Author: xjadmin

On March 18th, the A-share market experienced volume contraction and volatility yesterday, with over 3100 stocks rising, and the Shanghai Composite Index reaching a new high this year. Data shows that as of the close on March 17th, the total market value of A-shares reached 99.25 trillion yuan, setting a new historical high. Industry insiders believe that the cost-effectiveness of Chinese stock assets is relatively high. With the accelerated development of new quality productivity and a series of policy boosts, there is a great opportunity for valuation restructuring in the A-share market, and the upward trend is expected to shift from a technology structure trend to a general upward trend.

On March 18th, the Ministry of Water Resources held the 2025 River and Lake Management Work Conference in Guiyang, Guizhou Province. The meeting requested to strengthen the management and protection of water bodies and shorelines with stricter requirements, continuously promote the cleaning and rectification of the “four chaos” issues, strictly supervise the permit of river related construction projects, standardize the management of sand mining in river channels, and strengthen the management and protection of rural rivers and lakes. To enhance the ability of river and lake protection and governance with greater efforts, strengthen technical standards and technological guidance, and build an integrated monitoring and perception system for rivers, lakes, and reservoirs, as well as an intelligent supervision system for river sand mining. We should take more practical measures to promote the co construction and sharing of happy rivers and lakes, implement detailed construction tasks, and strengthen overall coordination of work.

① Pending call between US President Trump and Russian President Putin; ② 18: 00 German ZEW Economic Prosperity Index for March; ③ 18: 00 Eurozone ZEW Economic Sentiment Index for March and January Quarterly Adjusted Trade Account; ④ 20: 30 Canadian February CPI monthly rate; ⑤ 20: Annual total number of new housing starts in February, total number of construction permits in February, and monthly import price index rate in February in the United States 21:15 US February Industrial Output Monthly Rate ⑦ The next day at 01:00, NVIDIA CEO Huang Renxun delivered a keynote speech. ⑧ The next day at 04:30, the US crude oil inventory for the week of March 14th.

On March 18th, multiple brands including Geely Galaxy, Zero Run, and HarmonyOS have successively released new intelligent car models since March. Industry insiders believe that the current increase in the penetration rate of advanced intelligent driving functions in new car models has driven consumers to consider intelligent driving capabilities as an important reference for purchasing cars. The emergence of popular intelligent driving models will accelerate the industry’s intelligent development process and promote domestic independent brands to complete the first round of intelligent elimination competition. (China Securities Journal)

On March 18th, the Peruvian government issued a decree declaring a 30 day state of emergency in the Lima metropolitan area and Callao province starting from March 18th. During this period, the national police will maintain internal order with the support of the armed forces to ensure social stability. The government also emphasized that despite entering a state of emergency, this measure does not involve a curfew, and the public’s free travel at any time of the day will not be restricted.

On March 18th, the Central Office and the State Council Office issued the “Special Action Plan to Boost Consumption” on March 16th. The Plan proposes to vigorously boost consumption, comprehensively expand domestic demand, increase income and reduce burden to enhance consumption capacity, create effective demand with high-quality supply, optimize the consumption environment to enhance consumption willingness, and address prominent contradictions that constrain consumption. The policy dividend continues to be released, and the supply side of the consumer industry is accelerating its transformation. Reporters interviewed multiple listed companies and found that from upgrading intelligent manufacturing to deepening the integration of data and reality, from expanding scene innovation to improving urban-rural networks, listed companies in the consumer industry chain promote a positive interaction between the supply and demand sides through collaborative innovation in technology, business formats, and channels. Industry insiders believe that under the dual drive of policies and markets, the consumer industry is shifting from scale expansion to quality improvement. Innovative supply capacity, omnichannel penetration efficiency, and response speed to sinking markets will become important competitive advantages for listed companies to seize the new round of consumer recovery opportunities. (China Securities Journal)

On March 18th, the latest information disclosed by the Hong Kong Stock Exchange showed that Ruizhong Insurance recently increased its holdings of H-shares in CITIC Bank and hit the holding line. Since the beginning of this year, insurance fund listings have been active, with bank stocks, as one of the representatives of dividend assets, becoming the main targets for insurance fund listings. Several individuals from insurance institutions have expressed that the demand for long-term investment by insurance fund leaders has become more urgent this year. In response to the policy of long-term capital entering the market and adapting to asset liability management under the switching of accounting standards, a major focus of insurance funds in equity investment is to increase allocation and hold high dividend stocks and other dividend assets for a long time. (China Securities Journal)

US President Trump announced on the 17th local time that he will have a phone call with Russian President Putin on the issue of a ceasefire between Russia and Ukraine in the morning of the 18th. Trump posted on his social media platform “Real Social” that “many aspects of the final agreement have been agreed upon, but there are still many issues that have not been resolved. He said that this war must end immediately and he is “looking forward to” the call with Putin.

On March 18th, the continuous adjustment of the bond market since February has led to a decline in the yield of wealth management products, triggering some investors to actively redeem, resulting in a significantly weaker growth in the scale of wealth management products in February compared to the growth level shown by seasonal patterns. The market was once concerned that the redemption of this round of wealth management products may trigger negative feedback effects. However, industry insiders believe that after the adjustment of the bond market, its cost-effectiveness is gradually recovering. Currently, rural commercial banks and insurance institutions continue to increase bond allocation, and the entry of allocation funds not only provides support for the stabilization of the bond market, but also significantly reduces negative feedback risks. The space for further adjustment of the bond market is limited. (China Securities Journal)

On March 18th, the Central Office and the State Council recently issued the “Special Action Plan to Boost Consumption”, which proposes to “increase the guarantee of childbirth and child rearing. Study and establish a child rearing subsidy system”. Subsequently, the related topic quickly became a hot topic. The recently released policies encouraging childbirth in Jiangsu, Zhejiang, and other regions are highly in line with the spirit of the ‘Plan’. Zhan Junhao, a partner at Fuzhou Gongsun Ce Public Relations Consulting Co., Ltd., said, “The introduction of the ‘Plan’ has a positive significance in encouraging childbirth. Increasing the guarantee of childbirth and nurturing can reduce the burden of family parenting and increase the willingness to have children. This will have a positive impact on listed companies in related industry chains such as maternal and child care, children’s education, and children’s products.” (Securities Daily)