Core Viewpoint - The article emphasizes the importance of investing in global equity markets to overcome limitations posed by local economic cycles and geopolitical risks, highlighting the potential for long-term stable returns through diversified investments across different economies [2][18]. Group 1: Investment Rationale - Investing in global equity markets allows for capturing differentiated growth opportunities across regions, mitigating risks associated with concentrated local markets [2]. - The global equity market encompasses a broader range of high-quality companies with global competitiveness, providing a solid foundation for long-term wealth preservation and appreciation [2]. Group 2: Key Investment Metrics - Valuation is a critical metric for assessing asset price versus intrinsic value, particularly in global asset allocation, serving as a tool for identifying quality targets and comparing market attractiveness [4]. - Current valuations indicate that indices such as the Hang Seng Index, Korea Composite Index, and Shanghai Composite Index are still at relatively low levels compared to major global capital markets [4]. - Dividend yield is a key indicator of a company's profitability and market risk resilience, with higher yields suggesting robust cash flow and strong business models [8]. - Markets such as France, Hong Kong, and Germany currently exhibit higher dividend yields, making them attractive for global investors [8]. - Return on Equity (ROE) is highlighted as a vital measure of a company's profitability, with firms maintaining ROE above industry averages demonstrating stronger risk resilience and potential for long-term capital gains [12]. - Economic growth of the underlying economy is crucial, as it directly impacts corporate revenue expansion and the long-term appreciation potential of equity assets [13]. Group 3: Economic Context - The International Monetary Fund (IMF) projects that the United States will lead global GDP rankings in 2024, followed by China, with China's GDP reaching approximately $18.94 trillion [14]. - The article outlines the importance of investing in economies with strong growth momentum and healthy structures to maximize profit-sharing opportunities while minimizing risks associated with economic stagnation [16]. Group 4: Industry Initiatives - A series of activities aimed at promoting high-quality development in the public fund industry has been launched in Beijing, focusing on investor education and enhancing the industry's service capabilities to the real economy [18].