重阳投资王庆：中国资产是对冲美国波动的天然工具，全球再平衡迎机遇

Group 1 - The core viewpoint is that there is a significant imbalance in global capital allocation, with excessive investment in the US market and insufficient investment in the Chinese market, which does not reflect the actual economic strength of both countries [1][2] - Wang Qing, Chairman and Chief Economist of Chongyang Investment, emphasizes that both China and the US are leaders in economic strength and technological innovation, yet the financial market asset allocation does not mirror this reality [1] - The current allocation discrepancy creates a structural opportunity for global capital flow, as a potential shift in the US economy or capital market could lead to a reallocation of funds towards the undervalued Chinese market [1][2] Group 2 - The anticipated shift in global capital from the over-allocated US market to the under-allocated Chinese market represents a historic development opportunity for China's capital market [2] - This rebalancing of global funds is expected to lead to a more reasonable pricing of Chinese assets and further enhance the functionality of the capital market [2] - The reallocation of funds will not only drive the value reassessment of Chinese assets but also provide crucial financial support for the high-quality development of the Chinese economy [2]