Analyst: Global Investors Miss China's AI Boom

Analyst Billy Leung argued on July 3, 2026, that global investors are significantly underweighting China's artificial intelligence economy. He believes a wave of fundraising and upcoming Hong Kong listings will provide the necessary pricing benchmarks to address this gap. Leung highlighted that China possesses a "full stack" AI ecosystem, encompassing everything from foundational models and chips to application-layer companies.

This comprehensive Chinese AI sector, including language models and data-center infrastructure, has not attracted proportional global capital. Leung's analysis suggests that private companies and Hong Kong-listed platforms are currently trading at valuations disconnected from their U.S. counterparts. He pointed to Cling AI's recent $2 billion fundraising as a key catalyst.

Leung anticipates that this capital markets activity, particularly new listings in China and Hong Kong, will begin to reprice the market. This perspective aligns with broader positive outlooks on Chinese equities from firms like Goldman Sachs Asset Management and Morningstar, who see attractive valuations and room for potential investor inflows.