高盛亚洲股票资本市场主管James Wang表示，投资者的心理已经发生了变化，很多人在对中国市场进行重新评级，并寻找机会。从多头头寸的表现来看，中国市场的影响力在不断扩大。
① The Chinese market has recently attracted a large number of overseas investors due to DeepSeek and government stimulus measures, boosting market activity; ② Data shows that the total amount of stock issuance by Chinese companies in the first quarter reached 16.8 billion USD, a year-on-year increase of 118%; ③ Investment bankers pointed out that policies, innovation, and appropriate valuations will continue to attract overseas investors, and the global perception of the Chinese market has undergone a fundamental shift.
On March 24, Financial Community reported (Editor: Ma Lan) that the global investment community has noticed the recent activity in the Chinese market: the emergence of the disruptive AI model DeepSeek, coupled with further government stimulus measures, has provided huge attraction for overseas investors, even under the high risks of Trump tariffs.
Investment bankers indicated that more and more investors are beginning to reassess Chinese stocks, which will help reactivate Chinese assets. According to data from LSEG, the total amount of stock issuance by Chinese companies in the first quarter reached 16.8 billion USD, a year-on-year increase of 118%, confirming the current market's prosperous momentum.
James Wang, head of Goldman Sachs' Asian equity capital markets, stated that investors' sentiments have changed, and many are re-evaluating the Chinese market and seeking opportunities. From the performance of long positions, the influence of the Chinese market is constantly expanding.
Harish Ramen, head of Citi's Asia ECM Execution and Solutions, also told the media that the emergence of DeepSeek has prompted a fundamental change in the perception of the Chinese market, AI, and quantum computing among global investors. This also affirms Chinese private enterprises, especially those focusing on high-tech fields such as AI.
Cost performance.
This year, the Hong Kong Hang Seng Index has become one of the leading regional benchmark stock indices globally, with a cumulative increase of about 22%. However, even so, the valuation of the Chinese market is still lower than that of other global markets, with the MSCI Chinese Index's 12-month.Rolling PE.The PE ratio is 11.7 times, while the valuation of the MSCI USA Index is 20.3 times, which provides more reasons for investors seeking value-for-money to Hold Chinese Assets.
Wang further explained that the various macro and micro changes brought by the Chinese government and DeepSeek have strengthened the perceived value of Chinese Stocks and widened the valuation gap, thereby providing downward support for Chinese Assets.
Analysts also believe that over time, future mainland companies' Trade of secondary listings in Hong Kong may dominate the upcoming IPO market.Secondary listings.The Trade may dominate the upcoming IPO market in Hong Kong.
According to LSEG data, in the first quarter, mainland companies drove the scale of Hong Kong IPOs to 1.47 billion USD, doubling from 0.613 billion USD in the same period last year.
MinterEllison consultant Victoria Lloyd added that the regulatory bodies in mainland China and Hong Kong have clarified their supportive stance, promoting more leading A-share companies to list in Hong Kong. This means that the recent surge in trading activity in the Hong Kong securities market is sustainable amid overseas investors' uncertainty about the USA and European countries.
Is investing always stepping on a landmine?Futubull AIGoing live! Accurate answers, comprehensive insights, seizing key opportunities!
Editor/rice
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
Comment(3)
Reason For Report