China Equity Strategy_New narratives in the new year and their implications
2025-02-20 17:54
更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 ab 17 February 2025 New narrative 2: Synergies between DeepSeek and China's spark of innovation Domestic LLM DeepSeek has again piqued global investor interest in Chinese innovation. We expect China's capital markets to play a bigger role in supporting technological innovation and industrial transformation/upgrades. The broader tech sector's share of overall A-share market capitalisation has risen over the past decade to reach 21% to date. We note that sectors more correlated wi ...