Against the backdrop of a shifting global order, as top European asset manager, our investment views is playing more significant roles for the local players as significant tools to inspire them to achieve more diversified allocation. 

Recently, Monica Defend, Head of the Amundi Investment Institute, was invited to 2025 Bund Summit, a leading Chinese financial forum where she as the representative of Amundi attracted a lot of attention. 

Topics we shared on trariff’s impact, the bond market, gold, AI, major risks in the rest of 2025 and the trends of De-dollarization, resonated across a variety of major trade media in China and Asia such as Bloomberg, CGTN, the Securities Times, China Fund News, Yicai and Sina News, which result in a further strength of Amundi’s influence in the local market.

The major widely spread viewpoints include:

• An emerging two-way communication mechanism between the U.S. market and policymakers, with the bond market serving as a "guardrail" for policy adjustments.
• Technologies such as AI, quantum computing, and semiconductors have become strategic assets.
• There are three major risks: inflation, liquidity, and the risk to the Fed’s independence. Portfolio risk diversification is still key for the rest of 2025.
• Amid intertwined geopolitical and geoeconomic pressures, the limited effect of tariffs attributed to the weakness of US dollar and the liquidity dynamics at the beginning of the year, and Asia’s demographic and growth momentum advantages for diversifying portfolios.
• Regarding gold, the expectation of a $5,000/ounce target in three years, meanwhile cautioned the rising volatility fueled by growing retail investors’ participation.
• The AI revolution in China carries strategic significance and will generate long-term returns. China’s commitment to developing AI for the benefit of ordinary people is commendable.
• We are already seeing a decline in the dollar’s central role in portfolio allocation and the waning core status of U.S. Treasuries. To truly enhance Europe’s importance in portfolio allocation, progress in capital market and banking unions is key. Once Europe achieves this, it could occupy a leading position.

As well, in current geopolitical landscape, as a long-term player, we dedicate to develop a deep engagement with the local market through close collaboration with our partners and clients to provide unique values. 

During the Global Asset Management Center Shanghai International Week 2025 held by Shanghai Asset Management Association, Eddy Wong, Asia CEO of Amundi, was invited to deliver a keynote speech at the 2025 Shanghai Global Asset Management Forum, addressing the importance of China-Europe collaboration in asset management field.

The speech underscored Amundi’s commitment to foster partnerships with financial institutions in China and beyond, aligning with our vision to drive innovation and cross-border collaboration, mainly highlighted :

• Three global asset management trends - Accelerating fee compression and hyper-competition, strategic convergence of globalization and localization, dual engines of value creation including ESG integration and technology adoption.
• Amundi’s China outlook - Capitalizing on institutional opening up and Hong Kong’s pivotal role, responsible finance synergies with China’s dual-carbon goals, unlocking potential in pension market.
• China-Europe investment playbook - diversifying exposure through non-US assets and service ecosystems, optimizing partnerships and JV models for local expertise and boosting efficiency via AI-driven solutions and customized strategies
• Future collaboration horizons - cross-border talent and strategy sharing, co-innovation in digital asset tools and sustainable finance, continuous exploration in cross-border wealth products and custody infrastructure.

During the event, we have been exclusively selected by Yicai—the Shanghai-based financial media leader, one major co-organizer of the forum, to decode how global asset managers meet the rising demands of multi asset allocation among Chinese investors alongside continuous opening-up policies in the local market.

As the only European firm among global top 10 asset managers, benefiting from the unique positioning amid the changing geopolitical landscape, we are gaining more attention in the market. It will reinforce the existing partnerships, catalyzing future cooperations with local financial institutions and as well as facilitating our business development in China.