Thai Ministry of Finance: Will review the 2026 budget.

1. In March, China reduced its holdings of US$18.9 billion in US debt, and its holdings fell to third place, while the UK rose to second place. 2. Moody's downgraded the US credit rating to Aa1, and the White House criticized Moody's. 3. Bostic: It is expected that the United States will not fall into recession if interest rates are cut once this year. 4. Moody's downgraded the US rating, and the yield on 30-year US Treasury bonds rose to more than 5%. 5. Moody's downgraded the US credit rating, and the Ministry of Foreign Affairs responded: The United States should take responsible policy measures. 6. The US Secretary of Commerce launched US Treasury futures trading this week, and CME was impacted. 7. The Ministry of Finance: Carry out Treasury market-making support operations in May 2025. 8. Special bond collection and storage plans were released intensively, and the second quarter ushered in explosive growth. 9. TSMC plans to issue NT$14.1 billion in bonds, of which the 5-year interest rate rose to 1.92%. 10. CFTC: As of the week of May 13, speculators increased their net short position in CBOT US 2-year Treasury futures by 1,439 lots. 11. Huagong Technology: Plans to issue no more than 2 billion yuan of short-term financing bonds and no more than 2 billion yuan of medium-term notes. 12. Lianrui New Materials: Plans to issue convertible corporate bonds to unspecified objects to raise a total amount of no more than 720 million yuan.

【Xi Jinping: Adhere to scientific decision-making, democratic decision-making and legal decision-making Complete the preparation of the "15th Five-Year Plan" with high quality】Xi Jinping, General Secretary of the CPC Central Committee, President of the State and Chairman of the Central Military Commission, recently issued important instructions on the preparation of the "15th Five-Year Plan", emphasizing that scientific formulation and continuous implementation of the five-year plan is an important experience of our party in governing the country and an important political advantage of socialism with Chinese characteristics. The preparation and implementation of the "15th Five-Year Plan" is of great significance for the comprehensive implementation of the strategic deployment of the 20th National Congress of the Party and the promotion of Chinese-style modernization. We must adhere to scientific decision-making, democratic decision-making and legal decision-making, unify top-level design and consultation with the people, strengthen research and demonstration, build consensus widely, listen to the opinions and suggestions of the people and all sectors of society in various ways, fully absorb the new experience created by cadres and the masses in practice, pay attention to the systematic, holistic and coordinated nature of goals, tasks and policy measures, and complete the preparation of the plan with high quality. my country will begin to implement the "15th Five-Year Plan" in 2026, and the Party Central Committee is currently organizing the drafting of the "15th Five-Year Plan" proposal. According to the spirit of Xi Jinping's important instructions and the work arrangements for the drafting of the plan proposal, the relevant parties will solicit opinions and suggestions on the preparation of the "15th Five-Year Plan" from cadres, the masses, experts and scholars in various forms in the near future.