Foreign institutional investors conduct intensive research on A-share companies; technology sector becomes a key focus

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Entering 2026, foreign institutional research enthusiasm for A-shares remains high. Wind data shows that by February 9, a total of 224 foreign institutions have conducted 569 research visits to listed A-share companies this year, including well-known firms like Morgan Stanley, BlackRock, Goldman Sachs, and Citigroup.

Additionally, several foreign institutions recently released reports optimistic about the Chinese stock market. For example, Goldman Sachs maintains a “Overweight” rating on Chinese stocks and forecasts that the China index and the CSI 300 will rise by 20% and 12%, respectively. UBS states that Chinese stocks are “attractive,” with expectations that the earnings growth rate of the MSCI China Index will rebound sharply from last year’s 2.5% to 13.6%, mainly driven by technology stocks.

Looking at the targeted companies in foreign research, Huaming Equipment, Yingstone Innovation, and Inovance Technology rank among the top three. Moreover, companies like Opto, Yiheda, Anji Technology, China Resources Micro, and Stetway have each attracted over 20 foreign institutional visits. This indicates that foreign research mainly focuses on sectors such as semiconductors and robotics.

UBS Wealth Management CIO Office states that the Chinese market has growth and return potential. China’s continuous push for technological innovation and self-reliance creates a favorable business environment for companies. Additionally, benefits such as healthcare companies expanding abroad, emerging new consumption models, and grid modernization are expected to benefit industries like healthcare, consumer goods, materials, and electrical equipment.

Invesco China’s Mainland and Hong Kong Chief Investment Officer Ma Lei said, “Looking ahead to 2026, we remain optimistic about the Chinese stock market. Improving fundamentals and long-term growth drivers are likely to create a more sustainable structural growth cycle.”

Regarding investment opportunities in China’s stock market, Ma Lei believes that first is industrial upgrading. Key sectors such as electric vehicles, pharmaceuticals, and automation are expected to drive next-stage growth. Companies with solid R&D capabilities can capitalize on market demand for advanced products and solutions. Second is the artificial intelligence trend. The release of DeepSeek in early 2025 demonstrates China’s ability to develop cost-effective, high-performance large language models, marking China as a strong competitor in the global AI race. China has one of the world’s largest internet user bases, relatively low energy costs, and the foundational conditions to support large-scale AI development and deployment. Its abundant talent pool, vast data resources, and efficient automation expansion capabilities give China a competitive edge in transforming AI innovation into tangible productivity gains. Third is consumer evolution. Due to demographic shifts and changing consumer preferences, China’s consumer market is expected to undergo significant transformation. Younger consumers are increasingly spending on service and IP-based products, including online gaming, travel, entertainment, and social media. It is anticipated that more excellent companies will emerge in related industries.