第一财经·2025-09-11 06:22Core Viewpoint - Recent trends indicate a significant increase in interest from international investors towards Chinese assets, with the Nasdaq Golden Dragon China Index reaching a six-month closing high, driven by factors such as advancements in technology and supportive government policies [3][4]. Group 1: Market Performance - The Nasdaq Golden Dragon China Index rose by 1.5% to 8230.86 points on September 9, marking a near six-month closing high [3]. - Alibaba's American Depository Receipts (ADR) increased by 4.18%, with a year-to-date gain approaching 75% [3]. Group 2: Investor Sentiment - Morgan Stanley reported that U.S. investor interest in the Chinese market has reached its highest level since 2021, with over 90% of investors expressing willingness to increase exposure to China [3][4]. - Interest is expanding beyond internet and ADR sectors to include Hong Kong stocks and onshore A-shares, focusing on areas like artificial intelligence, semiconductors, and new consumption [4]. Group 3: Future Projections - Citigroup forecasts that the Hang Seng Index could reach 26,800 points by the end of 2025, with further increases expected in 2026 [4]. - The focus of China's "14th Five-Year Plan" (2026-2030) will include economic development, technological innovation, and green development, with key industries identified as artificial intelligence, data centers, and renewable energy [4].