家事Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站
一 | 直播吧4月21日讯 《世界体育报》报道，国王杯决赛被当地认定为高风险比赛。  China's high-tech exports surged over 50 percent year on year in July, well ahead of the 17.8-percent growth in total exports, customs data showed. The export gains are being mirrored in investment flows, with foreign funds moving into Chinese technology stocks and global indices adding newly listed hard-tech companies. Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, said China's low-cost and abundant electricity supply, growing talent pool and early lead in physical AI are driving the rapid development of its AI industry chain. China's development of open-weight models could accelerate their adoption by businesses, allowing productivity gains from AI as a general-purpose technology to spread more quickly across the economy, he said, citing models from Chinese firms including DeepSeek and Moonshot AI. "The lower cost of these models was another advantage," he said, adding that the benefits could extend beyond China, particularly to emerging markets that could adopt cheaper Chinese AI models. China's strength in advanced manufacturing has also become increasingly evident, said Robin Xing, chief China economist at Morgan Stanley, pointing to China's roughly half share of global installed new energy storage capacity and the rapid growth in outbound licensing deals for innovative drugs. These trends, he said, underpin the long-term investment case for China's hard-tech sector and leading manufacturers. These strengths are increasingly being reflected in foreign investors' allocation decisions. This year, Goldman Sachs has twice raised its 12-month target for the CSI 300 on improving earnings momentum, and retained an overweight view on Chinese equities. Kinger Lau, chief China equity strategist for Goldman Sachs Research, said the bank's positive view reflected improving earnings momentum, favorable macroeconomic and liquidity conditions. A-share equities offered international investors diversification benefits that remained underappreciated, along with attractive exposure to hard-tech and AI themes, he added. Individual companies are drawing overseas interest too. ChangXin Memory Technologies surged 465.82 percent on its debut on Shanghai's STAR Market last month, reaching a market capitalization of more than 3.2 trillion yuan (about 471.28 billion U.S. dollars). U.S.-based Tema ETFs made the chipmaker a top holding at a 10.56 percent weight on its debut day, while MSCI officially added it to its China All Shares Index on Monday under a fast-track rule for large IPOs. Robotics is where the enthusiasm is most visible. Unitree, set to become China's first mainland-listed humanoid robot maker, priced its Shanghai IPO at 150.8 yuan a share, representing 10 percent of its post-offering share capital. The offering is expected to raise about 6.1 billion yuan in gross proceeds. That optimism, however, exists alongside broader economic pressures. Nathan Chow, senior economist at DBS Bank, said the imbalance between relatively strong supply and weak demand remained pronounced, with household consumption and some companies' profitability still under pressure. Investment in infrastructure could help offset the weakness in private investment in the near term, while lowering logistics and energy costs and improving the efficiency of resource allocation over the longer term, Chow said. It could also strengthen supply chains and reduce the economy's exposure to external shocks and geopolitical risks, he added. The implementation of policy measures would be key to sustaining the recovery in the second half of this year, analysts noted. Economic management requires both easing the brakes and stepping on the accelerator, said Song Yu, chief China economist at UBS Securities, adding that faster fiscal spending and the use of bond proceeds, additional policy support and better coordination between fiscal and financial policies are needed, alongside measures to remove barriers to household consumption and improve the business environment. "With stronger policy support and measures taking effect, China's economy is expected to maintain a steady recovery in the second half of the year," Chow said. 。
二 | 本周一，国家反暴力委员会常务委员会宣布，将于4月27日举行的国王杯决赛为高风险赛事。这场杯赛国家德比将在塞维利亚奥林匹克体育场打响，由巴塞罗那与皇家马德里争夺2025年第二个冠军头衔。 据此决议，当局将对此类赛事部署常规警力方案，赛前赛后均安排安全部队的大规模警力驻守。需要特别注意的是，预计从周五杯赛前夕开始，直至4月27日周日期间，塞维利亚将迎来双方球迷的大规模聚集。 根据西班牙足协4月4日与两家俱乐部达成的协议，每队球迷将各获得26031张门票，票价区间为72至270欧元。经过翻新改造的塞维利亚奥林匹克体育场将在此次决赛启用全新容量，这座球场将提供总计70000个坐席。 Current article:http://www.tourunbiaodubaicubangninan.shop/list_k40/dqf5y.xlsx Published on:16:51:38 |
