Macro policies work in the same direction to promote economic recovery and improvement.

In January-February, the national fixed asset investment grew by 4.2% year-on-year, accelerating by 1.2 percentage points compared to the full year of last year; the national general public budget expenditure grew by 6.7% year-on-year, with the expenditure progress being the fastest in the same period in the past five years; at the end of February, the balance of M2, the stock of social financing, and the balance of RMB loans maintained relatively fast growth rates of 8.7%, 9.0%, and 10.1% respectively... A series of data show a stable start to investment and the effectiveness of fiscal and financial policies.

On March 21, at a press conference held by the State Council Information Office, heads of various departments introduced that they will promote stable growth and continuous optimization of investment throughout the year; they will study and formulate specific plans for long-term special government bonds, refine and improve the support fields; monetary policy has ample policy space and a rich reserve of tools, and there is still room for the reserve requirement ratio to decrease.

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The central bank: there is still room for reserve requirement ratio reduction, and it is strengthening monitoring to prevent funds from idling.

On March 21, at a press conference held by the State Council Information Office, the deputy governor of the People's Bank of China, Xuan Changneng, said that in the next stage, the prudent monetary policy will continue to be flexible, moderate, precise, and effective, reasonably grasping the relationship between bonds and credit, the two largest financing markets, maintaining reasonable liquidity, promoting stable and declining corporate financing and resident credit costs, continuously doing well in the "five major articles", increasing efforts to activate existing financial resources, maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level, and balancing the relationship between short-term and long-term, stable growth and risk prevention, internal and external balance.

Over 6 trillion yuan of funds expand effective investment.

On March 21, at a press conference held by the State Council Information Office, the deputy director of the National Development and Reform Commission, Liu Sushe, said that from the additional government bonds issued last year to this year's long-term government bonds, central budget investment, and new local government special bonds, the total scale of various funds has exceeded 6 trillion yuan, all of which will be used to expand effective investment.

By February this year, the National Development and Reform Commission has issued a list of 1 trillion yuan of additional government bond projects in three batches, and the funds from the additional government bonds have been fully implemented in 15,000 specific projects.

Looking at the support fields, more than half of the 1 trillion yuan of additional government bonds are used for the construction of flood prevention and drainage-related water conservancy facilities, more than 200 billion yuan are used for post-disaster reconstruction in the Beijing-Tianjin-Hebei area and other places, and the remaining funds are mainly used for improving the emergency response capacity to natural disasters and the construction of comprehensive prevention and control systems for forest fires.

More than 30 listed companies have promised not to reduce holdings or extend the lock-up period of restricted shares since March.

On the evening of March 21, Chuanfa Longmeng announced that recently, the controlling shareholder, Advanced Materials Group, made a commitment to voluntarily extend the lock-up period of its non-publicly issued restricted shares of 386 million shares (accounting for 20.4% of the company's total share capital) to September 20, 2024.

The commitment of important shareholders of Chuanfa Longmeng to extend the lock-up period of restricted shares is not an isolated case.

According to incomplete statistics, since March this year, more than 30 listed companies have issued announcements of important shareholders' commitments not to reduce holdings or extend the lock-up period of restricted shares, including controlling shareholders and actual controllers of industry-leading companies.

Some industry insiders have said that the commitment of important shareholders such as controlling shareholders, actual controllers, directors, supervisors, and others of listed companies to voluntarily not reduce holdings or extend the lock-up period of restricted shares can not only demonstrate confidence in the company's future development but also help to boost market confidence and protect the interests of all shareholders.

US stocks set new highs again, and the market is concerned about the prospect of the Fed's interest rate cut.

US stocks closed higher on Thursday, with all three major stock indexes setting new historical closing records.

The market continues to assess the US inflation situation and the prospect of the Fed's interest rate cut.

The Dow Jones Industrial Average rose by 269.24 points, or 0.68%, to 39,781.37 points; the Nasdaq Composite rose by 32.43 points, or 0.20%, to 16,401.84 points; the S&P 500 index rose by 16.91 points, or 0.32%, to 5,241.53 points.

New York gold futures prices rose by $23.7, closing at $2,184.7 per ounce, up 1.1%.

New York crude oil futures prices closed down by $0.20, down more than 0.24%, closing at $81.07 per barrel.