The three major A-share indexes all showed slight gains last week. On a weekly basis, as of last Friday's close, the Shanghai Composite Index rose 0.28% to close at 3,054.64, the Shenzhen Component Index rose 2.60% to close at 9,612.75, and the ChiNext Index rose 4.25% to close at 1,884.09.

Sector performance:

On the disk, due to the record high copper prices, the metal sector of A-shares performed well. Boosted by the low-altitude economy and related policies, auto services, passenger cars, auto parts related industries rose this week. In addition, tourism, beer, liquor, and other consumer industries performed well. Coal, banks, oil and gas and other high-interest assets fell first.

Peripheral stock markets:

Americas: The Dow Jones fell 0.20% to close at 38,714.77 last week; the NASDAQ fell 0.70% to close at 15,973.17; and the S&P 500 fell 0.13% to close at 5,117.09.

Europe: UK's FTSE 100 rose 0.88% to close at 7,727.42; Germany's DAX 30 rose 0.69% to close at 17,936.65; and France's CAC 40 rose 1.70% to close at 8,164.35.

Asia: Hong Kong's Hang Seng Index rose 2.25% to close at 16,720.9; the Nikkei 225 index fell 2.47% to close at 38,707.6; and South Korea's KOSPI index fell 0.50% to close at 2,666.84.

Domestic news:

Brand Value (China) Network has learned that from March 18, the market-based declaration of refinancing securities will be adjusted from real-time availability to next-day availability, which means that the "T+1" of refinancing bonds as understood by the market has officially landed. For refinancing bonds, it changes from "T+0" to "T+1".

Foreign news:

The market expects the Bank of Japan will formally announce the end of the negative interest rate policy at its policy meetings on March 18 and March 19, which will be the first interest rate hike in 17 years since February 2007 and mark an important turning point in the normalization of Japan's financial policy.

The market expects Japan’s interest rate has a nearly 70% probability of a rate hike from -0.1% to 0%. If realized, it would mark the end of Japan's nearly 10-year policy of negative interest rates and the end of its ultra-loose monetary policy since 2013.

Enterprise dynamics:

Ranked 143rd in ‘’(Daguan• Keweiwei) The 3rd World Brand Value Top 900‘’ List, CATL (stock code: SZ: 300750) announced its 2023 financial report on March 15. In 2023, CATL achieved operating income of CNY 400.92 billion, a year-on-year increase of 22.01%; net profit attributable to shareholders of listed companies at CNY 44.121 billion, a year-on-year increase of 43.58%; and a total cash distribution of CNY 22.06 billion in annual cash dividends and annual special dividends, with a dividend payout ratio of nearly 50%, which has set a new historical record for CATL in terms of dividend amount and dividend payout ratio. The editor of Brand Value (China) Network believes that the growth of CATL is due to its advantages in the field of power batteries, and the continuous growth of the global new energy vehicle market has led to the rapid improvement of the scale of the power battery industry.

In ‘’(Daguan• Keweiwei) The 3rd World Brand Value Top 900‘’ List released on March 18, 2023, CATL's brand value was CNY 178.076 billion, ranking 143rd.

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作者：Michael