On November 7, the 2024 Shanghai Stock Exchange Global Investors Conference kicked off in Shanghai, with representatives from approximately 260 well-known domestic and international investment institutions registered to attend.
Shen Bing, Director-General of the Department of Fund and Intermediary Supervision of the China Securities Regulatory Commission (CSRC), stated that the Chinese companies listed in A-shares, H-shares, and overseas are still at relatively low valuation levels compared with listed companies in other emerging economies, which provides a better choice for long-term foreign capital allocation.
Shen held that China's capital market has increasingly become one of the most important markets that international investors cannot overlook in their global allocation strategies. This is mainly based on three principles: First, international investors are optimistic about the stable development of China's economy in the long term. With the implementation of a series of incremental economic policies, the Chinese economy continues to improve. Fundamental data is showing marginal improvements, and these positive factors are attracting many investors. Second, international investors are optimistic about the development prospects of China's capital market in the long term. The global status and influence of China's capital market are gradually increasing; various measures implemented in the capital market this year have boosted operational activity and market vitality in society, further stabilizing investor confidence. Third, international investors are optimistic about China's investment and business environment in the long term. The two-way opening up of the capital market and the continuously optimized investment environment have also given the market powerful appeal.
Alex Zhou of Morgan Stanley Investment Management China pointed out that China's asset management industry is huge and contains enormous development opportunities. From the perspective of global allocation, China's capital market offers a wide range of investable assets with great diversity. From a risk diversification standpoint, China's capital market provides overseas investors with more options for diversified asset allocation.
Dilhan Pillay Sandrasegara from Temasek noted that a series of policies introduced by the Chinese government aimed at stabilizing the economy and promoting growth, including measures for capital market reforms, have boosted investor confidence. As long-term investors, they will continue to invest in China.
Florian Neto from Amundi stated that, in terms of future earnings forecast, Chinese assets are continuously growing, and this is an excellent time for allocation. Emily Woodland from BlackRock highlighted the immense potential for hybrid financing in the Asia-Pacific region and noted that they are seizing this opportunity in collaboration with partners.
From CHINAFUND on November 7, 2024
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The above information is provided for reference purposes only and does not constitute investment advice.
