极限挑战
Foreign financial institutions bullish on China's hard-tech growth momentum_我的网站
A |
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.
。 Pradeep Ranganathan is clearly in no mood to slow down. Even as his delayed project Love Insurance Kompany awaits a confirmed release date, the actor has already locked his next film and this time he will be wearing two hats. Pradeep is set to direct the upcoming project while also playing the lead, with AGS Entertainment stepping in as producer.The confirmation came straight from Archana Kalpathi of AGS Entertainment, who revealed the development during a recent interaction with a news outlet. The announcement has sparked interest among fans, especially since this marks Pradeep’s third collaboration with the banner after the blockbuster success of Love Today in 2022 and Dragon in 2025. Both films cemented his reputation as a filmmaker who understands contemporary youth culture and box office pulse.A trusted partnership continuesThe Pradeep Ranganathan and AGS Entertainment association has so far proven to be a commercially rewarding one. Love Today emerged as a surprise hit and turned Pradeep into a household name, while Dragon further reinforced his ability to deliver crowd pleasing entertainers. With this new project, expectations are naturally high, especially since Pradeep will be returning to direction after focusing on acting in recent outings.While details about the genre and supporting cast are being kept under wraps, industry buzz suggests that the film will once again tap into themes that resonate strongly with younger audiences. For AGS Entertainment, backing Pradeep once more seems like a logical move given their shared track record of success. View this post on Instagram A post shared by Pradeep Ranganathan (@pradeep_ranganathan) Riding high after DudePradeep was last seen in Dude, directed by debutant Keerthiswaran. The film featured Mamitha Baiju as the female lead, with R Sarath Kumar, Hridhu Haroon, Rohini, Aishwarya Sharma and Neha Shetty in key roles. The story revolved around two relatives who come together to launch an event planning business, only for personal emotions to complicate their professional partnership when one of them falls in love and proposes marriage.Despite receiving mixed critical feedback, Dude struck a chord with audiences and went on to collect over Rs 100 crore worldwide. The film marked Pradeep’s third consecutive entry into the 100-crore club after Love Today and Dragon. It also emerged as the clear box office winner during the recent Diwali clash, outperforming Bison starring Dhruv Vikram and Diesel featuring Harish Kalyan.The waiting game for Love Insurance KompanyMeanwhile, Love Insurance Kompany, directed by Vignesh Shivan, continues to remain in limbo. The sci-fi romantic entertainer stars Krithi Shetty and SJ Suryah alongside Pradeep and was initially planned as a festive Deepavali release. However, the makers decided to postpone the release of the film in order to avoid clashing with Dude. View this post on Instagram A post shared by Pradeep Ranganathan (@pradeep_ranganathan) With no promotional material released ahead of the new date, the film has since been pushed further, with the team yet to announce a revised release plan. Backed by Nayanthara and Vignesh Shivan’s Rowdy Pictures along with SS Lalit Kumar’s Seven Screen Studio, the project remains one of the more anticipated titles in Pradeep’s lineup.As he prepares to return to direction under the AGS banner, Pradeep Ranganathan seems poised to open a fresh chapter in his career, one that could once again redefine his place in Tamil cinema.Also Read: Pradeep Ranganathan thanks fans after Dude earns his 100-crore hat-trick。
B |
Current article:http://5n16.ganweilingmukuai.shop/news/20260826_48396.html
Published on:13:15:47