China's Financing Market Has Huge Room For Development.

The 2015 is a year of great differentiation. The developed countries have entered the post crisis era, and the Chinese economy has entered a new normal. The most obvious feature is the slowdown in economic growth. Under such a big trend, we foresee that all countries in 2016 will be transformed in differentiation.

Differentiation will generate investment opportunities. Now the global economy has two bright spots: one is China and the other is India. China's economic growth rate continues to slow down, and the third industry has replaced the second industry as a new growth point. The internationalization of RMB is irresistible. In this process, the exchange rate of RMB and US dollar will enter a process of marketization. The better it is, the better it will be to judge its future trend.

In addition, the urbanization process has entered the second half, which will lead to the real estate market is not the same as before, any investment in any city will make money, and the real estate market in the first tier cities and second tier cities has already differentiated.

At the same time, the aging of the population will bring about two polar consumption, that is, consumption of the elderly and children as the main market, which also brings huge investment opportunities.

The most important thing to invest is to look at two aspects: trends and policies. First of all, the progress of science and technology is the driving force of the whole economy, and this is also the trend of the future. At the same time, the role of government policy can not be denied. For example, if there is no reform and opening up, the speed of China's economic development will be very different.

Besides, we should also consider four factors when investing: income, risk, scale and time limit. Many people will consider the benefits and risks, but ignore the scale and the deadline. The term means that we have to arrange funds well, and we must have long-term and short-term investments. Scale means the amount of money that investors intend to invest, the amount of money they invest, and the efficiency and return rate of investment are very different.

Europe and the United States are in the process of a new cycle. The steady recovery of the US economy has driven the US dollar into a strong cycle. Whether or not the US dollar raises interest rates, the trend of exchange rate appreciation for other currencies is inevitable. The main driving factors are new factors such as new economy, new technology and new energy.

At the same time, it will lead to the upgrading of the real estate market, stock market and asset prices. This process also contains huge investment opportunities. The global capital is further flowing back to the United States, and it also promotes the exchange rate of the US dollar. Under the same rate of return on investment, the appreciation of the dollar will bring more returns.

Then, will the renminbi depreciate? In fact, the depreciation of RMB is relative. The renminbi is depreciating relative to the US dollar, but the renminbi is still in the process of long-term appreciation relative to other currencies.

The European economy is also undergoing internal differentiation. The trend of Germany and Britain is different from that of France and Greece. There are not many bright spots in Japan because the country lacks technology. innovate 。 By contrast, China's financing market has huge room for development.

Investment is because enterprises have financing needs, so if they want to make money, they need financing enterprises to develop. Otherwise, the investment proceeds will not be sustainable.

The global financing market is mainly in the US, Europe and Asia Pacific. The United States accounts for about 1/3 of the global financing market, and the European market accounts for 1/3. China's financing market is still very small, accounting for only 8.7% of the world, which is smaller than that of Japan. So China has greater room for development both in capital market and investment market.

If there is financing, someone will invest. Global shares The investment market is dominated by the US, and the US stock market is the fastest growing. The A share market in China has a 10 year compound yield of 10.2%. Why is it so high? Because A shares were at a particularly low level in 2005, so the growth rate was relatively fast, but the risk of A shares was relatively large. The risk is actually volatility, and the volatility of A shares is 31.5%. So A shares have the opportunity to make money, but the risks are great. A share market Sometimes ups and downs, the first three quarters of this year, the entire A share market returns are -5.6%.

In fact, there are still some better investment opportunities, first of all, the global bond market. Although the rate of return in the bond market is sometimes not very high, most of the time is positive, and only a few years are negative. The global bond market has huge investment opportunities. In addition, the performance of international hedge funds has been very stable.