新周期下，中国资产的配置密码——第十九届HED中国峰会·深圳预告

Group 1 - The Chinese capital market is increasingly seen as a "ballast" in the global economic landscape, with A-share total market value surpassing 100 trillion yuan in August 2025, indicating a mature market ecosystem [2] - Hong Kong's IPO market leads globally with 78 new listings and over 210 billion HKD raised in the first ten months of 2025, reflecting a strong international capital interest in Chinese assets [2] - The upcoming 19th HED China Summit in Shenzhen on January 15, 2026, will gather over 400 decision-makers from private equity, securities, banking, and trust sectors to explore new opportunities in Chinese assets [2] Group 2 - Since the initiation of the "924 market," the Chinese capital market has seen both valuation and performance improvements, with the Shanghai Composite Index reaching 3,836.77 points, a cumulative increase of over 38% [3] - The technology and advanced manufacturing sectors are identified as core growth engines, with the number of technology companies in the top 50 A-share market increasing from 18 to 24 since the end of the 13th Five-Year Plan [3] - The Hong Kong Hang Seng Technology Index has risen nearly 40% year-to-date, with major companies like Alibaba and Kuaishou experiencing significant rebounds [3] Group 3 - International capital's attitude towards Chinese assets has shifted from cautious observation to proactive investment, with net inflows of foreign mutual funds into the Chinese stock market reaching 50.6 billion USD in the first ten months of 2025, a 344% increase compared to the entire year of 2024 [4] - Actual foreign investment in China amounted to 621.93 billion yuan, with significant growth in high-tech industries and investments from countries like the UAE and the UK increasing by over 13% [4] - The summit will feature insights from various institutional representatives on the underlying logic of "overweighting" Chinese assets and the selection criteria for foreign capital [4] Group 4 - Over 20 leading private equity firms have established branches in Singapore and Hong Kong since 2025, with a 35% year-on-year growth in managed assets [5] - The overseas managed assets of Chinese private equity firms surpassed 80 billion USD in the first three quarters of 2025, expanding investment areas to Southeast Asia, Europe, and the US technology stocks [5] - The summit will include discussions on the opportunities and challenges of private equity firms going global, focusing on market expansion strategies and capturing alpha opportunities [5] Group 5 - The HED China Summit addresses the evolving investment logic in China, shifting the focus from "whether to invest" to "how to efficiently allocate assets" [6] - The summit aims to replace generic discussions with precise dialogues and create a high-end communication platform for resource linkage [6] Group 6 - The summit invites over 400 industry decision-makers to engage in deep dialogues with industry leaders, facilitating resource matching and cooperation for investment strategies in the new year [7]