汪静波 诚实是自由的延伸

Wang Jingbo:Honesty is An Extension of Freedom

过去一年,我们感受到了非常大的转型痛苦。奇点已经临近,社会震动的频率越来越高,变革的速度超过我们的想象。我认为中国到了明斯基时刻（Minsky Moment,指美国经济学家海曼·明斯基Hyman Minsky所描述的时刻,即资产价值崩溃时刻）,制造业处于持续繁荣与衰退的转折点。

Over the past year,we felt a great pain from transition.I think China is coming up to the Minsky moment,where the manufacturing sector is at the turning point of boom to bust.Our research reveals that Chinese high-end wealth management market is also undergoing some changes,showing four major trends:tirst,wealth has been inherited and transferred from self-made rich men to their children;secondly,the major sectors that create the HNWIs is shifting from traditional manufacturing to emerging service industries;thirdly,asset allocation is playing a role ot reducing risk effectively,from focused on domestic market to the current global dispersion configuration;fourthly,needs on wealth management have been advanced.These major changes will be more prominent this year.