Group 1 - The core viewpoint is that certain incremental policies will be introduced by the end of June, with the timing dependent on the Federal Reserve's interest rate decisions [1] - The current interest rate differential between China and the US is significant, and if the Federal Reserve does not lower rates, China may have to maintain its current stance to prevent capital outflow [1] - The expectation is that the Federal Reserve may lower rates in May, which would likely prompt the Chinese central bank to take action around mid-May [1] Group 2 - Short-term pressure exists on bank stocks due to disappointing earnings, but long-term investment interest remains focused on dividend yields [3] - A decline in bank stocks often leads to a shift in market dynamics, with growth stocks performing better when bank stocks fall [3] - The performance of bank stocks has been lackluster, with growth rates declining from around 5% to stagnation or even decreases [4] Group 3 - The first quarter reports from the six major banks have been collectively disclosed [5] - The market may be entering a phase characterized by a focus on individual stocks rather than overall index performance, with large-cap stocks like banks dragging down indices while small-cap stocks thrive [7] - After a month of volatility, market sentiment is improving, and if no significant negative news arises during the upcoming holiday, positive sentiment may continue [7]