Despite global investors withdrawing billions, KKR & Co. and HSBC Asset Management maintain a positive outlook on China, observing signs of revived confidence in the world’s second-largest economy. At a Bloomberg event in Hong Kong, KKR executive Kate Richdale emphasised China’s investment potential, noting that KKR continues to invest across various sectors, including pharmacy chains and pet food. Similarly, HSBC’s Daisy Ho highlighted a shift in sentiment, with regional managers reducing their underweight positions in Hong Kong and mainland China. As global fund allocation to China is at a five-year low, HSBC anticipates minimal further sell-off, suggesting the market may be nearing its bottom. This resurgence in interest is partly due to growing investments in the tech sector and China’s new economy.