Chairman Wen Yongpeng.
The four seasons are coming, and the dragon is new. At the beginning of the new year, on behalf of Hongde**, I would like to extend my sincere greetings to the majority of holders, partners and friends who care about and support Hongde. Happy New Year everyone!
The year 2023 that has just passed has been an extraordinary year, full of challenges brought by uncertainty. This year, the international situation is complex, economic competition is becoming more and more intense, domestic reform has a long way to go, the capital market has ups and downs, and equity assets are under pressure.
However, this year, there are also many opportunities to break the situation in the midst of uncertainty. The epidemic prevention and control has taken a steady turn, the economy has continued to pick up, high-end manufacturing represented by domestic large aircraft and high-speed rail has risen, the digital economy has become a "new engine" with vigorous development, financial reform has been carried out at a sonorous pace, and the capital market system has been accelerated.
Looking back, the light boat has passed the Ten Thousand Mountains; Looking ahead, the long road is also bright. Standing at the starting point of 2024, we clearly see that there is a gradual increase in internal and external favorable factors. Overseas, the Fed's interest rate hike is nearing the end, and the momentum of dollar appreciation is weakening, which is conducive to enhancing the attractiveness of China's capital market; Domestically, the basic trend of economic rebound and long-term improvement has not changed, and a series of supportive fiscal and monetary policies have been superimposed and their effects have emerged, and the upward momentum of economic rebound has gradually accumulated.
Looking at our asset management industry, the prospects are very broad. Residents' demand for wealth preservation and appreciation is very strong, and the demand for multi-asset management capabilities is also increasing. The rise of technological tools represented by AI and the digital economy will help asset management better create value for customers.
In the new year, the public offering will start a new voyage of high-quality development. As an important force in inclusive finance, public offering ** shoulders the responsibility and mission of providing investment services for customers. How can you live up to your trust? That's what we've been thinking about. Hongde has always been committed to becoming a characteristic professional asset management company, conscientiously doing everything related to investment, and taking every demand of customers seriously. In the future, we will be more diligent, prudent and diligent, and strive to respond to the uncertainty of the external market with deterministic professional investment management, so as to live up to the trust of our customers and the times.
In 2024, I hope that all colleagues of Hongde can continue to be each other's companions with the majority of holders, partners and friends. At this beautiful moment of saying goodbye to the old and welcoming the new, I wish you all a happy and happy New Year!