关税谈判临近，市场如何应对？

Summary of Conference Call Records Industry or Company Involved - Focus on the impact of tariff negotiations on the market and various sectors including gold, rare earths, technology, and biopharmaceuticals Core Points and Arguments - Tariff Negotiations: The upcoming tariff negotiations are expected to increase market volatility from June 9 to June 20, with a low probability of reaching an agreement by July 8, indicating a prolonged struggle rather than a quick resolution [1][2] - Gold as a Safe Haven: Gold prices are anticipated to rebound after recent corrections, with projections suggesting prices could reach $10,000 per ounce in the next 3-5 years [1][3] - Beneficial Sectors: Sectors related to U.S.-China tensions, such as gold stocks, rare earths, and permanent magnet materials, are expected to perform well due to rising domestic prices and demand [1][4] - Technology Sector Catalysts: The U.S. restrictions on EDA software usage in China are accelerating domestic alternatives, benefiting companies like Huada Jiutian and highlighting the strategic value of industrial software firms [1][5] - Chinese Innovative Pharmaceuticals: The Chinese innovative drug sector is performing well, particularly in Hong Kong, driven by new product launches and overseas licensing agreements, alongside reduced costs from U.S. policy changes [1][6][7] - Digital Currency in Cross-Border Payments: Digital currencies are becoming crucial in cross-border payments, with China leveraging blockchain and Web 3.0 technologies to enhance settlement efficiency [1][8] - Impact of U.S.-China Trade War: The trade war has led to high inflation and economic slowdown in the U.S., while Chinese export-oriented companies are affected differently based on their overseas capacities [1][9] - Global Negotiation Dynamics: The U.S. is engaging in trade negotiations with other countries, which may create opportunities for sectors like gold and rare earths, while China’s slower negotiation pace could be advantageous [1][10][11] Other Important but Possibly Overlooked Content - Financial Technology and Stablecoins: The demand for stablecoins is rising, with licensed financial institutions likely to benefit from this trend, particularly in cross-border settlements [1][12] - Investment Opportunities in Digital Currency: Companies involved in the digital yuan and financial technology sectors, such as JD.com and Ant Group, are positioned as key suppliers in this evolving landscape [1][12][13] - Market Performance and Future Volatility: The capital market is currently in a volatile phase, with recommendations to focus on gold and sectors benefiting from U.S.-China tensions, as well as export-oriented companies with overseas production capabilities [1][14]