2026全球投资新趋势： “聪明地配置中国资产”

Core Insights - China has become a focal point for global investors, with a consensus that the market is worth investing in, shifting the focus to strategies for smart allocation [1] - The year 2026 is anticipated to be a critical juncture for overseas capital reassessing and reallocating to Chinese assets, driven by factors such as declining interest rates and the AI revolution [1][6] Investment Themes - Three main investment themes favored by foreign capital include technological innovation, overseas industrial chains, and valuation recovery [2] - AI is highlighted as a significant theme, with Chinese tech giants expected to perform well due to breakthroughs in AI, a robust domestic market, and supportive policies [2][8] - The shift of Chinese companies from merely exporting products to establishing overseas production and supply chains is seen as a flexible investment opportunity [3] Valuation Recovery - Many A-share companies related to consumption and real estate are currently undervalued compared to historical averages, presenting potential for valuation recovery if these sectors stabilize [3][6] - The "anti-involution" policies are expected to positively impact certain industries by improving product pricing and profitability [4] Positive Signals - Since 2025, there has been a noticeable acceleration in foreign capital reassessing Chinese assets, with positive signals emerging from policy, corporate performance, and funding [6] - Institutional investors have shown increased interest in Chinese equities, with significant inflows into A-shares and Hong Kong stocks [6][7] Market Outlook - Despite recent market fluctuations, many foreign institutions believe the long-term bullish trend for A-shares remains intact, viewing current volatility as an opportunity for strategic positioning [7] - The ongoing AI revolution is expected to continue driving growth opportunities in related sectors, supported by a likely shift towards looser monetary policy from the Federal Reserve [7][8]