【Hunter Research】【China's AI Asset Revaluation: 32 Questions and Answers - Q1/32】


Q1: In one sentence, where is the biggest opportunity for Chinese assets now?
A: The biggest opportunity in Chinese assets currently is "a structural revaluation centered on AI hard tech," not a broad revaluation of the A-share market (valuations are already high with limited upside), nor a generic undervaluation recovery of tech stocks (needing catalyst resonance), but rather a cyclical investment opportunity where China's hard tech supply chain is first to realize order fulfillment and earnings delivery amid the global AI capital expenditure super-cycle.
These three are not parallel propositions but three layers of the same round of Chinese asset revaluation: A-share market-wide revaluation provides the "environment," undervaluation recovery of Chinese tech stocks provides "flexibility," and AI hard tech provides "the most immediately realizable source of returns." The macro underlying narrative is revaluation, the mid-level odds elasticity lies in Hong Kong-listed tech stocks, and the micro-level main rally vehicle is in AI hard tech.
The core data chain supporting this judgment is as follows:
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