Group 1: Economic Policy and Market Stability - The Central Political Bureau of the Communist Party of China emphasized the need for more proactive fiscal policies and moderately loose monetary policies to support economic stability and growth [2][9] - The meeting highlighted the importance of a vibrant capital market, which is crucial for corporate financing, wealth growth, and macroeconomic stability [2][10] - The People's Bank of China is expected to implement a range of monetary policy tools, including potential interest rate cuts, to stimulate consumption and investment demand [3][9] Group 2: Economic Performance and Challenges - China's GDP growth rate for Q1 2025 was reported at 5.4% year-on-year, with a nominal growth rate of 4.6%, indicating a solid foundation for stable economic growth [4] - Despite external challenges, China's export performance remained robust in Q1 2025, with the impact of U.S. tariffs not yet significantly affecting trade [4][6] - The CF40 report indicated that while macroeconomic recovery is underway, challenges such as tariff impacts and declining fiscal revenues in Q2 2025 could pose risks [4][6] Group 3: Investment Opportunities and Risks - The investment landscape is characterized by both opportunities and risks, with the potential for market volatility due to ongoing global trade conflicts [7][10] - The real estate market's recovery is uncertain, with expectations for stabilization in 2024 and gradual improvement in 2025, influenced by policy effectiveness and market confidence [8][10] - The private equity market is showing resilience, but traditional investment strategies may need to adapt to the rapidly changing environment [12] Group 4: Strategic Investment Framework - The N.E.X.T matrix framework is proposed for restructuring investment strategies, focusing on necessary foundational research, evolutionary growth opportunities, cross-sector integration, and transformative societal impacts [13][14] - Key investment areas include life sciences, new materials, artificial intelligence applications, and innovative healthcare solutions, which are expected to drive long-term growth [13][14]

放眼当下，全球经济复苏之路崎岖坎坷，地缘政治冲突、贸易保护主义抬头，特朗普关税政策引发国际金融市场大幅震荡等因素相互交织；国内经济长期向 好的基本面未变，但经济结构转型、产业升级等依然带来阶段性挑战。站在时代经济浪潮的关键节点，投资者面临着更大的不确定性，每一次市场的细微波 动，都可能牵一发而动全身。 为了精准把握市场脉搏、顺应经济发展大势，普通投资者对于专业、精准且具前瞻性投资指引的需求愈发迫切。 4月16日，深耕会员服务领域多年的恒友汇，特邀中国银行首席研究员宗良博士，凭借深厚行业经验与敏锐市场洞察，全球首发《2025上半年宏观经济展望 及全球资产配置策略指引》（以下简称《全球指引》）。《全球指引》中详细梳理投资大环境，找到关键变量，提出 "权益（中国A股为主，美股适度参 与）>黄金>债券"为优先级方向的整体配置建议，帮助投资者在资产配置新时代实现资产稳健增长与合理配置。 在迈入成立14年的新阶段，恒友汇将秉持"风险适配"和"长期主义"的原则，站在全球的宏观视野，帮助投资人于变化中寻找确定性，在危机中发 掘新机遇，携手广大投资者穿越周期，实现财富保值增值。 近日，国际金价不断震荡上涨、美债因遭到抛售收益率 ...