On the whole, Blackrock believes that the investment prospects in Asia are good, and it is necessary to seize the momentum of economic recovery. Asian emerging economies, in particular, are now better able to withstand external financing risks than in the past, but also better than other emerging countries. As a result, Blackrock remains optimistic about the outlook for Asian risky assets in the coming months.

In terms of credit and equity portfolio layout in Asia, economic recovery, reflation and sustainable development are the three major investment themes at present, while Blackrock is also concerned about whether issuers and companies can successfully meet the current challenges of climate change.

The current risk factors include three main aspects: inflation derailing the process of economic growth, the impact of rising geopolitical tensions on financial markets, and setbacks in epidemic prevention and control.

Blackrock believes that even if the current geopolitical tensions may escalate, this develo