每日市场观察

Group 1 - The Shanghai Composite Index is expected to continue its upward trend towards 3100 points, supported by the 5-day moving average and the 5-week moving average potentially rising next week [1] - The fiscal revenue in China showed a recovery trend, with the general public budget revenue for January-February at 4.46 trillion yuan, a year-on-year decrease of 2.3%, but a real growth of about 2.5% on a comparable basis [2] - The National Energy Administration is working on establishing a coal mine intelligent standard system, aiming for a preliminary establishment by 2025 and a comprehensive system by 2030 [3] Group 2 - Shanghai plans to promote future industries through four key initiatives, including hosting the "Future Industry Star" competition and advancing the construction of future industry pilot zones [4][18] - The manufacturing investment growth rate accelerated to 9.4% year-on-year in January-February, outpacing overall investment growth by 5.2 percentage points, indicating a positive trend in the manufacturing sector [23] - The People's Bank of China stated that the monetary policy transmission is effective compared to foreign central banks, with credit growth remaining at a reasonable level [15][31] Group 3 - The gaming industry in China saw mobile game companies generate a total revenue of 2.03 billion USD in February, reflecting a month-on-month increase of 3.6% [17][33] - Publicly offered Fund of Funds (FOF) face growth challenges, with over ten three-year holding period pension FOFs failing to reach a scale of 200 million yuan, potentially triggering liquidation [5][34] - The market showed a mixed performance with low-altitude economy and AI application sectors remaining active, while automotive dismantling concepts faced adjustments [10][20]