Event Article
Guanghua East Coast Alumni Association and CCB Trust Joint Seminar Held Successfully
A discussion on quant investing, asset-management transformation, and global macro trends.
Summary
On the evening of September 19, 2018, the association and CCB Trust co-hosted a seminar at the Yabo Art Gallery in New York. Speakers Chen Yun, Mr. Yan, Wang Yeqiang, and Sarah Zhang shared views on quantitative investing, CCB Trust's transformation, wealth management, and global macro outlook.
Quantitative Investing and Market Cycles
Chen Yun introduced his career path from university to Goldman Sachs, Bernstein, and New York Life, then used it to frame recent changes in quantitative investing.
He argued that Fed easing had kept volatility low while reducing strategy efficiency, and that investors must adjust to different company profiles across cycles.
- In recessions, highly leveraged deep-value companies can be attractive.
- In slower-growth periods, companies with stable order flow deserve more attention.
- Economic cycles remain real, so strategies must adapt to the environment.
CCB Trust and Asset-Management Transformation
Mr. Yan and Wang Yeqiang then introduced the company's scale, client base, and strategic transformation.
CCB Trust is focusing on three business pillars: wealth management, asset management, and industrial investment banking that supports the real economy.
Global Allocation and Macro Outlook
Sarah Zhang of RSG Global Wealth Management described family office services, tax planning, trusts, and global allocation, then discussed CRS, FATCA, and commodity price trends.
She identified aging populations, sovereign debt, technology development, slowing emerging markets, and changing U.S. macro policy as key drivers of the next 5-10 years.
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