罗生门

Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站

一 |     

北京时间4月21日，火箭队85-95不敌勇士队，大比分0-1落后。这场比赛火箭一度落后勇士23分，在末节缩小到4分，只可惜范弗利特连续的三分打铁葬送比赛，范弗利特+格林合计34中7，申京空砍26分9篮板显得很悲凉。    

    Visitors interact with a robot from Unitree Robotics during the sixth China International Consumer Products Expo (CICPE) in Haikou, south China's Hainan Province, April 14, 2026. (Xinhua/Gao Jing)Foreign financial institutions are finding a stronger investment case in China's hard-tech industries as breakthroughs in AI, semiconductors, and advanced manufacturing are driving more exports, higher earnings, and growing interest from global investors.
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.
。

申京在开场就顺下隔扣追梦，申京的怒吼让追梦有些胆寒，开场5次出手申京命中4个，在三个都是在追梦头上拿到，追梦6尺6寸怎么防6尺10的申京？不过科尔立马调整策略换下7尺长人波斯特还包夹申京，首节申京8中4拿到8分6篮板1助攻，还是勇士防不了的点。

申京第二节只休息了5分钟被勇士打了18-5令人无奈。申京登场后连拿4分稳定战局，申京又单打得手，勇士真的防不住。申京每一球都要从弧顶持球发动累瘫他，格林是一个球不进，单节火箭13分（申京5分钟8分），半场（火箭34分）申京已经13中8拿16分7篮板1助攻。

易边再战勇士连续制造犯规已经拉开到17分，还是申京单打追梦得手，申京接杰伦格林的丢锅球，面对追梦的贴防命中后仰压哨三分，随后申京篮下制造波斯特犯规两罚一中，三节打完申京22分7篮板1助攻2抢断。

末节申京篮下继续命中已经拿到24分，他的效率还是超五成，而他的多位队友效率很糟糕！随后火箭全队都在给范弗利特制造外线三分机会，只可惜范弗利特5中1，如果都给申京打可能还有曙光，末节申京1中1拿到4分2篮板1抢断。

二 |

申京全场比赛36分钟，18中11，三分2中1，罚球4中3，拿到26分9篮板1助攻3抢断，命中率61.1%，三分命中率50%，他是休媒唯一点赞的球员：精彩的季后赛首战，最出色的28号。

三 |

休媒：阿尔佩伦-申京是一位超级巨星！他并非是格林那种三月某一天会爆发的球星，也不是那种什么节日前夕会爆发的球星，更不是那种打10场会爆1场的球员。

四 | 相反，申京整个赛季都趋于稳定，无论常规赛还是季后赛。

文/颜小白。

五 |

Current article:http://www.lindunfokangliucishirun.shop/news/20260826_300374.ppt

Published on:00:26:33