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  • Tao Dong (陶冬)
    Gender : Male
Scholar
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Occupation

Managing Director of Credit Suisse, Chief Economic Analyst for Asia, Director of China Chief Economist Forum

Experience

He joined Credit Suisse First Boston in 1998 and is responsible for economic research in Asia. It focuses on the research of China's economy, but also takes into account the research of other countries and regions in Asia. Previously, he was a senior economic analyst and head of China Research at Baoyuan Securities in Hong Kong. Tao Dong is a PhD from University of Utah, Chief Economist for Credit Suisse First Boston (CSFB) Asia, and Director of Credit Suisse First Boston. Selected for many years in a row by the authoritative industry magazines and the "Asian Institutional Investors" Asian Economic Analyst Ranking. He has made forward-looking analysis and early warning of the Asian financial turmoil in 1997 and China's macro-control in 2004. He has worked in China, the United States and Japan, and has been stationed in Hong Kong since 1994.

Main Opnions

For investors, zero negative interest rates may become the new normal in the next decade. The rate of return on bank savings and wealth management products is expected to fall again and again, and those who depend on this type of income for their livelihoods may face a dilemma of over-payments. Under such circumstances, the profitability of financial institutions will face major challenges, and inadvertently, they may even endanger capital. QE is essentially the redistribution of income for the poor and the rich, and the real income of those at the bottom of the society who lack investment opportunities or capabilities will further decline, which will inevitably further tear the society. However, due to the dislocation of politicians' interests, tenure and means, things like drinking and quenching thirst have happened again and again. The author's suggestion is to lock in long-term stable returns as soon as some assets still have reasonable returns. Don't worry about the current returns are much lower than in the past, the ecological environment has changed, and your investment strategy should also be changed.

 

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