本报记者 孟珂 摩根大通研报显示，展望2026年，亚洲股市可能实现温和乃至强劲的回报。亚洲市场中，将中国市场的评级上调至"超 配"，认为中国市场估值仍处合理区间，且国际投资者仓位较轻。 景顺亚太区全球市场策略师赵耀庭表示："中国及其他亚洲市场在2025年已展现强劲表现，多项资产类别有望在2026年延 续这一势头。在政策支持、基本面持续改善的背景下，亚洲市场为投资者提供了具有吸引力的多元化配置和再平衡部署的投资 机会。" 2026年伊始，中国资产便以强劲的上涨态势吸引了全球投资者的目光。1月2日，港股市场率先传来捷报，恒生指数单日涨 707.93点，涨幅高达2.76%；恒生科技指数涨幅为4%。与此同时，中概股也迎来了"开门红"。当地时间1月2日，纳斯达克中国 金龙指数收涨4.38%。明星中概股普涨，百度涨超15%，哔哩哔哩涨超7%，阿里巴巴涨超6%。 Wind资讯数据显示，2025年，上证指数、深证成指、创业板指分别累计上涨18.30%、30.62%、51.42%。 随着中国宏观经济稳中向好、政策环境持续优化、科技创新加速推进，全球投资者对中国资产的长期配置价值愈加看好。 去年年底，多家外资机构纷纷发布报告，对 ...

12月19日，由中国证券报主办的以"财富向善智理未来"为主题的2025财富配置与资产管理大会，以及 以"强投研优配置赢未来"为主题的2025银行业高质量发展大会在深圳举行。逾200位来自银行、理财公 司、证券公司、基金公司等行业机构的专业人士齐聚一堂，共同探讨财富管理机构如何通过服务模式升 级助力居民财富保值增值，并结合对国内外宏观经济环境的分析，探讨中国资产在2026年的布局机遇。 大成基金总经理谭晓冈认为，银行理财业务的高质量发展正成为推动整个银行业高质量发展的重要动 力，而公募基金与银行业合作的持续深化与升级， 将成为这一进程中的关键支撑。大成基金将进一步发挥专业能力，主动融入银行财富管理生态，与银行 业共同推动提升投资者回报。 依靠积极向买方投顾转型等举措，证券公司近年来在助力居民财富保值增值方面发挥着越来越重要的作 用。在首创证券党委副书记、董事、总经理蒋青峰看来，在低利率与严监管交织、需求升级与行业转型 并行的关键节点，银行理财与券商资管作为资管生态中的核心力量，打破壁垒、深化协同，既是应对市 场变局的必然选择，更是共建高质量发展生态的核心命题。 在谈及如何打造专业特色的财富管理型券商时，上海证券 ...

（原标题：科技浪潮与资本远见交汇，2025资本市场香港论坛成功举办） 【导读】科技浪潮与资本远见交汇：资本市场香港论坛共探2026投资新图景 中国基金报记者 纪瑶 吴娟娟 12月19日，一场汇聚前沿智慧与资本远见的2025资本市场香港论坛在香港成功举办。论坛主题为"科技 与资管赋能高质量发展"，吸引了约150位来自资产管理、金融科技等领域的决策者与专家，共同探讨驱 动行业未来增长的新动能，共同剖析人工智能（AI）驱动的产业革命，把脉全球视野下的中国资产配 置新机遇。 AI赋能：从医药研发到资产管理全链条革新 论坛开场便讨论科技与产业融合的核心。西湖大学讲席教授、药物牧场创始人许田在主题演讲中深刻阐 述了"AI+医药"对产业与社会的深远影响。他指出，生成式AI作为底层技术引擎，正从药物靶点发现、 临床试验设计到精准医疗等环节全方位重塑医疗产业链。 AI的变革力量同样席卷资产管理行业。黄炜卓先生作为香港投资推广署创新及科技、生命与健康科学 总裁，主持了题为"人工智能赋能资产管理行业"的圆桌讨论，来自安永、慧博集团、前路有光及元聚变 的专家们展开了深度对话。他们认为，AI已渗透到资管业务的每个层面。在量化投资领域， ...

将投中网设为"星标⭐"，第一时间收获最新推送 或成为2022年以来亚洲本土机构发起的最大单只PE基金。 作者丨 韦香惠 编辑丨 刘燕秋 来源丨 投中网 按节气，大雪将至，美元基金的春天却似是提前来了。 外媒消息称，高瓴资本近日启动新一轮美元私募股权基金的募资，目标规模约 70 亿美元（约 500 亿元人民币）。接近高瓴 的人士表示，基金总是要募的，但目前没有确切的时间表。至于规模会不会是 70 亿美元，这个不好说。 一来，现在这个时间点缺乏大规模大主题的投资机会，动辄上百亿美元的盲池旗舰基金估计不会再有了。 对美元而言，投资带宽日渐收窄，时下最大的机会和主题是什么？当然是 AI 。但 AI 对于创业公司来说，是不是一波和移动 互联网一样大、甚至更大的机会？如果是的话，现在是一个合适的出手时间点吗？这两个问题有待验证。 据我所知，某个一线基金就几乎没有布局纯软的 AI 应用。刚跟一位投 AI 的朋友聊天，对方也感慨道，好项目有限，手里的 钱实在投不出去啊，不得已去投消费硬件了。关于"钱花不出去"的更好佐证是， 听闻有一线 VC 跑去海外投了家 AI 独角 兽，还是在估值数百亿美元的时候投进去的。 再看这一波宣布 ...

Core Viewpoint - China has become a focal point for global investors, with a consensus emerging that the question is no longer whether to invest in China, but how to smartly allocate resources in the market [1] Group 1: Investment Themes - Foreign investors are focusing on three main lines: technological innovation, overseas industrial chains, and valuation recovery [1] - The AI sector, represented by Chinese tech giants, is particularly attractive to foreign capital, driven by breakthroughs in AI, a large domestic market, favorable policies, and an expanding consumer base [2] - The shift of Chinese companies from merely exporting products to establishing production capacity and supply chains overseas is seen as a significant trend [3] Group 2: Positive Signals - Since 2025, foreign capital has been reassessing Chinese assets, with positive signals emerging from policy, corporate performance, and funding [4] - The Chinese government has implemented various reforms, including increasing fiscal deficits and enhancing social security, which have bolstered investor confidence [4] - Chinese enterprises have shown strong competitiveness in technology innovation and global competition, indicating a robust recovery potential [5] Group 3: Market Dynamics - Recent market fluctuations are viewed as creating attractive investment opportunities, with the long-term core logic of the A-share market remaining intact [5] - The ongoing AI revolution is expected to continue driving growth opportunities in related sectors, supported by a likely shift towards looser monetary policy from the Federal Reserve [5][6] - Emerging markets, including China, are anticipated to perform well in 2026 due to favorable macroeconomic conditions such as a weaker dollar and easing inflation [6]

Group 1 - The Chinese capital market is increasingly seen as a "ballast" in the global economic landscape, with A-share total market value surpassing 100 trillion yuan in August 2025, indicating a mature market ecosystem [2] - Hong Kong's IPO market leads globally with 78 new listings and over 210 billion HKD raised in the first ten months of 2025, reflecting a strong international capital interest in Chinese assets [2] - The upcoming 19th HED China Summit in Shenzhen on January 15, 2026, will gather over 400 decision-makers from private equity, securities, banking, and trust sectors to explore new opportunities in Chinese assets [2] Group 2 - Since the initiation of the "924 market," the Chinese capital market has seen both valuation and performance improvements, with the Shanghai Composite Index reaching 3,836.77 points, a cumulative increase of over 38% [3] - The technology and advanced manufacturing sectors are identified as core growth engines, with the number of technology companies in the top 50 A-share market increasing from 18 to 24 since the end of the 13th Five-Year Plan [3] - The Hong Kong Hang Seng Technology Index has risen nearly 40% year-to-date, with major companies like Alibaba and Kuaishou experiencing significant rebounds [3] Group 3 - International capital's attitude towards Chinese assets has shifted from cautious observation to proactive investment, with net inflows of foreign mutual funds into the Chinese stock market reaching 50.6 billion USD in the first ten months of 2025, a 344% increase compared to the entire year of 2024 [4] - Actual foreign investment in China amounted to 621.93 billion yuan, with significant growth in high-tech industries and investments from countries like the UAE and the UK increasing by over 13% [4] - The summit will feature insights from various institutional representatives on the underlying logic of "overweighting" Chinese assets and the selection criteria for foreign capital [4] Group 4 - Over 20 leading private equity firms have established branches in Singapore and Hong Kong since 2025, with a 35% year-on-year growth in managed assets [5] - The overseas managed assets of Chinese private equity firms surpassed 80 billion USD in the first three quarters of 2025, expanding investment areas to Southeast Asia, Europe, and the US technology stocks [5] - The summit will include discussions on the opportunities and challenges of private equity firms going global, focusing on market expansion strategies and capturing alpha opportunities [5] Group 5 - The HED China Summit addresses the evolving investment logic in China, shifting the focus from "whether to invest" to "how to efficiently allocate assets" [6] - The summit aims to replace generic discussions with precise dialogues and create a high-end communication platform for resource linkage [6] Group 6 - The summit invites over 400 industry decision-makers to engage in deep dialogues with industry leaders, facilitating resource matching and cooperation for investment strategies in the new year [7]

【导读】"平安30"保有规模突破百亿元，知名国际投资大咖看多中国 11月23日下午，平安证券在深圳成功举办"高净值人群投资论坛暨平安30解决方案升级发布会"。会上， 平安证券披露了三年前推出的平安30的运作重要数据：保有规模突破百亿元、服务5482位客户、创造 8.6亿元绝对收益。 会上，六位投资大咖发声，围绕中国资本市场的投资机遇进行研讨。参会嘉宾表示，中国独特且难以复 制的产业与创新生态系统，正持续吸引海外资本重新审视并积极配置中国资产。 "平安30"三年成绩单：保有规模突破100亿元 在本次论坛上，平安证券还举行了"平安30解决方案升级发布仪式"，此次升级标志着平安30从"产品组 合提供者"向"客户主账户管家"的战略升级，致力于打造一个以客户金融资产账户为中心、全市场选 基、动态调优、服务闭环的智能化财富管理"家"。 平安证券资产管理事业部组合投资团队执行总经理李昭明表示："过去，客户是'拼积木'式地管理财 富；未来，平安30要成为那个稳固、安心、智慧的'财富之家'。我们不仅仅提供投资组合，更是为客户 守护一生的财富目标。" 知名投资大咖：全球资本重新审视中国资产 知名国际投资机构毕盛资产的创始人、执行 ...

人民财讯11月19日电，最新披露的美国13F文件显示，华尔街多家投资机构在今年第三季度加大了对中 国资产的配置力度。其中，中国海外互联网ETF（KWEB）获得美国银行、瑞银集团等大型金融机构， 以及千禧管理（Millennium Management）、索罗斯基金等知名对冲基金的大幅增持。多家机构认为， 中国资产尤其是科技板块的配置价值正显著提升。 （文章来源：上海证券报） ...

Group 1 - The China Securities Regulatory Commission (CSRC) emphasizes the continuous expansion of the capital market's openness, aiming to create a favorable investment environment for international investors [1][2] - The recent optimization of the Qualified Foreign Institutional Investor (QFII) system includes measures to enhance transparency, convenience, and efficiency in investment operations, with foreign investors currently holding over 3.5 trillion yuan in A-shares [2][3] - The Shanghai Stock Exchange (SSE) has deepened its cross-border investment mechanisms, with the cumulative trading volume of the Shanghai-Hong Kong Stock Connect reaching 103 trillion yuan during the 14th Five-Year Plan period, a 288% increase compared to the previous period [2][3] Group 2 - The SSE is actively enriching cross-border investment products, with the scale of cross-border index products exceeding 320 billion yuan, enhancing its international influence [3] - Shanghai is home to nearly 1,800 licensed financial institutions, with foreign financial institutions accounting for nearly one-third, indicating a robust international financial hub [3] - The Chinese A-share market has shown structural optimization, with over 80% of listed companies achieving profitability and cash dividends reaching a record high of 2.1 trillion yuan [4][5] Group 3 - International investors are increasingly optimistic about the long-term value of Chinese assets, with significant capital inflows from major global asset management firms and sovereign wealth funds [4][5] - The Chinese economy is viewed as a critical contributor to global GDP, with a strong resilience that attracts international interest in long-term asset allocation [5] - The perception of China's technological innovation is shifting, with global investors recognizing China's capability for genuine technological advancements, leading to increased capital inflows into technology indices [5]

Core Points - The Shanghai Stock Exchange International Investor Conference will be held on November 12-13, focusing on "Value Leading Open Empowerment - New Opportunities for International Capital Investment and Mergers and Acquisitions" [1] - This marks the seventh consecutive year the SSE has hosted the conference, providing a platform for foreign institutions to communicate with domestic regulatory bodies, exchanges, listed companies, and financial institutions [1] Group 1 - The opening remarks will be delivered by leaders from the China Securities Regulatory Commission, Shanghai Municipal Government, and the SSE [1] - Discussions will cover topics such as capital market institutional openness, investment and merger opportunities in the Chinese market, and value investing [1] Group 2 - The first afternoon will feature two sub-forums: one focused on investment, discussing topics like asset allocation in China, ESG, new consumption industry development, exchange-traded funds (ETFs), and the bond market, along with the release of cross-border index investment cooperation results [1] - The second sub-forum will focus on mergers and acquisitions, addressing the development and reform of the Chinese M&A market and cross-border M&A [1] Group 3 - The second day will introduce the latest developments in the Sci-Tech Innovation Board, showcasing the investment value of high-quality Chinese assets [1] - Discussions will center around industries such as artificial intelligence, biomedicine, and high-end equipment manufacturing, featuring industry leaders and representatives from Shanghai-listed companies and domestic and foreign financial institutions [1]