投资前瞻：政策合力助推A股“稳进”格局

Market News - The 2026 National Two Sessions are set to conclude, with the National Committee of the Chinese People's Political Consultative Conference opening on March 4 and the National People's Congress on March 5, focusing on economic growth, innovation, and social welfare indicators [3] - The China Securities Regulatory Commission (CSRC) has issued new regulations on short-term trading, effective from April 7, 2026, which will include specific securities and trading subjects [4] - The Ministry of Finance announced a plan to issue 32 billion yuan of 50-year treasury bonds on March 11, with a coupon rate of 2.28% [5] - The Eurasian Economic Commission has initiated an anti-dumping investigation into Chinese bulldozers with specific power ratings [5] Industry Developments - The Ministry of Industry and Information Technology has released guidelines to promote the comprehensive utilization of photovoltaic components, focusing on green design, orderly retirement, and efficient recycling [7] - The National Energy Administration emphasized the importance of maintaining electricity supply and accelerating the green and low-carbon transition in energy [7] - During the "14th Five-Year Plan" period, major projects will enhance the capacity for electricity transmission from the west to the east, aiming for a non-fossil energy consumption share of 25% by 2030 [8] Tourism and Employment - The National People's Congress held a press conference addressing key issues in elderly care, employment, and cultural tourism, with plans to establish a three-tier elderly care service network by the end of the "14th Five-Year Plan" [9] - The Ministry of Human Resources and Social Security is working on a special employment plan to enhance job creation [9] Company News - Gree Electric Appliances responded to rumors about not distributing dividends in the future, stating that dividend arrangements will be based on strategic planning and financial conditions [11] - Huawei launched a series of products at MWC 2026, supporting the transition from 5G-A to 6G, and introduced a computing product matrix aimed at the high-end AI computing market [11] - BYD unveiled its second-generation blade battery, achieving rapid charging times, and announced plans to build 20,000 fast-charging stations by the end of 2026 [12] - NIO announced a technology release event for its advanced SUV model ES9 on April 9 [12] Stock Unlocking - A total of 38 companies will have their restricted shares unlocked this week, amounting to 2.128 billion shares with a total market value of approximately 71.03 billion yuan [15] - The peak unlocking day is March 9, with 13 companies unlocking shares worth a total of 24.557 billion yuan [15][17] New Stock Calendar - One new stock, Zuxing New Materials, is set to be issued this week, with an expected fundraising of 232 million yuan [19] Market Outlook - Zhongtai Securities suggests that new policies from the Two Sessions will positively impact the capital market, particularly for innovative and emerging industries [22] - Galaxy Securities indicates that the A-share market will experience fluctuations but maintains a long-term positive outlook, focusing on sectors like oil and gas, non-ferrous metals, and infrastructure [24] - CICC highlights the growing importance of emerging industries in the A-share market, suggesting a stable growth pattern supported by government policies [25]