Group 1 - The core viewpoint of the news is that the China Securities Index for Shanghai State-owned Enterprises has shown a recent upward trend despite a year-to-date decline, indicating potential recovery in the market [1][2] - The China Securities Index for Shanghai State-owned Enterprises opened lower but closed higher, with a current value of 1328.79 points and a trading volume of 18.285 billion yuan [1] - Over the past month, the index has increased by 8.04%, while it has decreased by 2.28% over the last three months and 6.59% year-to-date [1] Group 2 - The index comprises companies that are state-controlled or significantly held in Shanghai, selected based on profitability, growth potential, and shareholder returns [1] - The top ten weighted companies in the index include China Pacific Insurance (8.21%), Shanghai Airport (6.23%), and Guotai Junan Securities (5.47%) [1] - The index is fully represented by the Shanghai Stock Exchange, with the financial sector accounting for 28.96% of the holdings, followed by industrial (23.29%) and consumer discretionary (12.45%) sectors [2] Group 3 - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - Public funds tracking the Shanghai State-owned Enterprises Index include Huatai-PineBridge CSI Shanghai State-owned Enterprises ETF [2]

Core Insights - The inbound tourism market in Guangzhou is experiencing significant growth due to the implementation of the 240-hour visa-free transit policy and the integration of cultural and tourism exhibition development models [1][2] - In the first four months of this year, the Guangzhou Baiyun Airport Customs processed over 4,600 tax refund applications from outbound travelers, with a total refund amount of approximately 104 million yuan, representing year-on-year increases of 195% and 149% respectively [1] - The visa-free transit policy allows foreign travelers to stay in Guangzhou for ample time, which, combined with the airport's developed "air-rail intermodal" network, has attracted many transit travelers to engage in "deep travel" experiences [1] Industry Impact - Many foreign transit travelers are staying in Guangzhou for nearly a week and visiting nearby cities such as Shenzhen, Zhongshan, and Dongguan for shopping and leisure, which boosts local commerce and cultural consumption [2] - The positive experiences of travelers, such as ease of tax refunds and enjoyable shopping, indicate a growing trend in consumer behavior that favors travel to China [1][2]

转自：深圳晚报 昨晚雨下了一晚 今天降雨仍频密不歇 目前 深圳雨势虽已减弱 但外围及终端区天气 对航班影响仍在持续 连续两天雷雨天气影响航班运行 深圳机场全力做好航延保障 昨天受雷雨和暴雨天气影响 深圳机场启动 大面积航班延误应急处置预案 经凌晨通宵保障，至今天早间 昨晚延误积压的航班基本执行完毕 但今早出港航班高峰期 雷雨天气再次影响深圳机场运行 出港航班放行间隔加大 部分早间出港航班延误积压 叠加深圳和终端区雷雨天气影响 导致整体运行保障压力持续加大 根据运行态势和天气影响 深圳机场于今天13:30 升级大面积航班延误应急处置预案 为黄色响应 下午，随着天气影响趋于减弱 深圳机场航班放行有所恢复 针对连续雷雨天气影响 深圳机场联合空管、航司 结合天气提前会商研判 至17:30，深圳机场解除航延预警响应 做好航班计划调整 各航司昨天提前取消了 今日深圳进出港航班近20班 同时，针对大面积航班延误保障 深圳机场联合航司加派力量 做好各环节衔接 在天气具备放行条件后 减少等待时间、提高放行效率 针对延误时间较长的航班 按照"一航班、一专班" 会同航司成立现场保障专班 加强保障力量和资源调配 做好餐食、住宿等航延 ...

Core Insights - Xiamen Gaoqi International Airport has launched an integrated "Aviation + Sports Events" service during the Sudirman Cup, enhancing convenience for athletes, referees, and spectators [1][3] - The service includes check-in at hotels, baggage direct transfer, and flight inquiries, allowing for a seamless travel experience post-event [1][3] Service Implementation - The check-in service is available at designated hotel areas, allowing athletes to check in easily and have their luggage prioritized for loading [3] - Travelers can check in up to 48 hours in advance, covering 27 airlines including Air China and China Eastern Airlines [3][4] Customer Experience - Over a thousand groups of travelers, including athletes and fans, have utilized this service, ensuring a "zero-error" experience [4] - Travelers have expressed satisfaction with the service, highlighting the convenience of checking in luggage at the hotel and having more time for leisure activities [4] Cultural Integration - The airport has incorporated local cultural elements into the service, such as providing Minnan-style refreshments in the check-in waiting area, enhancing the overall customer experience [4] Future Plans - Xiamen Airport aims to expand its "pre-service" ecosystem, planning to include various events and customized services to improve traveler experiences [4]

在提升旅客出行体验方面，海南机场持续擦亮旅客服务"金字招牌"，大力推广海口美兰"五星"机场 服务标准，积极主动协调机场周边交通秩序。同时，以旅客需求为导向，主动发布航班、气象、余票等 资讯，及时回应旅客关切。 同比增长9.2% 海南日报海口5月6日讯(海南日报全媒体记者 邵长春 通讯员 许薇)海南日报全媒体记者5月6日从 海南控股旗下海南机场集团获悉，今年"五一"期间(5月1日至5日)，该公司旗下11家机场交出亮眼成绩 单，其中海南岛内海口美兰、三亚凤凰、琼海博鳌三大机场累计完成航班起降4615架次、旅客吞吐量 71.4万人次，同比分别增长4.8%、9.2%，为海南文旅市场发展注入强劲动能。 其中，海口美兰机场累计旅客吞吐量39.1万人次，同比增长2.5%;三亚凤凰机场累计旅客吞吐量31.6 万人次，同比增长超19%。 出入境客流量在"五一"假期也迎来显著增长。海口美兰、三亚凤凰机场累计完成境外航班起降221 架次、旅客吞吐量3.4万人次，同比分别增长3.8%、47%。其中，三亚凤凰机场累计完成境外航班起降 80架次，旅客吞吐量1.4万人次，同比分别增长74%、102%，出入境游客热情持续升温。 岛内三大机场 ...

Core Viewpoint - Zhangjiajie Lotus International Airport has introduced five innovative service measures to enhance passenger travel experience during the peak travel period of the May Day holiday, ensuring a worry-free journey from check-in to boarding [1][9]. Group 1: Efficient Check-in Services - The airport has established a "No Checked Baggage Counter" at the B check-in island, allowing travelers without checked luggage to complete check-in quickly, promoting an "arrive and go" efficient travel experience [1]. - The "Le Xiang Yong" service platform enables travel agencies and tour guides to pre-book team check-in services, allowing them to skip queues and receive boarding passes in advance. Since the start of the flight season, 237 teams and 4,019 passengers have benefited from this service [3]. Group 2: Streamlined Security Checks - To improve efficiency during peak times, the airport has increased early morning staff and opened additional security check channels 30 minutes earlier. A pre-check area for luggage has also been established to assist passengers in ensuring compliance with carry-on regulations [5][6]. - Special assistance is provided for travelers with large luggage, mobility issues, and vulnerable groups such as the elderly, children, and pregnant women, with dedicated personnel to help with luggage retrieval and priority boarding [5]. Group 3: Volunteer Services - A volunteer service team composed of party members and youth league members is actively providing assistance in key areas such as check-in halls, security checkpoints, and boarding areas, offering help with travel procedures, route guidance, inquiries, and maintaining order [8]. - During peak times, the team enhances crowd management to reduce waiting times, embodying the concept of "service with warmth" [8].

扬子晚报网5月6日讯(通讯员蔡昊然房天翔记者笪越)"五一"小长假期间(5月1日-5日)，东部机场集团航班运输保障实现安全、有序、平稳运行。据统计， 集团客运航班架次和旅客吞吐量均创同期历史新高，增速超行业平均水平，七家机场共完成客运航班起降5627架次，同比增长10.9%，旅客吞吐量76.7万 人次，同比增长14.3%，5月1日的旅客吞吐量达到高峰，运输旅客16.6万人次。 为有效应对假期客流高峰，集团在安全运输、服务保障、运力调配、应急响应、市场营销等方面持续发力，为小长假旅客出行注入活力。"五一"假期人流 密集，恰逢春夏之交，天气多变，各机场提前研判天气特征和客流走向，制定专项保障方案，动态调整航班计划，加强风险隐患管控，确保高位运行态势 下保障能力与生产体量相匹配。同时，通过强化运行协同机制、完善应急处置预案等举措，全面提升运行保障质效。 南京机场完成客班起降3265架次，同比增长4.8%，旅客吞吐量47.4万人次，同比增长8.3%，平均出港客座率高达85.6%，同比上升4.4个百分点，其中5月1 日和5日旅客量均超10万人次；出入境旅客继续保持高速增长态势，保障旅客4.1万人次，同比增长12.6%。其 ...

空港国门口岸"大进大出、快进快出"趋势明显，彰显粤港澳大湾区国际交往活力与经济韧性。据 悉，"五一"假期期间，白云边检站查验入出境外国人超10万人次，同比增长39%，占比居全国空港口岸 首位。 其中，来自东南亚、日韩方向的旅客增长明显，同比增长46%和50%，来自"一带一路"共建国家旅客占 比达81%，同比增长26%。另外，约有1.7万人次和1200人次符合条件的外国旅客，通过申请免签入境、 过境免签方式来穗，同比分别增长132%和27%。对此，白云边检站组建多语种服务队，为来华外国旅 客提供外语咨询服务，便捷出入境旅客高效、快捷通关。 出入境客流持续走高的背后，是白云机场定期国际航线的进一步新增和恢复。据悉，今年以来，白云机 场口岸新增和恢复哈萨克斯坦、印尼等方向的国际客运航线6条、法国、美国方向的国际客运航线2 条，"五一"假期期间，白云边检站查验的国际航班总量达1560架次。 今年"五一"假期叠加第137期广交会第三期，广州白云机场口岸客流再创新高。5月6日，南都记者从白 云出入境边防检查站了解到，假期期间，口岸出入境人员约24.7万人次、日均出入境人员约4.9万人次， 同比增长23.9%，创下2020 ...

Report Title - "The Divergence of Long - Short Term Spreads - Credit Spread Weekly Report (5/4)" [1][6] Report Industry Investment Rating - Not provided in the given content Core Viewpoints - From April 27th to April 30th, most bond yields declined. For 0.5 - 1Y industrial bonds, commercial bank second - tier capital bonds, securities company subordinated bonds, and securities company perpetual bonds, most yields dropped by over 2bp; for 0.5 - 1Y urban investment bonds and commercial financial bonds, most yields decreased by over 1bp; for 2Y industrial bonds and commercial financial bonds, most yields declined by over 1bp; the 2Y securities company subordinated bond yield rose by over 2bp; and the 3 - 5Y commercial financial bond yield dropped by over 2bp. Regarding credit spreads, the 0.5Y industrial bonds and commercial bank second - tier capital bond credit spreads mostly narrowed by over 5bp; the 1Y commercial bank second - tier capital bond credit spread narrowed by over 3bp; the 2Y securities company subordinated bonds and securities company perpetual bond credit spreads widened by over 3bp; and the 5Y urban investment bonds and industrial bond credit spreads mostly widened by over 2bp [2][6] Summary by Relevant Catalogs Yield and Spread Overview Yield and Spread of Each Maturity - Treasury bond yields at 0.5Y, 1Y, 2Y, 3Y, and 5Y were 1.47%, 1.46%, 1.45%, 1.48%, and 1.52% respectively, with weekly changes of - 3.5bp, 0.9bp, - 2.2bp, - 2.5bp, and - 2.2bp. Their historical quantiles were 11.9%, 13.2%, 8.7%, 6.2%, and 3.9% respectively. Similar data for other bond types such as national development bonds, local government bonds, etc., are also presented in detail [14] Credit Spread and Its Changes for Each Maturity - The 0.5Y, 1Y, 2Y, 3Y, and 5Y credit spreads of local government bonds were -, 12.01bp, 13.93bp, 14.34bp, and 14.37bp respectively, with weekly changes of -, 0.1bp, 0.2bp, - 1.5bp, and - 2.8bp. Their historical quantiles were -, 44.9%, 43.7%, 45.1%, and 38.6% respectively. Similar data for other bond types are also provided [16] Credit Bond Yields and Spreads by Category (Hermite Algorithm) Urban Investment Bonds by Region - In terms of yields, from April 27th to April 30th, most provincial urban investment bond yields declined. For example, the 5Y Guizhou urban investment bond yield dropped by about 35bp. In terms of credit spreads, the 0.5 - 1Y urban investment bond credit spreads mostly narrowed; the 2Y urban investment bond credit spreads mostly widened; the 3 - 5Y urban investment bond credit spreads showed differentiation, with the 3 - 5Y Guizhou urban investment bond credit spreads narrowing significantly [7] Industrial Bonds by Industry - From April 27th to April 30th, industrial bond yields generally declined. The 0.5 - 1Y industrial bond credit spreads generally narrowed, the 2 - 3Y industrial bond credit spreads showed differentiation, and the 5Y industrial bond credit spreads generally widened [7] Financial Bonds by Subject - From April 27th to April 30th, financial bond yields generally declined, with the 5Y city commercial bank second - tier capital bond yield dropping by about 55bp. The 0.5 - 1Y financial bond credit spreads generally narrowed, and the 2 - 5Y financial bond credit spreads showed differentiation [7] Credit Bond Yields and Spreads by Category (Balance Average Algorithm) Urban Investment Bonds by Region - Based on the balance average algorithm, from April 27th to April 30th, the 5Y Yunnan urban investment bond could target a return of over 3.2%, and the 5Y Qinghai urban investment bond could target a return of 3.0% or more. The 5Y Yunnan urban investment bond credit spread was significantly higher than that of medium - and short - term bonds, with high riding returns [8] Real Estate Private Enterprise Bonds - From April 27th to April 30th, the yields of real estate private enterprise bonds at all maturities were higher than those of other bond types, and the 0.5 - 1Y real estate private enterprise bond yields dropped by over 17bp [8] Financial Bonds - From April 27th to April 30th, the financial bond credit spreads generally narrowed, and the 3 - 5Y private securities company subordinated bonds could target a return of 4.7% or more [8]

记者5月6日从白云边检站了解到，"五一"假期，由于和第137届广交会第三期会期时间叠加，广州白云 机场（600004）口岸客流再创新高，口岸假期日均出入境人员约5万人次，同比增长约24%，为近五年 来新高。旅游潮、商贸潮……国际友人流动火热，彰显大湾区国际往来的活力。(央视新闻) ...