International Organizations Bullish on Chinese Tech Companies, China's IP Derivative Products Market to Experience Significant Growth

People’s Financial News, March 11 — This year’s Government Work Report proposes to continue deepening comprehensive reforms of the capital market’s investment and financing. The related news has attracted close attention from global investment institutions, including U.S.-based Golden Ray Fund, which focuses on Chinese ETF products. Its CEO, Jonathan Klein, was interviewed by a financial channel reporter during the two sessions. He stated that the open signals released by China’s two sessions will encourage investors to continue increasing their allocations to the Chinese market. Jonathan Klein said that currently, Chinese tech companies show strong value investment opportunities, and funds focused on Chinese tech innovation board companies are favored by global investors. This year’s Government Work Report explicitly states the need to prioritize domestic demand, coordinate efforts to promote consumption and expand investment, and explore new spaces for domestic demand growth. Hao Xiaoqing, President and Global Partner of McKinsey China, told reporters that they are optimistic about the future performance of China’s consumer market, especially the scale of the IP derivative market, which is expected to see significant growth. (CCTV Finance)