A-share liquor stocks fell in early trading, with Yantai Gongjiu and Yanghe shares falling by more than 6%, followed by Jinzhongzi Liquor, Jin Shiyuan, Luzhou Laojiao and Wuliangye.

1. First-tier cities start offering free school places for house purchases, with Guangzhou Nansha taking the lead. 2. In the first quarter of this year, 1,564 new commercial residential properties were signed online in Guangzhou Nansha, up 25% year-on-year. 3. Shanghai issued implementation measures for voluntary deposits, withdrawals and use of housing provident funds for flexible employment personnel. 4. The potential supply of first-hand private buildings in Hong Kong has dropped to 105,000. 5. Dongguan plans to introduce new policies for the real estate market, and new houses will be sold fully furnished. 6. Henan: Strengthen the loan issuance of real estate "white list" projects and expand the scale of acquisition of existing commercial housing. 7. Nanjing's new housing ticket policy was officially issued, valid for 2 years. 8. The commercial and office land plots in Shanghai Fengxian New City were adjusted to residential land, and the plot ratio was reduced to 1.2. 9. Wuhan's real estate development investment fell by 5.2% in the first quarter, and the sales area of commercial housing increased by 5.5% year-on-year. 10. China Construction: A consortium of subsidiaries won the land use rights for a real estate development project in Chaoyang District, Beijing for 12.6 billion yuan. 11. New World Development's first-quarter residential sales in the mainland reached 2.1 billion yuan, a year-on-year increase of 52%. 12. Greenland Holdings' revenue in the first quarter of 2025 was 35.598 billion yuan, and its net loss attributable to the parent company was 247 million yuan. 13. Gree Real Estate's revenue in the first quarter of 2025 was 919 million yuan, a year-on-year decrease of 58.54%. 14. Guangming Real Estate's revenue in the first quarter of 2025 fell 35% to 1.27 billion yuan, and its net profit plummeted 2530%. 15. Poly Development's sales in 2024 will be 327.7 billion yuan, and its real estate development settlement income will be 287.35 billion yuan.

The winning interest rate allocation percentage of the U.S. 6-month Treasury bond auction as of April 28 is 20.34%, and the previous value is 30.34%.