外资巨头，深挖中国科技股

Group 1 - The core viewpoint of the articles indicates that foreign public funds are optimistic about the Chinese stock market, particularly in the technology sector, which is expected to undergo a historical value reassessment by 2026, potentially generating excess returns [1][7][10] - Since 2025, the A-share market has shown resilience, with the Shanghai Composite Index stabilizing around 4100 points, and several foreign public fund products have reported significant performance, with net value increases exceeding 50% for multiple funds [3][8] - Foreign public funds have focused their investments on high-quality technology assets, with notable holdings in leading Chinese tech companies such as Tencent, Zhongji Xuchuang, and Han's Laser [3][4][5] Group 2 - Fund managers from various foreign public funds have expressed a commitment to maintaining a high equity position, focusing on growth-oriented investment opportunities in sectors like high-end manufacturing, electric vehicles, and AI technology [5][6] - The outlook for the A-share market in 2026 is positive, with fund managers highlighting the significant allocation value of Chinese stocks compared to RMB bonds, suggesting a continued overweight in equities [8][10] - There is a consensus among fund managers that high-quality technology assets are likely to continue yielding excess returns, with a focus on sectors benefiting from innovation and structural changes in the economy [9][10]