Group 1 - The central bank has announced a series of financial policies, including a 0.5% reduction in reserve requirements, which is expected to release approximately 1 trillion yuan in liquidity. This marks the 26th consecutive reduction since 2011, indicating limited impact on the stock market [1] - The policy interest rate has been lowered by 0.1%, adjusting the reverse repurchase rate from 1.5% to 1.4%, which is expected to lead to a 0.1% decrease in the Loan Prime Rate (LPR) next month. Bloomberg had previously predicted a total interest rate cut of 0.3% and a reserve requirement cut of 1% for the year [1] - The public housing loan interest rate has been reduced by 0.25%, creating room for future reductions in commercial loan rates, with expectations that mortgage rates in China may fall below 3% [1] - The central government plans to support the Central Huijin Investment Company to act as a stabilizing fund, potentially eliminating the need for a dedicated stabilization fund in the future [2] - Additional targeted policy loan quotas have been introduced to support sectors such as technology, consumption, elderly care, and agriculture, although these measures have limited relevance to the stock market [2] Group 2 - The A-share market experienced a trading volume of 1.46 trillion yuan, nearing the threshold of 1.5 trillion yuan, with a median market performance increase of 0.39%. The military industry sector saw significant gains, rising nearly 5% [3] - Ongoing conflicts between India and Pakistan have led to speculation about increased military orders for Chinese weapons, boosting the military sector's performance in the stock market [4] - The Chinese central bank has continued to increase its gold reserves, adding approximately 2.18 tons in April, marking the sixth consecutive month of increases [4] - Sales of the top 100 real estate companies in China have declined by 6.7% year-on-year in the first four months, despite reports of hot sales in certain markets [4]