Swiss National Bank: Medium-term inflationary pressures are virtually unchanged from the March monetary policy assessment.

The Ministry of Human Resources and Social Security, together with the Central Organization Department and the Ministry of Education, issued a notice launching the fifth round of the Three Supports and One Assistance program for 2026–2030, selecting 36,400 university graduates per year to serve at grassroots and in western regions. The scheme is framed to support rural revitalization, agricultural modernization, stronger grassroots governance and development in frontier ethnic areas. Support measures include targeted civil service recruitment and special hiring for public institutions, increased specialist posts for hardship and remote areas, encouragement of hiring by industry bodies, state-owned enterprises and community organizations, and support for further study. The notice also calls for stronger tracking, training and greater support across recruitment, selection, development and deployment; staff who remain long-term at the grassroots and make significant contributions may be allowed exceptional application for professional titles.

Internationally 1. UBS: Rising UK government bond yields are driven by global factors rather than domestic risks. 2. Capital Economics: The Bank of Korea may raise interest rates further in the coming months. 3. TD Securities: Trade and employment show resilience; the Bank of Canada is expected to keep interest rates unchanged. 4. Mitsubishi UFJ: If the Bank of Canada hints at maintaining stable interest rates in the future, the Canadian dollar may fall. 5. Morgan Stanley: Oil price factors will prompt the European Central Bank to keep interest rates unchanged next week. 6. Bank of Canada: Brent crude oil prices are expected to fall to around $70 by the end of 2027. Domestically 1. CITIC Securities: A significant increase in equity market capitalization is objectively needed for equity finance to play a greater role. 2. CITIC Securities: Focus on the green and low-carbon transformation of the energy structure, and the development of new energy and hydrogen-based fuels. 3. CITIC Securities: Second-hand housing transactions in Beijing and Shanghai are not weak in the off-season, but a full stabilization is still expected next year. 4. CITIC Securities: Innovative pharmaceutical companies and global pharmaceutical supply chain companies are expected to continue to experience steady earnings growth over the next 3-5 years. 5. CICC: Valuation recovery expectations for the food and beverage sector are expected to gradually materialize. 6. Tianfeng Securities: Brent crude oil prices are projected to average $70-$75 per barrel in the second half of the year. 7. Guojin Securities: Data collection is the biggest weakness in physical AI; data infrastructure is poised for explosive growth. 8. Guotai Haitong Asset Management: Overseas expansion remains the strongest investment theme in the pharmaceutical sector. 9. Guotai Haitong Asset Management: Long-term uncertainties in the AI computing power supply chain are continuously increasing.