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Recently, many foreign institutions have released their A-share investment strategies for the second half of the year. In their investment strategy reports for the second half of the year, many institutions said that many signs show that the Chinese economy is in a steady recovery phase, with indicators in the manufacturing, consumption, and export sectors showing positive trends.

British asset management company Schroder Investments believes that the Chinese stock market has greater room for growth than other stock markets in the next two to three years.

Invesco's global market strategists for Asia Pacific (excluding Japan) pointed out at its mid-year Global Investment Outlook Exchange that the company is beginning to see upward revisions to earnings expectations for Chinese companies, which is an encouraging sign that as earnings growth re-accelerates, foreign investors will have more confidence in Chinese companies' earnings in the future.

It is not difficult to see from the outlook reports on the Chinese market in the second half of this year recently released by a number of international financial institutions that foreign institutions are optimistic about the investment opportunities in China's financial and capital markets.

The International Monetary Fund (IMF) released an update to its World Economic Outlook report on July 16, raising its forecast for China's economic growth this year to 5%, 0.4 percentage points higher than its forecast in April. The report pointed out that since the beginning of this year, the recovery of domestic consumption in China has driven economic growth, and the positive trend of foreign trade exports has also brought more vitality to economic growth. Asian emerging economies represented by China are still the main engine of global economic growth.

The Barclays research team raised its forecast for China's GDP growth this year from 4.4% to 5%, noting that the main support factor was China's stronger-than-expected first-quarter economic data. Barclays said that due to the large size of China's economy, its economic growth often has an important impact on the overall growth of the entire region, which will drive the overall economic growth rate of emerging Asian markets to 5.2%.

The global outlook for the second half of 2024 released by Deutsche Bank Group's research team shows that in April, the bank raised its forecast for China's economic growth in 2024 by 0.5 percentage points to 5.2%, given that China's economic growth in the first quarter exceeded expectations. Economic growth will be boosted in the short term by the continued recovery of exports and accelerated fiscal spending.

As the artificial intelligence (AI) craze continues to drive stock market gains, several foreign institutions also expect that China will eventually develop an AI ecosystem that is different from other regions and has great monetization potential, which will benefit China's Internet industry.

Data shows that as of the end of June, the net purchase amount of northbound funds this year was 38.578 billion yuan; in the most recent quarter, Shenwan Nonferrous Metals, Electronics and Banking sectors all received more than 8 billion yuan in northbound funds. In addition, industries such as artificial intelligence and semiconductors have become the favorites of foreign institutions.

In the view of foreign institutions, many indicators of China's economy are currently developing in a positive direction. China's promotion of high-level institutional opening of the financial sector has provided broad opportunities for the world market. (Source: Economic Daily Author: Zhu Lin)