 1 basis point [4] Group 2: Interest Rates and Bonds - The latest one-year interbank certificates of deposit are trading around 1.69%, showing a slight increase from the previous day [8] - The yields on major interbank government bonds have shown varied movements, with the 1-year yield at 1.4450%, 2-year at 1.4725%, and 10-year at 1.6760%, reflecting changes in market sentiment [10] - The closing prices for government bond futures indicate a slight decline in the 30-year contract by 0.08%, while the 5-year and 2-year contracts saw minor increases [13] Group 3: Economic and Trade Developments - The National Development and Reform Commission, along with other ministries, held a face-to-face event discussing the "Private Economy Promotion Law" with representatives from 29 private enterprises, focusing on financing support and technology collaboration [14] - China and ASEAN countries have completed negotiations on the 3.0 version of the China-ASEAN Free Trade Area, which includes new chapters on digital economy, green economy, and supply chain connectivity [14] Group 4: Global Economic Insights - The Trump administration is considering an executive order to explore the feasibility of allowing private capital groups to participate in 401k plans, although no decisions have been made yet [16] - Recent negative events in the bond market include downgrades in ratings for several companies, indicating potential risks in the bond sector [17]