In 2019，the downward pressure on global economic growth has increased，but policy support has increased，central banks in various countries have cut interest rates，and the world has once again entered a currency easing cycle. Looking ahead to 2020，recovery of world economy still faces many difficulties and uncertains In order to prevent further economic downturn and maintain a high economic growth rate，central banks in various countries may continue to maintain easing policies，but the easing margins of developed countries are limited. Loose monetary policy will boost asset prices，and the prices of various assets will face revaluation. From the perspective of global asset allocation，China’s economy is still stronger than that of major economies. To this end，it is proposed to increase the allocation of domestic equity assets.