Overseas investors increase the allocation of China stock market-international institutions cast a "vote of confidence" in China market.

  Recently, a number of international investment institutions, including Morgan Stanley and Goldman Sachs, have been "singing more" on the China stock market, and many institutions have even taken out "real money and silver" to buy more China assets.

  Experts said that with the implementation of a series of steady growth measures in China and the accelerated optimization of epidemic prevention and control measures, the expectation of China’s economic stabilization and rebound has become clearer, attracting international institutions to re-examine the allocation value of China’s assets. In the future, under the background of China’s deepening the high-level institutional opening-up of the capital market, the efforts of international institutions to "buy in buy buy" are worth looking forward to.

  Institutional upward adjustment expectations

  Recently, a number of overseas investment institutions have increased their allocation to the China stock market.

  On December 4th, Morgan Stanley upgraded the China stock market from "standard" to "over-allocation", and it is predicted that the MSCI China Index will rise by 14% by the end of 2023. Wang Ying, chief equity strategist of Morgan Stanley China, said that the evaluation framework shows that the prevention and control measures of China epidemic are continuously optimized, the real estate market is stabilized, and the regulatory adjustment is in the final stage, so the stock risk premium may be improved, so the target price for the entire China market is raised, and there is a greater chance of revaluation by 2023.

  Coincidentally, on November 30, Goldman Sachs also said that it would also give a proposal of "high allocation" for A-share investment in 2023, and it is expected that the valuation of A-shares will rebound significantly. Liu Jinjin, chief China equity strategist of Goldman Sachs, said that under the expectation that the macro-control is intensified and the GDP growth rate is expected to pick up, we are optimistic about the performance of China stocks listed at home and abroad.

  Bank of America’s strategy team believes that China’s domestic stocks are bound to rise due to the excess savings of China residents and the continuous optimization of epidemic prevention policies. Rui Dalio, the founder of Bridgewater, believes that some valuable assets can be found in the China market at present. China is the second largest economy in the world, and investors can improve their diversification by investing in China.

  The support of international institutions is not groundless. Recently, the overseas listed China ETF, China Stock Exchange and offshore RMB exchange rate all ushered in a wave of solid rise, which enhanced the confidence of foreign institutions to invest in China. For example, since November, the net value of iShares MSCI China ETF with a scale of over $7 billion has increased by over 30%; NASDAQ Jinlong China Index rose by more than 40% in November, the largest monthly increase since records began in 2003. The RMB exchange rate has also recently gone out of a strong upward trend. On the morning of December 5, the offshore RMB exchange rate against the US dollar rose to 6.9813, the highest since mid-September.

  "At present, some major economies continue to tighten monetary policy, the risk of economic recession has intensified, and market return expectations have weakened. In contrast, China has a stable economic development and clear investment logic. " Li Zhan, chief economist of China Merchants Fund Research Department, analyzed that China’s economy is changing from high-speed growth to high-quality development, and there are a lot of investment opportunities in the process of industrial upgrading and consumption upgrading in various industries. At the same time, China recovered quickly from the impact of the epidemic, and its economy rebounded significantly in the third quarter, and its position in the global industrial chain was rising day by day. In addition, China’s financial opening to the outside world has been continuously promoted, and the channels for foreign investors to participate in the domestic financial market have been continuously optimized, attracting the attention of more and more international investors.

  The attractiveness of A shares has increased.

  In addition to high-profile "singing more" China assets, foreign investors also took out "real money and silver" and continued to substantially increase their positions in A shares. As of December 6, the net purchase of northbound funds in 30 days exceeded 75 billion yuan, and the net purchase in the past 10 days reached 42.8 billion yuan.

  Looking forward to 2023, the market expects that the pace of foreign investment "buying in buy buy" will continue to accelerate. "In 2022, nearly 70% of the financing amount in the A-share market comes from science and technology innovation board and the Growth Enterprise Market, which fully reflects the support of the capital market for technological innovation enterprises and emerging industries." Sun Jin, a partner of PricewaterhouseCoopers China Comprehensive Business Services Department, said that in 2023, with the steady progress of the comprehensive registration system reform and the introduction of more measures to support scientific and technological innovation, the international attractiveness of the A-share market will be further enhanced.

  As for the investment industry, the strategy team of Goldman Sachs believes that with the implementation of policies and measures to stabilize growth and the continuous optimization of epidemic prevention and control measures, the unemployment rate in China will drop, labor income will improve, consumer confidence will be restored, and consumer services, medical equipment and service sectors will rebound strongly, especially in tourism, catering, entertainment and aviation industries.

  "Next, the geopolitical situation will enter a relatively calm stage, and the equity cost and equity risk premium will gradually decline, which will help investors reinvest in the China stock market. The consumer sector is the beneficiary of economic opening up. We further increase our exposure to this sector and continue to suggest increasing the allocation of offshore China stocks. " Wang Ying said.

  In order to better attract foreign investment into the China market, Tian Lihui, president of the Institute of Financial Development of Nankai University, believes that it is necessary to persist in promoting the high-level institutional opening-up of the capital market and make overall plans for development and security. It is necessary to continue to expand the interconnection quota, continuously increase the variety of international products, gradually liberalize the restrictions on foreign-funded shares of financial institutions, and continue to promote the internationalization of the RMB. At the same time, the capital market should be opened to the outside world with gates, there should be room for trading rules, and market supervision should be real-time and prudent to prevent foreign hot money speculation and prevent the spread of foreign financial risks.

  Fang Xinghai, vice chairman of China Securities Regulatory Commission, also said recently that high-quality overseas capital market institutions are welcome to invest and exhibit in China. In the future, we will further improve the institutional framework for opening up the capital market, accelerate the implementation of various opening-up measures, and attract and gather more outstanding international institutions and talents to participate in China’s capital market. We will continue to improve relevant institutional arrangements, further facilitate cross-border investment by domestic and foreign investors, and better support cross-border financing development of enterprises.

  Competing for exhibition industry in China

  Since the beginning of this year, the policy dividends to further improve the convenience of foreign investment in China’s assets have been released intensively, giving foreign institutions a "reassurance" to enter the China market.

  On April 26th, the CSRC issued the Opinions on Accelerating the High-quality Development of Public Offering of Fund Industry, proposing to support high-quality overseas financial institutions with long-term investment will to set up fund management companies or expand the shareholding ratio. On November 18th, the People’s Bank of China and the foreign exchange bureau jointly issued the Regulations on Fund Management of Foreign Institutional Investors’ Investment in China Bond Market, which improved and clarified the requirements for fund management of foreign institutional investors’ investment in China Bond Market.

  The convenience of foreign-funded institutions’ exhibition industry in China has been continuously improved, and the business scope and regulatory requirements have achieved national treatment. At present, more than 10 foreign-controlled or wholly-owned securities fund futures companies, such as JPMorgan Chase, Goldman Sachs, Nomura and UBS, have been successively approved, and foreign banks such as Standard Chartered Bank have obtained fund custody qualifications in subsidiaries in China. Foreign private equity funds such as Qiaoshui and BlackRock have successively set up 38 wholly-owned subsidiaries.

  On November 25th, Lubomai Fund announced that it had obtained the Public Offering of Fund business license issued by China Securities Regulatory Commission, becoming the second wholly foreign-owned fund management company newly established in China to conduct Public Offering of Fund business. Lubomai Fund said that the continuous opening of the financial market and the increasingly perfect business environment ruled by law have further enhanced Lubomai’s confidence and hope to further integrate into the development of China’s capital market in the future.

  A number of foreign-funded institutions have started to exhibit in China. At the end of October, ICBC Wealth Management of Goldman Sachs, which was approved to open in June this year, launched the first wealth management product "Shengxin Junzhi Private Bank Enjoy Quantitative Equity Wealth Management Product Phase 1", with a maximum fundraising scale of 5 billion copies. Goldman Sachs ICBC Wealth Management previously said that after the deep correction in the previous period, the value of A shares is becoming prominent, and there is a large room for long-term holding.

  As the first wholly foreign-owned public offering, BlackRock Fund has issued three equity funds and one "fixed income+"fund since it was approved in June 2021, and its products are diversified. Lu Wenjie, investment director of BlackRock Fund, said that A-shares are a market with great breadth and depth, wide investment scope, many related target companies and good liquidity. With the continuous strengthening of China’s opening to the outside world, it is believed that the integration of the global market and the China market will be a long-term trend.

  "More outstanding international institutions entering the A-share market are investing in China’s economic growth prospects and the profitability of China enterprises ‘ A vote of confidence ’ Being able to form a healthy competitive interaction with domestic institutions is conducive to expanding the breadth and depth of China’s capital market, and is also conducive to the continuous improvement of service capabilities of related industries and helping China’s economic development. " Tian Lihui said.

Top 10 of the most popular popular mobile games in 2023, recommended by fun mobile games.

For many friends, games are a very good form of entertainment. Playing games on mobile phone to kill time and eliminate stress, interested friends can check it here. Show you the top ten most popular games in 2023, and there is always a type that suits you. You can download it for free and enjoy it. Interested game lovers should not miss it. Come and learn!

There are always a few professions in the current game that are very powerful, especially when they have enough money-making ability. Is it true that only kryptonite can play these professions? No, in fact, many Krypton players are choosing these occupations, but they use special accounts (internal numbers), and all the support needed for career development is provided by the players (1.8Q-5Q per day). Although such accounts are very strong, only players with internal codes can apply, as we all know: "official website", and so on, these internal platforms are only for those who hold internal codes.

1. QQ flying car

QQ Speeder is a racing hand tour, which provides exquisite pictures and more realistic driving experience for players who love racing. It brought high-quality competitive scenes to everyone, and fierce racing competitions were held in the game. Players will see many beautiful car appearances and fashionable shapes, and they can customize their characters and cars individually. Feel the passion of speeding on the track and reach the finish line at a higher speed to become a winner. Friends who like to pay attention to racing games may wish to experience this hand tour and enjoy the classic racing adventure.

2. the glory of the king

The glory of the king is a 5v5 team competition MOBA mobile game. Players need to compete fairly with their opponents in the approximately symmetrical King Canyon battlefield. On the basis of inheriting the classic MOBA game, the game incorporates many innovative characteristic modes, so that players can fully feel the fun of the game. Prepare to meet enemy heroes, prepare for war hand in hand with allies, and share this tense confrontation of skills and strategies!

3, League of Legends mobile game

This game successfully transplanted the classic end-game into a mobile game, bringing players a more relaxed and concise game experience. Players can choose their favorite hero characters and grow up all the way from the role training stage, or they can form a team with friends to play together, which is convenient and easy to learn. The game environment is absolutely fair, which really tests the player’s ability to use role operation skills and game strategies.

4, crossing the line of fire: the king of gun battle

Crossing the line of fire: Gunfight King is a popular hand tour for shooting enthusiasts, which helps you defeat the enemy with various weapons resources in the game. The intense shooting scene allows players to appreciate the most classic shooting in the gunfight. The game has unique shooting characteristics, rich weapon selection makes you addicted to it, and mastering the power of each gun helps you defeat the enemy. Only by destroying all the enemies on the battlefield can we win the victory by surviving to the end.

5, the battle of the golden shovel

The Battle of the Golden Shovel is a popular leisure and competitive mobile game, and the diversified game modes allow you to freely control the characters to fight. The game provides a variety of modes, whether it is single, double or competitive, you can experience it here. Rational distribution of troops on the battlefield, strategic deployment, and building a strong lineup, so as to complete the task more quickly. Every time you team up, you will be matched with a strange player, and you need to know each other’s strength to compete. Players need high adaptability, which makes the game a highly praised competitive mobile game. Adapted from the end tour, if you like Genting’s game, you may wish to experience it.

6. After tomorrow

After tomorrow is a game full of eschatological atmosphere. Players can form teams to explore and seek resources in a world full of ruins. Many non-player characters are designed in the game. They will assist the players and express their gratitude, providing valuable information, abundant supplies and weapons and equipment. Players need to build a strong Noah’s Ark in this doomsday world to spend difficult times with their companions. The rewritten text retains the original meaning, but adopts different expressions to ensure high originality.

7, the original god

The charm of this popular high-quality role-playing game lies in its extraordinary scene beauty and carefully created characters. At the same time, the game has a complete combat system and a deep role training mode, which makes players intoxicated. As a traveler from a foreign country, players will start a legendary adventure on the mainland called "Tiwat". Each game character has their own unique story, waiting for players to explore and uncover the amazing legend in this mysterious land.

8. Egg Party

Egg party is an easy game full of joy, which provides unlimited pleasure for players. In this game, you will participate in a warm and grand party and visit the creative charm level with other players. There are many unique organs hidden in the checkpoint, which let you meet new challenges constantly in the sound of surprise gift. Every player will fall into the water in the funniest way, bringing you laughter in front of the screen. Join this warm feast quickly and immerse yourself in your happy dreams!

9, swim against the cold

If you are interested in open world games, why not join this world full of adventure opportunities? In this game, you will get to know the sects with different styles, enjoy the endless exploration map and vivid game scenes, so that you can deeply appreciate the unique style of the rivers and lakes. The interactive mechanism of various elements is added to the game. What’s more interesting is that when you are offline, your character will continue his independent life, as if he were in a vibrant river and lake. This special setting makes the game more vivid and real, and brings you an unprecedented immersive experience.

10. Soul Street: Born to be king

Soul Street: Born to be King is a role-playing mobile game deeply loved by players, which allows you to step into the classic animation world of Soul Street and appreciate the plot. The game restores the development of the original plot, free competition, and the role needs to improve its strength to complete the fierce fighting task. Real maps and smooth operation experience allow players to use flexible gestures to launch a competitive challenge. After completing the task, you will gain more power to participate in the fierce fighting competition.

The above ten mobile games are some mobile games with very good popularity and word of mouth at present, which are very worth playing. Well, that’s all the contents of the top ten mobile games in 2023 brought to you in this issue. See you next time!