On March 2, the 2024 Fangde Global Asset Allocation Summit Forum with the theme of "Crossing Capital Barriers and Enjoying Global Dividends" came to a successful conclusion.
The forum was hosted by Fangde Platform, and the conference brought together well-known private equity managers and financial planners from all over the country to jointly provide cost-effective allocation opportunities for overseas assets in the context of new changes in the domestic economy and global supply.
Moderator: Dong Pengfei).
At the beginning of the meeting, Shen Ji, member of the Party Committee and deputy mayor of Xujing Town, expressed warm congratulations on the convening of the summit and expressed a sincere welcome to the guests.
Shen Ji, member of the Party Committee and deputy mayor of Xujing Town).
Deputy Mayor Shen Ji said that today's Xujing, as one of the most dynamic central city areas in Shanghai, sits on the Hongqiao International Open Hub, the national strategy of Yangtze River Delta integration, and is backed by the two functional platforms of Hongqiao Comprehensive Transportation Hub and National Convention and Exhibition Center, which is a "strong engine" for local high-quality development and has broad prospects for future development. The issue of asset allocation involves everyone's daily life, and how to rediscover the investment needs of residents in the new era, gain insight into the key points of the industry, and discover industry opportunities are the problems that this Fangde Asset Allocation Conference is committed to solving. He expressed his sincere wishes for the future development of Fangde Group.
In recent years, the development of the tripartite wealth industry has been in great waves, and Mr. Xing delivered a welcome speech at the beginning of the conference, and on behalf of Fang De, he expressed his heartfelt thanks to many well-known private equity managers, relevant practitioners, financial planners and high-net-worth customers who came to the conference.
Mr. Xing believes that in 2024, under the influence of multiple uncertain factors such as geopolitical conflicts, national conflicts, frictions, and the rapid development of artificial intelligence, the importance of overseas asset allocation will once again be highlighted. To this end, this conference will focus on the family needs of middle-to-high-income people in the new era, investment, law, education and other related ecosystems, aiming to let all guests gain more global trends, unique insights into related industries and professional investment trends.
Xing Yao, general manager of Fangde).
High premiums for overseas fixed income may still occur in the future, how can investors get on the bus safely?
In 2023, with 1With the promotion of the 5 trillion yuan urban investment swap, high-yield urban investment bonds have almost completely disappeared, and the domestic low interest rate environment has made the cost performance of domestic bond allocation reduced.
Shi Lei, Deputy General Manager of Investment of Anzhong China (1st from left), and Stefano Chao, President of Anzhong China (middle).
In the past 24 years, the phenomenon of domestic asset shortage has continued, and how to select suitable bond products for customers from overseas has become one of the problems of many private equity managers. To this end, Stefano Chao, General Manager of Anzhong Group China, shared the overseas macroeconomic situation and overseas super fixed income investment opportunities, and highlighted the investment advantages of hybrid capital bonds of overseas high-quality enterprises.
Stefano Chao, President of Anzhong China).
Mr. Zhao said that under the influence of Western monetary policy tightening, the risk-free interest rates of U.S. bonds and European bonds are at historic highs. In addition, from historical experience, in the early stage of economic recession, European and American government bonds and high-yield bonds have performed significantly better than other assets.
China's high-net-worth families accelerate their overseas comprehensive layout, and investors' insights are "cut"?
1. Is it difficult for the "vine creeper clan" to solve the knot of famous schools?
Mr. Zhang Weiqi, founder of the international education brand Cheese Tree and vice president of nblessings+ education, said that the current phenomenon of international education "volume" has not changed, and it costs at least 10 million yuan to train a child from childhood to adulthood in an international way, and how to use the least amount of money to carry out the most detailed and reliable one-stop overseas education planning for children is also a concern for many parents.
Vice President of Education at Nblessings+, Weiqi Zhang).
2. How to go on the road of overseas real estate real estate?
As a leading real estate developer in China, Yuan Ruidong, head of overseas market of Vanke Group, focused on the cost-effective investment opportunities for overseas fixed assets in the current international economic environment. He believes that in the context of interest rate hikes and economic downturn in Europe and the United States, the allocation idea of multi-currency + real estate has gradually re-entered the field of vision of middle and high net worth individuals.
Yuan Ruidong, head of overseas market of Vanke Group).
Throughout the world, the United Kingdom, the United States and other countries have shown a sustained + trend in the past five years, and the rent increase is greater, the core logic of which is the change in housing supply and demand: there is a continuous influx of high-end talents in large cities led by London, and the demand for housing is strong, but the supply is in a downward trend.
The nugget strategy comes first, and cross-border is profitable step by step
In the afternoon, Li Heng, the founder and manager of Lanhu, described in detail the current situation of the overseas dollar urban investment market and the key points and difficulties of investment research to the guests. He also pointed out that at a time when the yield of domestic urban investment is generally below 5%, the yield of urban investment dollar bonds still maintains more than 10%, because of the high interest rate level abroad on the one hand, and the poor perception of Chinese urban investment enterprises by foreign investors on the other hand.
Li Heng, founder of Lanhu).
Mr. Li believes that with the beginning of the Fed's interest rate cut cycle, there will be a new round of bullishness in overseas urban investment bonds, so now is an excellent opportunity to allocate Chinese dollar bonds.
Li Heng, founder of Lanhu).
Winning the opportunity against the market - reshaping the non-performing asset model
When the economy is in a downward cycle, there is an asset that is usually not favored and tends to have a relatively high allocation value - non-performing assets.
Zhu Canhao, managing partner of China Commercial (Shanghai) Law Firm).
Usually based on the logic of contrarian investment, when the economy is in a downturn, it is at a low point**, and when the economy picks up, the fundamentals of non-performing assets turn good and sell at a high point. Zhu Canhao, managing partner of China Commercial (Shanghai) Law Firm, pointed out that the assets themselves do not matter whether they are good or bad, and the key is to look at the quality of the assets. The scale of non-performing assets of banks has reached 3 trillion yuan for several consecutive years, and in the current economic downturn, many relatively high-quality non-performing assets of real estate bonds are significantly undervalued and have high contrarian investment value.
How should a multi-stock manager press the track? Where is the point of breaking the game against the trend?
In the new year, in the face of the uncertain domestic market environment, how should the stock managers press the track? Where is the point of breaking the game against the trend?
Guqu ** partner Zhao Zhen).
114Zhao Zhen, a partner of Guqu, a long-only manager with an annualized rate of return of 5%, also said at the conference that the way to break the situation in the future of long-term series products may be to build a subjective long-only FOF, and smooth the fluctuations of the combination through all types of tracks, so that the subjective long-only strategy can also bring customers a good holding feeling.
Guqu ** partner Zhao Zhen).
Where is the way out for financial planners in 2024?
In the past two years, the large group of investment advisors and financial planners has been going downhill, and they have been thundering non-standard financial planners. The way out of the balance between the pressure of the financial planner and the company's KPI performance indicators in the third-party & brokerage business department, financial planners and the company's KPI performance indicators is **? In the case of a bad market environment, the road to breaking the situation of financial planners is **?
Beny believes that 2023 is the first year of the turning point of the wealth management market, and a large number of non-standard thunderstorms have made customers lose confidence in asset management, and the wealth industry has become extremely difficult.
The choice of products does not only depend on the level of revenue, but also the psychological expectations of customers, post-investment services and brand management of managers.
With the successful conclusion of the Global Asset Allocation Summit, Fangde once again demonstrated its leading position in the financial industry and its deep commitment to customers.
Through this forum, Fangde not only provided participants with cutting-edge knowledge and professional insights on global asset allocation, but also demonstrated its firm determination to serve middle and high net worth clients to the society.
In the future, Fangde will continue to focus on content, provide professional services for asset allocation of domestic and foreign high-net-worth clients, and integrate "wisdom" into "strategy" to meet the growing diversified needs of high-net-worth clients.