Foreign capital, known as smart capital, has always been regarded as an important wind vane by the market, and the every move of international asset management giants has attracted much attention. The latest data disclosed on March 30 by qiaoshui all-weather China fund, a subsidiary of qiaoshui, the world's largest hedge fund, showed that the total size of the fund was US $6.154 billion, up from US $5.44 billion at the end of the previous quarter.
At the same time, Shi bin, head of China equities at UBS asset management, also spoke recently. He said that investing in high-quality Chinese companies will bring long-term strong returns to patient investors. "We have confidence in China's stock market and need more patience at present." Shi Bin said.
qiaoshui enlarges China's market layout
US Securities Regulatory Commission (SEC) data show that the latest disclosure data of qiaoshui all-weather China Fund on March 30, 2022 shows that the total size of the fund is about US $6.154 billion (about 39.4 billion yuan), up from US $5.44 billion in the previous quarter, of which US investors account for about 48%
Rui Dalio, the founder of qiaoshui fund, has publicly stated that he is optimistic about the Chinese market for many times since a long time ago. In 2018, qiaoshui officially registered as China's private equity fund manager and issued the first private equity fund - "qiaoshui all-weather China private equity investment fund No. 1" that year. After three years, qiaoshui has issued three private placement products.
At present, qiaoshui has broken through the "ceiling" of 10 billion foreign private placement. According to the website of China Fund Industry Association, the management scale of qiaoshui China has been updated to "more than 10 billion yuan".
the world's largest QFII fund has not heard for a long time
In addition to qiaoshui, more and more global asset management giants are also supporting a shares.
UBS's China Opportunity Fund is known as the world's largest QFII Fund (USD), which focuses on the layout of Listed Companies in China's offshore and onshore markets. Recently, Shi bin, head of UBS asset management China equities, has not spoken for a long time. Shi Bin said that the attractive long-term trend of the Chinese market still exists. He is confident in the Chinese stock market and needs more patience at present.
"One of the reasons why we are optimistic about China's stock market is that the government has strengthened policies and measures to stabilize growth. Policies were the main reason for the sharp fluctuations in many sectors of the stock market last year, and this year may be the key to reversing the stock market. The recent investigation of Technology and health care companies by regulators is mainly the continuation and implementation of relevant policies last year. We believe that policy risks may have passed the inflection point." Shi Bin said.
Shi bin further said that at present, the valuation of China's stock market has reached an attractive level, and he will continue to pay attention to the long-term element of investment, that is, fundamentals. "We believe that investing in high-quality Chinese companies will bring long-term strong returns to patient investors. Many high-quality Chinese companies have a good record of long-term growth and have proved to be resilient when the market environment changes. In addition, the long-term trends that make the Chinese market attractive still exist, coupled with the relatively low investment allocation of international investors in the Chinese stock market and the Chinese capital market The opening of the market will bring many opportunities for active investors. "
According to the latest disclosed data, as of the end of the fourth quarter of last year, well-known foreign institutions such as UBS, France Industrial Bank Co.Ltd(601166) , JPMorgan Chase, Morgan Stanley, CITIC Lyon and Goldman Sachs all appeared on the list of shareholders of A-share listed companies. Among them, UBS, China International Finance Hong Kong Asset Management Co., Ltd. and France Industrial Bank Co.Ltd(601166) hold 84, 46 and 29 A shares respectively, ranking among the top three in all QFII.
"A-share is a market full of unbalanced opportunities. About 70% of the trading volume comes from individual investors. Imbalances caused by human emotions are everywhere. It is like a vast galaxy full of opportunities and bright spots at any time." Zhu Liang, investment director of LianBo Huizhi, said.
