汇丰银行：中国股票策略-审视 “美国优先投资政策”

26 February 2025 Equity Research Report China Equity Strategy Equity Strategy Sizing up the 'America First Investment Policy' On 21 February 2025, the US administration released an 'America First Investment Policy' memorandum that included restricting US investments (mainly via pension funds and university endowments) in China's strategic areas, including chips and AI. In this note, we try to quantify what the possible impact on China equities could be. We acknowledge the environment is evolving fast and im ...