利好来了！国际投行宣布：上调！

Group 1 - UBS has upgraded its global stock rating to "attractive" due to stronger-than-expected economic growth, easing tariff pressures, and a robust investment cycle driven by artificial intelligence [1][3][4] - The firm has specifically raised the rating for Chinese technology stocks to the most attractive category, citing increasing confidence in the ability of leading Chinese tech companies to monetize artificial intelligence [2][6] - UBS forecasts global earnings growth for 2025 to be revised up from 6.5% to 8%, with expectations of high single-digit growth next year, supported by improved economic conditions and favorable fiscal policies [5][6] Group 2 - UBS emphasizes the structural trends supporting the market, including strategic collaborations among AI-leading companies, which enhance confidence in sustainable capital expenditure cycles and higher revenue visibility [4][5] - The firm notes that significant collaborations between large enterprises and AI chip companies are expected to drive capital expenditures related to AI beyond initial forecasts, indicating long-term resilience [4] - UBS highlights that foreign investment in the Chinese stock market is recovering, with net inflows reaching $4.6 billion in September, the highest monthly figure since November 2024 [6][7] Group 3 - Investor sentiment towards Chinese stocks is increasingly optimistic, with over 61% of global institutional investors believing emerging market stocks will outperform developed markets, up from 49% in June [7] - The report indicates that more than half of the surveyed investors view the prospects for the Chinese stock market favorably, reflecting growing confidence in China's economic policies [7] - UBS continues to recommend that investors reassess their stock allocations, suggesting a shift from cash or bonds to equities, particularly in the technology sector [6][8]