首席经济学家谈中国资产：“全球不可回避”！

Core Viewpoint - The 2026 China Chief Economist Forum highlighted a significant shift in the perception of Chinese assets, transitioning from "overseas optional" to "globally unavoidable," driven by policy certainty, industrial innovation, and unprecedented support from capital markets [1] Policy Determination: Solidifying Development Foundations - High policy certainty is identified as the core support for Chinese assets, with a notable shift in foreign investors' perspectives towards viewing Chinese assets as indispensable [3] - The 2025 timeline is emphasized as a pivotal year for China's strategic goals, with successful implementation of the 14th Five-Year Plan and "Made in China 2025" initiatives [3] - The "15th Five-Year Plan" is noted for its clearer direction and specific deployment across traditional and emerging industries, showcasing a robust modern industrial system [3] Industry Breakthrough: Activating Growth Momentum - A complete industrial ecosystem and efficient innovation conversion capabilities are seen as key factors for the optimism surrounding Chinese assets [6] - The strong traditional manufacturing base is crucial for nurturing emerging industries, with examples in robotics and AI demonstrating the interdependence of new and traditional sectors [6] - The AI sector is highlighted for its potential to create a virtuous economic cycle through a comprehensive industrial ecosystem that transforms technological potential into commercial value [8] Capital Focus: Investment Opportunities from Revaluation Waves - Investment opportunities in the context of the "15th Five-Year Plan" are summarized under three keywords: development, people, and security [10] - Emphasis is placed on developing new productive forces, which include both strategic emerging industries and the transformation of traditional sectors [10] - Key investment opportunities identified include mergers and acquisitions, overseas expansion of Chinese companies, technology innovation-related ventures, and opportunities in REITs and similar assets [10][11]