本文源自：金融界AI电报 摩根士丹利认为，得益于人民币走强和流动性充裕，新年伊始成交量上升，投资者对中国境内股市的情 绪显著改善。其在报告中写道，"我们在未来6至12个月仍看好中国市场，主要考虑到持续的流动性支 持、不断推进的技术进步以及广泛的主题机会。"摩根士丹利密切关注盈利增长势头和潜在的额外财政 支持，特别是任何与房贷补贴相关的措施。 ...

21世纪经济报道记者周潇枭 见习记者张旭 北京报道 12月4日，商务部举行新闻发布会。商务部新闻发言人何亚东对中法经贸合作、稀土出口管制等议题进 行了回应。 12月4日上午，中国商务部和法国经济、财政和工业、能源与数字主权部在京共同主办中法企业家委员 会第七次会议，150多位中法企业代表参会，围绕绿色低碳合作发展新范式、产业转型消费变革新趋 势、创新领域跨境投资新机遇三个主题开展研讨，普遍表达了深化双边合作的坚定信心与强烈意愿。 中国商务部和法国经济、财政和工业、能源与数字主权部签署了《关于加强中法两国双向投资的谅解备 忘录》。双方将支持和鼓励两国企业加大双向投资，为对方企业提供公平、公正、非歧视、可预期的营 商环境。 "下一步，我们将与法方共同落实好两国元首达成的重要经贸共识，持续推动中法务实合作走深走 实。"何亚东说。 欢迎各国投资人来华投资 发布会现场，图 片来自商务部官网 推动中法务实合作走深走实 12月3日，法国总统马克龙抵达北京开始访华行程。 何亚东介绍中法经贸合作时表示，在两国元首战略引领下，中法各领域经贸合作取得丰硕成果，充分发 挥了中法关系"压舱石"和"推进器"的作用。 双边贸易扩量提质，今 ...

退出方面，他介绍说，今年启明创投已经有7个IPO，最有影响力是影石创新，上市后表现非常亮眼。 来源：睿见Economy "今年我们也差不多同时启动了美元和人民币新基金的募集。在美元端，我们感受到LP对中国的创新还 是有兴趣的，同时我们也看到其他区域的投资者对中国市场的投资兴趣在加大，募资工作总体还是蛮顺 利的，在加大力度往前推进"。 12月2日-5日，"第二十五届中国股权投资年度大会"在深圳举行。启明创投主管合伙人胡旭波出席并演 讲。 胡旭波表示，从投资端来看，从去年5、6月份开始启明创投在加大投资力度。"我们略微统计了一下， 从去年6月份到今年6、7月份，投了接近5亿美元，投资力度还是比较大的"。 ...

商务部新闻发言人何亚东表示，近期日本首相高市早苗公然发表涉台错误言论，严重破坏了中 日关系的政治基础，日方对此负有不可推卸的责任。 在今天下午召开的商务部例行新闻发布会上，新闻发言人就中方是否会采取必要措施反制日本 进行了回应。 中国是全球第二大消费品市场，拥有全球最大规模中等收入群体，蕴含着巨大的投资和消费潜 力。同时，中国致力于高质量发展绿色化、数字化、智能化转型，加快推进产业配套能力强， 是新一轮科技革命和产业变革的最佳应用场景。 商务部新闻发言人 何亚东： 关于日本首相高市早苗的涉台错误言论，中方已多次阐明严正立 场，敦促日方立即纠正错误言行，以实际行动体现对中方承诺，为两国正常经贸合作创造条 件。如果日方一意孤行，中方将采取必要措施，一切后果由日方承担。 来源丨央视新闻 编辑丨刘雪莹 SFC 商务部新闻发言人 何亚东： 中国始终是外商理想、安全、有为的投资目的地，包括日资企业 在内的跨国公司都表示看好中国市场。今年以来，中国新设立外商投资企业数量5.4万家，同 比增长14.7%。中国始终坚持对外开放的基本国策，我们欢迎各国的投资者来华投资兴业，共 享中国发展机遇。 ...

【导读】2025年上海证券交易所国际投资者大会举行，全球投资者对中国市场的长期配置价值愈发看好 中国基金报记者 储是 投资与深耕中国市场，已成为全球投资者的共识。 11月12日至13日，2025年上海证券交易所国际投资者大会在上海举行。中国证监会副主席李明在会上表示，中国资本市场对外开放的大门只会越来越大。 证监会将坚持市场化、法治化、国际化方向，稳步扩大资本市场高水平制度型开放，为国际投资者打造良好的投资环境。 来自欧美、亚太及中东等地区知名投资机构的嘉宾普遍认为，随着中国政策环境持续优化和技术创新加速推进等，全球投资者对中国市场的长期配置价值 愈发看好。 淡马锡：作为长期投资者，将持续关注中国符合投资趋势的机会 淡马锡中国区主席吴亦兵在主题演讲中表示，过去二十年，中国经济以惊人的速度完成了从高速增长到高质量发展。 淡马锡近年来持续深耕数字化、智能化、新能源科技、生命科学、生物科技等领域，这些领域代表着中国经济未来的发展方向。 与此同时，淡马锡在华投资策略也日益多元化，涵盖公开市场投资、私募股权、特殊交易机会基金和战略合作伙伴关系。从资本市场企业成长和产业协同 等多个维度，淡马锡深入参与中国经济的长期发展。 ...

Core Insights - The Shanghai Stock Exchange International Investor Conference was held on November 12, highlighting investment strategies and opportunities in the Chinese market [3]. Group 1: Investment Strategies - Yin Tao Group has invested over $17 billion in China since the mid-1990s, emphasizing a long-term investment approach [3]. - The group has outlined three main investment strategies: 1. "Investing in China for China," focusing on domestic enterprises such as healthcare and industrial companies 2. Introducing high-quality overseas companies to expand their business in China 3. Supporting Chinese companies in cross-border development, particularly linking Europe and global markets through Hong Kong [3]. Group 2: Market Opportunities - The dynamic development of the Chinese market is highly attractive to investors, with significant gaps in asset allocation in venture capital and private equity [3]. - There is a broad potential investment space in the Chinese market, with many investors showing interest in seizing the existing asset allocation gaps as opportunities [3].

Core Insights - Temasek's China Chairman, Wu Yibing, highlighted China's remarkable transition from high-speed growth to high-quality development over the past 20 years, making China a crucial market for Temasek's international investment portfolio [1] - Despite increasing external complexities and changing geopolitical landscapes, China's economy demonstrates strong resilience, supported by coordinated fiscal and monetary policies, which are forming a systematic approach to stabilize growth and promote innovation [1] - The investment and M&A market in China is evolving as the economy shifts towards high-quality development, with industries moving from rapid expansion to enhancing quality and efficiency through consolidation and optimization [1] Investment Strategy - Temasek is committed to long-term, patient, and value-driven capital investments, aiming to build a resilient and forward-looking investment portfolio in China [1] - The focus on innovation as a driver for future growth is emphasized, indicating a strategic alignment with China's economic development trajectory [1] - Increasing interest from international investors in China's market opportunities reflects the perceived vitality of the Chinese economy [1]

11月12日，上海证券交易所国际投资者大会开幕。殷拓集团执行委员会成员、亚洲董事长庄佳诚在会上作主题发言。 庄佳诚表示，殷拓集团与中国渊源深厚，集团秉持长期投资思维，自上世纪90年代中期起在华投资累计超170亿美元。 21世纪经济报道 记者易妍君 见习记者刘夏菲 针对中国市场，殷拓制定三大投资战略：一是"在中国为中国"，殷拓积极投资服务国内市场的中国企业，比如医保、工业类企 业；二是引入海外优质企业，助力其拓展中国业务；三是支持中国企业跨境发展，尤其是通过香港链接欧洲及全球市场。 庄佳诚指出，中国市场发展动态对投资者极具吸引力。当前中国市场在风投、PE等方面仍存在资产配置缺口，潜在投资空间广 阔，许多投资方对中国市场很感兴趣。对于投资者来说，目前尚存在的资产配置缺口是需要抓住的机会。 ...

Core Insights - Recent data indicates a significant increase in international capital confidence towards the Chinese market, as evidenced by the presence of new foreign investors in A-share companies [1] - The return of foreign capital is seen as a logical outcome of valuation recovery, industrial upgrades, and global asset rebalancing, suggesting a long-term growth potential for A-shares and Hong Kong stocks [1] Group 1: New Foreign Investors - Traut Consulting has emerged as a new top shareholder in Yara International (000893), holding 8.5285 million shares, representing 1.05% of the circulating shares [2] - The Brunei Investment Agency has also entered the top ten shareholders of China International Capital Corporation (601995) with 10.3183 million shares, valued at approximately 381 million yuan [2] Group 2: Returning Foreign Players - Korea Bank has reappeared in the top ten shareholders of Hezhong Intelligent (603011) after more than a year, holding 1.8213 million shares valued at 35.7885 million yuan [3] - Quantitative trading firm Jane Street has returned to the top ten shareholders of A-share companies after more than two years, indicating a renewed interest in the market [3] Group 3: Increased Foreign Interest - HSBC reported a significant increase in foreign investors' exposure to the Chinese A-share market, marking the third consecutive month of net growth in foreign investment [4] - In August, foreign investors allocated nearly $45 billion to emerging market stocks and bonds, with a substantial portion directed towards the Chinese market, contrasting with capital outflows from other emerging markets [5] Group 4: Positive Market Outlook - Goldman Sachs anticipates a sustained upward trend in the Chinese stock market, projecting a 30% increase in major indices by the end of 2027 [5] - JPMorgan is optimistic about the performance of the CSI 300 index over the next year, highlighting that leading companies in healthcare, finance, and entertainment sectors are currently valued reasonably compared to their historical medians [5]

Group 1 - The A-share market is under pressure, with the MSCI China A50 Connect Index experiencing a decline of approximately 1.65%, while leading stocks such as Luzhou Laojiao, China Merchants Shekou, and Shanxi Fenjiu are performing well [1] - Morgan Stanley's Chief Equity Strategist for China indicates that many meetings are focused on discussing individual stock views in the Chinese market, suggesting a positive signal as more investors are looking to include Chinese stocks in their portfolios, which may lead to increased trading activity and capital inflows in the future [1] - The A50 ETF (159601) closely tracks the MSCI China A50 Connect Index, providing a packaged investment in 50 leading stocks, and is favored by both domestic and foreign investors due to its balanced coverage of core leading assets in the A-share market [1]