证券研究报告 | 浙商早知道 ：wanghe@stocke.com.cn 报告日期：2026 年 03 月 04 日 市场总览 重要观点 http://www.stocke.com.cn 1/4 请务必阅读正文之后的免责条款部分 浙商早知道 2026 年 03 月 04 日 ：王禾 执业证书编号：S1230512110001 ：021-80105901 大势：3 月 3 日上证指数下跌 1.43%，沪深 300 下跌 1.54%，科创 50 下跌 5.21%，中证 1000 下跌 3.95%，创业板 指下跌 2.57%，恒生指数下跌 1.12%。 行业：3 月 3 日表现最好的行业分别是石油石化（+6.75%)、煤炭（+1.76%)、交通运输（+1.14%)、银行（+1.07%)、 公用事业（+0.49%)，表现最差的行业分别是国防军工（-6.74%)、有色金属（-5.61%)、电子（-5.3%)、计算机（-4.94%)、 传媒（-4.29%)。 资金：3 月 3 日全 A 总成交额为 31576 亿元，南下资金净流入 60.81 亿港元。 【浙商固收信用债 李艳】债券市场专题研究：开门红时期，存款搬家了吗？ ...

Core Viewpoint - The meeting emphasized the need for all levels and departments to align their thoughts and actions with the decisions of the central government, focusing on achieving a strong economic start in the first quarter of the year [2][3]. Economic Analysis and Measures - The meeting analyzed the economic situation for the first quarter and discussed specific measures to achieve a "good start" [2]. - Departments reported on the economic operation and proposed initiatives to ensure a strong economic performance [2]. Key Focus Areas - Industrial Stability: Emphasis on stabilizing and expanding production in key industries such as automotive, electronics, and pharmaceuticals, while fostering new growth areas like low-altitude economy and artificial intelligence [3]. - Service Sector Enhancement: Strategies to support platform enterprises, promote healthy real estate market development, and enhance the wholesale sector [3]. - Investment Expansion: Utilizing special bonds and new policy financial tools to boost investments in industrial, urban renewal, and infrastructure projects [3]. - Consumption Upgrade: Encouraging consumption through policies like trade-in programs and enhancing the supply of quality goods and services [3]. - Foreign Trade and Investment: Proactive measures to adapt to external changes and support enterprises in exploring international markets [3]. Project Management and Execution - A strong focus on project management, with an emphasis on accelerating project initiation and construction, ensuring timely funding, and enhancing project maturity [4]. - The need for a clear project recruitment strategy and resource allocation to support major projects [4]. Leadership and Accountability - City leaders are tasked with monitoring their respective areas, ensuring the implementation of policies, and addressing challenges faced by enterprises [5]. - A call for a proactive approach to risk management, particularly in safety, transportation, and market supply, to ensure economic stability [5]. Economic Monitoring and Policy Adjustment - Establishing a robust economic monitoring system to identify issues and adjust policies accordingly, with tailored strategies for key industries and enterprises [6]. - The importance of enhancing the business environment and reducing transaction costs to improve enterprise satisfaction [6].