东方汇理首席执行官Valérie Baudson：中国已经成为世界的新中心_新浪财经

　　来源：全球财富管理论坛

　　东方汇理首席执行官Valérie Baudson参加全球财富管理论坛2021北京峰会并作主题发言时表示，世界的中心正从西方转移到东方。中国已是世界第二大储蓄市场，拥有最大的增长基础，因此对所有全球资产管理机构来说，中国市场至关重要。东方汇理在中国发展已有40年，预计到2025年中国市场管理的资产将达到2000亿欧元。如何实现100%绿色金融将是东方汇理和中国金融机构之间发展新合作领域的重点，其致力于2050年实现所有投资的碳中和。

　　Valérie Baudson介绍，2020年9月，亚洲基础设施投资银行和东方汇理启动了气候变化投资框架，为机构投资者提供实用工具，帮助他们选择和区分未来亚洲新兴经济体中最有能力应对气候变化的公司，这是其可持续投资方法的完美范例。

　　以下为演讲全文。

　　在GAMF2021北京峰会上的发言

　　博颂

　　女士们，先生们，我很荣幸今天能和大家汇聚一堂，也很高兴与大家分享东方汇理资管如何看待中国的发展大势，其将在未来几年塑造全球资产管理格局。

　　首先，我想分享一个我的看法。中国迅速摆脱了危机，中国经济在2020年增长了2.3%，而世界其他国家那时处于严重的衰退之中。2021年，我们预计中国GDP增速将接近9%。中国经济加速发展的趋势在疫情之前就已经存在。世界的中心显然从西方转移到了东方。毫无疑问，中国已经成为世界的新中心。近来，我们已经见证大量资本流入中国资本市场，以及全球金融机构的行动，尤其是资产管理机构在加强其在中国的发展。

　　这一现象并不令人惊讶。目前中国是世界第二大储蓄市场并且拥有最大的增长基础，因此对全球所有资产管理机构来说，中国绝对是至关重要的。鉴于中国人口结构状况，这种趋势只会加速发展。多年的高速经济增长见证了正在寻求储蓄解决方案的富裕的中产阶级的崛起。在中国，未来5年储蓄的年均增长率预计为15%。投资者对中国经济的普遍看好情绪以及对中国资产的偏好也加速了中国储蓄市场的爆发式增长。

　　从短期来看，中国已经展示了其应对卫生危机的能力。从更深层次来看，中国近年来一直在稳步开放金融市场。为了能够长期吸引外资，中国正着力构建一个开放、透明和成熟的市场。中国市场的活力解释了为何东方汇理资管把中国作为其核心战略支柱。我非常自豪东方汇理资管在中国已经发展了40年。

　　1982年，东方汇理设立香港办事处。2006年，北京代表处成立。2008年，我们与中国农业银行成立了第一家合资公司。

　　我们的战略聚焦于与中国金融机构建立长期的合作伙伴关系，提供投资组合、风险管理，还有环境、社会、公司治理（ESG）以及技术相关的专业知识。

　　2020年9月，我们与中国银行成立了一家合资企业，既可以发挥东方汇理资管在资金管理和配置、风险分析和产品创新方面的专业知识优势，也可以依靠中国银行对中国市场的熟悉以及对客户期望的深刻了解。

　　我们与中国合作伙伴有着良好的合作关系，这促使合资企业的公司结构得以快速搭建起来。我们于2019年9月开始商讨，仅用了一年时间，汇华理财便正式开始运营。

　　自2020年10月开始运营以来，合资企业已经实现开门红，我们获得了约30亿元的资金流入。合资企业目前约有60名员工，自成立以来，我们推出了50多种产品。我为我们取得的成就感到非常自豪。亚洲是我们在欧洲以外的第二市场，我们会继续加强在该地区的发展。而在过去的11年中，我们在亚洲的资产已经从500亿欧元增加到3000亿欧元，目标是在2025年达到5000亿欧元。

　　预计到2025年仅在中国，我们管理的资产将达到2000亿欧元。这些都是很宏大的目标，但我对加强与中国合作的能力充满信心。

　　我正在考虑在可持续金融领域建立创新型伙伴关系。中国在气候变化领域的愿景以及中国伙伴在该领域的合作意愿激励着欧洲和中国更广泛的合作。我们对中国2060年前达到碳中和的目标印象特别深刻。

　　东方汇理资管渴望与中国金融机构发展新的合作领域。事实上，问题不再是是否应当发展绿色金融，而是我们如何快速地实现100%的绿色金融。投资者越来越认识到气候变化的风险，这就是我们所有人的责任。资产管理机构有能力帮助投资者掌握可持续投资方式的方方面面。

　　东方汇理资管集团拥有很长的可持续发展历史。早在2010年，我们就将社会和环境责任作为我们的四大根本支柱之一。对我们来说，进行长期投资时，采取可持续的方法是一个常识问题。2021年，东方汇理资管集团管理着超过7000亿的责任资产。

　　我们是全球最大的ESG投资机构。10年前，我们将ESG作为战略核心，当时这在投资者和资产管理公司中是一种非常另类的做法。今天，对气候议程迫在眉睫、刻不容缓的看法引发了公司、监管机构和投资者对加速向低碳经济过渡的必要性的广泛认识。我相信5年内，整个行业将100%由ESG及其影响驱动。这就是为什么我们必须加快自我转型的原因。

　　2018年，我们推出了一项有远见的ESG计划。我非常自豪地宣布，2021年我们实现了目标。我们现在所有的开放式基金100%实现了ESG目标。分析师覆盖的公司已经翻倍，我们管理着250亿欧元的绿色投资解决方案。这是一个巨大的成功，但对我来说，这只是漫长征程的第一个里程碑。我们需要继续推进正在进行中的转型计划。今年东方汇理资管加入了资产管理公司零净排放计划，我们致力于到2050年实现所有投资的碳中和。

　　像东方汇理资管这样的外国资产管理公司的宏大目标需要的是坚持，这些公司在气候转型过程中可以发挥引领作用。为了实现这一宏大的目标，东方汇理资管将继续与知名金融机构建立富有成效的公私伙伴关系，以帮助公共部门更好地利用私人资本。

　　这就是我们拓宽可持续金融前沿的方式。例如，2020年9月，亚洲基础设施投资银行和东方汇理资管启动了气候变化投资框架。

　　这一框架背后的理念是为机构投资者提供实用工具，帮助他们选择和区分未来亚洲新兴经济体中最有能力应对气候变化的公司。

　　该框架就气候适应性、减缓气候变化和低碳经济融资而言与巴黎协定目标相一致。这意味着这种方法将产生一个积极的激励机制，激励发起人加快实现《巴黎协定》的目标。

　　此次与亚洲基础设施投资银行的合作是我们可持续投资方法的完美范例，它使得我们在面对挑战时不仅仅对赢家和输家进行简单的风险投资分析。我们要做的是与保险公司、投资者、监管机构进行对话，在全球范围内促进创新和加强意识。我相信我们还有很多机会与我们中国的朋友们一起去探索，东方汇理资管将站在中欧充满希望的对话的最前沿。

　　Speech at GAMF 2021 Beijing Summit

　　
Valérie Baudson

　　Dear Ladies and Gentleman． I’m very honored to be with you today and I’m glad to share how we see at Amundi， the massive trends in China that will shape the global asset management landscape in the coming years．

　　First， I would like to make an observation． China managed to quickly get out of the crisis and its economy was growing by 2.3 % in 2020， while the rest of the world was in a deep recession． For 2021， we expect GDP growth to reach close to 9%． I am convinced that this situation， accelerated trends already existed before the pandemic． The very center of the world is clearly shifted from the west to the east． There is no doubt that China has become the new center of the world． In the recent period， we have witnessed massive capital flows into the Chinese capital markets and we have also witnessed interesting moves on the part of global financial institutions， especially asset managers to have reinforce their presence in China．

　　This is not surprising at all． China is currently the second largest savings market in the world with the greatest growing base， which makes China absolutely essential for all global asset managers． This trend will only accelerate due to structure of China’s population． Years of high speed growth show the emergence of a wealthy middle class who is looking for saving solutions． In China， the average annual growth rate of savings for the next 5 years is estimated at 15%． This explosion of the savings market in China is also reinforced d by a general sentiment in favor of the Chinese economy and the appetite of investors for Chinese assets．

　　From the short term perspective， China has demonstrated its ability to manage the sanitary crisis． But more deeply， China has been steadily opening its financial markets over the recent years． It is now clear that Chinese institutions joined forces to develop an open， transparent and sophisticated markets in order to attract foreign investments in the long term． The dynamism of the Chinese market explains why Amundi has made China one of its core strategic pillars． I’m very proud that Amundi can build on a 40 years presence in the country．

　　In 1982， Amundi opened its Hong Kong Office． In 2006， a representation office was opened in Beijing． And in 2008， we set up our first joint-venture with Agricultural Bank of China．

　　Our strategy focuses on building long term partnerships with Chinese institutions where we can bring all portfolio and risk management know-how as much as ESG and technology expertise．

　　In September 2020， we launched a unique joint venture between Amundi and Bank of China， this structure benefits from Amundi’s expertise in the management and distribution of funds， risk analysis and product innovation． On the other hand， Bank of China possesses the experience of the Chinese markets and understanding of customer expectations．

　　We had great cooperation with our Chinese partners， and this resulted in a very quick structuration of the joint venture． We began discussions in September 2019， and the Amundi Bank of China Wealth Management has been officially launched only one year later in September 2020．

　　The JV has demonstrated a tremendous start since the launch of the operation of business in October 2020， we had around 3 billion inflows． The JV is currently around 60 staff people and we launched more than 50 products since inception． I’m very proud of the success． As Asia is the second market beyond Europe， we will keep reinforcing our presence in the region， in 11 years， our assets in Asia have been increasing from 50 billion euros to 300 billion euros， and we have the ambition to reach 500 billion by 2025．

　　In China only， we expect to reach 200 billion euros under management by 2025 ． These are ambitious targets， but I have full confidence in our ability to reinforce ways of cooperation with China．

　　I am thinking， in particular， to have innovative partnerships on the front of sustainable finance， China’s vision and JV’s willingness on the climate change front are motivating the broader cooperation between Europe and China． We are particularly impressed by the intention to reach climate neutrality by 2060．

　　And I must say that we are eager to develop new fields of cooperation between Amundi and Chinese institutions． Indeed， the question is no longer whether the financial sector should become green． But instead how quickly we can make it 100% green． Investors are increasingly recognizing climate change risks， and it is all responsibility as asset managers to be able to help them grasp all dimensions of the sustainable way of investing．

　　We have a long history of sustainability within the Amundi Group． When it was created in 2010， we made social and environmental responsibility one of our four founding pillars． For us， it was just a matter of common sense to adopt a sustainable approach when you invest over the long term． In 2021， Amundi Group manages more than 700 billion in responsible assets．

　　We are the world’s largest ESG investment manager． When we put ESG at the core of our strategy 10 years ago， it was a very unusual practice among investors and asset managers． Today， the perception of a critical emergency on the climate agenda has triggered massive awareness from companies， regulators， and investors on the need to accelerate the transition towards a low carbon economy． And I’m convinced that in 5 years， the whole industry would be 100% ESG and impact-driven． This is why we have to speed up our own transformation． And in 2018， we launched an ambitious ESG plan． I am very proud to announce that in 2021we will reach our target． We are now 100% ESG on all of our open-ended funds． We have more than doubled the number of companies covered by extra financial analysts， and we manage 25 billion euros in green investment solutions． This is a great success， but to me， it is the first milestone of a long journey． We need to go further in our transition inforce． This year， Amundi has joined the asset manager net zero lines and we intend to reach carbon neutrality in all our investments by 2050．

　　Foreign asset manager like Amundi’s ambition is nothing but taking on． It is a natural leading role in the climate transition． To achieve this ambitious target， Amundi will continue to nurture fruitful public and private partnerships with renowned institutions to help public sectors mobilize private capital．

　　This is how we push the frontiers of sustainable finance． For instance， in September 2020， the Asian Infrastructure Investment Bank and Amundi launched the Climate Change Investment Framework．

　　Our idea behind this framework is to offer institutional investors with practical tools to select and differentiate companies in emerging Asian economies that are the most equipped to face the consequences of climate change in the near future．

　　This framework is in line with Paris Agreement objectives in terms of climate adaptation， climate mitigation， and financing of a low carbon economy． This means this methodology will result in a positive incentive system for issuers to be motivated to accelerate the achievement of the Paris Agreement targets．

　　This corporation with AIIB is a perfect example of our approach on sustainable investing beyond a simple risk investment analysis of winners and losers of the systems amid the challenges． We intend to engage dialogues with insurers， investors， regulators to foster innovation and raise awareness at a global scale． I am convinced that there are still plenty of opportunities to explore with our Chinese friends， and be sure that Amundi will be at the forefront of the promising dialogue between Europe and China．