On May 27, Rui Dalio, the founder of Bridgewater Associates, the world’s top hedge fund, said in a Weibo answer to a question from netizens that it is precisely because of the skills and character Chinese possess that they are optimistic about China.
A netizen asked on Weibo: “Hello Mr. Rui Da Leo, I would like to ask: How does Qiao Shui make time and time again in the face of complex problems Timely feedback and finally continue to move forward. Now every country, seeing what happened to China, still has not learned a lesson, resulting in what happened in China again, and under the control of China, the epidemic of other countries is increasing The worse. Why do we continue to make mistakes when we see successful cases and potential risks. Why do many companies know that the investment in innovation will be beneficial to the company, but they still limit innovation and limit reform. Finally, there are big problems. Question, how did Qiaoshui come over step by step? How does its emergency mechanism ensure its operation.-@ 嘿 扬 头 201808 “
Dalio answers this Said: “What we value is the key characteristics of people, such as their skills and character, and the resources they accumulate to seize opportunities and resist risks. This is why I am optimistic about China.”
Dario has expressed his optimism about China many times before.
On August 7, 2019, Dario stated that as China develops and grows, the conflict between the world ’s two largest economies is a kind of ” “Natural development” is no different from historical conflicts with other emerging powers. He said: “I think that in terms of changes in the supply chain and who is making what technology, the world order is being reorganized.”
Dalio said: “So, If your business is diversified, you should bet on two horses at the same time in the competition. “
Dalio also refuted the current investment risk in China that is too risky Opinion, and said that this is equivalent to investing in several more developed markets. He believes that investors have a tendency to avoid and “do nothing new”, while major global economies, including Europe and the United States, present their own risks.
Dalio explained that in Europe, there is a political split in monetary policy, and Europe is not at the forefront of the technological revolution, so European investment risks are high. The investment risk in the United States is also very large, which is related to the gap between rich and poor, the political system, including the decentralization of decision-making, many different things, andMonetary policy lacks effectiveness.
The gradual opening of China ’s financial market has become an important reason why Dalio is optimistic about the Chinese market. “China is advancing reform and opening up. You can choose to enter early or late. Do you want to arrive early or late? We have noticed that Chinese market stocks are gradually being included in the MSCI index. In addition, we must also pay more attention to investment portfolios. Decentralization, which is why it should be involved in the Chinese market now. “
So, how to invest in China? Dalio believes that there are many opportunities for public markets, private equity and venture capital. China’s technological innovation is developing rapidly. China is currently at the forefront of the world in many fields. There are many opportunities for private equity venture capital institutions. The secondary market stock market and bond market have developed rapidly. He pointed out that China has accounted for 34% of the world’s unicorn companies. He noted that China already owns 34% of the world’s unicorn companies, that is, private companies with a valuation of more than one billion US dollars. In contrast, the United States accounts for 47% of unicorn companies, and the rest of the world accounts for 19%. Dalio said: “(China) will have the world’s largest economy, the world’s largest trade volume, and the world’s largest market value.”
In 2011, Bridgewater Fund The first office was opened in Beijing, China outside of Connecticut, to close the distance to local customers. On October 9, 2018, its private equity manager Qiaoshui (China) Investment Management Co., Ltd. (abbreviated as Qiaoshui Investment) established the first private equity fund-Bridgewater All Weather China Private Equity Investment Fund No.