投资中国！养老金巨头出手

Group 1 - The core viewpoint of the article highlights the increasing interest of European institutional investors in diversifying their portfolios by considering investments in China, with specific mention of a German pension fund's recent investment delegation to a Hong Kong asset management firm [1][3][6] - The article notes that the German pension fund KZVK has entrusted $50 million to Fuqua Asset Management (Hong Kong) for investments in Chinese stocks, indicating a significant move towards Chinese market exposure [1][3] - It is mentioned that while there has been a general slowdown in new investment mandates from overseas institutional investors, there are signs of upcoming tenders from institutions in the UK, Spain, and Italy for investment in China [3][4] Group 2 - Wellington Management, a major US asset management firm, suggests that despite a decline in US stock dominance, there is a compelling case for investors to reconsider their exposure to Chinese equities, citing a 53% decrease in global investors' allocation to Chinese stocks since 2020 [6][7] - The firm outlines several reasons for this potential investment, including attractive market valuations, improving fundamentals, and a more resilient economic model in China [6][7] - Additional factors include signs of stabilization in the real estate market, increased fiscal support from local governments, and a strategic shift towards diversifying trade partnerships beyond the US, particularly with Europe [7]