Chinese assets have rightfully stepped onto the stage of global investor layout, "said Xing Ziqiang, Chief Economist of Morgan Stanley China, on November 25th." For entrepreneurs and investors around the world, there is no longer a question of 'whether they can invest' in China. The Chinese market is definitely worth investing in, and now people are more concerned about what attitude and methods should be adopted to intelligently allocate. "As the global economy enters a new stage, structural transformation is reshaping capital flows and asset allocation. Recently, a reporter from China Securities Journal learned from multiple foreign institutions that 2026 may be a key milestone for overseas capital to re-examine and layout Chinese assets. Driven by multiple factors such as declining interest rates, weakening US dollar, and AI revolution, global asset allocation has entered a new balance, and more and more foreign institutions are optimistic about the performance of Chinese assets in 2026. A broader upward signal has emerged in the Chinese market. ”In the eyes of many foreign institutional investors, technological innovation, valuation advantages, and "anti involution" policies are the key reasons why Chinese assets are favored by investors. Foreign investors are optimistic about the three main themes when "investing in China" has become a consensus, and "what to invest in" has become a topic of greater concern for overseas investors. According to a reporter from China Securities Journal, the three main directions that foreign investors are optimistic about are technological innovation, overseas industrial chain, and valuation repair. What is particularly prominent is that Chinese technology giants represented by AI have become the focus of foreign investment. Matthew Quaife, Global Head of Diversified Assets at Fidelity International, stated at the 2025 Fidelity China Investment Forum that "China's breakthroughs in the AI field will drive impressive performance in offshore and onshore technology stocks in 2025. The independent AI ecosystem in China, the vast domestic market, favorable policies, and the expansion of technology consumer groups will accelerate the wider application of AI, providing support for the performance of technology stocks in 2026 and beyond. ”Niamah Brodie Machura, Chief Investment Officer (Stock Investment) of Fidelity International, believes that the AI investment boom will continue to dominate the market in 2026, and the AI driven performance growth trend will continue in 2026. Meanwhile, diversified and diversified investment remains crucial. Chinese companies continue to make breakthroughs in the field of technological innovation, with valuation advantages and 'anti involution' policies, as well as marginal improvements in overseas disturbance factors, which will drive the recovery of corporate performance. A wider range of upward signals have emerged in the Chinese market. ”Zhang Xiaomu, fund manager of Fidelity Fund, said, "Innovation will be the main driving force for China's economic growth in the next decade, and China's high-end manufacturing and innovation driven fields will accelerate their development." He is particularly optimistic about four directions. Firstly, AI is a super theme with a very long industry chain, which can find a large number of investment opportunities; Next are commercial aerospace, low altitude economy, and innovative consumption. These four themes have significant growth opportunities in the next 1 to 3 years. Maya Bhandari, Chief Investment Officer of Diversified Assets at Luboma Group, stated that when comparing sectors such as information technology, communication services, and even industry, the performance of related products in the Chinese stock market has surpassed that of the US stock market, and these sectors are the preferred investment areas. 'Going abroad' has also become a flexible main line in the eyes of foreign investment. Zhou Wenqun, head of the equity department and fund manager of Fidelity Fund, said, "In industries such as new energy vehicles, energy storage, home appliances, and consumer brands, Chinese companies are shifting from simply exporting products to establishing production capacity and supply chains overseas, thanks to the innovation and service capabilities of Chinese companies. Ultimately, we will see the emergence of some multinational giants from China." "In the fields of medicine, health, and culture, China has cultivated a group of globally influential enterprises. ”Lin Huatang, Director of Emerging Market Value Stocks and China Equity Investment at Lianbo Group, believes that "we are optimistic about innovative companies with global influence and diversified export markets." Another main line comes from valuation repair. According to Dale Nicholls, fund manager of Fidelity International, the valuations of many A-share companies related to consumption and real estate are significantly lower than historical averages. If there is substantial stabilization and performance recovery in related fields, it may become a flexible allocation direction. He is particularly optimistic about optional consumption, essential consumption, and severely undervalued real estate companies, believing that changes in interest rate environment and asset revaluation are bringing further opportunities for valuation repair. Lin Huatang expressed optimism that industries benefiting from the "anti involution" policy will have a positive effect - supply contraction will help improve the product price level and profitability of some industries. Since 2025, the pace of foreign investment reassessing Chinese assets has significantly accelerated, resonating with the triple positive signals. The three important dimensions of policies, enterprises, and funds have frequently shown positive signals. On November 25th, Xing Ziqiang stated that the release of the "9.24" policy in 2024 marks the first step forward. This is the most important step, giving investors a sense of confidence, "Xing Ziqiang said. In the past year, the decision-making level has taken a series of reform measures such as increasing fiscal deficits, boosting consumption, and improving the social security system. The second change is that the enterprise has' woken up '. ”Xing Ziqiang stated that in the past year, Chinese enterprises have demonstrated strong competitiveness in areas such as technological innovation, global competition, and technological revolution. In fact, Chinese entrepreneurs have never 'fallen asleep', even during periods of various environmental tests. Enterprises have been working hard and striving, but sometimes they need to accumulate and make progress, "Xing Ziqiang said." From the end of 2024 to the first half of this year, in fields such as AI big models, intelligent cars, humanoid robots, and biomedicine, the competitiveness of enterprises has burst forth one after another. ”What truly drives the reversal of market sentiment is the awakening of funds. Xing Ziqiang said, "Many large domestic asset management institutions, bank asset management institutions, insurance companies, as well as overseas investors such as pension funds and sovereign funds, have expressed greater interest in Chinese assets, especially in equity assets." Xing Ziqiang introduced that the "awakening" of funds is first reflected in institutional investors entering the market. In the first half of 2025, institutional investors represented by insurance and bank asset management will have a new capital scale of 1.5 trillion yuan in A-shares; In addition, the scale of funds entering the Hong Kong stock market from the south since September last year should not be underestimated. Secondly, since June this year, over 800 billion yuan of residents' excess savings funds have entered the diversified allocation camp represented by wealth management equity products, indicating that domestic residents' assets have begun to shift from bank fixed deposits to equity investments. Domestic funds have awakened, and the same goes for overseas funds. China has irreplaceable advantages in the next stage of technological revolution. ”Xing Ziqiang believes that "AI is just a microcosm. China has strong technological accumulation and industrial execution capabilities in cutting-edge fields such as humanoid robots, intelligent driving, new generation batteries, brain computer interfaces, and even nuclear fusion. I have full confidence in investing in Chinese assets. ”Short term fluctuations create good opportunities for layout. Recently, the A-share market has fluctuated and adjusted, but in the eyes of many foreign institutions, the long-term market has not ended. The recent global market fluctuations may create more attractive layout opportunities for A-shares. ”Lianbo Fund stated that "this correction is mainly due to short-term investors taking profits, and has not reversed the long-term core logic of the A-share market. The unique structural opportunities of A-shares are still attractive. ”Lianbo Fund believes that on the one hand, the wave of technological revolution in artificial intelligence is far from over, and its profound industrial transformation and productivity improvement potential will continue to bring huge growth opportunities to related fields; On the other hand, the continued shift of the Federal Reserve's monetary policy towards easing is a highly probable event, which will provide critical liquidity support for the market. Looking ahead, in order to maintain a leading position in competition, major economies around the world are expected to continue increasing their investment in AI in 2026, which is expected to provide sustainable support for the profit growth of related enterprises. In addition, the pace of AI technology implementation in various industries is accelerating. In this context, the AI empowerment sector in the Chinese market, especially those companies that supply the global key empowerment industry chain, still has configuration value. ”Lianbo Fund suggests that investors seize structural opportunities such as the AI industry chain, policy beneficiary areas, and high-quality private enterprises. Emerging markets are expected to improve in 2026. ”Goldman Sachs Asset Management recently released its 2026 investment outlook, stating that "multiple macro conditions such as a weaker US dollar, lower oil prices, easing inflation, and the dovish stance of the Federal Reserve will support the strengthening of emerging markets