A股盘前播报 | 全球贵金属市场迎来巨震 2026年关税调整方案出炉

Market Overview - The global precious metals market experienced significant volatility, with spot silver fluctuating from a +6% increase to a -8% decrease, and spot gold dropping over 4%. Shanghai silver futures closed down more than 8% [1] - The Chicago Mercantile Exchange's announcement of a comprehensive increase in metal futures contracts has drawn market attention amid this substantial adjustment [1] Digital Currency Developments - The People's Bank of China has introduced a major upgrade to the digital yuan, set to be implemented on January 1, 2024. Key features include interest payments on digital yuan wallet balances and the inclusion of digital yuan in the reserve requirement framework for banking institutions [2] Regulatory Environment - The State Administration for Market Regulation has outlined key tasks for 2026, focusing on enhancing fair competition governance, strengthening antitrust enforcement, and addressing "involution" competition. The aim is to improve the quality of business entities and protect intellectual property rights [3] Tariff Adjustments - China will implement a temporary import tariff lower than the most-favored-nation rate on 935 items starting in 2026. This includes reductions on key components, advanced materials, and certain medical products [4] Investment Insights - CITIC Securities indicates that a year-end market rally has begun, emphasizing the importance of sectors with growth catalysts, particularly non-ferrous metals and AI computing [5] - Everbright Securities notes that while the market shows signs of overheating, there are no clear signals of a bull market peak [5] - Dongfang Securities observes that the market is gradually building upward momentum, with emerging hotspots, suggesting the year-end rally may continue [5] Policy Focus in Healthcare - Shanghai has announced plans to expand service consumption by promoting advanced technologies such as cell therapy and brain-machine interfaces, with a positive outlook for the pharmaceutical sector driven by innovation [6] Robotics Industry Insights - Huawei is increasing investment in the humanoid robot sector, with institutions optimistic about the supply chains in the robotics industry, particularly in embodied intelligence applications [7] Passive Component Market Trends - Major passive component manufacturers are set to raise prices on certain products starting next year, indicating a potential improvement in industry conditions driven by AI advancements in the PCB sector [8]