国海富兰克林基金徐荔蓉： 资产管理机构需发挥专业能力

Group 1 - The core viewpoint of the articles emphasizes the ongoing systematic and deep value reassessment of Chinese assets, including A-shares and Hong Kong stocks, driven by China's irreplaceable position as a global growth engine and innovation source [1][2] - Guohai Franklin Fund has over 13 years of experience in cross-border investment services, catering to long-term institutional investors such as sovereign funds, with a client network spanning Hong Kong, the Middle East, Europe, and Southeast Asia [1] - The company maintains frequent and in-depth communication with global investment teams, leveraging the global network of its foreign shareholder, Franklin Templeton Investments [1] Group 2 - There is a significant mismatch between the allocation weight of Chinese equity assets in global investment portfolios and China's share of the global economy, indicating a potential for increased foreign investment allocation [2] - Key trends for future foreign capital allocation include a systematic return to reasonable allocation levels, a new funding structure characterized by stability and continuous inflow, and the strategic value enhancement of Chinese assets due to the internationalization of the Renminbi [2] - The valuation recovery of Chinese assets is expected to continue, supported by the ongoing improvement of the domestic economy, coordinated macro policies, steady capital market reforms, and the increasing quality and investment value of listed companies [2]