Zhang Xiaojing: Stable cash flow assets, hard technology independent assets, and physical resource assets will become the "iron triangle" of the new era's wealth structure.

At the 2026 Jinchengfang Forum on Financial Street, Director Zhang Xiaojing of the National Finance and Development Laboratory of the Chinese Academy of Social Sciences stated, "Safety premium" reshapes the underlying logic of wealth evolution. In terms of asset allocation strategy, the focus is shifting from "how to earn higher annualized returns" to "how to ensure that the purchasing power of wealth is not eroded by inflation, and that ownership is not frozen or restricted." Stable cash flow assets, hard technology independent assets, and physical resource assets will become the "iron triangle" of the new era's wealth structure.