Group 1: Investment Strategy Overview - The report emphasizes that the stock market is at a technical support level, but volatility has reached a new low since 2024, indicating that a trend change may be imminent [5][21]. - The A-share market's trading volume reached 1.12 trillion, an increase of 54.9 billion compared to the previous trading day, with market focus on stablecoins, port shipping, and solid-state batteries [21]. - The report suggests that the probability of an upward trend in the index is low, and managing positions is the best strategy [21]. Group 2: Bond Market Insights - The bond market is expected to benefit from inflows of risk-averse capital, as the overall market remains volatile with a lack of positive news [18][8]. - The report notes that the bond market may regain upward momentum due to increased demand for safe-haven assets [8]. Group 3: Foreign Exchange Market Analysis - The onshore RMB against the USD was reported at 7.1876, an increase of 91 basis points from the previous close, indicating a potential strengthening of the RMB [33]. - Despite short-term fluctuations, the long-term trend for the USD remains bearish [33]. Group 4: Commodity Market Trends - The Wenhua Commodity Index fell by 0.13%, with strong performance in the energy sector but poor performance in agricultural and chemical products [38]. - The report advises caution for investors who have not participated at lower levels, suggesting a wait-and-see approach due to high volatility in oil and related products [38].

Group 1 - The draft of the Atomic Energy Law has been submitted for a second review, focusing on improving the management system for spent fuel [1] - The draft emphasizes the establishment of a comprehensive management system for the storage, transportation, and disposal of spent fuel, ensuring its safe, efficient, and environmentally friendly handling [1] - The draft encourages and supports scientific research and technological development in controlled nuclear fusion, establishing a supervisory management system tailored to fusion characteristics [1] Group 2 - The application of nuclear technology in various fields such as industry, agriculture, biology, medicine, and ecological environment protection is highlighted, with the state supporting the use of radioactive isotopes and radiation devices [1] - The draft includes provisions for classified management of radioactive isotopes and radiation devices, with specific classification methods to be determined by relevant government departments [1] - The atomic energy industry is recognized as a high-tech strategic industry and a cornerstone of national security, with requirements for confidentiality management in related research and development activities [1] Group 3 - The draft enhances emergency management for nuclear accidents by requiring the formulation of national emergency response plans and conducting emergency drills by relevant departments and nuclear facility operators [1] - The initial review of the Atomic Energy Law draft took place in April 2024, emphasizing the need for a comprehensive legal framework in the nuclear sector to modernize governance capabilities [2]

Core Viewpoint - The draft of the Atomic Energy Law is under review by the 14th National People's Congress Standing Committee, focusing on enhancing nuclear accident emergency management systems [1] Group 1: Emergency Management Regulations - The second draft of the law includes provisions for the national coordination of nuclear accident emergency plans [1] - Relevant departments and nuclear facility operators are required to formulate their own emergency plans and conduct emergency drills [1] Group 2: National Security and Confidentiality - The atomic energy industry is recognized as a high-tech strategic industry and a crucial foundation for national security [1] - The draft mandates that entities involved in atomic energy research, development, and utilization that involve state secrets must establish confidentiality management systems and improve protective measures [1] - It emphasizes the need for confidentiality education and enhanced supervision and inspection of confidentiality practices [1]