Oaktree Capital's Howard Marks: Strongly optimistic about the Chinese market, China's economy demonstrates unique structural advantages.

"We have widely invested in various areas in China, such as stocks, public and private debt, and real estate. Currently, our total investment in the Greater China region has exceeded 47 billion RMB." Howard Marks, Co-founder and Co-chairman of Oaktree Capital, expressed strong confidence in the Chinese market at the 2025 Lujiazui Forum held on June 18th. Despite significant volatility in global markets recently, the Chinese economy continues to show unique structural advantages, which Marks summarized as the "one, two, three, four" characteristics. The "one" represents a challenge as China gradually transitions to a high-quality growth model. Defining a "high-quality growth model" requires two transformations, the "two" being green and digital transformation. Marks believes that China has made significant progress in these two transformations, demonstrating great strides. Marks further stated that in order to achieve a leap in both quality and quantity, a "three" pronged approach is needed, with monetary policy, fiscal policy, and structural reform policy guiding and supporting during cyclical fluctuations.