Shanghai Exchange official: long-term funds accelerating into China’s hard tech

The statement signals a structural shift in how foreign capital is positioning within China's equity markets, pivoting from broad exposure to targeted bets on industrial upgrading. The mention of humanoid robots, computing power, and semiconductor equipment underscores that policy and market momentum are aligning behind hard-tech supply chains, not just consumer or financial names. This matters for global allocators tracking where long-term liquidity is concentrating, as it reflects confidence in China's manufacturing trajectory over short-term cyclical plays. The open question is whether this inflow pace sustains if tech valuations face global risk-off pressure, or if the 'must-option' framing becomes a self-fulfilling narrative.