Chinese hard tech giants see value surge in first half as global investors pour in capital

AI Summary

Chinese hard technology companies experienced a surge in market value in the first half of the year, fueled by unprecedented capital inflows from global investors. Mainland equity holdings reached a record 3.13 trillion yuan under the mainland-Hong Kong Stock Connect scheme by June.

Overseas capital has poured into China’s hard technology champions at an unprecedented pace, driving the market value of their mainland equity holdings to an all-time high by the end of this year’s second quarter. Global investors have increased their exposure to China’s advanced manufacturing and technology companies, helping push the northbound holdings under the mainland-Hong Kong Stock Connect scheme to a record high of 3.13 trillion yuan (US$461.65 billion) by the end of June, according to...