全球经济展望及投资策略

Global Economic Outlook - The global economy is at a critical inflection point with the Federal Reserve restarting its interest rate cut cycle[10] - Geopolitical tensions, tech rivalries, and tightening U.S. fiscal conditions are significant challenges[10] - Risk assets are experiencing increased volatility due to stretched valuations[10] China Economic Insights - China's economy is navigating through complex environments, achieving steady growth under the "14th Five-Year Plan"[10] - The "15th Five-Year Plan" will further unleash China's economic potential through industrial upgrades and technological innovation[11] - Hong Kong's capital market has shown robust recovery, with the Hang Seng Index leading global performance and IPO fundraising reclaiming the top position[10] Investment Strategy - Hong Kong is positioned as a key gateway for global capital allocation into Chinese assets, enhancing its role as a "super-connector" and "super value-adder"[11] - The convergence of internal and external forces will spotlight China's strategic advantage in value investing[11] - The ongoing capital market reforms and expansion of interconnection programs will bolster Hong Kong's financial market status[11]