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HKEX Ba Shusong: Fundamental Logic of Global Asset Allocation Changes; Gold Becomes 2nd Largest Global Reserve Asset
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The original global economic growth model is no longer sustainable, and the fundamental logic of asset allocation has changed, commented HKEX (00388.HK) Managing Director cum Chief China Economist, Ba Shusong, at a forum. With the global economic growth slowing and traditional asset yields drifting lower, relying solely on beta returns is insufficient to meet investors' return targets, he said. He believed that the rise in gold and Bitcoin prices is due to deep concerns over the fading purchasing power of fiat currencies, closely tied to the de-dollarization process. The share of the US dollar in global reserves dropped from 60% in 2000 to 41% in 2025. So far, the total global market cap of gold has topped US$27 trillion, rendering it the second largest global reserve asset. The Economist mentioned that AI is an innovation at the level of an industrial revolution, profoundly changing the underlying logic of socio-economic operations. The beneficiaries of AI are more concentrated in specific industries and among tech elites. AASTOCKS Financial News Website: www.aastocks.com |
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