BABA(US:BABA) Di Yi Cai Jing Zi Xun·2025-09-11 05:41Group 1 - The Nasdaq Golden Dragon China Index reached a six-month closing high, rising 1.5% to 8230.86 points on September 9, with Alibaba's ADR increasing by 4.18% and a year-to-date gain of nearly 75% [1] - Morgan Stanley reported that U.S. investor interest in Chinese markets has reached its highest level since 2021, with over 90% of investors expressing willingness to increase exposure to China, a significant rise since early 2021 [1] - Multiple factors are driving this trend, including China's leadership in advanced fields like humanoid robotics and biotechnology, gradual economic stabilization measures from policymakers, improved liquidity, and a demand for diversified global asset allocation [1] Group 2 - Investor interest is expanding beyond internet and ADR sectors to include Hong Kong stocks and onshore A-shares, focusing on areas such as artificial intelligence, semiconductors, robotics, and new consumption [2] - Citigroup forecasts the Hang Seng Index to reach 26,800 points by the end of 2025, with further increases expected in 2026, attributing H-shares to benefit more directly from the Federal Reserve's interest rate cuts [2] - Citigroup emphasizes that the "14th Five-Year Plan" (2026-2030) will focus on economic development, technological innovation, social welfare, green development, and reform, highlighting key industries such as AI, data centers, semiconductors, tourism, healthcare, insurance, and renewable energy [2]