China Equity Strategy Ear to the ground – Global China Summit feedback supports thematic positioning in AI, robotics and Tier 1 CBD developers

研报英文原文证据摘录

China Equity Strategy Ear to the ground – Global China Summit feedback supports thematic positioning in AI, robotics and Tier 1 CBD developers

Global Markets Strategy

24 May 2026

China Equity Strategy

Ear to the ground – Global China Summit feedback

supports thematic positioning in AI, robotics and Tier 1

CBD developers

Client discussion and panel sessions at the JPM Global China Summit reinforce China & HK Equity strategy

our view of using broad consumption as funding for our key thematic positioning AC Erin Zhang, CFA

in AI and robotics. (1) Panel speakers and clients saw vast room for AI to develop

(86-21) 6106 6328

further. That said, global and regional investors we spoke with appeared to have erin.zhang@jpmorgan.com

AI exposure mostly via US, Korea, Taiwan and Japan names at the moment, while SAC Registration Number: S1730521090002

China LLM models growing their profitability down the road could act as a J.P. Morgan Securities (China) Company

driver of additional fund flows into China AI tech positions. (2) Second-order Limited

AI capex spillovers are broadening China’s industrial order tailwinds, supporting Tim Huang AC

our structural bullish stance on factory automation. (3) Offshore investors we (852) 2800-4323

spoke with were assessing whether the green shoots in China’s property market tim.huang@jpmorgan.com

will sustain amidst decelerating retail sales growth. We believe that more tangible J.P. Morgan Securities (Asia Pacific) Limited/

improvements in domestic consumption macro data and more EPS beats in the J.P. Morgan Broking (Hong Kong) Limited

consumer and internet space are pre-requisites to raise positions in these sectors, Rajiv Batra

and stay selective in high-end property developers focusing on Tier-1 CBD (65) 6882-8151

areas.