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the change of asset structure behind ecology and format. The asset management policy is in a positive cycle, and the underlying assets are facing choices. Macro cycle drives risky assets, and the allocation of cost performance catalyzes the evolution of positions. Configuration model: attach importance to rights and interests in assets, and 5 in style plate. Fund portfolio allocation: Tailor-made, according to the map.

1) The risk appetite level of the whole society will be continuously improved due to the factors of asset management ecology and business format, and the fundamental cycle and allocation cost performance determine that equity assets have medium-and long-term allocation value. 2) From the perspective of investors' endowment, we have constructed a strategic portfolio of four funds along the risk preference dimension for investors' reference.