Insights | Brexit indicates that hedging of foreign asset allocation is more important

On June 24, the Brexit referendum was settled. Because it is very different from the previous market expectations, Brexit has become a black swan event, triggering violent turbulence in the global financial market. Some insiders pointed out that Chinese investors shall consider the opportunities to adjust asset allocation and increase the proportion of safe-haven assets.

Insights | REIT, created by the U.S. legislation 60 years ago, finally started its testing in China

On the afternoon of June 3, The State Council of the People’s Republic of China issued the “Opinions on Accelerating the Cultivation and Development of the Housing Rental Market” and announced a series of new policies. The “Opinions” expresses that it encourages the promotion of real estate investment trust (REIT) pilot projects, on the one hand, guiding private funds to participate in commercial real estate; on the other hand, encouraging developers to sell exclusively for rent. In short, lower the threshold of commercial real estate investment, turn heavy assets into light assets, let the house be used, and let the capital flow.