China Merchants CSI Nonferrous Metal Mining ETF(159690.SZ)

Lianhua Asset's Hong Hao: Gold has become the global asset valuation anchor, and there are still opportunities in China's non-ferrous metal sector

Lianhua Asset Partner Hong Hao stated that gold may become the anchor for global asset valuation, and he expects the Chinese capital market to remain robust in 2026. He believes that the commodity cycle will transmit along the path of "precious metals - non-ferrous metals - energy," bringing sector rotation opportunities. Hong Hao advises investors to build an "all-weather" portfolio by selecting low-correlation or negatively correlated asset classes to diversify risk