Core Viewpoint - The report from招商策略 indicates that after the short-term profit-taking pressure is released, the A-share market is expected to return to a trend of oscillating upward [1] Group 1: Market Conditions - The first batch of floating rate funds has officially been submitted for approval, marking the practical implementation of fee reform [1] - In April, the growth rate of social financing accelerated to a high level, supported by a series of counter-cyclical financial adjustment policies, which is expected to restore real financing demand [1] - The issuance of ultra-long special government bonds and special government bonds for central financial institutions has commenced, providing continued support for the total amount of social financing [1] Group 2: Central Bank Actions - In April, the central bank's "claims on other financial companies" increased significantly, likely related to providing liquidity support to the Central Huijin Investment [1] - The Central Huijin is expected to continue playing a stabilizing role, making market downside risks manageable [1] Group 3: Market Sentiment - The joint statement from the China-US Geneva economic and trade talks is expected to positively influence short-term market risk appetite [1] - Concerns over fluctuating tariffs and subsequent profit-taking may be the main reasons for the market's weakness in the latter half of the week [1]