从政治角力到金融博弈，从美国白宫到全球资本市场，这场看似"总统不服管"的闹剧，最终演变成了一场关于全球财富秩序的大洗牌。特朗普想拿 下美联储，却反被司法系统"打脸"；美元信用频频亮红灯，而人民币资产却意外成了"香饽饽"。 一场关于金钱、权力与信任的多重博弈，正在悄然重写世界金融版图。 美国总统特朗普这回真是碰了钉子。他试图"炒掉"美联储理事库克，结果法院直接给他泼了一盆冷水，不仅驳回了他的行为，还明确指出：总统不 能随意干预美联储，这是对宪法基本原则的挑战。这不仅是一次政治失败，更是一次权力越界的警告。 特朗普的算盘并不复杂。他想通过强行推动降息，缓解联邦政府高达7万亿美元的债务负担，还能顺带提振股市，为自己的连任之路加分。可惜， 美联储不是白宫的"提款机"，他们背后的银行家群体也不是吃素的。 过去几十年里，美元就像一把"金融尚方宝剑"，谁掌握了它，谁就能主导全球资本流向。但现在，这把剑开始生锈了。 美元指数年内狂跌8%，美债也遭遇罕见抛售。据《金融时报》报道，美国3年期国债的境内投资者获配比例降至历史低点，仅为6%。这可不是小波 动，而是市场在用脚投票：对美元体系的信心正在崩塌。 背后的原因也不难理解。美国 ...

Group 1 - The Hong Kong stock market opened lower on June 13, with the Hang Seng Tech Index down by 0.95%, and the Hang Seng Tech Index ETF (513180) also followed the decline with a slight premium [1] - Key stocks such as Xiaopeng Motors, BYD, NIO, Kingsoft, Tencent Music, BYD Electronics, and Li Auto experienced significant declines [1] - As of June 12, the latest valuation (PETTM) of the Hang Seng Tech Index ETF (513180) was only 20.27 times, placing it in the historical undervaluation range, below 90% of the time since its inception on July 27, 2020 [1] Group 2 - Shenyin Wanguo believes that Hong Kong will play a crucial role in the restructuring of the global financial order, becoming a core capital market under the new global order [1] - The firm anticipates that investment opportunities in Hong Kong stocks will continue to expand by the second half of 2025, focusing on broad growth sectors represented by internet technology and pharmaceuticals [1] - The new consumption sector still holds mid-term alpha advantages, although it faces short-term issues regarding cost-effectiveness [1] Group 3 - The Hong Kong Consumption ETF (513230) combines e-commerce and new consumption, covering relatively scarce new consumption sectors compared to A-shares [2] - The Hang Seng Tech Index ETF (513180) includes core AI assets and encompasses technology leaders that are relatively scarce in A-shares [2]