00:00You just came back from the U.S.
00:01I'm just wondering, the long only, the hedge funds,
00:02are they willing to chase this rally now?
00:06Interestingly, I think Asia investors are more bullish on the Asia market,
00:11and China is one of the favorite markets within this region.
00:15I think the focus is very much Korea is the topic within the region,
00:20followed by Japan and China.
00:22This is actually the feedback from our CIO conference.
00:25Yesterday, Bank of America just held our CIO conference,
00:28so we spoke to a lot of investors here in Hong Kong.
00:31But over in the U.S., where I've spent like 10 days
00:35for meeting investors in New York, Boston, Miami,
00:39I think the positioning on China over there is actually quite light.
00:44The hedge fund, the tourist monies are not focusing on China.
00:47There are easier places for them to deploy capital,
00:51whether it's Brazil, Lactam, or Korea Memory Cycle,
00:55or the domestic U.S. AI story.
00:57So I think the positioning in the U.S. is low,
01:01which fundamentally is actually good news
01:04that there's more upside for global capital
01:06to increase allocation in China.
Comments