Core Viewpoint - The recent developments in China's cross-border investment tools, driven by regulatory changes, are providing domestic investors with a wider range of options for asset allocation [1] Group 1: Cross-Border Investment Tools - The variety of cross-border investment tools in China has expanded significantly, including traditional QDII funds and a growing number of QDII stock ETFs from various countries and sectors [1] - The introduction of diverse investment tools is deemed necessary for the domestic wealth management industry to adapt to long-term trends in capital markets [1] Group 2: Gold Assets and Capital Preservation - Gold assets are increasingly recognized as a vital component of capital preservation, potentially serving a role similar to fixed income assets in investment portfolios [1] Group 3: Hainan's Financial Platform Potential - The Hainan province's full island closure policy is seen as a potential catalyst for establishing a cross-border asset allocation financial platform [1] - Innovations such as the EF account (multi-functional free trade account) are expected to enhance the flexibility of capital flow and allocation [1] Group 4: Emerging Financial Needs - Hainan's unique natural environment and service industry foundation are attracting a significant number of retirees and pre-retirees, which may lead to new demands in areas like pension finance and wealth planning [1]

Core Viewpoint - The wealth management industry in China is transitioning from a single product sales model to a diversified, solution-oriented service model, driven by the increasing complexity of investment needs and the introduction of new financial products [1][3]. Group 1: Industry Trends - The variety of cross-border investment tools in China, such as QD funds and cross-border ETFs, is expanding, providing domestic investors with more diverse allocation options [1][3]. - The domestic fixed income asset yields are gradually declining, making it challenging for traditional fixed income products to meet long-term wealth goals like retirement and education [1][3]. - Global technological innovations, particularly in AI, large models, and renewable energy, are driving economic growth, presenting new investment opportunities [1][3][10]. Group 2: Wealth Management Strategies - Wealth management should not be limited to selling single fund products; it should offer diversified solutions based on individual life cycles and specific wealth planning needs [3][11]. - The introduction of more diversified investment tools is necessary for the domestic wealth management industry to adapt to changing market conditions [3][11]. - The role of gold as a capital preservation asset is increasing, potentially serving a function similar to fixed income assets in the future [3][11]. Group 3: Opportunities in Hainan - Hainan's policy of closing its borders is expected to create a significant platform for cross-border asset allocation, allowing for the introduction of overseas financial products that meet risk profiles [3][12]. - The unique natural environment and service industry foundation in Hainan are likely to attract a large number of retirees, creating new demands for retirement finance and wealth planning [3][12][13]. - The next three to five years will see the wealth management industry continue to evolve towards a client-centric, advisory service-oriented model, with Hainan playing a crucial role in enhancing financial tool supply and account flexibility [3][12][16].

"十五五"开局之年已然临近。 规划建议首度将"金融强国"写入，既标志着我国金融发展逻辑发生重大转变——从基础制度搭建转 入以"强国"为导向的质量提升与全球竞争力培育阶段，更对金融业发展提出更高要求。 正是在这样的历史节点，12月26日，以"财富管理助力中国式现代化青岛实践"为主题的2025青岛 财富论坛在青岛金家岭金融区如约而至。 本次论坛共设置一个主论坛和三个分论坛，紧扣建设金融强国目标，围绕金融"五篇大文章"，现场 数百位国内经济金融领域相关领导、业内知名专家学者齐聚，共探财富管理与国家战略同频共振的 实践路径。 01 发出"青岛声音"，洞察"十五五"前沿趋势 过去一年，全球经济格局波谲云诡，国内新旧动能转换稳步演进，传统模式面临艰难险阻，在多重 风险交织叠加下，金融业站在了转型的十字路口。 本届论坛上，各界嘉宾在延续往年以前瞻视角、权威声音纵论行业发展同时，还进一步强调与国 家"十五五"规划建议的融合，带来精彩的观点输出，以更加积极的姿态深入探讨财富管理助力中国 式现代化青岛实践的赋能路径与未来图景。 "随着我国社会财富总规模的逐步积累，中国经济增长的模式也需要逐渐从投资驱动向消费投资并重 转变，充分发 ...

专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。青岛大学正校级干部、青岛 财富管理研究院名誉院长白光昭出席并发言。 白光昭表示，经济有聚集规律，日常生活中能感受到小吃一条街、咖啡一条街、汽车4S店一条街等。 从大的产业看，国家布局也会有相应较大聚集区。从经济规律讲，聚集区有规模经济效应，在信息、人 才等资源交流、降低成本方面有天然优势。 他指出，相关企业、金融服务机构到聚集区内，1+1效应并非简单物理相加，几个机构聚集在一起，实 际会发生化学反应，产生聚集效应，这是普遍规律。在三亚、青岛等地建设聚集区，是符合天然自然经 济发展规律的。 他认为，海南全省封关后，在金融，特别是财富管理方面建设聚集区是有必要的，潜力很大。 新浪合作大平台期货开户 安全快捷有保障 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：王翔 专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。青岛大学正校级干部、青岛 财富管理研究院名誉院长白 ...

转自：推广 "十五五"开局之年已然临近。 规划建议首度将"金融强国"写入，既标志着我国金融发展逻辑发生重大转变——从基础制度搭建转入以"强国"为导向的质量提升与全球竞争力培育阶段， 也更对金融业发展提出新的更高要求。 正是在这样的历史节点，12月26日，以"财富管理助力中国式现代化青岛实践"为主题的2025青岛财富论坛在青岛金家岭金融区如约而至。 本次论坛共设置一个主论坛和三个分论坛，紧扣建设财富管理核心主线金融强国目标，围绕金融"五篇大文章"，现场数百位国内经济金融领域相关领导、 业内知名专家学者齐聚，共探财富管理与国家战略同频共振的实践路径。 发出"青岛声音" 洞察"十五五"前沿趋势 过去一年，全球经济格局波谲云诡，国内新旧动能转换任重道远稳步演进，传统模式面临艰难险阻，在多重风险交织叠加下，金融业站在了转型的十字路 口。 已连续举办11届的青岛财富论坛，作为青岛推进财富管理中心建设的重要平台和品牌活动，早已成为洞察金融业发展趋势的前沿平台窗口。 本届论坛上，各界嘉宾在延续往年以前瞻视角、权威声音纵论行业发展同时，还进一步强调与国家"十五五"规划建议的融合，带来精彩的观点输出，以更 加积极的姿态深入探讨财 ...

Core Viewpoint - The current global economic slowdown necessitates a diversified asset allocation strategy to achieve desired returns, as relying solely on one asset class is insufficient [3][7]. Group 1: Economic Context - Global economic growth is slowing, making it challenging for a single asset class to provide the required returns [3][7]. - China's government bond yields have decreased to levels of 1.8% and 1.7%, indicating a need for a balanced asset allocation to mitigate volatility [3][7]. Group 2: Asset Allocation Strategy - Bonds are identified as the ballast of an investment portfolio, especially with the Federal Reserve entering a rate-cutting cycle, which enhances the valuation appeal of investment-grade bonds [3][7]. - Stocks are viewed as the engine for portfolio growth, particularly in the context of rapid corporate growth driven by AI technology, with hard tech on the Sci-Tech Innovation Board being a significant growth driver [3][7]. Group 3: Commodity Investment Insights - In an environment of increasing global uncertainty, the value of commodities like gold as a risk-hedging tool is highlighted [3][7]. - Commodities such as copper and rare earths are expected to benefit from global investments in AI infrastructure, presenting a favorable outlook [3][7].

专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。国家金融监管总局政策研究 司原一级巡视员叶燕斐出席并演讲。 叶燕斐表示，海南所具备的区位优势、政策优势和营商环境优势，使其有条件成为中国跨境投融资的财 富管理中心。 叶燕斐表示，海南所具备的区位优势、政策优势和营商环境优势，使其有条件成为中国跨境投融资的财 富管理中心。 他指出，海南自由贸易港管理创新，首先要在服务国家对外开放大局的前提下，服务好海南自贸港的建 设的需要，结合实体经济的需要，把高质量的企业，高质量的资本引进来，让合规的资本流出去，促进 内外的畅通。 新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目 的，并不意味着赞同其观点或证实其描述。 责任编辑：王翔 专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。国家金融监管总局政策研究 司原一级巡视员叶燕斐出席并演讲。 责任编辑：王翔 他指出，海南自由贸易港管理创新，首先要在服务国家对外开放大局的前提下，服务好海南自贸港的建 设的需要，结合实体经济的需要， ...

人民财讯12月27日电，12月27日，国家金融监管总局政策研究司原一级巡视员叶燕斐在三亚.财经国际 论坛暨第五届三亚财富管理大会上表示，海南所具备的区位优势、政策优势和营商环境优势，使其有条 件成为中国跨境投融资的财富管理中心。在海南自由贸易港开展财富管理创新，首先要研究建立沙盒形 式的制度性试错空间，也需要加强与金融监管部门的双向交流互动，同时还需要金融的包容性监管支 持。 ...

对于青岛的财富管理发展，胡捷明确指出其拥有珍贵的"先发优势"。他认为，当前青岛正迎来两大机遇的"双轮驱动"：一是全国性的居民资产"调仓"所产生 的庞大市场需求，为财富管理行业整体创造了黄金发展期；二是以人工智能、区块链为代表的科技革命，正持续为财富管理提供新的工具、模式和想象空 间，如RWA（真实世界资产通证化）等创新领域值得密切关注。 胡捷建议，青岛应坚定"以客户为中心"的财富管理本质，在巩固先发优势的基础上，着力构建三大支撑：一是深度洞察国内客户真实需求，提供本土化、定 制化的解决方案，同时借鉴国际先进的法治化、专业化经验；二是大力推动科技与财富管理深度融合，鼓励运用科技手段提升服务效率、创新产品形态、管 理金融风险；三是持续优化软环境，在制度建设、政策配套、人才集聚、服务体验（如结合本地自然资源提供高端增值服务）等方面深耕细作，形成难以复 制的综合生态。 随着房产在居民财富中的占比下降，如何将存量资金引导至与宏观经济结构更匹配的金融资产，成为行业核心课题。 "调仓给财富管理带来了更大的机会，专业性要求更高，挑战其实也更大了。"胡捷认为，这要求金融机构不止提供产品，更需承担投资者教育、服务陪伴等 综合角色 ...

Core Insights - The 2025 Qingdao Wealth Forum focuses on "Wealth Management Supporting the Practice of Chinese-style Modernization in Qingdao" and is organized by the Qingdao Municipal Government and other local authorities [2] Group 1: Industry Transformation - The financial power strategy is driving deep changes in the wealth management industry [4] - Experts discussed the new paradigm of wealth management under the "14th Five-Year Plan," emphasizing the need for institutions to define their roles and avoid homogenized competition [4] - Institutions like private equity, insurance, and trusts should develop unique brand characteristics and targeted services to break the cycle of internal competition [4] Group 2: Technology and Investment Strategies - Technology is crucial for serving small investors, with tools like apps and robo-advisors enhancing efficiency, though a balanced view on technology's role is advised [4] - A notable investment strategy shared is the "barbell allocation" concept, highlighting concerns about artificial intelligence being a significant bubble, potentially larger than the 2008 financial crisis and the internet bubble [4] - Historical technological bubbles have led to major advancements, suggesting that current bubbles could similarly drive future progress [4] Group 3: Wealth Management Focus in Qingdao - Qingdao is recognized as the only pilot zone for financial reform focused on wealth management in mainland China, drawing attention to its unique characteristics [4] - The distinction between wealth management and asset management is emphasized, with the former needing to meet comprehensive client needs [4] Group 4: Advisory Services Development - There is a strong call for the development of buy-side advisory services in Qingdao, whether through intelligent or human advisors, to enhance client satisfaction [5] - The shift from product sales to a client-centered service model is necessary for Qingdao to align with modern asset management institutions like those in Switzerland [5] - Strengthening talent and artificial intelligence in buy-side advisory is deemed critical for establishing Qingdao as a wealth management center [5]