Jiashi Fund released a report stating that looking back on 2023, global assets showed differentiation and experienced significant volatility. In terms of commodities, metal prices were weak, oil and gas experienced wide fluctuations, and the safe-haven properties of gold continued to be prominent. In 2024, the performance of global assets may open a new chapter, as the Fed cuts interest rates and expectations of a soft landing for the US economy are expected to keep US stocks strong, while Hong Kong stocks may rebound due to international liquidity catalysis. At the same time, the increased domestic policy efforts will boost corporate profits and expectations, market risk appetite will rise as US bond yields fall, and the upward momentum of A-shares will significantly increase. Jiashi Fund pointed out that with the continuous changes in the global environment, the allocation needs of domestic and foreign investors are also changing. Investors' focus is gradually shifting from the past emphasis on single markets and single strategies to comprehensive solutions covering global markets and multiple strategies, and different asset classes. Therefore, the shift in allocation needs of domestic and foreign investors is also a trend in current cross-border business two-way cross-border, interconnection, not only needs to have sufficient capacity and solutions to help mainland clients "go global" for overseas allocation, but also to help overseas clients better invest in China. In response to this, Mr. Lei, General Manager of Jiashi Fund, stated that different types of assets are entering a new era of interpretation, and market and client needs are changing with the evolution of the times. Jiashi International CMO, Kevin Shu, added that investing in China, global allocation, two-way cross-border, and interconnection are already consensus today, and also the demand of many domestic and foreign institutional clients.