Overseas research teams are coming one after another, visiting enterprises step by step; Domestic institutions are bridging the gap, and high-quality enterprises are accelerating their international layout... From observing from afar to conducting personal research, from cautious observation to actively increasing allocation, Chinese assets are transforming from an "option" for global foreign investment allocation to an indispensable "puzzle". What is the driving force behind this round of foreign investment attention? What changes in China's economy and industries have moved global investors? Standing at a new starting point, how will Chinese assets integrate into the global investment landscape? At noon on a working day, the overseas research team arrived at the Bubble Mart store in Shanghai Guojin Center, where a group of about ten people dressed in sharp suits walked into this colorful and trendy world, forming a sharp contrast with the cute dolls. Some people hold star shaped dolls and carefully examine them, while others place orders for blind boxes and listen to researchers analyze China's new consumption trends. These investors, mainly from the Middle East and Southeast Asia, are the overseas research team led by HSBC Jintrust Fund and HSBC Investment Management. With a strong curiosity about the Chinese market, they embarked on a four-day research journey in the style of a special forces soldier. The itinerary is very tight, I have to go to three companies a day, and at the busiest time, I can only eat a hamburger in the car to have lunch. ”An overseas research client said that even so, they want to see, hear, and touch every detail of every company with their own eyes. When the itinerary shifts towards the technology sector, investors' enthusiasm reaches its peak. At BYD, some people carefully pick up the "blade battery" and show a surprised expression with a gentle flick - such a lightweight design breaks their inherent understanding of the "bulky" power battery. The car that can bounce and sway has become the focus of the experience, and the test driver's face is filled with a childlike smile, as if operating a novel high-tech toy. The interaction between fingertips and wheels is an intuitive recognition of Chinese technology. Four days of hard work and observation ultimately turned into their lament, 'China to watch in the years ahead'. This is not only a summary of the research findings, but also a recognition of the potential of Chinese enterprises. The continuous research on Chinese assets by foreign investors is driven by increasingly high expectations. Overseas customers who see the performance of the Chinese economy and market, especially the competitiveness demonstrated in fields such as AI, robotics, and innovative drugs, hope to come to China to see it firsthand. ”An official from HSBC Jinxin Fund said. The head of a fund company with a background in foreign shareholders stated that not only do they regularly receive research from overseas investors, but in recent years, they have also been frequently invited to give speeches on Chinese assets at international investment forums. Investing in China has become an indispensable part of the international investment landscape. We hope to continue telling the 'Chinese story' well. On the one hand, there is currently a high level of interest from overseas clients in Chinese assets. In April of this year, the company will also host a similar overseas client inspection event to fully showcase and introduce investment opportunities in Chinese assets to overseas investors. On the other hand, we will bring more high-quality products to overseas investors. ”An official from HSBC Jinxin Fund said. For listed companies, 'going global' has also become an important strategic goal. During this inspection, some companies have established very international investor relations teams, and many salespeople can speak fluent English, "said a source from HSBC Jintrust Fund. Many domestic companies have identified the international market as an important source of growth in the new stage. Chinese assets are accelerating their entry into the global market by 2026, with more and more high-quality Chinese assets entering the "pool" of overseas investors. Du Meng, Vice President of Morgan Asset Management China, holds a positive view on the performance of China's equity assets in 2026. The importance of in-depth research and selecting individual stocks is further highlighted. We will follow the core logic of China's economic recovery and the growth of listed companies' performance to find investment opportunities in the next two to three years, and return to the essence of stable growth and continuous cash flow creation for enterprises, "he said. According to sources from HSBC Jintrust Fund, global geopolitical risks are rising and US dollar asset valuations are overvalued. Global investors are looking for high-quality non US dollar assets to hedge their risks. In the past two years, the Chinese economy has maintained steady growth, coupled with the impressive performance of the A-share market and Hong Kong stock market since the fourth quarter of 2024, greatly enhancing overseas investors' interest in Chinese assets. At present, China, as the world's largest capital market, has good liquidity and the ability to accommodate large amounts of funds. According to insiders from Manulife Investment, in an environment where risk-free interest rates are declining, more funds may flow into emerging markets, which is beneficial for the Chinese stock market. Meanwhile, the expectation of a weaker US dollar is expected to further drive capital allocation to the Chinese stock market. In terms of investment direction, insiders from Manulife Investment believe that during the 15th Five Year Plan period, the Chinese economy will have a diversified growth path, with a focus on five major areas: technology, manufacturing, renewable energy, healthcare, emerging, niche, and experiential consumption. With the continuous improvement of China's global competitiveness in industries, international investors are re examining and increasing their allocation of Chinese assets, and this process of value reassessment is far from over. ”Du Meng stated that in the face of ongoing global uncertainty, the stability demonstrated by China is particularly valuable. (New Society)