UBS's Lian Peikun Says China's AI Supply Chain Is Hard to Ignore in Global Tech Investing

According to Jin10, UBS Group Global Research Asia-Pacific head Lian Peikun said at the 23rd UBS Securities China A-Share Symposium that the latest A-share correction mainly reflected risk release after earlier gains rather than a fundamental reversal in the medium-term trend. He said the decline in margin financing balances has brought the deleveraging process close to an end, while positive factors supporting the stable operation of the capital market are accumulating faster and the market recovery base is continuing to strengthen, which should help extend the rally in the second half of the year. Lian said the structural growth logic of artificial intelligence, the localization process of China's technology supply chain, and the development direction of domestic AI infrastructure have not changed. He added that as the global AI industry narrative improves, enterprise adoption accelerates, and China's technology ecosystem continues to improve, the medium- and long-term investment value of China's AI industry chain remains worth watching. He also said many overseas investors have recognized that China's AI supply chain is becoming an indispensable part of global technology investment portfolios, and some foreign capital is increasing its exposure with real money.