降息周期重启，多元配置应对多变环境。 日前，汇丰私人银行及财富管理中国首席投资总监匡正发表最新全球投资展望时指出，随着美联储降息周期重启，汇丰 重申跨资产类别、跨行业和跨地区的多元化配置，以应对多变环境，提升投资组合的韧性。 汇丰方面指出，美联储重启降息周期的举措，或在未来几个月压低美元现金利率和债券收益率，持有现金资产的机会成 本或将上升。因此，汇丰再次强调布局优质债券，为美联储新一轮降息做好准备。 "一方面，在美元现金利率进一步下跌之前锁定当前较高的收益率，优化组合潜在收益并布局潜在机遇。另一方面，美国 经济增长放缓使股债相关度下降，使债券成为分散投资组合风险的重要工具，同时也能够较好地应对经济增长放缓的风 险。"匡正表示。 此外，汇丰看好英国国债，以及欧元和英镑的投资级别债券，以对冲下行风险，同时对美国国债保持中性观点。同时， 匡正表示，汇丰继续对环球投资级别债券持温和偏高观点，并青睐高质量美元投资级债，"久期方面，考虑到收益率曲线 在长久期更为陡峭，我们重点关注7～10年久期债券的布局机遇。" 对于黄金，汇丰持继续看好的态度，以对冲全球政策、经济增长和地缘政治的不确定性，并以基础建设及可再生能源等 另 ...

Core Viewpoint - The stock of 伟仕佳杰 (00856) has seen a price increase of over 3% during trading, currently at 9.29 HKD with a trading volume of 86.90 million HKD, indicating positive market sentiment towards the company [1] Group 1: Business Performance - 天风证券 (601162) reports that 伟仕佳杰's Southeast Asia operations have diversified across nine countries, including Thailand, Singapore, the Philippines, and Malaysia, focusing on GPU, AI infrastructure, and consumer electronics [1] - The projected revenue for the region in 2024 is expected to increase significantly by 74% year-on-year, with net profit contribution estimated at around 51% [1] Group 2: Growth Drivers - The company is anticipated to benefit from three main drivers: rapid global demand for computing power, accelerated channel expansion in Southeast Asia, and the implementation of new directions such as electric vehicles and cross-border payments [1] - Forecasted net profit for the company from 2025 to 2027 is projected to be 1.251 billion, 1.532 billion, and 1.883 billion CNY, respectively, with growth rates of 30%, 22.4%, and 22.9% [1] Group 3: Valuation Outlook - Given the sustained high growth in global computing power, the accelerated digital infrastructure in Southeast Asia, and the successful diversification of the company's business, the current valuation is believed to have significant upside potential [1]

Group 1: Core Insights - EVIDENT Group, a Hong Kong fintech company, is expanding its operations in the UAE by partnering with Zand Bank to integrate product data [1][3] - The UAE is undergoing significant transformation, focusing on building digital infrastructure based on cryptocurrencies and blockchain systems [1][2] - The importance of establishing strong relationships with local government and partners is emphasized for fintech companies entering the Middle East market [2][7] Group 2: Company Activities - EVIDENT provides a digital platform for alternative investment opportunities, including private equity, infrastructure investments, and private credit [3] - CertiK HK, another company involved in the UAE visit, offers security compliance services for virtual assets and has established a friendly regulatory framework in the region [4][5] - OneInfinity has successfully captured 40% of the market share in the UAE by providing digital asset security products [8] Group 3: Cultural and Regulatory Considerations - Understanding local culture and regulations is crucial for fintech companies, as certain financial products may not be suitable for the UAE market [10][11] - The complexity of local laws requires foreign companies to obtain various licenses from different regulatory bodies to conduct onshore business [11] - The UAE's strategy aims to enhance its economic strength through high-value services, positioning itself as a global hub connecting East and West [12]