国内外产业政策周报（0307）：两会经济主题记者会解读，美伊冲突市场表现复盘-20260307

Domestic Policy Insights - The economic press conference on March 6 provided key insights into capital markets, industrial policies, and domestic demand expansion [3][8]. - In capital markets, the focus is on the construction of a "Chinese-style market stabilization mechanism," reforms in the ChiNext board, and strict regulatory measures [3][9]. - The stabilization mechanism includes measures such as the central bank's support for the Central Huijin Investment Ltd. and state-owned enterprises' buybacks to maintain market stability [10][11]. - The ChiNext board reform aims to enhance listing standards, replicate successful experiences from the Sci-Tech Innovation Board, and improve the quality of listed companies [11][12]. - Regulatory measures emphasize investor protection, tackling financial fraud, and enhancing the supervision of new business models [15][16]. Industrial Policy Developments - The National Development and Reform Commission highlighted six emerging pillar industries and six future industries, with significant support for major projects in integrated circuits, satellite internet, and large aircraft [17][18]. - Funding support includes the establishment of a national-level merger fund to address challenges in venture capital exits and promote mergers and acquisitions [18] - The government plans to launch around ten comprehensive open scenarios this year to facilitate industrial development [18]. Domestic Demand Expansion - The government announced a 100 billion yuan fiscal and financial collaboration to boost domestic demand, focusing on supporting private investment and consumer spending [19][20]. - Specific measures include loan interest subsidies for consumer loans and expanding the guarantee limits for private investment [20][21]. - The initiative aims to leverage fiscal and financial policies to stimulate broader social resources towards key areas of domestic demand [20][21]. Overseas Policy Insights - The report reviews market performance amid the US-Iran conflict, noting a significant rise in resource prices, particularly oil, due to geopolitical tensions [21][22]. - The conflict has led to structural differentiation in asset performance, with oil prices surging by 28% due to supply chain disruptions [21][29]. - Gold prices initially rose but later fell as market dynamics shifted from a risk-off sentiment to liquidity concerns, highlighting the complex interplay of various asset classes during geopolitical crises [33].