1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints of the Report - This week, after a sharp decline on Tuesday, the stock index showed continuous shrinking - volume oscillations, indicating signs of market stabilization. The Middle - East situation on Monday did not significantly impact the market, but on Tuesday, market risk - aversion sentiment rose, causing a sharp decline in various assets. Only the oil and gas, oil service, and oil transportation sectors in the stock market rose, while the CSI 500 and CSI 1000 indices tumbled. After the decline, the market entered a phase of shrinking - volume consolidation, and the stock index rebounded slightly. Investor caution prevailed, and sector profit - taking was evident. Even the affected oil and gas sectors oscillated in the second half of the week [6]. - On Friday night, crude oil prices rose again, and the U.S. stock market declined, which will have a psychological impact on the A - share market at the beginning of next week. However, the market is likely to stabilize next week. Firstly, the sharp decline has already occurred, and the short - selling momentum in the market has been significantly released. Secondly, the limited decline in the U.S. stock market despite the sharp rise in crude oil prices indicates that the market is not overly worried about inflation caused by rising oil prices. The U.S. stock market is approaching oversold territory, the U.S. dollar index is stable, and the impact on the stock market is limited. Additionally, with the ongoing Two Sessions, positive expectations are increasing, and the market is still expected to maintain an upward trend in the medium term [6]. 3. Summary by Relevant Catalogs 3.1 Weekend News - At the economic - themed press conference of the Fourth Session of the 14th National People's Congress, National Development and Reform Commission Director Zheng Shanjie stated that the expected GDP increment this year will exceed 6 trillion yuan; by the end of the "15th Five - Year Plan", the scale of artificial - intelligence - related industries will grow to over 10 trillion yuan; a national - level merger and acquisition fund will be established; and the output value of six emerging pillar industries such as integrated circuits, aerospace, and biomedicine is expected to expand to over 10 trillion yuan by 2030 [3]. - Minister of Finance Lan Fuan said that this year's fiscal - fund scale arrangements have reached "new highs" in three aspects; in 2026, fiscal policy will continue to adhere to a more proactive tone; the central government has allocated 100 billion yuan to support the coordination of fiscal and financial policies to boost domestic demand; a new policy tool for the coordination of fiscal and financial policies to boost domestic demand has been innovatively established, targeting household consumption and private investment; and the 100 - billion - level special funds for the coordination of fiscal and financial policies to boost domestic demand can benefit trillions of yuan in credit [3]. - Minister of Commerce Wang Wentao mentioned in the press conference that the special action to boost consumption will be deeply implemented; pilot opening - up in areas such as value - added telecommunications, biotechnology, and foreign - wholly - owned hospitals will be promoted; Chinese online dramas account for 90% of the global market revenue; and more incremental policies such as the 2.0 version of tax - free shopping for outbound travelers will be introduced [3]. - Central Bank Governor Pan Gongsheng stated that this year, various monetary policy tools such as reserve - requirement ratio cuts and interest - rate cuts will be flexibly and efficiently used; China has no need or intention to gain trade - competitive advantages through exchange - rate depreciation; and policy tools to support the capital market will be effectively implemented to support the role of Central Huijin as a quasi - stabilization fund [3]. - The China Securities Regulatory Commission issued the "Several Provisions on the Supervision of Short - term Trading", clarifying the calculation standards for determining shareholding and trading time points, including calculating the shareholding ratio of major shareholders with over 5% according to the combined shares of the same listed company or New Third - Board listed company issued or listed and publicly traded at home and abroad. It also specified 13 exemption scenarios for short - term trading [3]. 3.2 Strategy Recommendations - Unilateral: Buy on dips [6]. - Arbitrage: IM long 2609 + short ETF cash - and - carry arbitrage [6]. - Options: Bull spread [6]. 3.3 A - share Index Performance - Affected by the Middle - East situation, on March 3, after a sharp decline, the stock index stabilized. Large - cap indices were more resilient. The CSI 300 fell 1.07%, the SSE 50 fell 1.54%, the CSI 500 fell 3.44%, and the CSI 1000 fell 3.64% [18]. 3.4 A - share Trading Volume - This week, A - share market trading volume first soared and then declined. Trading volume on Monday and Tuesday continuously exceeded 3 trillion yuan, then quickly dropped and remained around 2.3 trillion yuan. The total trading volume for the week was 13 trillion yuan, with the average daily trading volume increasing by 8% compared to last week. The trading - volume proportion of each index remained generally stable. During the sharp decline, the trading - volume proportions of the CSI 300 and SSE 50 indices significantly increased, demonstrating their liquidity advantages [23]. 3.5 A - share Stock Price Movements - At the beginning of this week, the rise and fall of individual stocks changed drastically, first falling across the board and then rebounding in large numbers. Due to market fluctuations, the proportion of limit - up and limit - down stocks also fluctuated significantly. On March 3, the proportion of limit - down stocks reached 1.6%, and on March 4, the proportion of limit - up stocks was only 0.8% [28]. 3.6 A - share Margin Trading - This week, the margin - trading balance in the A - share market remained generally stable at around 2.63 trillion yuan, and the ratio of margin - trading balance to A - share free - float market capitalization remained at 2.55%. On March 4, the net margin repayment reached 22.5 billion yuan, continued on Thursday, and turned into net buying on Friday. The proportion of margin - trading purchases in A - share trading volume continued to decline to around 9%, indicating low market enthusiasm [29]. 3.7 A - share Industry Performance - The report presents the weekly rise - and - fall rates, industry popularity, and capital flow of A - share industries, but specific industry names are not provided. The weekly rise - and - fall rates range from - 8.0% to 8.1%, and the total popularity change rate ranges from - 100% to 269% [36][38]. 3.8 A - share Market Financing - The report shows the IPO financing and private placement financing in the A - share market, but specific data are presented in graphs, and no detailed numerical descriptions are provided [43]. 3.9 Stock - Index Futures Basis Changes - The basis of stock - index futures continued to decline, and the trading volume and open interest changed synchronously with the trading volume of the underlying assets, first increasing and then decreasing [6]. 3.10 Stock - Index Futures Trading Volume and Open Interest Changes - The trading volume and open interest of stock - index futures changed with the trading volume of the underlying assets, first increasing and then decreasing. Specific data for different contracts (IM, IC, IF, IH) are presented in graphs [50]. 3.11 Comparison of Stock - Index Futures and Spot Trading Volume - The report presents the comparison of trading volume between stock - index futures and spot markets for different contracts (IM, IC, IF, IH) through graphs, but no detailed numerical descriptions are provided [52]. 3.12 Stock - Index Futures Main - Contract Open Interest - The report shows the net short - position ratios of the top five and top ten holders of stock - index futures main contracts through graphs, but no detailed numerical descriptions are provided [55][57].