Zhu Liang, deputy general manager and investment director of Lianbo Fund, believes that the recent allocation of foreign capital to the Chinese market has shown a new focus. Its allocation logic is shifting from an early “undervaluation game” to long-term ownership of “high-quality profit-driven assets”, including private enterprises with global competitiveness, AI application-side enterprises, innovative drugs, and new productivity fields. This changing trend reflects that the logic of foreign investment in A-shares is more focused on long-term structural growth opportunities. Specifically, in terms of allocation, Zhu Liang believes that there are three main investment lines worth focusing on: first, dividend assets with healthy cash flow and dividend rates that are expected to continue to increase; second, new productivity fields such as AI applications, innovative drugs, and high-end manufacturing, which represent the future direction of development; and third, new experiential consumer fields that are in line with the “small luck” consumption trend and are dominated by the private economy.

Zhu Liang, deputy general manager and investment director of Lianbo Fund, believes that the recent allocation of foreign capital to the Chinese market has shown a new focus. Its allocation logic is shifting from an early “undervaluation game” to long-term ownership of “high-quality profit-driven assets”, including private enterprises with global competitiveness, AI application-side enterprises, innovative drugs, and new productivity fields. This changing trend reflects that the logic of foreign investment in A-shares is more focused on long-term structural growth opportunities. Specifically, in terms of allocation, Zhu Liang believes that there are three main investment lines worth focusing on: first, dividend assets with healthy cash flow and dividend rates that are expected to continue to increase; second, new productivity fields such as AI applications, innovative drugs, and high-end manufacturing, which represent the future direction of development; and third, new experiential consumer fields that are in line with the “small luck” consumption trend and are dominated by the private economy.