Group 1 - The global financial market in 2025 is characterized by significant changes, with gold emerging as a key asset due to rising geopolitical risks and challenges to the dollar's credit system [1][3] - International gold prices have reached historical highs over fifty times in the year, with London gold experiencing a remarkable annual increase of 64.56%, establishing its status as a core strategic asset [1][3] - The rise of gold is rooted in deep changes in the global economy and monetary order, with U.S. government debt at high levels and the dollar's share in global foreign exchange reserves dropping to a nearly 30-year low [3] Group 2 - The China Banking Corporation has shown exceptional foresight in its assessment of gold trends, consistently advocating for gold as a strategic asset since 2023, leading to cumulative investor returns of nearly 150% by the end of 2025 [4] - The 2025 Personal Financial Global Asset Allocation White Paper accurately predicted trends in the A-share market, RMB exchange rate, and bond market, confirming the bank's professional insights [5] - The report indicated that the A-share market would experience a slow bull pattern, with trading volume exceeding 420 trillion yuan and margin financing balances rising to 2.5 trillion yuan [5] Group 3 - The latest 2026 Personal Financial Global Asset Allocation White Paper provides clear guidance for asset allocation, prioritizing precious metals, non-ferrous metals, equities, and bonds [6] - Gold is expected to maintain its long-term potential for new highs, while the A-share market is anticipated to benefit from global easing and domestic capital inflows [6] - The report forecasts that the RMB exchange rate will continue to exhibit two-way fluctuations, and the yield on 10-year government bonds is expected to stabilize between 1.6% and 1.9% [6] Group 4 - The China Banking Corporation emphasizes a long-term investment philosophy, utilizing professional research and scientific methods to help clients build resilient asset portfolios that can withstand market cycles [7] - The bank aims to guide investors in seizing global asset opportunities through systematic and disciplined asset allocation strategies [7]
2026年股、汇、债、金如何演绎？中行白皮书给出全景答案