Morgan Stanley Asia CEO: China's AI ecosystem contains trillions of dollars in incremental market value.

"We evaluate that the entire AI ecosystem in China has the potential to create incremental market value of 30 trillion to 40 trillion US dollars, and these have not yet entered the market." At the 2026 Lujiazui Forum held on June 17, Morgan Stanley's Asia CEO and Global Co-Head of Equities Ka Ho Fung said that, driven by artificial intelligence, global investors' interest in the Chinese market continues to rise, and the current inflow of capital is still only a small part compared to the volume that "should flow in and also actually needs to flow in." Fung pointed out that global AI annual investment has increased to about 1 trillion to 1.5 trillion US dollars, and the supply chain supporting this wave of AI investment is rooted in the Asian region, particularly in China. Apart from the United States, China is the only market with an independent and comprehensive AI ecosystem, from semiconductor localization to data centers and cloud service providers, to large language models, and to applications - including digital applications and physical applications, such as humanoid robots. The field is developing, with hundreds of companies participating in the innovation and construction of this ecosystem.