CICC's Chief Analyst for Overseas and Hong Kong Stock Strategy, Liu Gang: The essence of the rotation of Chinese assets is that excess liquidity is chasing scarce, return-generating assets

華爾街見聞
2025.12.23 07:46
12 月 20 日，在華爾街見聞和中歐國際工商學院聯合主辦的「Alpha 峯會」上，中金海外與港股策略首席分析師劉剛表示，中國資產不斷的輪動，不斷的循環。本質還是流動性充裕，不斷追逐大家認可的稀缺回報資產，只不過每個階段認可的稀缺回報資產不一樣。而市場很容易達成共識。一旦達成共識，不排除快速達到透支的可能。然後不斷的輪動，不斷的反饋循環，最終現象就是極致的分化。
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