Report Summary 1. Market Performance - The Hang Seng Index opened 152 points higher, reached a high of 26,149 points, and closed down 61 points or 0.2% at 25,898 points. The trading volume decreased by 23% to HK$254.481 billion [1]. - The Shanghai Composite Index rose 10 points or 0.3% to 4,133 points, with a trading volume of RMB 1.06 trillion. The Shenzhen Component Index rose 111 points or 0.8% to 14,465 points, with a trading volume of RMB 1.44 trillion. The ChiNext Index rose 43 points or 1.3% to 3,349 points, with a trading volume of RMB 659.6 billion [1]. - The Dow Jones Industrial Average fell 289 points or 0.6% to 47,417 points. The S&P 500 Index fell 5 points to 6,775 points. The Nasdaq Composite Index rose 19 points to 22,716 points [2]. 2. Policy and Event - The People's Bank of China conducted 26.5 billion yuan of seven - day reverse repurchase operations on the 11th, with an operating rate of 1.4%. There were 40.5 billion yuan of reverse repurchases due, resulting in a net withdrawal of 14 billion yuan [1]. - The International Energy Agency agreed to release 400 million barrels of oil, the largest - scale release ever. The US Energy Secretary announced the release of 172 million barrels of oil from the US emergency oil reserve over about 120 days as part of the IEA's plan [2][3]. - The Trump administration launched an industrial over - capacity trade investigation on 16 major trading partners under the "301 Clause", which may lead to new tariffs on China, the EU, India, Japan, South Korea, and Mexico before summer [2]. 3. Company News - Zhipu (02513.HK) launched the Lobster National Deployment Plan, offering the computer - version "AutoClaw Aolong" and recruiting "Lobster Evangelists" [4]. - Guanghe Technology (001389.SZ) (01989.HK) announced its plan to list H - shares in Hong Kong, issuing 46 million shares, with 10% for public offering in Hong Kong and the rest for international placement. The offering price is HK$71.88 per share, and the subscription period is from March 12th to March 17th, with shares expected to start trading on March 20th [4]. 4. Technology News - The "OpenClaw" open - source AI agent tool became popular. The National Supercomputing Internet announced free distribution of 10 million Tokens per user for two weeks and set a lower purchase price for Tokens to lower the usage threshold of intelligent agents [3].