Group 1 - Huawei officially launched its Harmony OS computers, with the first foldable model priced at 23,999 yuan and the MateBook Pro starting at 7,999 yuan, marking a significant expansion into the desktop ecosystem [1] - The Harmony OS 5 aims to deepen the integration between mobile and desktop environments, showcasing a foldable design with an 18-inch display that folds to 13 inches, weighing only 1.16 kg [1] Group 2 - The State Administration of Foreign Exchange reported a positive trend in foreign investment in RMB assets, with foreign investors increasing their holdings of domestic bonds by 10.9 billion USD in April [2] - In late April, foreign investment in domestic stocks turned into net purchases, indicating a growing confidence in the Chinese market [2][3] Group 3 - Xinhua Insurance has been approved to participate in the third batch of long-term investment reform pilot programs, planning to establish the Honghu Fund Phase III, which has received regulatory approval [4] - This marks the third consecutive phase of the Honghu Fund initiated by Xinhua Insurance, reflecting a commitment to long-term investment strategies [4] Group 4 - Despite triggering "serious abnormal fluctuations," Chengfei Integration has seen its stock price rise for nine consecutive trading days, with a cumulative increase of 135.8% since May 7 [6] - The company has a low revenue contribution from its core aviation parts business, indicating that its recent stock performance may be driven more by market speculation than fundamental business strength [6][7] Group 5 - At least six rare earth material companies have received export licenses from the Ministry of Commerce, amid ongoing export control measures on certain rare earth elements [7] - The supply of rare earths may face short-term reductions due to various factors, although industry experts predict that prices will not experience significant fluctuations this year [7] Group 6 - The U.S. stock market experienced a collective decline, with major indices falling due to Moody's downgrade of the U.S. credit rating, impacting technology stocks significantly [8] - Notable declines were observed in major tech stocks, with Tesla dropping over 3% and other companies like Nvidia and TSMC also experiencing losses [8] Group 7 - The UK is expected to agree to restart trade and defense cooperation with the EU, marking a significant shift in relations since Brexit [9] - This move aims to boost economic growth and enhance security in the European region [9] Group 8 - The U.S. Congress is reviewing President Trump's comprehensive tax reduction bill, which has passed a key committee, but still faces challenges ahead [10][11] - The House Rules Committee is set to review the bill, with a potential vote expected later in the week [11][12] Group 9 - Ctrip's report indicates a strong recovery in the tourism sector for the upcoming Dragon Boat Festival, with domestic and inbound travel showing significant growth [14] - The report highlights a 100% increase in hotel search interest for inbound travel, suggesting a robust rebound in the tourism industry [14]

Core Viewpoint - The tourism sector is experiencing a significant rebound during the May Day holiday, driven by policy support and strong demand, indicating a potential shift from a "revenge travel" phase to a more normalized high prosperity phase in the Chinese tourism market [6][22]. Group 1: Tourism Demand and Trends - This year's May Day holiday marks the first holiday after the announcement of an extended break, leading to a notable release of long-distance travel demand [1][2]. - Nationally, ticket bookings for popular scenic spots increased by 30% year-on-year during the May Day period [3]. - Major attractions like Shanghai Disneyland and Beijing Universal Studios saw daily visitor numbers exceed 100,000 [4]. - The national railway is expected to transport 144 million passengers from April 29 to May 6, a 4.9% increase year-on-year, setting a historical record [4][5]. Group 2: Policy Support and Economic Indicators - The tourism market is characterized by a "volume and price increase" trend due to supportive policies [9]. - Data from the Ministry of Transport indicates that cross-regional mobility reached 33.27 million people on May 1, a 6.2% increase year-on-year [10]. - Retail and catering sales saw a 15% year-on-year increase, while tourism revenue grew by 20% during the first two days of the holiday [11]. Group 3: Travel Preferences and Consumer Behavior - Long-distance travel, cross-border movement, and the rise of county-level tourism are key trends this year [16]. - Long-distance travel accounted for 46% of total bookings, with a significant increase in mid-to-high-end free travel and customized travel demand [16]. - Cross-border tourism orders surged by 173% year-on-year, driven by policies like temporary visa exemptions and tax refunds [18]. Group 4: Market Dynamics and Stock Performance - Historically, the tourism sector often experiences "data heat, stock cold" phenomena, where strong performance metrics do not translate into stock price increases [7][23]. - The tourism sector's performance before the holiday often leads to a market that has already priced in expectations, resulting in potential declines post-holiday [26][30]. - In the lead-up to this year's May Day, several tourism stocks saw significant gains, indicating pre-holiday positioning by investors [29]. Group 5: Industry Competition and Future Outlook - The tourism industry is facing increasing competition, with more companies entering the market, leading to potential profit declines for listed companies [45][47]. - Companies with scarce resources, strong operational capabilities, and technological barriers are expected to have greater potential for growth [48]. - The tourism sector is projected to continue benefiting from government policies aimed at boosting domestic demand and consumption [54][56].

Core Viewpoint - On May 2, Macau recorded over 837,000 entries and exits, setting a new single-day historical record for border crossings, indicating a strong recovery in tourism post-pandemic [1] Group 1: Visitor Statistics - The number of inbound travelers reached over 221,900, marking the highest single-day entry since 2020 [1] - The majority of visitors entered through the Gongbei Port, followed by the Hengqin Port and the Hong Kong-Zhuhai-Macau Bridge [1] - On the same day, the Hengqin Port recorded over 128,000 entries and exits, also a new single-day record [1] - The Gongbei Port saw over 439,000 entries and exits, the highest since 2020 [1]