投资中国！养老金巨头出手

Group 1 - A German pension fund, KZVK, has entrusted $50 million to Franklin Templeton's Hong Kong subsidiary for investments in Chinese stocks, covering Hong Kong, mainland China, and US-listed Chinese companies [1] - KZVK manages assets worth €34.1 billion and serves over 240,000 pension beneficiaries [1] - Franklin Templeton's Hong Kong branch was established in 2012 and holds multiple licenses from the Hong Kong Securities and Futures Commission [1] Group 2 - Some European institutional investors are preparing to issue tenders for investment mandates, indicating a potential increase in interest in Chinese markets [2][3] - The overall activity of large overseas institutional investors in China has been limited, with many focusing on contract renewals rather than new allocations [3] - There is a growing interest among UK, Spanish, and Italian institutions in diversifying their portfolios to include non-US assets [3] Group 3 - Wellington Management, a major US asset manager, suggests that China should be included in future investment strategies as the dominance of US markets shows signs of peaking [6] - The firm notes that global investors' allocation to Chinese stocks is down 53% from its peak in 2020, highlighting an opportunity for reallocation [6] - Wellington provides ten reasons for considering Chinese stocks, including attractive valuations, improving fundamentals, and supportive government policies for the private sector [6][7]