Sou Hu Cai Jing·2025-12-20 04:00Core Insights - HSBC's 2026 Q1 Global Investment Outlook indicates that the Asian market will be a major growth engine, with China being the focal point for global investors [1] Group 1: Market Outlook - HSBC Global Private Banking and Wealth Management's Chief Investment Officer for China, Kuang Zheng, states that global markets present attractive investment opportunities, with a positive outlook on the stock markets of mainland China, Hong Kong, Singapore, and South Korea [1] - The "14th Five-Year Plan" in China emphasizes self-reliance in technology, innovation, and high-quality development, suggesting that China will continue to implement economic stimulus policies to boost consumption, improve livelihoods, and stabilize the real estate market [1] Group 2: Investment Trends - The "anti-involution" policy is expected to enhance corporate profit margins, with more policies focusing on achieving the self-reliance strategy in technology [1] - There is a trend of overseas investors increasing their allocation to Chinese assets, driven by the attractiveness of China's technology sector and its independent AI ecosystem, which offers vast applications and a significant market [1] - Since April of this year, the trend of global investors allocating assets outside the U.S. is likely to continue into next year, providing strong support for Chinese assets amid increasing external uncertainties [1]