当全球资本“共识”，遇见中国市场“底气”

Core Viewpoint - The Chinese assets, including A-shares and Hong Kong stocks, are undergoing a systematic and deep value reassessment process, driven by global capital consensus and China's market fundamentals [1][4][10] Group 1: Investment Trends - There has been a significant directional shift in overseas investors' perception and allocation behavior towards Chinese assets over the past year, moving from "whether to invest" to "how to invest well" [4][5] - The allocation weight of Chinese equity assets in global investment portfolios is severely mismatched with China's economic share globally, indicating substantial future allocation potential [5] - Future foreign capital allocation will exhibit three key trends: a systematic return to reasonable allocation levels, a new funding structure characterized by stability and continuous inflow, and an increase in the strategic allocation value of Chinese assets due to RMB internationalization [5] Group 2: Market Dynamics - The A-share market is experiencing a systematic reshaping, with significant internal driving forces enhancing the long-term positive outlook [8][10] - The strategic position of the capital market has been elevated, with top-level designs transforming into systemic long-term mechanisms that provide a solid institutional foundation and confidence support for market stability [8] - The profitability fundamentals of core Chinese assets have reached an inflection point, with signs of stabilization in traditional businesses and vast long-term growth potential driven by industrial transformation, particularly in sectors like AI [8][10] Group 3: Role of Asset Management Institutions - Asset management institutions are not only market participants but also value discoverers, idea transmitters, and ecosystem builders [10] - The company emphasizes the importance of professional communication and storytelling to help international investors understand the dynamics of the Chinese economy and corporate vitality [10] - There is a call for the asset management industry to unite in professional efforts to guide global capital in recognizing and investing in China, thereby fostering a new ecosystem for the long-term health of the capital market [10]