Market Performance - A-shares opened lower but rebounded, with the ChiNext Index leading the gains [1] - The Shanghai Composite Index closed at 3355.26 points, up 0.38%, with a trading volume of approximately 310.2 billion [1] - The Shenzhen Component Index closed at 10207.71 points, up 1.03%, with a trading volume of approximately 499.4 billion [1] - The ChiNext Index closed at 2031.22 points, up 1.74%, with a trading volume of approximately 238.6 billion [1] Sector Performance - The military industry sector continued to perform strongly, with stocks like Jintongling and Huawu shares hitting the daily limit [1] - AI hardware stocks rebounded, with Wohu Nuclear Materials also hitting the daily limit [1] - The automotive services, insurance, and white goods sectors saw significant gains, while sectors like PEEK materials and fertilizers experienced declines [2] Institutional Insights - Huatai Securities noted that recent government statements regarding "stabilization funds" are positive, suggesting that large-cap stocks will benefit from mid-term capital inflows [3] - Galaxy Securities highlighted a reduction in mortgage loan rates and the introduction of financing support policies, which may lower home purchase thresholds and support housing demand [3] - CITIC Securities indicated that the Federal Reserve is likely to maintain interest rates, with expectations of fewer than two rate cuts this year [3] Policy Developments - The Financial Regulatory Bureau announced the establishment of 74 private equity investment funds to support technology innovation enterprises [4] - The National Development and Reform Commission is working on mechanisms for private enterprises to participate in major national projects, with a total investment scale of approximately 3 trillion yuan in quality projects planned for this year [4] Corporate Actions - Guotai Haitong plans to issue up to 2 billion yuan in technology innovation bonds, with two types of bonds: a 3-year fixed-rate bond and a 10-year fixed-rate bond [5][6]