On December 20, the Ping An Private Bank 2022 Annual Summit was held in Sanya, Hainan with the theme of "Ping An Heirloom, Watching the Prosperity of the Family and the Country".
At the summit site, more than 300 entrepreneurs and big names in the financial, economic, and cultural circles shared and exchanged topics such as macro trends, investment highlights, family inheritance, and spiritual growth.
When it comes to the outlook for the macro economy in 2023, especially the outlook for the capital market industry, the participating experts showed full confidence.
Economic recovery hits the fast-forward button
In 2022, due to the impact of the new crown epidemic and other factors, the global economy will face uncertainties.
However, with the continuous adjustment and optimization of domestic epidemic prevention and control policies and the introduction of a series of economic recovery measures, China's economic recovery has pressed the fast-forward button.
Sun Fangtao, Assistant President of Ping An Bank, delivered a speech
Sun Fangtao, assistant to the president of Ping An Bank, said in his speech that the whole society is now showing a vicissitudes of renewal, and all sectors of society have taken active actions. "Sending dozens of emails is worse than meeting in person. Give full play to the comprehensive financial advantages of Ping An Group, better serve customers, and serve the real economy more accurately."
Hong Shuai, President of Ping An Private Bank, delivered a speech
Hong Shuai, President of Ping An Private Bank, said in his speech that the recent Central Economic Work Conference has set the focus of economic work in 2023, and the series of policies introduced are also exciting.
Ping An Private Bank jointly held this summit with many partners, inviting experts from various fields to share their observations and thoughts, hoping to help everyone better grasp the future; and it is the first domestic private banking business system to launch a Ping An family office service to satisfy customers " The comprehensive needs of individuals, families, and enterprises.
Wang Lin, Chief Economist of Zhenghe Island
In his speech, Wang Lin, Chief Economist of Zhenghe Island, specifically mentioned the important role of boosting the high-quality development of the private economy and expanding domestic demand for economic recovery.
"How to grow in 2023? Domestic demand is given top priority."
"In addition, the state emphasizes the importance of supporting the development of the private economy, which forms the basis for economic recovery," Wang Lin said.
Five front-line senior practitioners from institutions such as bonds and funds also expressed optimism about the economic situation in 2023, especially the prospects of the capital market.
round table dialogue
Yang Aibin, the founder and general manager of Pengyang Fund, believes that the uncertainties brought about by various aspects are weakening, and everything is developing for the better.
Ren Junzhao, a partner of Dachen Caizhi, believes, "We will usher in a very good investment window in the next ten years. I am full of confidence in the primary market I am engaged in."
Mao Beili, general manager of Aberdeen Group China, paid attention to the statement of the Central Economic Work Conference on continuing to implement a prudent monetary policy and boosting domestic demand.
She believes that this will provide important support for the continued recovery of the Chinese economy.
Zhao Jun, founder and chairman of Danshuiquan, believes that the global attractiveness of Chinese assets will be systematically improved in 2023.
Deng Xiaofeng, chief investment officer of Gao Yi Assets, believes that looking forward to next year, especially after the Spring Festival, China's economy will enter a normal development track, and the internal vitality brought about by it will gradually emerge.
Which tracks have more "money" scene?
Howard Marks, a guest at the summit, co-founder and co-chairman of Oaktree Capital, expressed his views from an international perspective on how to view market investment opportunities in 2023.
He believes that the current global economic environment is generally positive and the capital environment is relaxed, and it is time to start planning investment now.
"Fed rates are currently at historically mid-range levels, and that level is generating solid returns for most asset classes. There could be further rate hikes, which could lead to better buying opportunities, but I don't think the magnitude of the move will Too big, (now) is a good time to buy investment targets at a discount."
Shared by Howard Marks
The guests also expressed their views on more specific investment opportunities such as the stock market.
Zhao Jun believes that in the first half of 2023, assets related to consumption and services will show a structural basis.
As the economy continues to recover and large and medium-sized enterprises resume production and work in an all-round way, systemic opportunities in the market will emerge.
Deng Xiaofeng believes that the recovery of upstream cyclical industry demand and the structural growth of the industrial chain will open a new round of investment-driven performance.
Regarding the bond market, Yang Aibin believes that the market is relatively optimistic in the short term of 3 to 6 months, that is, the first half of 2023, but it is prudent to hold it in the medium term of 6 months to 1 year.
Ren Junzhao believes that in the longer term, the digital revolution and technological change promote economic development, and technological innovations such as new energy vehicles, artificial intelligence, and digital infrastructure construction are areas of focus for medium and long-term investors.
In addition, security-related supply chain security, energy security, etc. are also very deterministic investment opportunities.
Mao Beili said that in the foreseeable two or three quarters in the future, China's domestic demand will be further strengthened, consumption scenarios will be more abundant, and people's willingness to consume will appear. This is a relatively good opportunity.
"In addition, we are also very optimistic about the digital technology sector related to semiconductors, data security, 5G, etc."
Helping the development of the real economy and safe private banking in action
According to reports, Oaktree Capital, KKR, PIMCO, Danshuiquan, Gao Yi Assets, Pengyang Fund and other institutions participating in the summit are all partners of Ping An Private Bank.
Product and asset allocation is the basis for helping customers maintain and increase their wealth. Ping An Private Bank creates an open product shelf, insists on product selection, and continues to introduce leading institutions from around the world.
In addition to wealth management for customers, Ping An Private Bank also attaches importance to providing customers with enterprise-side services to help the development of the real economy.
Ping An Private Bank launched the first domestic top-level private banking service system this year. In terms of enterprise service upgrades, Ping An Private Bank adheres to serving entity enterprises as the orientation, targeting corporate directors, supervisors, core employees and corporate The operation launched a one-stop comprehensive financial plan, including employee incentives, corporate directors, supervisors, senior investment and financing, corporate governance digital platforms and other services.
At a time when the industry still generally focuses on customers' personal wealth management, Ping An Private Bank is the first in the industry to provide a systematic corporate-end comprehensive financial solution, which is also an important pioneering practice in the practice of financial service entities.
At the same time, through enterprise-level services, Ping An Group's comprehensive financial advantages can be fully utilized.
At the summit site on the 20th, Hong Shuai further stated that Ping An Private Bank will continue to be a solid backing and caring partner for everyone, and create a five-hearted service, that is, to bring peace of mind to wealth preservation and appreciation through professional asset allocation, and to bring peace of mind to wealth preservation and appreciation with warm medical care. Nurturing rights bring comfort to the health of family members, realize the kindness of customers with philanthropic planning, make customers feel at ease about the development of enterprises with comprehensive comprehensive financial services, and make customers feel at ease about family inheritance with comprehensive family office services.