贝莱德中国新视野

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外资公募基金:高仓位运作、加仓港股
Zhong Guo Ji Jin Bao· 2025-04-27 08:20
Group 1 - Foreign-funded public funds have maintained a high position in equity products, with some increasing their allocation to Hong Kong stocks in Q1 2025 [3][4] - Notable funds with over 90% equity positions include BlackRock, Fidelity, Morgan Stanley, and Schroders, among others [3] - Schroders significantly increased its Hong Kong stock allocation from 15.08% in Q4 2024 to 32.31% in Q1 2025 [3] Group 2 - Funds are diversifying their investments across technology, energy, and consumer sectors, with a focus on TMT (Technology, Media, and Telecommunications) and high-dividend stocks [6][7] - BlackRock's Hong Kong Stock Connect fund increased its holdings in Alibaba and reduced its stake in Tencent by nearly 50% [6] - Fidelity's fund adjusted its bank stock allocations, increasing its position in Industrial and Commercial Bank of China while reducing its holdings in China Merchants Bank and China Construction Bank [7] Group 3 - Fund managers are optimistic about quality technology assets and sectors that are expected to benefit from domestic demand policies [8] - Key sectors of interest include TMT, machinery, automotive, and chemical industries, as well as new consumption and defense industries [8] - Morgan Stanley is focusing on investment opportunities in intelligent computing infrastructure and AI applications [8]
贝莱德的中国盲区
阿尔法工场研究院· 2025-04-15 11:44
以下文章来源于阿尔法工场DeepFund ,作者基哥 在此次收购中,最引人瞩目的莫过于位于巴拿马运河两端的巴尔博亚港和克里斯托瓦尔港。作为全球航运的"咽喉要道",这两座港口的战略价值不 言而喻,美国总统特朗普甚至将此次收购视为"美国掌控全球航运命脉的关键布局"。 此前,一系列围绕港口的"活动"早已秘密展开。 阿尔法工场DeepFund . 专注基金行业事件、产品和人物故事,探究背后的深层逻辑。 作 者 | 基哥 来源 | 阿尔法工场DeepFund 导语:贝莱德依赖的"政商协同+长期价值投资"模式,与中国市场特性存在本质冲突。 2025年春,一宗重磅交易在全球商界掀起波澜。 3月4日深夜,李嘉诚旗下长江和记实业公告称,已与贝莱德(BlackRock)牵头的美国财团达成初步协议,以228亿美元出售旗下43个港口资产。 作为全球最大的资产管理公司,贝莱德通过此次收购,将跻身全球三大港口运营商之列,掌控全球10.4%的集装箱吞吐量。 据知情人士透露,贝莱德首席执行官芬克与特朗普、美国国务卿鲁比奥等人通了电话,最终得到了美国政府的支持。此外,芬克也受邀于3月17日前 往白宫,在那里受到了共和党高层的热情接待。 特朗普 ...
女将出马!贝莱德基金,迎新任总经理
Zheng Quan Shi Bao Wang· 2025-03-15 10:48
Core Viewpoint - BlackRock Fund has appointed Yu Peihua as the new General Manager, succeeding Chen Jian, who will transition to a senior advisory role due to personal reasons [1][2]. Group 1: Management Changes - Yu Peihua brings over 30 years of experience in asset management and financial services, having previously served as the General Manager of Puyin Ansheng Fund since 2012 [1][2]. - The management change includes a swap with Puyin Ansheng Fund, where former BlackRock Fund General Manager Zhang Chi will take over as General Manager in July 2024 [1][4]. - Chen Jian joined BlackRock in April 2020 and has held various roles, including Compliance Head and General Manager, before his recent transition [2][4]. Group 2: Company Background - BlackRock is one of the largest asset management firms globally, managing approximately $11.6 trillion in assets as of the end of 2024, with a diverse range of services including equities, fixed income, cash management, and alternative investments [5]. - Since obtaining its public fund business license in 2021, BlackRock has launched 14 products, managing a total asset size of approximately 12.336 billion yuan [6]. - The largest fund under BlackRock is the BlackRock Interbank Certificate Index 7-Day Holding, with a size of 5 billion yuan, followed by the BlackRock China New Horizons at around 2.3 billion yuan [6]. Group 3: Market Context - The entry of foreign-owned public funds like BlackRock is seen as a new trend in China's public fund industry, although the process of localization may face challenges [6]. - The competitive landscape in China's capital market is expected to evolve, emphasizing the need for product competitiveness and sufficient space for foreign public funds to thrive [6].