Aspenwood Capital has won the “2022 Best Offshore Financial Institution Award” at the “Wealth APAC Forum” for the second time in a row.

The award is organized by Wealth Management Magazine and the Financial Strategy Institute, and exclusively academically hosted by the Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University. The judging committee, consisting of experts from Shanghai Advanced Institute of Finance, Boston Consulting Group, Bain & Company, and Oliver Wyman, evaluates nominees based on their ability to bring positive impact to the industry and clients by continuously meeting diversified financial and non-financial needs of high net worth clients.

At the 7th Wealth APAC Forum and the 2022 International Private and Family Wealth Management Industry Awards Ceremony on January 7th, 2023, Mr. Mei Jingfu, Managing Director and China Head of Aspenwood Capital, attended the event and delivered a speech at the roundtable discussion on “Exploring Market Trends by Digging Deep into Customer Needs”.

Aspenwood Capital was also awarded the “2021 Best Offshore Financial Institution Award” at the 6th Wealth APAC Forum and the 2021 Asia-Pacific Wealth Forum and Family Wealth Industry Awards Ceremony. The award was presented to Mr. Mei Jingfu, Managing Director and China Head of Aspenwood Capital, by Mr. Qian Xing, Partner of Oliver Wyman and representative of the judging committee.

Market Insights

In 2020, China engineered a V-shaped recovery from the pandemic, the only major economy to do so, with its real GDP level regaining its lost ground by the end of 2Q20. China’s expansion continues this year, but with a focus on the quality over quantity of growth. China aims to shift gears back to its long-term priorities by normalizing policy and growth drivers. The March economic data shows the baton moving back to the “new China” (domestic demand and consumption) from last year’s “old China” (external demand and investment). For investors, this is the most interesting long-term opportunity: China’s domestic consumption, technological innovation and energy transition. Crucially, these themes are more accessible as China’s capital markets continue to develop and open up. Independent of the business cycle, China is turning into a structural allocation on both sides of the 60/40 portfolio.