全球资本为何必然涌入中国？孙加滢：除了便宜 还有三大关键理由

Group 1 - The core logic behind the recent A-share market reaching 3800 points is a global capital reallocation trend, which has become increasingly evident [1] - Warren Buffett has been reducing his US stock holdings and shifting towards other markets, indicating a macro allocation strategy that investors should recognize [1] - There is a significant valuation disparity between global markets, with the Dow Jones at a P/E ratio of 9, Nasdaq at 7, while the Shanghai Composite and CSI 300 are only at 1.3 [1] Group 2 - China is highlighted as one of the lowest-valued assets globally, with advantages such as a safe living environment, high economic growth, robust infrastructure, and strong industrial capabilities [1] - The influx of global capital into China is anticipated once undervalued assets begin to trend upwards, as evidenced by recent capital inflows into the Hong Kong market [1] - The notion that geopolitical factors like financial wars and political sanctions deter capital flow is deemed inappropriate, as capital is primarily driven by profit motives [1]