21世纪经济报道记者 孙迟悦 香港报道 7月14日，在"2025第三季度星展银行投资总监办公室洞察"发布会上，星展银行首席投资总监侯伟福表 示，星展银行在2025年内持续看好另类资产投资市场，尤其是黄金市场和收益型私募资产市场，并将 2024年第四季度黄金的目标价格定为3765美元/盎司。 据新华社消息，美国总统特朗普在美国时间7月7日表示，将从8月1日起分别对来自日本、韩国等14个国 家的进口产品征收25%至40%不等的关税。在新的关税举措出台前，7月8日凌晨，伦敦现货黄金价格一 度跌破3300美元/盎司，较4月下旬的历史高点下跌约200美元。 截至7月14日17时，黄金价格有所回升，现货价格报3365美元/盎司。 全球央行仍持续加仓黄金，7月4日，世界黄金协会发布最新数据显示，5月份全球央行净购入20吨黄 金。7月7日，中国国家外汇管理局发布数据显示，截至6月底，中国官方黄金储备为7390万盎司，对比5 月数据增加了7万盎司。 据悉，此前，美国亚特兰大联储2025年第一季度GDP预测曾由-1.5%跌至-2.8%，而在2025年的第二季 度，美国亚特兰大联储GDP预测调整至2.6%。 侯伟福表示，鉴于投资者 ...

Core Insights - ESR Group has made significant progress in its transformation strategy, focusing on logistics real estate, data centers, and infrastructure to achieve sustainable growth [3][4] - The company aims to optimize its balance sheet and streamline operations through the "One ESR" initiative, enhancing overall business resilience [3][4] - As of the end of 2024, ESR's total assets under management related to management fee income reached $71.4 billion, with approximately 60% coming from new economy businesses [3][4] Financial Performance - ESR raised $5.4 billion in funding in 2024, demonstrating investor confidence in a challenging financing environment, with over 75% of the total financing coming from core business contributions [3][4] - The company successfully broadened its investor base, raising $2.3 billion from new investors, accounting for 42% of the total fundraising [3][4] Asset Management and Sales - ESR completed over $1 billion in asset joint sales, including seed assets injected into the newly listed ESR C-REIT, with an additional $2.7 billion in assets earmarked for future sales [3][4] Market Position and Growth Strategy - ESR maintains one of the largest development project reserves in the Asia-Pacific region, valued at approximately $11.4 billion, enabling strategic space and investment solutions in large-scale logistics and data centers [4][5] - The company is accelerating its data center strategy, including the completion of the ESR Cosmosquare OS1 data center and a joint venture with CloudHQ [4][6] Operational Highlights - ESR's new economy asset portfolio has a rental occupancy rate of 87%, supported by the stabilization of large assets across multiple markets [5] - The weighted average rental growth rate increased to 12.6%, with Australia, New Zealand, and South Korea experiencing strong rental growth rates of approximately 26% and 27.9% respectively [5] Infrastructure Development - ESR has initiated 375 MW of construction projects in its data center business, with the first completed asset, OS1, part of a strategy to provide over 2 GW of secured land and power pipelines [6] - The company is actively building an infrastructure platform to offer investment solutions supported by assets, companies, or platform equity, focusing on decarbonization, data transmission, and supply chain efficiency [6] Long-term Vision - In the context of digital and low-carbon transformation, ESR's strategy in logistics real estate, data centers, and infrastructure lays the foundation for sustainable growth [7] - The company is committed to creating long-term sustainable value by strengthening its financial position, expanding its capital partner base, and reinvesting capital into growth opportunities [7]