Chinese equities continue to attract more foreign investors due to rising technological advancements and the stocks' low valuations, the South China Morning Post reported Thursday, citing JPMorgan Chase.
A survey from the U.S.-based bank showed that the number of investors considering investing in China rose to 57% from 51% in the same period a year earlier, according to the media outlet.
Global investors are looking into stocks in the technology space, including artificial intelligence, electric vehicles, renewable energy, robotics and biotechnology, due to their robust research and development capabilities, as well as their production costs, the report said.
Kwang Kam Shing, JPMorgan's chairwoman for North Asia, said foreign investment in China and Hong Kong stayed at a historical low, but international investors are considering their valuation more attractive than their counterparts, according to the SCMP.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)