Brand Summit | Surge in Crude Oil Prices, AI Logic Changes, Where Will the Excess Returns Be in 2026? The 20th HED China Summit · Shanghai Grand Opening

Ask AI · How the AI Computing Power Competition Will Reshape Investment Moats in 2026?

If you are still using the investment framework from the past two years, the market in 2026 may feel unfamiliar.

Since March, the situation in the Middle East has changed dramatically, causing a major shock to the global oil supply, and international oil prices have surged accordingly.

Meanwhile, the AI track is experiencing intense differentiation—computing power and data are becoming new moats, while some software and internet companies lacking practical scenarios and performance support are under continuous valuation pressure.

On one side are geopolitical storms; on the other, technological revolutions. Old logic is failing, and a new cycle has already begun. Whether it’s public funds, private equity, or asset management institutions, or banks, insurance companies, and family offices, they are all caught in the same core confusion: in this new cycle, how to capture Alpha?

On June 17, the 20th HED China Summit · Shanghai aims to answer this question.

Three core topics,

Directly addressing the key investment pain points in 2026

01. Macro and Global Capital: Locking in Alpha in the New Cycle

As global capital accelerates its migration and the classic “U.S. stocks + gold” portfolio begins to wobble, how can we re-understand the underlying logic of asset pricing? Lu Zhe, Chief Economist of Dongwu Securities, will analyze the 2026 global macro trends on-site, interpret the flow of global capital and the allocation directions for Chinese assets. Meanwhile, top global investment bank investment leaders will deeply dissect the asset pricing logic under the new cycle and explore core opportunities for global capital to deploy in China.

02. AI and Quantitative Investing: Breaking Industry Development Bottlenecks

As a featured segment of the HED summit, the Quantitative Forum has been refined over multiple editions and has become a core platform for precise connection between domestic quantitative institutions and institutional investors. Past guests include leaders from Ming Stone Fund, Qianshuo Investment, Juqun Investment, and other top organizations. This year, the Quantitative Forum will continue its high-standard configuration, inviting founders of domestic billion-yuan private quant funds, frontline fund quant investment leaders, and senior AI technology executives to deeply explore how artificial intelligence can reconstruct the asset management ecosystem and help quantitative investing break through scale limitations and strategy constraints.

03. Major Assets and Wealth Management: New Solutions for Hard Assets and Cross-border Allocation

With normalized geopolitical risks, the hedging function of traditional stock and bond portfolios is weakening. Family offices and private banks face greater challenges: how to maintain the bottom line amid volatility while capturing structural opportunities, without letting “diversification” turn into “risk exposure”? Against this backdrop, the summit features a Major Assets and Wealth Management forum, inviting top family office leaders, general managers of private banking departments at multiple banks, and cross-border tax experts to analyze the strategies and defenses of wealth management in 2026.

Decades of Accumulation, Walking with Top Investors

As one of China’s top summits with long cycles, broad industry influence, and high professionalism in the capital market, the China Finance Vision-hosted HED Summit has become a key bridge connecting macro research, global capital, real economy, and asset management institutions. It has invited nearly 700 top global speakers and attracted over 4,000 senior institutional investors on-site, covering banks, insurance, securities firms, public funds, private funds, family offices, and leading global financial institutions. Past speakers include chairpersons of bank wealth management subsidiaries, assistant general managers of Taibao Asset, vice presidents of Deutsche Bank, Chief Investment Officers of BlackRock China, and hundreds of industry leaders.

The summit evening will also feature the “20th Jiefu Glory Night” Awards Ceremony. The “Jiefu Award,” initiated by China Finance Vision in 2015, aims to promote industry innovation and honor excellence. After ten years, it has become an important benchmark in China’s financial asset management industry. At that time, many institutions from banks, wealth management subsidiaries, securities firms, and public and private funds will gather to witness this year’s moment of glory.

On June 17, in Shanghai, explore the investment secrets of the new cycle with top industry leaders!

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Event Schedule Overview

Main Forum

Global Perspective and Macro Layout

09:00-09:10

Opening Remarks: Investment competition shifts from single strategies to systemic battles—how can institutions break through through ecological cooperation?

09:10-09:50

Keynote Speech: 2026 Global Macro Outlook—Inflation Resilience and the Rebuilding of Fiat Currency Credibility

09:50-10:40

Roundtable: Reshaping the Logic of Investing in China—Finding Alpha in 2026

10:40-11:00

Tea Break and Networking

11:00-11:40

Roundtable: Hong Kong, U.S. Stocks, and Global Tech Assets—China Capital’s Next Stop?

11:40-12:10

Keynote Speech: AI Bubble and Opportunities—From Computing Infrastructure to Vertical Scenario Value Discovery

12:10-13:30

Lunch and Networking

Afternoon (Breakout Sessions)

Breakout A

AI-Driven and Quantitative Evolution

14:00-14:40

Roundtable: AI Model Competition 2.0—From Computing Power Advantages to Data Barriers

14:40-15:20

Roundtable: Multi-Strategy Transformation Under Quant Capacity Constraints

15:20-15:50

Tea Break and Networking

15:50-16:20

Keynote: Practical Guidance on Tech Tax Incentives for Quant Funds

16:20-17:00

Roundtable: Quantitative Overseas Expansion—Practical Operations in Hong Kong, Singapore, or Cayman Islands Markets

17:00-17:30

Keynote: Is AI Eliminating Alpha?

Breakout B

Macro, Private Banking, and Major Asset Allocation

14:00-14:40

Roundtable: Gold and Hard Assets—Core Anchors for Hedging Geopolitical Risks

14:40-15:20

Roundtable: FOF Manager Selection—From “Performance” to “Attribution”

15:20-15:50

Tea Break and Networking

15:50-16:30

Channel Dialogue: Private Banking Wealth Management—From “Selling Products” to “Portfolio Matching”

16:30-17:15

Roundtable: Cross-border Asset Allocation 3.0—CRS, Global Tax Systems, and Offshore Structure Optimization

17:15-18:00

Roundtable: U.S. Bonds and Interest Rate Turning Points—Global Fixed Income Repricing

18:30-19:30

20th Jiefu Glory Night Awards Ceremony

Breakout C

Stock Long Strategies and Hot Industries

14:00-14:30

Keynote: Industry Main Themes of Structural Market in 2026

14:30-15:20

Roundtable: Are Hot Industries Truly Growing or Just Sentiment Premium?

15:30-16:00

Keynote: Investment Opportunities in Commercial Space and Military-Civilian Integration

16:00-16:30

Keynote: Profit Realization Paths in Humanoid Robot Industry Chain

16:30-17:20

Roundtable: How Long-term Growth Investing Can Navigate Valuation Fluctuations?

Closed-Door Session A

Private Wealth Sub-Company Closed-Door Meeting

Closed-Door Session B

Insurance Closed-Door Meeting

Previous Speakers

(*Names not in order)

(Note: Speakers’ titles are their positions at the time of speaking, not current positions.)