2025年陆家嘴论坛解读：不惧新挑战，以开放求破局

Group 1: Economic Outlook - The internationalization of the RMB is accelerating, supported by a resilient Chinese economy and financial opening policies[9] - The global asset pricing power is undergoing systemic changes, enhancing the risk-hedging attributes of RMB assets, which will attract more international capital[9] - The continuous influx of patient capital will stabilize the capital market and enhance long-term returns for investors[2] Group 2: Market Dynamics - The growth of patient capital, including social security funds and insurance capital, will shift market focus from short-term to long-term investments[9] - The listing and development of high-quality tech enterprises will further improve asset quality and strengthen market investment value[9] - The implementation of policies to support the internationalization of the RMB, such as cross-border payment infrastructure and digital RMB innovations, is ongoing[9] Group 3: Risks and Challenges - Uncertainties in U.S. economic policies may impact the global economic landscape and the status of the dollar[10] - Geopolitical instability poses risks to global supply chains, potentially affecting the pace of RMB internationalization[10]