天猫

Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站

A |     

    Visitors interact with a robot from Unitree Robotics during the sixth China International Consumer Products Expo (CICPE) in Haikou, south China's Hainan Province, April 14, 2026. (Xinhua/Gao Jing)Foreign financial institutions are finding a stronger investment case in China's hard-tech industries as breakthroughs in AI, semiconductors, and advanced manufacturing are driving more exports, higher earnings, and growing interest from global investors.
China's high-tech exports surged over 50 percent year on year in July, well ahead of the 17.8-percent growth in total exports, customs data showed. The export gains are being mirrored in investment flows, with foreign funds moving into Chinese technology stocks and global indices adding newly listed hard-tech companies.
Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, said China's low-cost and abundant electricity supply, growing talent pool and early lead in physical AI are driving the rapid development of its AI industry chain.
China's development of open-weight models could accelerate their adoption by businesses, allowing productivity gains from AI as a general-purpose technology to spread more quickly across the economy, he said, citing models from Chinese firms including DeepSeek and Moonshot AI.
"The lower cost of these models was another advantage," he said, adding that the benefits could extend beyond China, particularly to emerging markets that could adopt cheaper Chinese AI models.
China's strength in advanced manufacturing has also become increasingly evident, said Robin Xing, chief China economist at Morgan Stanley, pointing to China's roughly half share of global installed new energy storage capacity and the rapid growth in outbound licensing deals for innovative drugs. These trends, he said, underpin the long-term investment case for China's hard-tech sector and leading manufacturers.
These strengths are increasingly being reflected in foreign investors' allocation decisions. This year, Goldman Sachs has twice raised its 12-month target for the CSI 300 on improving earnings momentum, and retained an overweight view on Chinese equities.
Kinger Lau, chief China equity strategist for Goldman Sachs Research, said the bank's positive view reflected improving earnings momentum, favorable macroeconomic and liquidity conditions. A-share equities offered international investors diversification benefits that remained underappreciated, along with attractive exposure to hard-tech and AI themes, he added.
Individual companies are drawing overseas interest too.
ChangXin Memory Technologies surged 465.82 percent on its debut on Shanghai's STAR Market last month, reaching a market capitalization of more than 3.2 trillion yuan (about 471.28 billion U.S. dollars).
U.S.-based Tema ETFs made the chipmaker a top holding at a 10.56 percent weight on its debut day, while MSCI officially added it to its China All Shares Index on Monday under a fast-track rule for large IPOs.
Robotics is where the enthusiasm is most visible. Unitree, set to become China's first mainland-listed humanoid robot maker, priced its Shanghai IPO at 150.8 yuan a share, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.1 billion yuan in gross proceeds.
That optimism, however, exists alongside broader economic pressures. Nathan Chow, senior economist at DBS Bank, said the imbalance between relatively strong supply and weak demand remained pronounced, with household consumption and some companies' profitability still under pressure.
Investment in infrastructure could help offset the weakness in private investment in the near term, while lowering logistics and energy costs and improving the efficiency of resource allocation over the longer term, Chow said. It could also strengthen supply chains and reduce the economy's exposure to external shocks and geopolitical risks, he added.
The implementation of policy measures would be key to sustaining the recovery in the second half of this year, analysts noted.
Economic management requires both easing the brakes and stepping on the accelerator, said Song Yu, chief China economist at UBS Securities, adding that faster fiscal spending and the use of bond proceeds, additional policy support and better coordination between fiscal and financial policies are needed, alongside measures to remove barriers to household consumption and improve the business environment.
"With stronger policy support and measures taking effect, China's economy is expected to maintain a steady recovery in the second half of the year," Chow said.
。    中新网上海8月20日电 (记者 李姝徵)上海金融法院20日召开新闻发布会，发布《关于增强上海国际金融中心竞争力和影响力的司法保障意见》(以下简称《意见》)。         　　随着“十五五”规划将上海国际金融中心建设纳入国家部署，上海金融开放枢纽门户功能持续凸显。

B | 上海金融法院党组书记、院长赵红表示，上海国际金融中心竞争力和影响力的核心，在于规则竞争力和影响力。金融司法通过裁判树立规则，参与和引领国际金融治理。         　　上海金融法院系全国首个金融法院，自成立至今已有8年。上海金融法院方面表示，出台《意见》，旨在充分发挥金融审判职能作用，满足金融市场对于加强境内外规则兼容对接的司法需求，促进国内国际两个市场联通，进一步优化法治化和国际化营商环境，助力增强上海国际金融中心的竞争力和影响力。         　　《意见》共计18条，分为总体要求和具体举措两大部分。

C | 在总体要求上，《意见》通篇贯穿“坚持党的绝对领导”这一核心政治要求，明确提出要坚持助力增强全球竞争力和影响力、坚持协调兼顾金融制度型开放和系统性安全、坚持一体保障“走出去”“引进来”、坚持平等保护中外当事人合法权益等总体原则，构建系统科学的涉外金融司法保障框架。

D | 在具体举措部分，《意见》聚焦上海建设离岸金融体系，打造具有全球影响力的科创高地、全球资产管理中心、人民币资产全球配置中心、国际再保险中心以及加强金融基础设施互联互通等重点领域的实体法律问题，明确金融裁判规则和司法态度。并从案件管辖、审理、执行环节全方位提升涉外审判能级，为中外当事人提供公正、高效、便捷、可预期的金融司法服务。同时，《意见》提出系列保障措施，为上海参与共建公正合理的全球金融治理体系提供全方位司法支撑。                        　　赵红介绍，《意见》主要有三方面功能定位：一是促进内外规则有机衔接，助力上海完善国际规则策源功能。二是规范金融要素双向流动，支撑上海发挥对外开放枢纽作用。三是防范金融风险跨域传导，保障中国金融市场安全稳定。(完) 【编辑:王琴】。

Current article:http://xg0z.cuiguagonggengaotianwan.shop/news/20260826_43038.html

Published on:00:00:00