CIC Corporation Ju Weimin: Wealth management must find certainty in uncertainty

[Dahe Daily · Dahecai Cube] (Reporter Xu Bing) On September 24, the Global Wealth Management Forum 2022 Autumn Summit was held online. The theme of this summit was "Finding Determination under uncertainty". The general manager of China Investment Corporation, Ju Weimin, expressed its own views on the uncertain interpretation and response of the world.

At present, the century -old changes and century epidemic are overlapping, and the global economic and financial situation has increased significantly and unstable. Ju Weimin believes that the specific manifestation is that one is that the global macro situation is more complicated and severe, and the risk factors, inflation levels and interest rate hikes are rare; the second is that the international financial market is becoming more turbulent and vulnerable; the third is how difficult the policies of various countries are facing; Fourth, non -traditional risks such as climate change, differentiation of rich and poor, geopolitics and information technology are superimposed.

It is not sure to bring challenges and also give birth to change. Ju Weimin believes that at present, the global science and technology and industrial revolution accelerates, and the global economy is in a critical period of new and old kinetic energy conversion and structural adjustment, breeding new major investment opportunities. For example, the continuous evolution of technological progress and industrial upgrading, the global industrial chain heavy structure has spawned new opportunities, green transformation and sustainable development are in the ascendant, and regional cooperation provides new platforms for international investment cooperation.

"Although the repeated impact of the epidemic affects the development of international trade and investment, it has also spawned a large number of new technologies, new formats, new scenes, and new models. The rise is booming. "Ju Weimin said that affected by factors such as protectionism and geopolitical impact, public safety risks, decentralized concentration and other factors will be fully considered in the industrial chain. The key industries and key links may have a diversified, regional, and localized tendency.

In recent years, major economies have launched green transformation and sustainable investment plans, and major investment institutions around the world have also focused on adjusting investment directions in the fields of clean transportation, green finance, green technology and other fields, and continuously expanding investment borders in industries such as energy transformation and green environmental protection. At the same time, with the expansion of global economic governance deficit, the international financial credit foundation has been damaged, which has caused regional cooperation to be greaterly favored, bringing new support for international investment cooperation.

In this context, how should the wealth management industry be adjusted? Ju Weimin believes that first is to adhere to the concept of long -term investment. Since the 21st century, after a series of market turmoil, such as the international financial crisis, the European debt crisis, and the impact of the epidemic, more and more institutional investors have accepted and actively practiced the concept of long -term investment. From 2017 to 2021, the investment holdings of sovereign investment institutions have increased from 6.9 years to 9.7 years, and the preference for obtaining long -term stable returns is even more obvious.

The second is to optimize the asset allocation structure. Faced with the new investment environment, the return of public market assets such as traditional stock bonds has declined, and alternative assets, mainly private equity and physical assets, are becoming more and more valued. Under the new situation of the inflation center, it is expected that alternative assets will continue to be sought after.

The third is to seize the theme investment opportunities of emerging fields. With the continuous deepening of industrial upgrading and structural adjustment, the relevant industry theme investment prospects are good. In the fields of technology, medical care, new materials, new infrastructure, companies with good growth still have long -term investment value.

The fourth is to actively pay attention to sustainable investment. More and more international investment institutions put the concept of sustainable investment into action, tailor -made and innovative sustainable investment standards and strategies, and lead the sustainable investment practice. At present, 33 sovereign investment institutions worldwide have added sustainable development factors in the investment management framework, and the investment in the field of renewable energy has exceeded $ 75 billion.

Responsible editor: Wang Shidan | Audit: Li Zhen | Director: Wan Junwei

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