Group 1 - The National Enterprise Win ETF (159719) has seen a slight increase of 0.07%, with a latest price of 1.52 yuan as of June 3, 2025, and a cumulative increase of 0.66% over the past week as of May 30, 2025 [1] - The liquidity of the National Enterprise Win ETF shows a turnover of 2.19% with a transaction volume of 2.4277 million yuan, and an average daily transaction volume of 17.576 million yuan over the past year [1] - The CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index (931000) has increased by 0.24%, with notable increases in constituent stocks such as Steady Medical (10.23%) and Zhongke Feimeng (6.42%) as of June 3, 2025 [3] Group 2 - A recent notice emphasizes the need to optimize the salary distribution for skilled positions in state-owned enterprises, linking salary to job value and skill level, and establishing a special allowance for skilled talents [4] - The notice also proposes a mechanism for salary growth for skilled talents, encouraging companies to adopt diversified incentive methods and establish a talent evaluation system based on innovation and contribution [4] - The central enterprises are accelerating their development in strategic emerging industries, with state-owned capital investment companies focusing on key areas and increasing their investment in new industries [5] Group 3 - The National Enterprise Win ETF closely tracks the FTSE China National Enterprise Open Win Index, which consists of 100 constituent stocks, including major "China National" stocks like China Petroleum and China Mobile [5] - The Greater Bay Area ETF tracks the CSI Guangdong-Hong Kong-Macao Greater Bay Area Development Theme Index, with the top ten weighted stocks accounting for 53.21% of the index, including companies like BYD and Ping An Insurance [5]

Core Viewpoint - The Ministry of Human Resources and Social Security, the Ministry of Finance, and the State-owned Assets Supervision and Administration Commission have jointly issued a notice to enhance the salary distribution incentives for skilled talents in state-owned enterprises, outlining seven policy measures to establish a skill-oriented salary distribution system [1] Group 1 - The notice aims to guide state-owned enterprises in developing a sound salary distribution system that emphasizes skills [1] - The policy measures are designed to promote a positive interaction mechanism between improving compensation and enhancing skills [1]

Core Viewpoint - The joint notice issued by the Ministry of Human Resources and Social Security, the Ministry of Finance, and the State-owned Assets Supervision and Administration Commission emphasizes the need to enhance the compensation distribution incentives for skilled talent in state-owned enterprises, focusing on a performance-based pay structure and establishing a comprehensive incentive system for skill development [1] Group 1: Compensation Structure - The notice advocates for optimizing the salary distribution for skilled positions, linking pay to both job value and skill level, and ensuring that starting salaries for skilled positions are reasonably determined [1] - It suggests that the salary standards for skilled positions should not be lower than those for corresponding managerial positions [1] - A special allowance for skilled talent is to be established, with an energy allowance system linked to skill levels, reflecting that those with higher skills earn more [1] Group 2: Salary Growth Mechanism - The notice calls for improvements in the salary growth mechanism for skilled talent, urging group companies to allocate a greater share of total salary distribution towards skilled workers [1] - It proposes the establishment of an innovation and creativity reward system, encouraging rewards for small inventions and innovations by skilled workers [1] - Special rewards will be given to skilled talent who make significant contributions in solving major technical challenges or quality issues [1] Group 3: Incentive and Evaluation System - The notice encourages enterprises to innovate diverse incentive methods and improve the evaluation system for skilled talent based on innovation capability, quality, effectiveness, and contribution [1] - It promotes various forms of labor skill competitions to enhance skill development [1] - The notice also suggests establishing a mechanism for the mutual transfer of skilled positions with corresponding levels of professional and managerial roles [1]