Core Viewpoint - The "Global Vision of Wealth Management" forum and the fifth anniversary celebration of Huihua Wealth Management were held in Shanghai, highlighting the company's growth and future direction in the wealth management industry [1]. Group 1: Company Development - Huihua Wealth Management has evolved from a "gorgeous opening" to experiencing "changes in the wind and clouds," ultimately achieving a "transformation" and is now focused on "global allocation, diversified enhancement, and professional standing" [4][5]. - The company, established as a joint venture between France's Amundi and Bank of China, began in a favorable market environment in 2021 but has adapted to low-interest rates and market volatility by implementing a top-down absolute return investment framework and a new product system [5][10]. - Huihua Wealth Management's asset management scale has doubled this year, with significant product yield improvements, and the compliance rate of fixed income + products is nearing full marks, demonstrating the effectiveness of its absolute return product system [5][10]. Group 2: Investment Strategy - The key to Huihua Wealth Management's transformation is diversification, having developed a comprehensive, multi-currency absolute return product system, including the "Time Friend" series and the "Wealth Lighthouse" series, which have outperformed industry averages [10]. - The company has achieved annualized returns of 3.23% and 2.7% for its RMB fixed income + and pure fixed income products, respectively, and has surpassed index returns by over 100 basis points in domestic fixed income investments [10]. - The firm emphasizes global diversification as essential for enhancing returns, noting that a ten-year investment in A-shares yielded only 1.7% annualized returns, while a diversified global equity allocation achieved 10.76% [16]. Group 3: Future Outlook - Looking ahead, Huihua Wealth Management aims to focus on "international vision, innovative leadership, and steady progress," prioritizing investment-driven product design over mere scale growth [17]. - The company plans to leverage its international perspective to enhance investment performance and service solutions, contributing to Shanghai's development as an international financial center [17]. - Huihua Wealth Management intends to maintain a conservative approach during unfavorable market conditions while seizing investment opportunities when they arise, aiming for sustainable growth and a solid reputation among clients [17].

Core Viewpoint - The article emphasizes the proactive approach of Huihua Wealth Management in navigating the challenges posed by declining interest rates and the resulting "asset scarcity" in the asset management industry, highlighting the company's confidence in the long-term prospects of China's wealth management sector and its mature investment management system [2][3]. Group 1: Company Overview - Huihua Wealth Management has surpassed an asset management scale of 30 billion RMB, showing significant growth since the beginning of the year [3]. - The company focuses on "absolute return" as a key characteristic of its banking wealth management products, which is driven by the client base's preference for target returns and performance benchmarks [3][4]. Group 2: Investment Strategy - The company prioritizes "investment-driven product design," distinguishing itself from competitors that rely on liabilities and channels [3]. - Huihua Wealth Management emphasizes global asset allocation as a critical strategy to achieve absolute returns, moving beyond traditional single-market strategies [4][5]. Group 3: Product Development - The company plans to launch a new product system called "Global Navigator" in 2024, focusing on absolute returns and global diversification, with products tailored to different risk preferences [5]. - The "Trend Guide" series of products aims to provide diversified strategies that mitigate the volatility typically associated with equity assets [5]. Group 4: Global and Local Integration - As the first foreign-controlled joint venture wealth management company in China, Huihua Wealth Management leverages its foreign parent company's expertise while adapting to local market needs [6]. - The company combines global investment strategies with local insights, ensuring that its offerings are tailored to the unique characteristics of the Chinese market [6]. Group 5: Future Outlook - The company anticipates a golden era for China's wealth management market over the next 20 years, positioning itself to capitalize on the opportunities presented to joint venture wealth management firms [7].