By Scott Murdoch
SYDNEY (Reuters) – Global investors are increasingly re-rating mainland China’s stock markets after two years of sitting on the sidelines, which bankers said will help drive renewed activity in a market where equity issuance doubled in January-March versus a year earlier.
Easing government scrutiny of technology majors and the emergence of disruptive AI software developer DeepSeek are big enough draws even for overseas investors wary of the impact of Sino-U.S. tit-for-tat import tariffs, bankers and advisors said.
Total equity issuance from Chinese firms in the first quarter reached $16.8 billion, LSEG data showed, 119% more than a year earlier.
“The psychology of investors has changed. From many believing China was not investible, many now think this is a re-rating process,” said James Wang, head of Asia ex-Japan…
