桥水，中国市场新动作

Group 1 - The core focus of the news is Bridgewater's recruitment for a "China Policy AI Research Assistant," indicating a strategic emphasis on integrating AI with macroeconomic research related to China [1][2] - The position aims to enhance Bridgewater's understanding of the Chinese policy environment and its impact on assets and the economy, utilizing AI tools to process Chinese policy documents and data [2][3] - This recruitment is part of Bridgewater's broader strategy to strengthen its Asian strategy team, which seeks to develop leading investment research and strategies in Asia [2][3] Group 2 - The trend of combining subjective research with AI is gaining traction in the investment industry, with Bridgewater exemplifying this shift by integrating AI into its macroeconomic research framework [3][4] - Bridgewater has established an AIA lab focused on using AI and machine learning to generate excess returns, indicating a significant transformation in its talent strategy towards hiring more data scientists [3][4] - Other asset management firms, such as BlackRock, are also adopting AI in their investment strategies, highlighting a broader industry movement towards AI-enhanced active investment approaches [4] Group 3 - Bridgewater's increased focus on Chinese macro policy research may signal a greater emphasis on investment opportunities in the Chinese market by 2026, as indicated by their analysis suggesting a need to diversify away from U.S. assets [5][6] - The firm recommends reducing exposure to U.S. markets while increasing allocations to Asian and emerging markets, which are seen as having lower correlation with U.S. assets and potential for diversification [5] - There is a growing enthusiasm among foreign institutions for Chinese assets, particularly in the technology sector, with significant net inflows into various U.S.-listed Chinese ETFs at the beginning of 2026 [6]