Macroeconomy
1. Wang Xiaoping, Minister of Human Resources and Social Security: Fully implement the incremental policies for stabilizing employment posts and returning employment subsidies, and promptly reserve and introduce incremental employment policies. Introduce a new round of support policies for young people such as college graduates to stabilize the recruitment scale. Support labor-intensive industries in absorbing and stabilizing employment during the process of transformation and upgrading. Study incorporating more individuals in new forms of employment into the social security system for enterprise employees.
2. Zheng Gongcheng, a deputy to the National People's Congress: Calls for the abolition of the employment threshold at the age of 35. It is recommended that the competent department clean up policy documents with age discrimination and formulate a special action plan; the state should clarify the leading role of government agencies and public institutions in correcting employment discrimination; and relevant laws should be amended to include anti-employment discrimination.
3. Lei Haichao, Director of the National Health Commission: In 2024, the life expectancy of Chinese residents has reached 79 years, an increase of 0.4 years compared with the previous year, achieving ahead of schedule the established development direction in the 14th Five-Year Plan. The average life expectancy in eight provinces and cities including Beijing, Tianjin, and Shanghai exceeds 80 years.
4. CCTV News: Local time on March 8, in order to avoid a government shutdown, U.S. House Speaker Mike Johnson announced a temporary government funding bill. It is reported that Johnson hopes to hold a vote on this 99-page bill on the 11th. On the same day, Donald Trump posted on his social platform that all Republicans should vote in favor next week.
5. CCTV Finance: Last week, the U.S. government repeatedly adjusted its tariff policies towards Canada and Mexico. U.S. economists said that the U.S. government's imposition of tariffs on its major trading partners is equivalent to "taking money out of the pockets of Americans, making them unemployed, increasing the unemployment rate, and reducing the competitiveness of U.S. enterprises at the same time," which will ultimately severely damage the U.S. economy.
Stock Market Review
1. Last Friday, the Shanghai Composite Index closed down 0.25% at 3,372.55 points, up 1.56% for the week; the Shenzhen Component Index closed down 0.50% at 10,843.73 points, up 2.19% for the week; the ChiNext Index closed down 1.31% at 2,205.31 points, up 1.61% for the week.
2. Last Friday, the Hang Seng Index closed down 0.57% at 24,231.30 points, up 5.62% for the week; the Hang Seng Tech Index closed down 0.52% at 6,037.44 points, up 8.43% for the week; the H-share Index closed down 0.27% at 8,914.03 points, up 5.90% for the week.
3. CCTV Finance: Chinese technology stocks have triggered an investment boom in South Korea. In February, the monthly trading volume of South Korean investors in Chinese stocks increased by nearly three times compared with the previous month. As of the end of February, there were a total of 44 Chinese index ETF funds listed on the Korean Exchange, and the ETF fund with the largest increase had a yield of up to 62.8% in the past month.
4. Caijing Toutiao APP: Due to the United States entering Daylight Saving Time, starting from March 10, the opening and closing of the U.S. stock market will be advanced by one hour. The intraday trading time will be from 21:30 Beijing time to 04:00 the next morning.
5. CCTV Finance: Affected by factors such as U.S. President Donald Trump's threat to "abandon the protection" of Europe and the European Union's "rearming Europe" package plan, European military stocks such as Germany's Rheinmetall have soared recently, reaching record highs. It is reported that in order to meet market demand, some European enterprises have started to transform from civilian production to military production and are switching to manufacturing military equipment.
6. CITIC Securities: During this spring rally with the new economy as the main line, the highest-quality core assets in the fields of the Internet, hard technology, smart cars, and innovative drugs are concentrated in Hong Kong stocks. This is the essential reason why Hong Kong stocks are in a bull market while A-shares are still fluctuating. It is expected that the market of some leading enterprises planning to be listed in both places will start as their listing in Hong Kong is finalized.
7. BLT Biotech Co., Ltd.: Plans to issue additional shares to raise no more than 3.9 billion yuan for innovative drug research and development projects.
8. Mingke Jingji Co., Ltd. (2 consecutive daily limit): The company provides mold process and component production support for the Wenjie M8. Currently, this project is still in the prototype delivery stage and has limited contribution to the company's operating performance in 2025 for now.
9. Yunnan Yunnei Power Co., Ltd. (2 consecutive daily limit): The company's unmanned delivery vehicle is still in the road test stage, and there are still uncertain factors regarding whether it can achieve industrialization.
10. Guomai Technology Co., Ltd. (2 consecutive daily limit): The relevant technical achievements of the AI intelligent agent have not yet generated commercial revenue. We kindly ask investors to pay attention to the risk of the technology transformation cycle and rationally judge the investment value.
11. New Share Subscription: This week, there are a total of 5 new shares available for subscription, namely Xinya Cable and Jiangnan New Materials on the main board, Shengke Nano on the Science and Technology Innovation Board, and Zhejiang Huayuan and Sidian Co., Ltd. on the Growth Enterprise Market.
12. Unlocking of Restricted Shares: This week, a total of 52 restricted shares will be unlocked, with a total unlocking quantity of 1.965 billion shares and an unlocking market value of 37.972 billion yuan. Among them, Jiangsu Jiangxin Home Furnishing Co., Ltd. ranks first on the unlocking list with 8.797 billion yuan, and China Ceramics Co., Ltd. and Wan控智能科技股份有限公司 rank second and third with 8.301 billion yuan and 4.673 billion yuan respectively.
Wealth Focus
1. Securities China: Buffett has achieved a return of 55,000 times in 60 years. Buffett said that investors who truly make long-term profits get rich slowly. His investment logic lies in that investment returns are determined by the fundamentals of listed companies, and performance growth is a slow variable. The mentality of seeking quick success often leads to high-risk investments, and chasing hot stocks is difficult to lead to lasting wealth.
2. CCTV Finance: Chinese film and television studios have become popular check-in places for foreigners. With the hot screening of Chinese films in the global market, experiencing China's natural scenery and cultural customs has become the choice of many foreign tourists. The number of foreign tourists received by the Hengdian World Studios in 2024 increased nearly ten times compared with the previous year.
3. Luohu District, Shenzhen City: Launched a talent package for young entrepreneurs, covering office space, housing security, cash subsidies, and a number of convenient services. Luohu District provides sufficient entrepreneurial space for young entrepreneurs. For team operations, they can apply for a maximum of 300 square meters of office space rent-free for three years.
Industry Observation
1. The National Food and Strategic Reserves Administration: As of now, the cumulative purchase volume of autumn grains nationwide has exceeded 300 million tons, equivalent to 60% of last year's autumn grain output. Autumn grains mainly include rice, corn, and soybeans, accounting for more than 70% of the annual grain output, and are mainly distributed in 13 major grain-producing areas such as the Northeast and the Huang-Huai-Hai region.
2. CCTV.com: Robots have started working on the Chinese space station. Recently, multiple space science experiments have been carried out simultaneously in the national space laboratory. The robot "Xiaohang" was launched again and completed a number of experiments such as multi-modal interaction technology research together with the astronauts, further enhancing the tacit understanding index between the two sides.
3. The National Supercomputing Internet Platform: Launched the API interface service of Alibaba's open-source inference model QwQ-32B on March 8. Now users can obtain 1 million free Tokens. The platform supports massive users to conveniently call the interface services of domestic open-source large models such as QwQ-32B and DeepSeek-R1.
4. The Paper: Fan Xianqun, Dean of Shanghai Jiao Tong University School of Medicine, said that although DeepSeek is powerful, it can only serve as an assistant to doctors. The diagnosis and treatment of diseases, performing surgeries, etc., still need to be completed by doctors. DeepSeek has advantages in medical auxiliary disciplines such as imaging diagnosis and inspection reports.
5. Lei Haichao, Director of the National Health Commission: More than 90% of village clinics have been included in the scope of medical insurance designated institutions, which has greatly facilitated the people in seeking medical treatment, receiving medical services, and paying medical expenses. This year's goal is to promote the construction of close-knit county-level medical communities, covering 90% of counties and districts. There are conditions to widely apply artificial intelligence assistance technologies to improve the service capabilities and levels at the grassroots level.
6. Dengta Professional Edition: As of March 9, the global box office (including pre-sales) of the film *Ne Zha 2* has exceeded 14.882 billion yuan, surpassing *Avengers: Infinity War* and ranking among the top 6 in the global film history box office list.
7. CCTV News: The *China CDC Weekly* recently announced the data on the cervical cancer screening rate of Chinese women from 2023 to 2024. The overall screening rate of women aged 35 to 64 exceeds 50%. The screening coverage rate in rural areas is 48.2%, still lower than the target for 2025.
8. Hefei Institutes of Physical Science, Chinese Academy of Sciences: The key system of China's next-generation "artificial sun" has passed the acceptance. The comprehensive research facility for key systems of the fusion reactor main engine developed by the large scientific research team - the one-eighth vacuum chamber and the overall installation system have passed the testing and acceptance by the expert group, and the system development level and operation capability have reached the international advanced level.
Company News
1. China News Service: Recently, many GREE franchise stores in various places have been renamed "Dong Mingzhu Healthy Home." Dong Mingzhu responded that the name change aims to convert "trust traffic" into "quality recognition" by vouching with her personal reputation, so as to achieve the strategic upgrade from product manufacturing to health service transformation and establish a more stable emotional connection with consumers.
2. IT Home: Tesla CEO Elon Musk reposted a post about Tesla's self-driving taxi (Cybercab) on the social platform X on March 9. Tesla's golden self-driving taxi made its debut at the Texas Gigafactory. The Tesla Cybercab is a two-door coupe without a steering wheel or pedals.
Global Perspective
1. Huanqiu.com: SpaceX CEO Elon Musk said on March 9 local time that SpaceX's Starlink Internet satellite communication service is the pillar of the Ukrainian military. If the system is shut down, the entire front line of Ukraine will collapse.
2. CCTV News App: The U.S. Department of Health sent an email about "voluntary separation payments" to all employees. Employees who submit a request for voluntary separation before March 14 will receive a one-time payment of up to $25,000. The White House and the U.S. Department of Health did not immediately respond to requests for comment.
Financial Data
1. Zhengzhou Commodity Exchange: Recently, there are many uncertain factors affecting the rapeseed meal and rapeseed oil markets. All member units are requested to effectively strengthen investor education and risk prevention work, and remind investors to participate rationally and trade in compliance.
2. New Third Board: Last week, 10 new companies were listed, and the trading volume was 1.231 billion yuan, a month-on-month increase of 33.99%. Up to now, the total number of listed companies on the New Third Board has reached 6,084.
3. Last Friday, the onshore RMB against the US dollar closed at 7.2382 at 16:30, up 0.0635%, up 0.6260% for the week; the central parity rate of the RMB was 7.1705, down 0.0181%, up 0.0558% for the week.
4. Shanghai Environment and Energy Exchange: Last week, the trading volume of carbon emission allowances in the national carbon market through listing agreement transactions was 10,300 tons, with a total turnover of 910,100 yuan. The closing price was 89.62 yuan/ton, up 0.07% for the week.
5. US Stocks: Last Friday, the Dow Jones Industrial Average rose 0.52% to 42,801.72 points, down 2.37% for the week; the S&P 500 Index rose 0.55% to 5,770.20 points, down 3.1% for the week; the Nasdaq Composite Index rose 0.70% to 18,196.22 points, down 3.45% for the week.
6. Europe: Last Friday, the DAX 30 index in Germany fell 1.75% to 23,008.94 points, up 2.03% for the week; the CAC 40 index in France fell 0.94% to 8,120.80 points, up 0.11% for the week; the FTSE 100 index in the UK fell 0.03% to 8,679.88 points, down 1.47% for the week.
7. Gold: Last Friday, COMEX gold futures closed down 0.3% at $2,917.7 per ounce, up 1.76% for the week.
8. Crude Oil: Last Friday, WTI crude oil futures settled up 1.02% at $67.04 per barrel, down 3.9% for the week; Brent crude oil futures settled up 1.19% at $70.36 per barrel, down 3.36% for the week.