UBS says international capital is increasingly interested in Chinese assets, global mainstream funds are focusing on Chinese assets.

Ralph Zhu, President of UBS Group in China, stated at a media conference on the 19th that Hong Kong has become one of the preferred locations for Chinese enterprises to raise funds through IPOs. With the demand for Chinese enterprises to expand overseas and the continuous optimization of listing policies, multiple factors have jointly driven the "A+H" model into a new upward cycle. At the same time, overseas capital's interest in Chinese assets continues to rise, as seen in the enthusiastic subscription of cornerstone investors in multiple Hong Kong IPO projects. "Currently, in our Chinese enterprises' overseas IPO projects, cornerstone investors account for approximately half of the coverage. For high-quality enterprises, cornerstone investors are competing to subscribe for issuance shares," she mentioned. According to Ge Chen, co-head of UBS's global investment banking division, mainstream global funds are showing increasing interest in Chinese assets. Chinese assets have valuation advantages, and under policy-driven improvements in corporate profitability, several high-quality IPO projects are emerging in the primary market. Therefore, international investors are further focusing on Chinese assets.