证券时报记者 李颖超 "站在2026年新起点，全球市场正面临关键转折，地缘政治冲突、人工智能泡沫等话题备受关注。我们 预计，美元的结构性支撑将逐步减弱，而亚洲经济的韧性与改革红利正日益凸显。"渣打银行（中国） 有限公司（下称"渣打中国"）财富方案部总经理梁大伟在接受证券时报记者采访时如是说。 渣打中国财富方案部投资策略总监王昕杰也对证券时报记者表示，随着全球贸易紧张局势缓和、主要经 济体将推进宽松的财政和货币政策，加上人工智能蓬勃发展，预计风险资产将表现领先。 在上述报告中，渣打就认为风险资产将在2026年给出领先表现，不过在市场上升的同时也会有更为明显 的分化，投资者可在更广泛的资产类别中进行分散投资。面对增长动能转换与地缘格局重塑的双重变 奏，投资者更需要在不确定性中保持定力，在变化中前瞻布局。 证券时报记者了解到，渣打仍然超配中国股票，该机构认为定向的政策刺激以及与人工智能主题相关的 企业盈利增长强劲，将为中国经济提供强有力的支持。 渣打表示，中国在2026年可能推出更果断、有针对性的刺激措施，尤其是"十五五"规划建议重点提 出"加快先进技术的投资以提升自主能力和生产力"。 近日，渣打银行财富方案部发布 ...

近日，渣打银行财富方案部发布了《2026年全球市场展望》报告，主题为"浮沤危悬？多元布局！"。 "站在2026年新起点，全球市场正面临关键转折，地缘政治冲突、人工智能泡沫等话题备受关注。我们 预计，美元的结构性支撑将逐步减弱，而亚洲经济的韧性与改革红利正日益凸显。"渣打银行（中国） 有限公司（下称"渣打中国"）财富方案部总经理梁大伟在接受证券时报记者采访时如是说。 渣打中国财富方案部投资策略总监王昕杰也对证券时报记者表示，随着全球贸易紧张局势缓和、主要经 济体将推进宽松的财政和货币政策，加上人工智能蓬勃发展，预计风险资产将表现领先。 在上述报告中，渣打就认为风险资产将在2026年给出领先表现，不过在市场上升的同时也会有更为明显 的分化，投资者可在更广泛的资产类别中进行分散投资。面对增长动能转换与地缘格局重塑的双重变 奏，投资者更需要在不确定性中保持定力，在变化中前瞻布局。 在基础配置方面，渣打建议超配美国、印度和中国股票，新兴市场债以及黄金。其中，中国股票有望获 益于企业治理的改善，以及针对科技与创新的政策支持。 渣打表示，中国在2026年可能推出更果断、有针对性的刺激措施，尤其是"十五五"规划建议重点提 出 ...

Macro Outlook - Standard Chartered Bank's Wealth Solutions Division released the "Global Market Outlook for the Second Half of 2025," indicating that global central bank easing, a potential soft landing for the U.S. economy, and a weaker dollar are favorable for risk assets, maintaining a positive outlook on global equities [1] - The bank expects a weaker dollar to benefit the euro, pound, yen, and 5-7 year U.S. dollar bonds, while upgrading emerging market local currency debt to overweight [1] Investment Strategy - The Chief Investment Officer for North Asia at Standard Chartered, Zheng Zifeng, highlighted the current uncertain global investment environment, emphasizing the structural risks of "de-dollarization" and the influx of funds into emerging markets due to a weaker dollar [1] - The bank suggests that investors should diversify not only across asset classes but also geographically to maintain long-term superior returns [1] Fixed Income - Standard Chartered views the bond market as a core investment allocation, overweighting emerging market local currency government bonds while underweighting developed market investment-grade corporate bonds due to high valuations and risks associated with U.S. economic growth uncertainty [2] - The bank remains positive on emerging market Asian local currency bonds, UK government bonds (unhedged), and U.S. Treasury inflation-protected securities [2] Equities - The bank continues to overweight global equities, citing easing trade tensions and robust earnings growth, despite the impact of tariffs [2] - Asian (excluding Japan) equities have been upgraded to overweight, driven by a weaker dollar attracting more funds into emerging markets [2] Currency Outlook - Standard Chartered anticipates a weaker dollar over the next 6 to 12 months, with the euro and yen likely benefiting from this trend, while the pound shows resilience [2] Commodities - In the gold market, if Middle Eastern tensions are controlled, short-term upside for gold may be limited, but it remains an important strategic hedge [3] - The bank raised its 3-month gold price forecast to $3,400 while maintaining a 12-month forecast of $3,500 [3] - For oil, Standard Chartered expects prices to stabilize around $65 per barrel in the next 3 to 12 months, with geopolitical risks potentially causing short-term spikes [3]