达沃斯独家丨Investcorp执行主席：全球资本如何重估中国与新兴市场？

Group 1: Global Investment Environment - Geopolitical risks are a high-frequency topic of discussion at the Davos Forum, with global capital reassessing its allocation direction amid slowing growth and rising uncertainties [1] - Despite high uncertainty, a constructive underlying trend is observed, with governments and market participants focusing on cost reduction and improving investment environments [3] - Value remains present globally but is more dispersed and reliant on execution and fundamentals [3] Group 2: Attractive Growth Opportunities - Asia and the Gulf region are highlighted as areas with significant growth opportunities, with Hong Kong's capital market showing signs of recovery and active listing activities [4] - The U.S. is viewed positively, particularly in the mid-service sector, which is less affected by tariffs and trade tensions [4] - The Gulf region stands out due to clear policy directions, ongoing reforms, and a defined economic transformation agenda [4] Group 3: Chinese Enterprises in Global Markets - Chinese enterprises have improved their communication skills and understanding of different markets, enhancing their international competitiveness [5] - Key capabilities for success in global markets include governance, with a focus on clear organizational structures and transparent decision-making processes [5] - The overall trend shows improvement in communication and operational capabilities among Chinese firms [5] Group 4: Impact of Artificial Intelligence (AI) - AI is transforming capital allocation and value creation, with direct investments in technologies that change private equity and the real economy [6] - AI is also being integrated into business processes to enhance efficiency in fundraising, wealth management, and liquidity arrangements [6] - While AI is improving production efficiency and decision-making speed, its long-term impact on profitability and returns will become clearer as the infrastructure matures [7] Group 5: Concerns and Recommendations - There are concerns about potential bubbles in AI investments due to rapid capital influx and uncertain returns [8] - For Chinese entrepreneurs looking to enter international markets, reducing internal competition and forming stronger entities may be beneficial strategies [9] - A key risk to watch is the potential rise in interest rates, which could pose challenges for investment and financing [10]