Investors Play Both Sides of US-China AI Divide as Trump and Xi Meet

โดย Reuters·

Summary · why it matters

Investors are playing both sides of the US-China AI divide, with Wall Street banks underwriting Chinese tech listings while Chinese money flows into US tech, according to Reuters. Wall Street banks acted as bookrunners on 19 Chinese high-tech equity capital market deals worth $17.2 billion so far this year, nearly 30% of the sector's total issuance, LSEG data shows. US equities held by Hong Kong residents and mainland Chinese have jumped 23% in the past year to top $750 billion, and US stocks account for nearly half of the 1 trillion yuan, or $150 billion, managed by China's outbound mutual funds. The total value of US AI funding rounds involving investors based in China or Hong Kong climbed from about $436 million in 2023 to roughly $8.9 billion through mid-September, according to S&P Global Market Intelligence. AI is likely to be in focus when leaders Donald Trump and Xi Jinping meet this week in Washington, after US Treasury Secretary Scott Bessent said he and Chinese Vice Premier He Lifeng discussed setting up a US-China AI dialogue.