At present, the international financial market is characterized by complexity and volatility. How to keep abreast of the fluctuations in the international financial market and the dynamics of capital flows, gain insights into the trends of interest rates and exchange rates, seize investment opportunities in financial markets, address market uncertainties and risks, and achieve rational global asset allocation and wealth growth has become a focal point of widespread concern within the industry. With the diversified development of Macao's economy, the financial industry has emerged as a key pillar of the region's industrial development.
Following its successful edition in Hong Kong this January, the 2025 International Wealth Management and Financial Investment Forum · Macao – Shanghai Wealth Fair Macao Forum, themed "Wisdom Gathering at the Hao River, Finance Connecting the Globe", was successfully held on June 7, 2025 at the Ballroom on the 3rd Floor of the Star Hall, Studio City Macao. The forum was hosted by MoneyWeekly.
The forum attracted a large number of distinguished participants, including domestic and international experts in financial investment and wealth management, industry elites from banking, insurance, securities, funds, foreign exchange, futures and other sectors, representatives of family offices, high-net-worth individuals, as well as professionals from mainstream media and research institutions. Through keynote speeches, thematic debates, roundtable discussions and other sessions, the attendees engaged in in-depth discussions on hot topics in the global economy and analyzed the emerging trends in wealth management and financial investment.
At the forum, Chen Yue, Chairman of MoneyWeekly Media, stated in his address: "Beneath the drastic changes in the international economic and trade landscape and financial markets lies a profound adjustment, restructuring and rebalancing of the global economic system. This reshaping of the economic system, driven by factors including geopolitical tensions and trade conflicts, supply chain realignment, scientific and technological transformation, and the adjustment of global governance mechanisms, will redefine the underlying logic of global financial investment. It will bring about significant uncertainty over an extended period and exert a far-reaching impact on the landscape of international wealth management and the approaches to asset allocation."
He added: "This Macao forum serves as a crucial stop in the series of international wealth management and financial investment forums we have curated. Going forward, we will continue to build an open, inclusive and forward-looking exchange platform, host more such forums, facilitate in-depth industry communication, help investors accurately gauge market dynamics, and identify appropriate financial investment and asset allocation strategies."
Lu Ting, Chief China Economist and Managing Director of Nomura Securities, delivered an in-depth analysis of the profound impacts of the restructuring of the global trade landscape and fluctuations in the U.S. dollar cycle on asset allocation, with the presentation titled Tariffs, the U.S. Dollar and Rebalancing — The Global Economy and Assets Amid a Century of Great Changes.
He pointed out that we are undergoing the second major upheaval of the international order since World War II. Overall, uncertainty has risen, and volatility is inevitable in the period ahead. Against this backdrop, China is confronted with both opportunities and challenges. The dividends accumulated from decades of China’s reform and opening-up have been gradually realized, and the share of China’s manufacturing sector in the global market will continue to climb. However, completing the unfinished reform agenda and achieving peaceful rise constitute the prerequisites for steady growth. China’s potential economic growth rate may continue to trend downward.
In an era of containment, the global allocation of capital, industrial chains and assets has become particularly crucial, and enterprises may accelerate their pace of going global. Under such circumstances, investors need to pay closer attention to changes in the macroeconomic environment and rationally adjust their asset allocation strategies.
Pan Qing, CFO of Noah Holdings and CEO of ARKHK, shared the underlying logic and strategic innovations in wealth management for high-net-worth individuals, drawing on Noah Holdings' practical experience in global asset allocation. His presentation was themed “Clashing Titans in the Macro Arena: Where to Position in Micro Wealth Management”.
He argued that the key term of financial freedom is "freedom", and the essence of freedom lies in having choices. He emphasized that we must not miss this once-in-a-decade reset moment. Against the backdrop of declining interest rates, it is difficult for single-asset strategies to meet original return expectations. In the context of macroeconomic contestation, seeking opportunities with certainty is critical, which requires formulating scientific and rational wealth management plans from a global perspective.
Mr. Pan shared that reducing asset correlation is the most effective hedging approach. Among various asset classes, infrastructure assets have delivered outstanding performance, featuring strong anti-cyclicality in overall returns and long-term stable dividend payouts. In addition, macro hedging strategies and co-investment using structured instruments such as FCNs are also favorable allocation options.
Li Jun, President of Shanghai Liyu Financial Group, Financial Advisor to China National Radio, and commentator on foreign exchange and gold markets for Yicai (China Business Network), delivered an in-depth analysis of the impact of tariff policy changes on capital markets and provided valuable investment advice for investors with his presentation titled From Tariff Turmoil to Agreement: The Future Evolution of Capital Markets. Drawing on his extensive research expertise in the foreign exchange and gold markets, he dissected the transmission mechanism of policy shifts to capital markets and offered an outlook on future investment trends.
He held the view that if the "tariff drama" were to repeat itself, gold and the Japanese yen would continue to appreciate, while the U.S. dollar, U.S. equities and U.S. Treasury bonds would remain under pressure. Conversely, if the tariff turmoil comes to an end and global markets stabilize, gold would be the first to decline, with an expected correction of 500 to 1,000 US dollars per ounce from its peak level. In this scenario, the U.S. dollar, U.S. equities and U.S. Treasury bonds would rebound and stabilize, and the Chinese yuan would test the key psychological level of 7.
Regardless of future tariff developments, the Japanese yen and China’s A-share market remain key focuses. He predicted that the Shanghai Composite Index still has the potential to challenge the 4,000-point mark within the next year.
In a session featuring heated debates on key financial issues and inspiring collisions of ideas, Li Jigang, former Managing Director of Saxo Bank, FXCM Asia and ADSS, served as the debate moderator. He presided over an in-depth discussion on the motion “The Status of the U.S. Dollar Amid Shifts in International Economic and Trade Relations” alongside a panel of distinguished guests.
The panel included Zhang Weijun, Founder of Starry Sky Professional Traders Alliance; Xu Yaxin, Dean of Jiangxin Academy; Cui Rong, Dean of Weiti Finance Academy; Zhang Guotong, Invited Analyst of CCTV Securities Information Channel; Sun Jianfa, a professional trader and columnist for financial media outlets; and Tian Hongliang, Invited Analyst of CWG.
The participants engaged in a lively and intense exchange of views, offering diverse perspectives that provided profound food for thought for all attendees.
In the afternoon session of the event, Liu Ningbo, a special lecturer for the ‘Wealth Lecture Hall’ on CCTV-2, Chairman of Yuezhongtai Technology Co., Ltd., and Chairman of Yuezhongjiang Jewelry Co., Ltd., delivered a keynote speech entitled "The Unchanging Industry and the Thriving Market — The Global Gold Market Landscape and Business Development Strategies".He stated that the market can be primarily categorized into two segments: the asset management market and the technology-driven trading market. In the asset management market, core products include regular fixed investment, gold allocation, and portfolio management. Users in this segment prioritize stability, security, and consistent returns, and show a preference for professional, rational and strategy-oriented content.
In contrast, the technology-driven trading market mainly features high-frequency trading, short-term trading and leveraged products. Users here focus on trading techniques and tool support, and favor tutorial-based content, live trading demonstrations and highly interactive formats.
In the roundtable discussion themed "The Outlook for Asset Management Business: Market Trends, Platform Collaboration, Compliance and Risk Response", Yang Jupu, Chief Analyst and Founder of Simple Vision, Deng Yizhen, Co-founder of Hong Kong Magic Cube Asset Management, Liu Junxian, Co-founder of Quant Asset Management Alliance, MICHAEL CHEN, General Manager of the Middle East Region and Chief Marketing Officer of AUS GLOBAL, Dr. Ken SJ, Chief Management Consultant of Glenn Securities, and Zhou Xiaojie, Director of Fono Capital Management Open-Ended Fund Type Company, explored the new opportunities and challenges confronting the asset management business against the backdrop of current transformations in the financial market.It was emphasized that asset management institutions need to accurately grasp market trends, efficiently achieve platform collaboration, and scientifically address risks within a compliance framework.
In the roundtable session themed ‘Technological Innovation, Strategy Optimization and Industry Outlook for Foreign Exchange Quantification and Copy Trading’, Zhong Zhixin, Founder of the Statistical Indicators of Maihui Data, Lu Qiyong, General Manager of Guanrong Technology, Qi Xuejun, Founder of Qitian Quantitative Trading Academy, Xing Lei, Founder of Huifei Quantitative Technology Co., Ltd., Zhang Guanbo, Invited Lecturer of MH Markets, and Cao Xiangyang, Founder of Moore Community, shared their insights.
Against the backdrop of the booming development of the global foreign exchange market, they discussed how quantitative trading and copy trading systems have reshaped the industry ecosystem. They also conducted in-depth exchanges on technological innovation, strategy optimization and industry outlook, providing new ideas for the development of the industry.
Delving into the gold market and analyzing investment trends, the forum also held a dedicated debate on gold price trends.
Li Jigang, former Managing Director of Saxo Bank, FXCM Asia and ADSS, Zhao Xiangbin, foreign exchange commentator of China National Radio, Zhang Juxian, Dean of Juxian Trading Academy, Shao Yuehua, Founder of Yuehua Trading Academy, Li Sheng, member of the IFTA Global Technical Analysis Alliance, Mu Gongzi, an internet-famous analyst and renowned financial blogger, Leo Lai Zhiyi, a licensed fund manager with Hong Kong License No. 1249, Gao Zhenbo, Founder of Daiyuan Asset Management, and Garry Lo, Certified Financial Risk Manager, participated in the debate themed "Bull-Bear Debate on the Gold Market Trend in the Second Half of 2025".
The experts analyzed the bullish and bearish factors influencing gold price trends from diverse perspectives, offering valuable references for investors to grasp the rhythm of their investments.
In addition, the forum hosted a grand awards ceremony, presenting a series of accolades including the Strategic Partner Award, Outstanding Foreign Exchange Trading Platform Award, Distinguished Retail Foreign Exchange Broker Award, Excellence Award for Quantitative Risk Control Management and Popular Online Analyst Award.
The Macao Forum was hosted by MoneyWeekly and organized by Shanghai MoneyWeekly Media Co., Ltd. It received support from the following organizations: the Organizing Committee of Shanghai Wealth Fair, Hong Kong China Financial Advisors Association, Lujiazui Family Office Alliance, Starry Sky Professional Traders Alliance, and China Analysts Alliance. Securities Star served as the strategic cooperation media, while the professional supporting units included OKCOPY Intelligent Copy Trading, Qitian Quantitative, Gold Exchange Headlines, Financial Intelligence Exchange, Traders Talk, FXVC, Jiangxin Academy, Forex Friends Station, Quant Alliance, Forex Merchants Ranking List, and Traders League.
Focusing on industry hot topics to explore development paths together; recognizing and witnessing excellence to envision the future hand in hand. The 2025 International Wealth Management and Financial Investment Forum · Macao – Shanghai Wealth Fair Macao Forum has built a high-end platform for international financial exchanges with a global perspective and professional depth. Covering core issues of wealth management and financial investment in an all-round way, the forum spans from macroeconomic analysis to micro-level business practice, and from intense debates to in-depth roundtable discussions.
Not only did it provide a stage for ideological exchanges among industry elites, but it also contributed to the construction of Macao as an international financial exchange hub. By promoting the sharing of global financial wisdom and the integration of resources, the forum has set the direction and gathered strength for the development of the wealth management industry amid the wave of global financial transformation, jointly advancing toward a new journey of financial innovation and win-win cooperation.