安联基金总经理郑宇尘2026年新春致辞

Core Viewpoint - The Chinese economy is expected to continue its steady growth trajectory, with a nominal GDP growth rate significantly rebounding in 2026, supported by domestic demand and structural reforms in the capital market [3][4]. Economic Performance - In 2025, China achieved a GDP growth target of 5.0%, marking a new milestone in total economic output [3]. - High-tech manufacturing and new energy sectors are rapidly emerging, contributing to the optimization of the industrial structure [3]. Capital Market Developments - The capital market is becoming a key area for wealth preservation and appreciation, replacing real estate as the primary focus for residents [4]. - The development of the capital market is aligned with national strategies, reflecting and sharing the achievements of the real economy [4]. - The ongoing reforms, including the registration system, are enhancing the quality of listed companies and expanding foreign capital access, which will further strengthen market resilience and vitality [4]. Investment Opportunities - A bullish market trend is anticipated in 2026, with corporate earnings expected to recover and investment opportunities emerging across various sectors, including technology innovation, green low-carbon initiatives, and high-end manufacturing [4]. - The integration of "long money" from insurance and pension funds into the market is expected to create a positive feedback loop with dividend-paying companies, enhancing market stability [4]. Internationalization and Long-term Strategy - The opening of the service and financial sectors, along with the internationalization of the RMB, will elevate the importance of RMB assets in the global market, comparable to USD and EUR assets [5]. - The company aims to adhere to a long-term investment philosophy, focusing on sustainable excess returns and adapting to diverse market cycles, while contributing to the high-quality development of the fund industry [5].