Founder of the world’s largest hedge fund: China will become the world’s financial center

Xinhua News Agency reported on January 12 that Ray Dalio, the founder of the world’s largest hedge fund Bridgewater Fund, recently stated that China will become the world’s financial center.

In an interview with the British “Financial Times”, Dalio said that 2020 is of great significance to China’s financial market. The new crown epidemic crisis has highlighted the outstanding performance of China’s economy and prompted a large amount of investment to flow into China.

Dalio said that although China’s current financial system is not as developed as that of Western countries, “China already has the world’s second largest capital market, and I think China will eventually have the status of the world’s financial center. Throughout history, major trading countries have eventually developed into the world A financial center and a global reserve currency.”

Dalio said that he is optimistic about China for a long time. China’s economy has recovered from the epidemic, and its stocks and bonds have been included in financial indexes with global influence, which has enhanced China’s attractiveness to foreign investment. Many analysts and fund managers believe that in the next few years, international investors will continue to increase their asset allocation in China.

Dalio believes that China’s capital market is not only expanding in scale, but also performing well. The current world investment in China is still insufficient. He said that China is of great significance to Qiaoshui’s business, and Qiaoshui will more comprehensively build its competitive advantage in China in the future.