超配中国股票！渣打银行最新投资布局

Core Viewpoint - Standard Chartered Bank's Wealth Solutions Department released the "2026 Global Market Outlook," emphasizing the potential for a soft landing in the U.S. economy and the expected performance of risk assets due to easing global trade tensions and advancements in artificial intelligence [1]. Group 1: Investment Strategy - The bank recommends investors to overweight stocks and gold in their core investment portfolios, with a focus on technology, healthcare, and telecommunications sectors in China [1]. - Standard Chartered expects risk assets to outperform in 2026, suggesting a diversified investment approach across various asset classes due to market differentiation [3]. Group 2: Regional Focus - The bank continues to favor Chinese stocks, anticipating benefits from improved corporate governance and targeted policy support for technology and innovation [3]. - It is projected that China may implement decisive and targeted stimulus measures in 2026, particularly in line with the "14th Five-Year Plan" aimed at enhancing investment in advanced technologies [3]. Group 3: Fixed Income and Currency Outlook - Standard Chartered views global bonds as core holdings, preferring government bonds over corporate bonds due to attractive nominal yields [5]. - The bank is overweight on emerging market government bonds, benefiting from moderate inflation and favorable monetary policies, while underweight on developed market corporate bonds [6]. - In the currency market, the bank anticipates the U.S. dollar to maintain strength in the short term but expects structural support to weaken over the next 12 months [6]. Group 4: Commodity Insights - Standard Chartered maintains an overweight position on gold, with target prices of $4,350 and $4,800 per ounce for the next 3 and 12 months, respectively, driven by ongoing demand from emerging market central banks [6]. - The bank forecasts oil prices to stabilize around $61 per barrel in the next 3 months and $60 per barrel in the next 12 months, with supply surplus limiting potential price spikes from geopolitical risks [6].