2022 年，随着各国央行加息，世界银行警告全球经济可能陷入衰退。由高通胀、潜在经济衰退及利率上升带来的多重压力已导致金融市场出现动荡。EquitiesFirst会在本报告中分享我们过去一年的观察，以及对2023 年的见解和预测。

Thailand is one of the largest markets in Southeast Asia by market capitalization. This volume highlights how EquitiesFirst’s business in growing for both equities and crypto in Thailand and how the 40% of Thai listed companies that are eligible for EquitiesFirst financing can benefit from their industry leading terms.

Movements that happen in the United States and China have historically affected Hong Kong’s stock market. This volume explores how rising interest rates in the U.S. and China’s 20th National Congress could affect the Hang Seng Index and how EquitiesFirst’s solution can mitigate uncertainty.

The latest U.S. inflation data has led equity markets to expect a continued liquidity drought caused by forecasted elevated interest rates well into 2024. This volume explores how EquitiesFirst’s securities-based financing provides an innovative solution for investors to raise capital and diversify their portfolios while maintaining the upside potential of their core holdings.

Family offices are incorporating private debt into their investment strategies as they seek to diversify their portfolio with investments that are less correlated to the markets. This volume demonstrates how EquitiesFirst partners with family offices in various aspects to grow their AUM.

Higher interest rates caused by inflation create higher interest payments for floating rate borrowings and added pressure on assets including shares. Companies also need to offer higher rates to raise funds during inflation…