CCTV News: A series of economic data released recently showed that China's economy is accelerating its upward growth. Recently, many foreign institutions have released reports, optimistic about China's assets. The reporter learned that among the institutional research teams received by many listed companies, foreign-invested institutions are increasing, and some overseas investors have begun to increase their investment in Chinese assets.
The latest report from Goldman Sachs Group in the United States believes that the Chinese stock market has ushered in its best start in history this year. With recent breakthroughs in China's artificial intelligence and other fields, as well as increasing policy support for technological progress, more and more overseas investment institutions have begun to consider increasing their holdings in Chinese stocks. In a recent report, Citi analysts raised the rating of China's stock market from "neutral" to "overweight", and HSBC also raised the investment rating of Chinese stocks from "neutral" to "higher". Many foreign institutions have begun to reassess the value of China's assets, especially the valuation of technology stocks.
After entering March, foreign institutions including South Korea Future Assets, Allianz Investment, HSBC Global Assets, Morgan Stanley, Schroders Investment and Fidelity Management Investment have appeared on the research list of listed companies.
Wang Xinjie, chief investment strategist at Standard Chartered China's Wealth Solutions Department, said that from the perspective of the Asia-Pacific region, the number of consulting customers in South Korea, Singapore, Malaysia and the Middle East is increasing.
The latest data from the Korea Securities Depository and Settlement Institute showed that the monthly transaction volume of Korean investors investing in mainland China and Hong Kong stocks in February reached US$782 million, a month-on-month increase of nearly two times, not only hitting a new high since August 2022, but also far exceeding the scale of investment in European and Japanese stock markets by South Korea during the same period. Goldman Sachs' report noted that global investment management companies have been increasingly involved in Chinese capital market transactions recently, including new share issuance and allocation. The latest figures from the State Administration of Foreign Exchange show that foreign capital net increase in holdings of domestic bonds and stocks in February totaled US$12.7 billion.
