Pessimism was reflected in capital markets: Chinese companies had a traditional channel, a traditional channel seeking foreign capital dried regulatory study. Hang Seng index, the city benchmark index, only The year of the fourth flat casualties.
Today, the mood is very different. During Hong Kong’s Mega Event Week – Art Basel Exhibition and Rugby Seven tournament-banking and financial managers, Europe, USA and financial managers, Europe, USA and later will return to China and Hong Kong.
The Hang Seng index is about 20% over the years, compared to 3% discount in the S & P 500, 20%, Japan’s Nikkei 225 is 20% compared to 5.8% in 225. Chinese companies were staged as Alibaba, Xiaomi and BYD double-digit rallies. Wall Street is upgrade their goals Shares in China, more positive policy signals than Beijing and the probability of being new innovations after DeepSEEK.
“Completely invested,” said Thursday, Thursday, Jenny Johnson, Jenny Johnson, referring to the world’s second largest economy in the HSBC Global Investment Summit.
The changed narrative “Surprising”, Frederic Neumann, HSBC, is the head of the HSBC asian economist Fortune Thursday, during a formation of the British Bank’s conference. “China has more optimism and interest.”
Bonnie Chan Yite, Director General of Hong Kong Exchanges and Cleaning Limit, on the Aysal New Year’s market, HKEK in HKEK on February 3, 2025 HKEK’s first trading day is Aysal New Year holiday. (By Vernon Yuen / Nurphoto via Getty IMGS)
Bonnie Chan, General Director and Cleaning of Hong Kong Exchanges Working the City’s ExchangeHe darkened his turn in HSBC’s event on Tuesday. “A year ago, a year ago, many international investors were silent in Chinese shares, but their appearance changed in September, and many of them began to increase their investments in Hong Kong and China,” he said.
Hong Kong is the stock exchange Now to attract Blockbuster iPo From Chinese firms. This week the Tesla Supplier revealed Catl Received a formal approval Collect $ 5 billion through an IPO in the Chinese city. There will be the largest list of the city since 2021.
DeepSeek Shock
China’s shares rally began controversially graduation Deepseek’s Cheap, Powerful and Efficient AI model was deleted in late January around a trillion dollar The value of US technological shares – and added about the same amount In Chinese technological shares.
“DeepSeek said that the arm, Kevin Sneader, Goldman Sachs, President of the Asia-Pacific Japan, said in Semgen Global Investor Symposium.
Asia Screen Screader, member of the Boao Forum on March 27, 2025, on March 27, 2025, on March 27, 2025, on March 27, 2025, on discussion on the Asia BFA annual conference on 27 March 2025, the Asia Screen Screen
After a while from cotton to the DeepSeek potential of investors, the founder of the beginning liang wenfeng sat a symposium With President Xi Jinping, Tencent founder Pony Ma and other leading technological leaders like Huawei founder Ren Zhengfei. On Monday, Sneader said that the “hand tightening” meeting is an open signal, and Beijing is ready to embrace the private sector. “Trust feels like he is back,” he said.
After the DeepSEEK, international investors have innovation in China’s technology sector, and the Director General of the Chinese Asset Board Yimei Lee noted.
International investors, including the United States, including the United States’s technological sector, and the General Director General of the Hong Kong Investment Corporation Clara Chan Ceng Ceng. He added that now they want to use Hong Kong to use it as LaunchPad for this investment by working with internal entities.
Does China finally turn the consumption from a corner?
Beijing is whether he is ready to do more to increase the rest of the economy.
Since September, the authorities have promised more stimulus to promote the flagship domestic consumption since the end of the Covid Pandem. Officials again repeated the driver’s To strengthen consumption after the “two sessions” last month.
Again there is a lot of space to cover. Economist Keyu Jin, Milliken’s incident on Monday, the consumption was 38% of China’s GDP. He noted that there are still “hundreds of millions of people” without the right access to health, education and social security compared to the inhabitants of the city.
However, financial firms can give things a longer term. “It is really difficult to bet on any country with 1.4 billion people,” he said. “(China) has a very successful history, many innovations, many motivations, and most importantly, the government has a large number of incentives.”
Neumann of HSBC said Fortune This, “no one is waiting for a miracle from China this year,” Beijing has a shift a shift in “gradual” in the consumption approach. Investors have a structure turn that can take several years in China, but no doubt something happens. “
But not everyone is convinced. Former Morgan Stanley Asian Chairman Stephen Roach rejected Beijing rhetoric, in an interview Bloomberg Thursday.
What about the United States?
About markets like China and Europe are optimistic about the fears of the US Tariffs, inflation and weak consumer feelings, the American capital markets this year.
“The largest risk factor in most people’s portfolios is the US technology,” Asian head for Associates, Asian head ASIA headsa ASIA’s Cambridge Associates said that shares are red in the “magnificent seven”; Nvidia is down More than 20%, while Tesla descends More than 30%.
Trump management also hits the feeling of the back and forward in the tariffs. US President, the Tariffs proposed on Monday strongly as fear. A few days later, he ended the budding and ended with the optimism New 25% tax on car importsand Another 25% tariff In any country importing oil from Venezuela.
Investors now, on April 2, the Trump leadership will open all new tariffs in a country in the country.
HSBC President Mark Tucker, “HSBC Chairman Mark Tucker announced the bank’s Hong Kong Conference on Tuesday. “The continuous thing is no longer.”
