Investcorp执行主席：全球资本如何重估中国与新兴市场？

Core Viewpoint - The global investment environment is characterized by high uncertainty due to geopolitical factors, but there are still constructive underlying trends as governments and businesses focus on cost reduction and efficiency improvement [4]. Group 1: Global Investment Environment - The current geopolitical uncertainty is a frequent topic of discussion, but there are still opportunities for value in various regions [4]. - The Asian markets and the Gulf region are highlighted as areas with significant growth potential, with Hong Kong's capital market showing signs of recovery and active listing activities [5]. - The U.S. market, particularly in the mid-service sector, is viewed positively due to its resilience against tariffs and trade tensions [5]. Group 2: Chinese Enterprises in Global Markets - Chinese enterprises have improved their communication skills and understanding of different markets, making them more competitive internationally [5][6]. - The key capability for Chinese companies to succeed globally is effective communication, which includes understanding market cultures and investor expectations [6]. - Good corporate governance is deemed crucial for building long-term relationships with international investors, emphasizing the importance of clear organizational structures and decision-making processes [6]. Group 3: Impact of AI on Investment - AI is transforming capital allocation and value creation, with direct investments in technologies that are changing the private equity industry and the economy [7]. - AI is also being integrated into business processes to enhance fundraising, wealth management, and liquidity arrangements, thereby improving operational efficiency [7]. - While AI is currently enhancing productivity and decision-making speed, its long-term impact on profit margins and returns will become clearer as the infrastructure matures [8]. Group 4: Risks and Recommendations - One major risk identified is the potential for rising interest rates, which could pose challenges for investment and financing [11]. - For Chinese entrepreneurs looking to enter international markets while facing geopolitical risks, a strategy of reducing internal competition and forming stronger, more efficient entities is recommended [10].