3600保卫战还在继续，盘后的利好怎么看？

Group 1: Futures Market Impact - The futures market experienced a significant downturn, particularly in coking coal, which fell to its limit due to position limits, affecting overall market sentiment [1] - Major commodities such as coking coal, glass, and soda ash saw substantial declines, with coking coal dropping by 11% to 1100.5, and glass down by 9% to 1223 [2] - The decline in the futures market has negatively impacted A-shares, particularly in sectors like coal and steel, which saw the largest drops [3] Group 2: Insurance and Banking Sector Response - Despite the downturn in the futures market, the banking and insurance sectors showed resilience, with insurance companies benefiting from a recent decrease in various financial product rates [3] - The China Insurance Association reported a new booking interest rate of 1.99%, which has led to a favorable environment for insurance companies [3][4] Group 3: Subsidy Policy and Market Sentiment - A new subsidy policy was announced, providing 3600 yuan per year for families with children under three years old starting from January 1, 2025, which is seen as a positive step despite being lower than subsidies in developed countries [6] - The announcement of the subsidy did not lead to immediate pricing in the maternal and infant sector, indicating that the market's expectations were exceeded [5][6] Group 4: International Trade Relations - Recent developments in international trade negotiations, particularly between the U.S. and the EU, may have implications for China, as the Chinese government has expressed strong opposition to any agreements that compromise its interests [7] - The U.S. has reached an agreement with the EU to increase tariffs from 10% to 15%, which could affect China's trade strategy moving forward [7]