The wind rises at the end of Qingping, and the waves form between the ripples. Human beings are often aware of subversive changes. At present, the distribution of wealth in China market has entered a new cycle, and the household wealth in China is also accelerating to the next inflection point. Only by gaining insight into the new trend and pattern of China's wealth and grasping the tide of investment can we find our place in the great global changes; Find your own melody in the pulse of the times.

Since the outbreak of the financial crisis in 28, the global collective "water release" and the long-term monetary easing policy have accumulated more and more profound economic and debt contradictions. These structural contradictions have been intensified under the continuous impact of the COVID-19 epidemic in 22, and the unprecedented monetary release has pushed the world economy to the brink.

The crisis self-help of "drinking poison to quench thirst" has not really solved the fundamental and structural contradictions of economic development, and the world economy is the same. 221 is not only a year for the world economy to continue to explore the bottom, but also a year for starting from the bottom and breaking through the bottom with innovation.

The long-standing structural problems of the global economy and the fragility of the financial system are exposed at the same time. All kinds of crises have shaken, and the temporary victory of unlimited quantitative easing monetary policy has caused the world to enter a new round of inflation. However, "spending money on food" can only alleviate the liquidity problem of the financial market, but it can't really solve the crisis, and it can only postpone the crisis again and again.

At the same time, the global pattern is also undergoing a major shift.

In the era of global rent-seeking led by multinational enterprises and capital, borderless capital pushes the global economy to imbalance, and the resource endowments of various countries compete in the world, which leads to the redistribution of production factors in the global economy, and then the Matthew effect is brought to the extreme, leading to the imbalance of economic development, the widening gap between the rich and the poor, populism and anti-globalization.

The current world economic situation has inevitably slipped into the Malthusian trap. In the process of globalization, countries are full of various zero-sum games, hegemonism and jungle laws.

Long-term financial risks are accumulating, and the seeds of Minsky moment have already been deeply planted. Once the long-term risk accumulates to the upper limit, it will lead to the centralized liquidation of excess capacity, excess currency, debt crisis and asset bubble.

No matter which economy the crisis comes from, no one can stay out of it under the "butterfly effect". Therefore, we should estimate and prepare for the downward pressure on the future economy, and at the same time, we should be prepared for the decline of investment yield and the preservation of wealth.

The economic turning point brought by the new scientific and technological revolution is coming soon.

The essence of the financial crisis is the crisis of overcapacity. Historically, every crisis disappeared through a new round of scientific and technological revolution and industrial revolution, thus leading mankind out of the quagmire of the crisis and entering a new era.

Scientific and technological innovation is the fuel for the development of the combustion-supporting era. The generation of new technologies will lead to excessive profits and trigger a swarm of sensitive innovation capital. The combination of capital and technology can help the economy grow and prosper again.

China is transforming from an economic power to a technological power. The core driving force of economic growth has been concentrated on high technology and consumption. These industries include mobile Internet technology, artificial intelligence, life science, robotics, big data, unmanned technology, new consumption, etc. The fourth scientific and technological revolution has quietly started.

All sources of wealth come from technological innovation, and all economic development also comes from technological innovation. The economic turning point brought by the new scientific and technological revolution is coming soon, and it is bound to bring new wealth outlets and money-making opportunities.

Great opportunity for economic restructuring

Economic restructuring is inevitable at a time when there has been a great change in a century. In the 14th Five-Year Plan period, we will cross the threshold of high-income countries from middle income and enter the high-income stage, and the change of production factor endowment will promote the change of capital structure.

Consumption upgrading is the primary driving force for economic restructuring. In the high-income stage, capital will be very abundant. Consumption upgrading and overtaking on the economic track will drive the economy to continuously transform from manufacturing to service industry. At the same time, advantageous industries such as high-tech and strategic industries will go hand in hand with developed countries and gradually change from catching up to leading.

The next big game for the country is to adjust the structure, better allocate capital and human resources to the entity field, and cultivate a number of internationally competitive specialized and special new enterprises.

Specifically speaking, it is to reduce the profits and monopoly of real estate, finance, education, Internet, and the resulting long-term squeeze and cost on people's livelihood and the real economy, and vigorously develop manufacturing, hard technology, the real economy, new energy, new infrastructure and capital markets.

The real economy is the right way to drive economic development, and it is also a good medicine to solve the existing economic ills. In the framework of economic restructuring, there will be a batch after batch of industries rising, bringing waves of wealth creation.

* * Being rich-expanding middle-income groups

* * Being rich is a medium-and long-term goal that keeps pace with innovation-driven development, economic structure optimization, national security and carbon neutrality. According to the plan, by 235, China's middle-income population will double to 8 million on the existing basis, and then China's social class will change from a pyramid structure to an olive structure.

The olive society is a relatively healthy and stable social structure. The middle class is the backbone of national economic development, providing brains and markets for the national economy. The middle class will become the mainstream of social structure in the future.

The "olive-shaped" distribution target will lead to a major change in consumption structure, and the urbanization process will enter a new stage. With the expansion of middle-income people, consumption upgrading and market sinking will detonate China's economy, bringing huge industrial opportunities and economic living water.

The era of consumption upgrading may also lead China's economy into a new money-making cycle. In the process of expanding middle-income groups, we still have huge market space to sink, and these are the investment opportunities in third-and fourth-tier cities.

With the coming of the great era of equity investment, the China stock market will have a huge expansion space in the future. China's overall stock market securitization rate is 87% (including A-shares, Hong Kong stocks, China Stock Exchange, etc.), which is similar to that of the United States in the 198s, and the gap with the major economies at present is obvious. According to the IMF forecast, China's GDP will reach about $2 trillion in 225-23. Assuming that the securitization rate in China will reach 13% (current French level) to 135% (current Japanese level), the total capacity of China stock market will reach 21-27 trillion US dollars, representing an increase of 8-14 trillion US dollars, which is equivalent to creating another China stock market.

With the disappearance of demographic dividend and the change of economic driving mode, the proportion of real estate in residents' asset allocation has peaked. From the perspective of wealth pattern, the value dividend brought by the high-speed growth stage of China real estate is coming to an end, and the China stock market with a low degree of financialization is likely to become the main successor of China's future wealth growth. Equity financial assets may become a new reservoir of family wealth.

Financial market and economic development complement each other. With the reform and opening-up of multi-level capital market, the demand for capital in economic structure transformation, emerging economies, especially scientific and technological innovation is increasing. Combined with the current economic structure and policy trends, the proportion of financial assets will continue to rise in the future as the attractiveness of real estate investment declines.

Choice is more important than hard work. After bidding farewell to the era of real estate speculation, the era of equity investment has arrived, and it will be the general trend to reduce the allocation of real estate and increase the allocation of financial assets.

Holding high-quality assets, laying out new economy as soon as possible, and paying attention to asset allocation

The rate of return on capital is greater than the rate of return on labor, and cash does not generate any income, but will be implicitly taxed by inflation, so holding assets is the key for us to take the Fortune Express.

We should not only hold assets, but also hold assets well and allocate assets well. At the moment of great changes in wealth, building a reasonable combination of anti-risk benefits and doing a good job in personal asset allocation will make our road to wealth growth more comfortable.

Under the double opportunities of the new cycle of global layout of science and technology and China's economic and industrial transformation, new economic assets will be laid out as soon as possible, and investors are expected to share the huge dividends contained in the process of technological innovation, consumption upgrading and industrial transformation in China by buying equity and funds of emerging enterprises at low prices.

With the help of long-term investment and professional investment

What we are experiencing is the eve of a century-long change. Its length is measured in years, not days or weeks. The rate of return created by time has great leverage on the final value. Long-term holding can amplify investment income through compound interest effect. We are fortunate to stand at the beginning of a new long-term cycle and be able to buy new economy and new assets at a very low price, but only by persisting in long-term investment can we finally get rich returns.

In the future institutional investment trend, it is very difficult for individual investors to gain wealth by themselves. Professional investors have more advanced and mature investment concepts and methodologies, and the investment and research system is more systematic and rigorous. With the help of professional institutions, entrusting money to professional investors for management will lead to higher investment efficiency and winning rate.

The fate of a country is closely related to the fate of an individual. Every enterprise and everyone is ultimately the product of the times. Under the great changes in the past century, the new signal of wealth distribution in China market has been initially displayed. Standing at the starting point of the new cycle of wealth distribution, only by keeping up with the rhythm of the times and grasping the investment opportunities can we hope to catch the National Express and get a share of the "feast of making wealth".