Global Banks Raise China Growth Forecasts as Tech Profits Surge
Global banks lift forecasts for China’s growth and highlight surging tech profits, driven by exports, AI adoption and consumption policies.
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Global banks lift forecasts for China’s growth and highlight surging tech profits, driven by exports, AI adoption and consumption policies.
Overseas investors have ramped up their bets on the Chinese mainland’s tech sector, pushing A-share holdings past 3.5 trillion yuan as markets open wider.
China’s financial sector scored major wins during the 14th Five-Year Plan, from record banking assets and A-share market value to strong reserves and risk mitigation measures.
Foreign investors are pouring into the Chinese mainland’s A-share market as the Shanghai Composite Index hits its highest level in almost a decade, with QFIIs backing top sectors like autos and biotech.
China’s A-share market valuation just crossed 100 trillion yuan for the first time, fueled by top banks’ gains and a tech-driven rally attracting global investors.