Group 1 - The "100-Day Sprint" employment initiative for 2025 college graduates was launched at Shanghai Second Industrial University, aiming to support job-seeking graduates through a series of employment guarantee activities [1] - The event included a specialized job fair and was attended by key officials, including Shanghai's Vice Mayor, highlighting the government's commitment to stabilizing and ensuring employment [1][3] - The initiative features the "One-Stop Service" policy for graduates, which aims to streamline the job application process [1] Group 2 - Shanghai Lianjia, in collaboration with Beike, provided on-site rental consultation services during the job fair, addressing graduates' housing needs alongside employment opportunities [3][5] - The job fair is part of a larger effort to connect companies with graduates during a critical job-seeking period, emphasizing the importance of housing stability for new graduates starting their careers [5] - Lianjia has previously conducted nine rental service events across 60 universities, distributing 600 copies of a rental guide to assist graduates [7] Group 3 - The "New Youth 'Heart' Plan" was launched to alleviate rental challenges for graduates, offering services such as zero deposit, monthly payments, and hassle-free lease transfers [7] - Lianjia's "Five Assurances" service promises a worry-free rental experience, including no-reason contract termination within three days and guaranteed refunds of deposits [9] - As of May 2025, Lianjia has allocated 1.55 billion yuan in assurance funds to protect transaction safety for over 125,000 deals [9] Group 4 - The rental environment is crucial for young professionals, providing a supportive space as they pursue their careers in the city [10] - The company aims to enhance rental services tailored to graduates' needs, contributing to the development of a standardized and professional long-term rental market [10]

Monetary Policy and Market Operations - The central bank conducted a 7-day reverse repurchase operation of 291.1 billion yuan at a fixed rate of 1.40%, with a net injection of 148.6 billion yuan after accounting for maturing reverse repos [1] - The interbank market showed slight fluctuations in repo rates, with overnight rates around 1.4% and a rise in rates for overnight borrowing against credit bonds to 1.6% [3] - The central bank's liquidity support remains strong, with no liquidity gap expected in June, although fluctuations may occur due to fiscal spending at month-end [3] Interest Rate Adjustments - The latest LPR was set at 3% for 1-year loans and 3.5% for loans over 5 years, marking a decrease of 10 basis points, the first reduction since October of the previous year [5] - Major state-owned banks have begun to lower deposit rates, with reductions ranging from 5 to 25 basis points, and some large-denomination deposit rates dropping by up to 35 basis points [5][6] - The recent interest rate cuts are seen as a continuation of the easing policy, with expectations that the next rate cut window may not occur until at least the third quarter [6] Economic Outlook and Policy Measures - The central bank emphasized the need for a moderately loose monetary policy to support effective financing for the real economy and maintain reasonable growth in financial aggregates [7] - The government is focusing on stabilizing employment, enterprises, and market expectations while promoting consumption and supporting key sectors such as technology innovation and foreign trade [7] - A recent monetary policy execution report highlighted the importance of boosting consumption to expand domestic demand and stabilize growth, while also addressing the balance of supply and demand in the economy [7]

Core Viewpoint - The article discusses the current market trends and economic indicators, highlighting the cautious stance of financial institutions and the impact of international trade policies on various commodities and sectors [1][4][5]. Domestic News - The Chinese government encourages U.S. financial institutions to deepen cooperation in the capital market [1]. - State-owned enterprises reported total revenue of 262,755 billion yuan from January to April, with a profit of 13,491.4 billion yuan, a year-on-year decrease of 1.7% [5]. International News - The European Commission aims to reduce carbon emissions by 54% by 2030, slightly below its 55% target, and plans to propose a 90% reduction by 2040 despite opposition from member states [4]. Commodity Insights Oil - SC night trading rose by 0.84%, with OPEC and its allies planning to hold meetings to discuss production levels, including a potential increase of 41.1 million barrels per day [2][10]. Coal and Coke - Short-term expectations for thermal coal prices are stable, but a downward trend is anticipated afterward. Coke supply is slightly reduced, but high inventory levels hinder market sentiment [3][24]. Agricultural Products - Oilseed prices are weak due to increased domestic soybean supply and expectations of rising inventories. Palm oil production is also increasing, leading to higher stock levels [3][25]. Metals - Copper prices are expected to fluctuate due to stable domestic demand and external factors such as U.S. trade negotiations. Zinc prices are also expected to be volatile, supported by improving domestic automotive and construction sectors [15][17]. Shipping Index - The European shipping index has weakened, with expectations of further declines in freight rates due to increased capacity and lower demand [29].