富达基金总经理孙晨：科技引领叠加政策红利，外资增配A股意愿不断升温

Core Viewpoint - The article highlights the fundamental shift in international investors' asset allocation strategies towards China, driven by the upcoming interest rate cuts by the Federal Reserve and increasing global geopolitical uncertainties [1][2]. Group 1: Foreign Investment Trends in China - Foreign investors are actively diversifying their sources of returns, with a growing willingness to allocate funds to A-shares in China [1][2]. - The long-term resilience of the Chinese economy, the valuation advantages of A-shares compared to mature markets, and the ongoing deepening of China's capital market opening policies are key factors supporting the increased foreign investment in A-shares [2][3]. - The Shanghai Composite Index has risen over 10% in the past two months, indicating a structural market trend that enhances the attractiveness of A-shares to foreign capital [2]. Group 2: Investment Focus Areas - The investment research team has identified three main focus areas: 1. Technology innovation sectors, particularly artificial intelligence, to capitalize on global tech trends [3]. 2. High-quality dividend assets in a low-interest-rate environment, emphasizing stable cash flow and high dividend capabilities [3]. 3. Opportunities arising from Chinese companies expanding overseas and the rapid rise of new consumption [3]. Group 3: Strategic Development in China - Fidelity has consistently viewed China as a core strategic market since entering in 2017, making steady progress in client accumulation, channel construction, team building, and product layout [4]. - The company plans to leverage its strengths through three core strategies: 1. Emphasizing the value of active management amidst the growing trend of passive investment [5]. 2. Utilizing its experience in North American pension investments to enhance domestic market offerings [5]. 3. Capitalizing on its global network to explore cross-border investment opportunities and provide comprehensive investment services [5].