Family Office Highlights - Forbes China and Meichuan Thinking have launched the "2025 Forbes China Family Asset Manager Selection" to promote family culture and asset management significance, showcasing excellence in family asset management [8] - The National Financial Regulatory Administration plans to revise the "Trust Company Management Measures" and establish "Asset Management Trust Management Measures" in 2025, signaling significant changes in the trust industry [9] Macro Focus - The Central Political Bureau of the Communist Party of China emphasized the need to stabilize the real estate market and capital markets, implementing measures to address local government debt and enhance housing supply [12] - The Ministry of Industry and Information Technology is focused on expanding effective investment in manufacturing and stimulating private investment to support industrial growth [13] Investment Insights - New fund issuance in 2025 has exceeded 300 billion yuan, with equity funds accounting for nearly half of the total [17] - JPMorgan predicts that international gold prices may exceed $4,000 per ounce by Q2 2026, driven by economic recession risks and strong central bank demand [17] - High-profile executives, including Mark Zuckerberg, have sold significant amounts of company stock, with Zuckerberg selling 1.1 million shares of Meta for approximately 7.33 billion yuan [18][19] Corporate News - Cantor, in collaboration with Tether and SoftBank, is establishing a cryptocurrency platform with nearly $3 billion in funding [21] - Tesla's new car sales in Europe fell by 45% year-on-year in Q1 2025, amid a broader decline in traditional fuel vehicle registrations [22][23] - Elon Musk's xAI is negotiating to raise about $20 billion, potentially valuing the company at over $120 billion [23] - Apple and Meta were fined a total of 700 million euros by the EU for violating the Digital Markets Act [24] Global Perspective - Japanese institutions sold over $21.1 billion in foreign bonds in the first two weeks of April, marking one of the largest sell-offs since 2005 [26] - The Norwegian Sovereign Wealth Fund reported a loss of approximately $39.7 billion in Q1 2025, primarily due to volatility in the tech sector [27]