中国市场多重优势吸引国际资本持续流入——专访安联基金总经理沈良

Core Viewpoint - Allianz Global Investors has officially launched its wholly-owned public fund company in China, marking a new phase in its long-term strategic layout in the Chinese market [2][3]. Group 1: Long-term Confidence in the Chinese Market - Allianz Group has been deeply engaged in the Chinese market for over 30 years, evolving from insurance to a comprehensive financial service system [3]. - The establishment of the public fund is driven by the growing wealth of Chinese households and their increasing demand for investment products and services [3]. - The shift in asset allocation among Chinese families, with a decline in deposits and real estate investments, presents significant opportunities for capital markets [3]. Group 2: Strategic Goals of Allianz Fund - The company aims to build a comprehensive product line covering fixed income, equity, and overseas products within one to two years [4]. - Allianz Fund emphasizes a strong investment capability based on three principles: explainable, predictable, and sustainable investment outcomes [4]. - The focus has shifted from merely selling products to providing tailored investment solutions for clients [4]. Group 3: Global Methodology and Local Practice - Allianz Fund combines global investment philosophies with local market insights, establishing a localized research system to address the unique needs of Chinese clients [4]. - The company has been a pioneer in ESG sustainable investment since 1999 and plans to adapt this framework to fit the Chinese market [5]. - The personal pension market in China, currently valued at approximately 400 billion yuan, presents a significant growth opportunity compared to the 20 trillion USD market in the U.S. [5]. Group 4: Changing Attractiveness of Chinese Assets - Recent shifts in global capital flows have renewed international interest in the investment value of the Chinese market [6]. - The focus of foreign investors has shifted from traditional sectors like infrastructure and real estate to high-end manufacturing, new energy, and consumption upgrades [7]. - Improvements in the policy environment and the current low valuation of A-shares enhance the attractiveness of the Chinese market for international investors [7].