The global economic environment is complex, and international geopolitical pressures have led to the continuous adjustment of the industry, and how to achieve wealth growth in complex and uncertain times has become the focus of investors' continuous attention. In this regard, Pan Qing, Chief Financial Officer of Noah Holding Group and CEO of Noah Hong Kong, shared his views.
In view of the current complex socio-economic environment, Pan Qing believes that the concern of international geopolitical conflicts and global economic recession has become the primary concern of high-net-worth clients in Asia, and in the short term, macro uncertainty will become the core factor for investors to adjust their strategic asset allocation. However, the innovation and breakthrough of artificial intelligence technology driven by ChatGPT has also made professional investors in the global market look forward to the new round of technology cycle and growth opportunities it may bring.
In August, Noah released its international and domestic investment outlook for the second half of 2023. As a wealth manager, in a complex macro environment, establishing a "correctable feedback loop" is a key point of the strategic asset allocation model. Error-correctable feedback loops are almost the core answer to the question "how to succeed with asset allocation". No matter what asset allocation model or approach is used, uncertainty cannot be completely eliminated. The investment goal should be to manage and mitigate uncertainty, not to try to eliminate it. With the "correctable feedback closed loop" as the pearl, we will string together a strategic asset allocation plan that is constantly updated and has a compound interest effect.
Specifically, it is recommended that domestic investors construct five types of asset allocation strategies based on "individual rationality", namely, through liquidity management strategy, guaranteed inheritance strategy, stable bottom position strategy, growth allocation strategy A - to establish a portfolio that can hedge tail risks, and growth allocation strategy B - focusing on hard technology, early VC portfolio based on technical background, diversifying risks, balancing liquidity, safety, stability and growth, and pursuing overall optimality.
At the same time, Pan Qing also put forward his own views on the future wealth growth point, he believes that the current private entrepreneurs have entered 3Stage 0, which is a truly global stage. Many top manufacturing companies have fully penetrated the domestic market and are marching into new markets. They have truly developed a global vision and capabilities. Much of the future wealth growth will come from this part. This brings new challenges and opportunities to wealth managers and asset managers. Not only are our customers globalized, but so are our businesses. Personalized service capabilities and global asset allocation capabilities are becoming breakthroughs in the development of wealth management institutions in the future.