Group 1 - The core viewpoint indicates that the A500 ETF fund (512050) experienced a weekly decline of 0.74%, but has seen a net inflow of 19.37 million yuan over the past five trading days, with a significant growth of 3.834 billion yuan in scale over the last six months, leading the comparable funds in new scale [1][2] - In the week before the holiday, 31 industries in the Shenwan first-level index showed mixed performance, with the pharmaceutical and environmental protection sectors leading the gains, while the automotive, electric equipment, and non-ferrous metals sectors declined [1] - The manufacturing Purchasing Managers' Index (PMI) for May was reported at 49.5%, an increase of 0.5 percentage points from the previous month, indicating an improvement in manufacturing sentiment [2] Group 2 - Large enterprises reported a PMI of 50.7%, up 1.5 percentage points from the previous month, indicating a positive outlook, while medium-sized enterprises saw a PMI of 47.5%, down 1.3 percentage points, and small enterprises reported a PMI of 49.3%, up 0.6 percentage points [2] - As of the end of the first quarter of 2025, the balance of various loans in financial institutions reached 265.41 trillion yuan, a year-on-year increase of 7.4%, with a quarterly increase of 9.78 trillion yuan [2] - The balance of real estate loans in renminbi was 53.54 trillion yuan at the end of the first quarter of 2025, showing a year-on-year growth of 0.04%, with a quarterly increase of 619.7 billion yuan [2]