On March 30, the domestic financial market ushered in multiple positive signals. The policy side continued to exert efforts to consolidate the bottom line of financial stability, and the real estate and capital markets showed a recovery trend, injecting strong momentum into the stable operation of the economy, which formed a sharp contrast with the volatility of the global market.
On the policy front, the central bank held the 2026 Financial Stability Work Conference, clearly proposing to continuously improve the system for preventing and resolving systemic financial risks, promote multi-channel efforts to increase capital replenishment, strengthen risk monitoring and early warning, and steadily reduce stock risks and curb incremental risks to safeguard the stability of the financial market. At the same time, the China Securities Regulatory Commission (CSRC) stated that it will strengthen the protection of small and medium-sized investors, severely crack down on securities and futures violations and crimes, and promote the implementation of more representative litigation and advance compensation cases to effectively enhance investors’ sense of gain. The Ministry of Commerce also took simultaneous actions, initiating two investigations against U.S. trade barriers to safeguard the legitimate rights and interests of domestic industries.
On the market front, both the real estate and capital markets brought good news. Shanghai’s second-hand housing market performed impressively, with 1,585 online signings on March 28, a new high in nearly 5 years. The cumulative online signings in March reached 27,733 units, an increase of 8% year-on-year. Affordable housing became the main force in the market, with the proportion of housing units under 3 million yuan rising to 72%. The industry expects monthly transactions to exceed 30,000 units. In the capital market, 150 securities companies achieved double growth in operating income and net profit in 2025, increasing by 19.95% and 31.2% year-on-year respectively. A-shares opened lower and moved higher last Friday, with more than 4,300 individual stocks rising, and sectors such as lithium batteries, pharmaceuticals, and chemicals performing actively.
The industrial sector also had many bright spots. Beijing took the lead in launching the development and application of commercial insurance for intelligent connected new energy vehicles, which is uniformly compatible with all levels of models from L2 to L4, helping the high-quality development of the new energy vehicle industry; China mass-produced medical-grade alpha isotopes for the first time, accelerating the clinical application of nuclear medicine and injecting new momentum into the upgrading of the pharmaceutical industry. Overall, domestic policies are working in coordination, market confidence is continuously recovering, and attention should be paid to the effect of policy implementation and the transmission impact of global market volatility in the future.
