香港交易所董事总经理巴曙松:全球原有的经济增长模式已无法持续 资产配置基本逻辑发生改变
Zheng Quan Shi Bao Wang·2025-10-22 03:53

Group 1 - The core viewpoint presented by the Hong Kong Stock Exchange's Chief China Economist, Ba Shusong, is that the traditional economic growth model is no longer sustainable, leading to a shift in asset allocation logic [1] - Ba Shusong anticipates a slowdown in global economic growth and a continuous decline in traditional asset returns, making it increasingly difficult for investors to achieve their return objectives solely through beta returns [1] - There is a rising trend in the proportion of actively managed funds globally, indicating that investors are increasingly pursuing alpha returns in the new market environment, particularly evident in the alternative asset sector [1]