From "bullish" to "long", global capital is optimistic about Chinese assets in the long term

China News Service, Shanghai, November 13 (Gao Zhiming, Kang Yuzhan) The 2026 Shanghai Stock Exchange International Investors Conference was held in Shanghai from the 12th to the 13th. Nearly 400 institutional representatives from five continents around the world attended the conference. In the context of the current complex and ever-changing international economic and financial environment and the deep rebalancing of global asset allocation, international investors' attitude towards Chinese assets is no longer simply "bullish", but has shifted from valuation restoration and thematic investment to a re-examination of fundamentals.

Eduardo Bernardes, head of international markets at Saudi National Bank Capital Corporation, said in an interview with China News Service, "We have a very positive long-term view of China and are firmly optimistic about the Chinese economy. China has many very attractive industries." He believes that China's investment in robotics, artificial intelligence and other aspects is highly complementary to Saudi Arabia, and both sides should open their markets to each other to allow capital to flow. "I believe that our clients will benefit from increasing asset allocation in China in the future."

Ben Squires, chief investment officer of Engis Pension Australia, also expressed optimism. "The internationalization of the RMB, stock interconnection, and the convenience from Australia to China are all improving, and our ability and confidence to enter the market are increasing." He specifically mentioned that China's layout in the artificial intelligence application layer has formed extremely attractive investment opportunities, which can be used as a direction for diversified allocation.

The rebound in allocation willingness is more concretely reflected in long-term funds. Temasek Chief Investment Officer Rohit Sipahimalani revealed at the meeting that as of March 31, 2026, China accounted for 17% of its investment portfolio, one of the largest shares in the global market. He stressed that for long-term investors, China's innovation ecosystem remains extremely attractive. "Chinese assets are attractive to global investment portfolios because of China's current innovative vitality, complete industrial base and huge domestic market."

Zhang Yiming, managing director of CICC and director of the Global Equity Business Management Committee, observed that the attitude of international investors towards Chinese assets is not simply black and white, but has gone through a process from valuation repair, thematic investment to return to fundamentals. He analyzed that some sovereign funds, long-term institutions and professional investors with strong industrial research capabilities are still actively looking for globally competitive Chinese companies and regard market adjustments as opportunities to re-evaluate and deploy high-quality assets; while some macro and short-term trading hedge funds are relatively cautious and focus more on profit realization. This differentiation is also reflected in the direction of allocation: the former favors mid- and long-term layouts in technological innovation and advanced manufacturing, while the latter focuses more on defensive positions and event-driven opportunities.

Zhou Yisheng, managing partner of Gaohe Capital, observed from the real estate field that international investors are participating in the Chinese market in more diversified ways. He took Shanghai as an example. Foreign investment accounted for about 30% of the bulk transactions in the past ten years at its peak, and most of them were value-added renovation projects, with strong risk tolerance.

From "looking long" to "doing long", global capital is using a more prudent and professional approach to re-measure the safety, resilience and innovative value of Chinese assets.