U.S. Treasury Secretary Bessent said real wages rose every month under Trump 2.0 policies except in April.

Shenzhen Zhongtou No.1 Major Industry Ecosystem Development Private Equity Fund (LP) was established with committed capital of CNY3.94 billion. Executive general partners are Shenzhen Zhongtou Capital Management Co. and Agricultural Bank Capital Management Co.; investors include Agricultural Bank Financial Asset Investment Co., Shenzhen Major Industry Investment Group, Ningbo Yongyuan Investment Fund, Foshan Innovation & Entrepreneurship Investment Co. and Qianhai Financial Holdings. The fund’s stated scope covers equity investment, investment management and asset management via private funds.

Federal Reserve data for the week of June 3: US non-seasonally adjusted commercial paper outstanding increased $24.0 bln; non-seasonally adjusted US commercial paper outstanding issued by foreign financial institutions increased $10.0 bln; seasonally adjusted US commercial paper outstanding increased $10.7 bln.