China's world-beaters in tech, energy sectors are focus of investors, JPMorgan says
Global investors are increasingly turning to China's global market leaders in the technology and energy sectors to diversify their investment portfolios amid heightened geopolitical tensions and uncertain economic outlook, according to JPMorgan.
Advertisement
Funds were not only targeting established firms in industries like car manufacturing, robotics and renewable energy but also capturing opportunities in China's innovative capabilities as market volatility spikes, said Kwang Kam Shing, Hong Kong CEO and chair for North Asia at the US' biggest bank.
'They are a group of very well informed and sophisticated investors,' Kwang said. 'Aside from just talking about the technology, there were discussions on how the supportive business ecosystem in China has effectively nurtured and developed this group of entrepreneurs and innovators.'
Industrial robots inside a factory at Midea-Kuka Intelligent Manufacturing Science and Technology Park in Foshan, Guangdong province. Photo: Xinhua
Some of China's biggest companies hold commanding leads in global markets. Electric-vehicle (EV) maker BYD has toppled Tesla in sales, while Contemporary Amperex Technology controls more than 38 per cent of the market for EV batteries.
DeepSeek's breakthroughs in large-language models sparked a trillion-dollar global rout in Nvidia and US tech stocks in January.
Advertisement
Global investors' enthusiasm for those companies aligns with Beijing's efforts to bolster high-productivity sectors to combat an economic slowdown, Kwang said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Standard
25 minutes ago
- The Standard
US may target Samsung, Hynix, TSMC operations in China, sources say
The logo of SK Hynix is seen on its product during The 26th Semiconductor Exhibition (SEDEX 2024) in Seoul, South Korea, October 23, 2024. (Reuters)
The Standard
40 minutes ago
- The Standard
HK restaurants rise in global culinary rankings as Peru's Maido takes top spot
Motorists to save $14 in fuel with new Central Kowloon Route as govt proposes tunnel toll hikes
South China Morning Post
an hour ago
- South China Morning Post
Donald Tsang becomes Hong Kong's second chief executive in 2005 – from the SCMP archive
This article was first published on June 22, 2005. Help me to make a new start: Tsang by Gary Cheung and Dikky Sinn Advertisement Donald Tsang Yam-kuen on Tuesday (June 21, 2005) called on local people to join him in starting a new chapter for Hong Kong following his appointment as chief executive, saying he would safeguard the overall interests of the city with concrete action. The salesman-turned-leader pledged to engage in dialogue with people from different walks of life and reach out to the public through district visits. 'Without Beijing's and the public's support, I will have nothing,' he said. Premier Wen Jiabao, who signed the appointment decree installing Mr Tsang as chief executive after a State Council meeting, said he believed the Hong Kong government under Mr Tsang could reap greater achievements in promoting the city's prosperity and stability. A clipping from the front page of the SCMP's June 22, 2005 issue. Photo: SCMP Mr Wen praised Mr Tsang for making a great contribution to safeguarding the 'one country, two systems' concept and the Basic Law, as well as maintaining the prosperity and stability of Hong Kong while serving as financial secretary and chief secretary.
