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

一 |     ■プロ野球　日本ハム5ー2阪神　オープン戦　（23日　名護） 阪神は日本ハムに敗れオープン戦初黒星。先発・ラグズデールは2回、四球からピンチを広げ内野ゴロ間で1点を先制される。4回には岩貞が西川にソロ、カストロに2ランと被弾。7回には及川が五十幡に適時打を浴びた。    

    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.
。前日のヤクルト戦で20安打12得点の打線は5回に敵失、7回に濱田の適時打の6安打2得点に終わった。先攻のスタメンは1番センター・近本、2番セカンド・中野、3番DH・ディベイニー、4番ファースト・大山、5番レフト・前川、6番ショート・小幡、7番ライト・高寺、8番キャッチャー・伏見、9番サード・元山で組んだ。日本ハムの先発・達は昨季は16試合に登板、1完封を含む8勝2敗、防御率2.09。1回、近本が右安打、中野は二ゴロで走者が入れ替わる。ディベイニーは空振り三振、中野が二盗を決め2死二塁で大山は一飛で先制できず。先発・ラグズデールは長身203センチの新外国人右腕。

二 | 1回、矢澤を中飛、山縣を三ゴロ、レイエスを遊飛とわずか7球で抑える立ち上がり。2回の攻撃は達に前川は見逃し三振、小幡は左飛、高寺は見逃し三振に倒れた。ラグズデールは2回1死から野村に四球、吉田に右安打で一・三塁とするとカストロの三ゴロ間で1点を先制される。ラグズデールは2回を37球、1安打、1四球、2奪三振の1失点。

三 | 3回の攻撃は達に伏見は投ゴロ、元山は一ゴロ、近本は空振り三振に終わる。

四 | 3回、2番手・今朝丸は淺間を左飛、矢澤を遊ゴロ、山縣を中飛と9球で退ける。

五 | 4回の攻撃は達に中野が四球も二盗失敗、ディベイニーは見逃し三振、大山は空振り三振で3人で終わる。今朝丸は4回、レイエスを空振り三振に取り降板。代った岩貞は西川に右翼席にソロ本塁打を放たれ、0ー2に。さらに岩貞は野村に安打、2死後にカストロに左中間席に2ランを叩き込まれ、0ー4になった。5回の攻撃は日本ハムの2番手・育成の宮内に1死から小幡が四球、2死後に伏見が右安打に右翼手・矢澤が内野へ悪送球する間に1点を返し、1ー4となる。さらに元山が四球で一・二塁も谷端は二直に打ち取られた。5回、4番手・工藤は2死から山縣に四球も後続を抑える。6回の攻撃は日本ハム3番手・島本に濱田は中飛、ディベイニーは左飛、小野寺は左安打も前川は空振り三振に終わる。

六 | 6回、5番手・モレッタは西川を見逃し三振、野村を右飛、吉田に右安打もカストロを左飛に打ち取った。

七 | 7回の攻撃で日本ハム4番手・玉井に小幡が四球、高寺が左安打、嶋村が中安打で無死満塁の絶好機に。元山は遊直、谷端は空振り三振も濱田は三内安打タイムリーで2ー4とする。なお2死満塁で代打・糸原は一ゴロに倒れた。7回、6番手・及川が先頭・田宮に右安打、濱田が後逸し無死二塁に。

八 | 淺間の一ゴロで1死三塁から代打・五十幡に中前にタイムリーを弾き替えされ、2ー5となる。8回の攻撃は小野寺、中川、熊谷と出塁できず。8回はドリスが1安打を許すが無失点に抑え、9回の攻撃は代打・西純、嶋村、元山と三者凡退で終了。

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Published on:00:10:57