Group 1 - Xi Jinping met with New Zealand Prime Minister Chris Hipkins, indicating a focus on strengthening bilateral relations [2] - Li Qiang held talks with New Zealand Prime Minister Chris Hipkins, emphasizing cooperation [3] - Li Qiang stressed the importance of innovation-driven development during a research visit in Jiangsu, aiming to expand effective demand and promote sustained economic growth [4] Group 2 - The provincial committee held a meeting to convey Xi Jinping's important speeches and directives, discussing implementation strategies [5] - The Vice Governor of Sichuan emphasized the integration of education and technology to support national strategies and promote high-quality development [5] - The National Engineering Supervision Industry Development Conference was held in Beijing, focusing on engineering supervision reform and the integration of digital technology [5] Group 3 - Qinghai issued implementation opinions to accelerate the construction of star-rated green buildings, outlining specific requirements for planning, construction, and operation [6] - Xi'an released measures to promote a stable and healthy real estate market, focusing on land planning, financial support, and market activity [6] - A safety training session for construction enterprise leaders was organized in Chengdu, attended by over 170 participants [6] Group 4 - Panzhihua City held a safety production meeting to analyze the current safety situation in the construction industry and set goals for 2025 [7] - Mianyang issued a plan for the green building materials industry chain from 2025 to 2030, aiming to enhance the quality and collaboration of the building materials sector [7] - Neijiang established a supply list of major building material enterprises and a demand list for ongoing and planned projects in the construction sector [7] Group 5 - Yibin held a training session for rural construction guides, focusing on quality and safety in self-built houses [8] - Meishan introduced an intelligent electricity strategy in urban lighting, aiming to reduce energy consumption by over 30% [8]

Core Insights - The "Tax-Bank Interaction" project in Jiangsu Province has issued over 1.6 trillion yuan in loans since its launch in 2015, benefiting more than 2.1 million enterprises and significantly contributing to the province's high-quality economic development [1][2] - The project has established deep cooperation with 58 banks, launching 82 credit products that convert tax credit into financing benefits through data sharing and service innovation [1] - The efficiency of loan applications has improved by 50% due to the online submission of tax credit information, as demonstrated by Jiangsu Yisite Refrigeration Co., which secured a 30 million yuan loan [1] Group 1 - Jiangsu Province's tax authorities have implemented the "Tax-Bank Interaction" project, which has provided substantial financial support to enterprises [1] - The project has facilitated the transformation of tax credit into tangible financing advantages, enhancing the overall efficiency of loan processes [1] - Companies like Danyang Tongya New Materials Co. have utilized loans to upgrade production lines, resulting in a 15% increase in production efficiency and a 4% improvement in product quality [1] Group 2 - The initiative also supports enterprises with credit repair, allowing them to regain financing capabilities, as seen with Nantong Wujian Holding Group, which received a 30 million yuan loan after restoring its tax credit [2] - The Jiangsu Provincial Taxation Bureau aims to deepen the application of the "Tax-Bank Interaction" project, enhancing the value of tax credit and enabling more enterprises to benefit from credit-based financing [2]

Group 1 - Shandong Province plans to provide free accompanying care services in all public tertiary hospitals by the end of 2025, aiming to improve patient experience [1] - The initiative encourages public secondary hospitals to explore and implement similar services, with a target for all secondary and above public medical institutions to offer such services by the end of 2027 [1] - The overall goal is to significantly enhance patient satisfaction and experience in the healthcare system [1] Group 2 - The Hainan Health Commission has established an investigation into the case of a tourist allegedly bitten by a snake, following media reports of the incident [2] - The investigation includes the preservation of medical records from the two hospitals involved in the treatment of the tourist [2] Group 3 - Anhui Normal University has suspended a male teacher who was previously disciplined for misconduct, following public outcry regarding his new position at the security office [3] - The university has formed an investigation team to address the situation and will take appropriate actions based on the findings [3] Group 4 - Hong Kong police have arrested a suspect in a robbery case involving Hang Seng Bank, who fled to Shenzhen after the incident [4] - The suspect was apprehended with the assistance of mainland law enforcement and has been returned to Hong Kong for further legal proceedings [4] Group 5 - A hotel in Hangzhou has apologized after a guest discovered a pillowcase with a hospital logo, attributing the issue to a serious error by their laundry supplier [5] - The hotel has terminated its contract with the supplier and conducted a thorough inspection of all room linens to prevent future occurrences [5] Group 6 - Police in Hunan have detained five individuals from a construction company suspected of exploiting mentally disabled individuals for labor [6] - The authorities responded quickly to a report and rescued five suspected disabled workers from the company [6] Group 7 - The demand for Vietnamese tourists in Yunnan has increased, prompting the Kunming Railway Bureau to introduce direct trains from Hekou North to Dali [7] - The new train service aims to facilitate travel for tourists without the need for transfers, enhancing accessibility to popular destinations [7]

1. Report Industry Investment Rating - Short - term maintain A - share four major stock index futures (IH/IF/IC/IM) as short - term cautious long; commodities as cautious wait - and - see; treasury bonds as cautious wait - and - see; ranking: stock index > treasury bonds > commodities [2] - Commodity strategy ranking: precious metals > non - ferrous metals > energy > black metals [2] 2. Core Viewpoints - Domestically, in Q1 2025, the economy grew strongly and exceeded market expectations. The US's signal of trade relaxation and the Politburo meeting's indication of new incremental policies supported the domestic market sentiment. Internationally, the US economy slowed due to the decline in service - sector prosperity, but the US released positive signals on tariffs, which affected the dollar and global risk appetite. Overall, the domestic market rebounded in the short term, with the stock index maintained for cautious long, the bond market in high - level short - term oscillation, and the commodity market showing different trends [2] 3. Summary by Directory 3.1 Last Week's Important News and Events - The IMF significantly lowered the global economic growth forecast in its April report, with the US economic growth forecast cut by 0.9 percentage points in 2025 [3] - The US President called for the Fed to cut interest rates, mentioned cryptocurrency regulation, and said the US - China trade tension would ease and might "significantly reduce" tariffs on China [3][4] - The Fed's Beige Book showed that international trade policy uncertainty led to a slowdown in the US economic outlook [4] - US economic data such as PMI, initial jobless claims, durable goods orders, consumer confidence index, and inflation expectations were released, showing a mixed economic situation [4][5] - The European Central Bank's president mentioned the negative impact of tariffs on economic growth, and the ECB's survey adjusted the euro - zone economic growth and inflation forecasts [5][9] - China's 4 - month LPR remained unchanged, and the central bank increased liquidity support through MLF operations. The Politburo meeting proposed a series of economic stimulus policies [7][8][9] 3.2 This Week's Important Events and Economic Data Reminders - From April 28 to May 2, various industrial data, economic sentiment indices, consumer confidence indices, and housing price indices in different regions will be released [10] 3.3 Global Asset Price Movements - Stock markets: Different stock indices showed different daily, weekly, monthly, and year - to - date changes, with some rising and some falling [11] - Bond markets: Yields of 10 - year bonds in different countries changed, with some rising and some falling [11] - Commodity markets: Prices of various commodities such as steel, iron ore, copper, aluminum, oil, and precious metals had different price changes [11] - Exchange rates: The dollar index, exchange rates between major currencies also had corresponding fluctuations [11] 3.4 Domestic High - Frequency Macroeconomic Data - Upstream: Data on commodity price indices, energy prices, coal consumption and inventory, and iron ore prices and inventory were presented through various charts [13][16][23] - Midstream: Information on steel prices, production, and inventory, non - ferrous metal prices and inventory, building material prices and capacity utilization, and chemical product prices and inventory were shown [41][51][57] - Downstream: Data on real estate transaction area, automobile sales and tire production, and agricultural product prices were provided [70][72][79] 3.5 Domestic and Foreign Liquidity - Global liquidity: The US Treasury yield curve and its weekly changes were presented [81] - Domestic liquidity: Central bank's open - market operations, reverse - repurchase maturities, and domestic interest rates such as inter - bank lending rates and bond yields were shown [83][90][94] 3.6 Global Financial Calendar - From April 27 to May 2, important economic indicators such as industrial enterprise profits, economic sentiment indices, consumer confidence indices, housing price indices, GDP, inflation rates, employment data, and central bank policy announcements in different countries and regions will be released [102]