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不可不投 全球正重估中国资产
Zhong Guo Zheng Quan Bao·2025-10-19 20:13

Core Viewpoint - The world is reassessing Chinese assets, and it has reached a stage where investment in China is essential [1][2] Group 1: Investment Perspective - The founder of APS believes that the risk premium for Chinese assets has significantly decreased, leading to potential P/E ratio expansions of 20%-40% for many companies [2][7] - There is a strong fundamental basis for investing in Chinese stocks, contrary to some international opinions that question the investment value of China's capital markets [2][3] - The founder emphasizes that the perception of Chinese assets by foreign investors is less important than how Chinese investors view them [2][3] Group 2: Economic Strengths - China's GDP growth rate continues to outpace that of Germany, the UK, Japan, and the US, and this trend is expected to persist for many years [3][4] - China leads in various fields such as 5G, upcoming 6G, drones, lithium batteries, high-speed rail, electric vehicles, and the BeiDou navigation system [3][4] - The country has established a robust manufacturing ecosystem, producing 35% of the world's industrial products, which is expected to strengthen further with AI integration [4][5] Group 3: MIT Advantage - The "MIT" framework represents Manufacturing, Innovation, and Talent, which are seen as China's competitive advantages [4][5] - Manufacturing in China is supported by a comprehensive infrastructure that is unlikely to be replicated by any other country in the foreseeable future [4] - Innovation is increasingly evident in Chinese enterprises, with a significant number of STEM graduates contributing to research and development [5][6] Group 4: Historical Context and Future Outlook - The founder has a history of successful investments, including a notable contrarian investment in Chinese A-shares during a period of widespread pessimism [6][7] - The current strength of China's economy and its ability to withstand external pressures suggest a further reduction in the risk premium associated with Chinese assets [7] - There is optimism that overseas investors will recognize the investment value of the Chinese market, leading to renewed growth in the stock market [7]