🔴 LIVE NOW | ChinaAMC × Vanguard How are today’s biggest structural shifts changing the way investors think about the future? Tian Gan, CEO of ChinaAMC (HK), is joined by Joseph Davis, Global Chief Economist at Vanguard and author of Coming Into View, for a wide-ranging discussion on the economic and investment implications of AI and other powerful megatrends. From technological disruption and demographic change to mounting debt and shifts in globalisation, the conversation looks beyond near-term market moves to examine the forces that could define the investment landscape for years to come. Key topics include: → How AI could reshape productivity, employment and inflation → The changing global macro and policy environment → Implications for currencies and portfolio allocation → How investors can navigate a world of accelerating structural change 🔴 Tune in live! #Megatrends# #AI# #Investing# #AssetAllocation# #LongTermInvesting# #ChinaAMC# #Vanguard# Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Global capital markets are experiencing a divergence unlike anything we’ve seen debt, demographics and de-globalisation are rewriting the rules. How should long-term investors respond? Join @ChinaAMC_HK CEO Tian Gan and @Vanguard_Group Global Chief Economist Joseph Davis (author of “Coming Into View”) for an in-depth conversation on the forces shaping tomorrow’s markets. They’ll cover: → AI’s impact on jobs & inflation → Global macro trends & asset allocation → Currency markets & U.S. policy direction → What long-term investors should actually do about it 📅 Monday, 17 August 2026 | 7:30 AM EDT | 4:30 AM PDT #Megatrends# #AI# #Investing# #AssetAllocation# #LongTermInvesting# #ChinaAMC# #Vanguard# Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

"𝑰𝒏 𝒂 𝒎𝒂𝒓𝒌𝒆𝒕 𝒇𝒖𝒍𝒍 𝒐𝒇 𝒓𝒂𝒏𝒅𝒐𝒎𝒏𝒆𝒔𝒔, 𝒚𝒐𝒖 𝒄𝒂𝒏𝒏𝒐𝒕 𝒄𝒐𝒏𝒕𝒓𝒐𝒍 𝒕𝒉𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆; 𝒕𝒉𝒆 𝒐𝒏𝒍𝒚 𝒕𝒉𝒊𝒏𝒈 𝒚𝒐𝒖 𝒄𝒂𝒏 𝒄𝒐𝒏𝒕𝒓𝒐𝒍 𝒊𝒔 𝒚𝒐𝒖𝒓 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒑𝒓𝒐𝒄𝒆𝒔𝒔." ——This famous insight from Investment Strategist & Author Michael J. Mauboussin rang true in recent markets, especially as the once runaway global AI trade stumbled. This is precisely why ChinaAMC launched its NextGen Active Investment framework—highlighting a global, platform-, and ecosystem-oriented approach—to better navigate turmoil of the global markets. In the upcoming episodes, we will explain why these three pillars matter. Stay tuned! #ActiveInvesting# #GlobalInvesting# #ChinaAMC# 𝐼𝑛𝑣𝑒𝑠𝑡𝑚𝑒𝑛𝑡 𝑖𝑛𝑣𝑜𝑙𝑣𝑒𝑠 𝑟𝑖𝑠𝑘, 𝑖𝑛𝑐𝑙𝑢𝑑𝑖𝑛𝑔 𝑝𝑜𝑠𝑠𝑖𝑏𝑙𝑒 𝑙𝑜𝑠𝑠 𝑜𝑓 𝑝𝑟𝑖𝑛𝑐𝑖𝑝𝑎𝑙. 𝐴𝑛𝑦 𝑓𝑜𝑟𝑒𝑐𝑎𝑠𝑡𝑠, 𝑝𝑟𝑜𝑗𝑒𝑐𝑡𝑖𝑜𝑛𝑠, 𝑜𝑟 𝑜𝑝𝑖𝑛𝑖𝑜𝑛𝑠 𝑐𝑜𝑛𝑡𝑎𝑖𝑛𝑒𝑑 ℎ𝑒𝑟𝑒𝑖𝑛 𝑎𝑟𝑒 𝑓𝑜𝑟 𝑟𝑒𝑓𝑒𝑟𝑒𝑛𝑐𝑒 𝑜𝑛𝑙𝑦 𝑎𝑛𝑑 𝑎𝑟𝑒 𝑛𝑜𝑡 𝑔𝑢𝑎𝑟𝑎𝑛𝑡𝑒𝑒𝑑 𝑡𝑜 𝑜𝑐𝑐𝑢𝑟. 𝑇ℎ𝑒 𝑖𝑛𝑓𝑜𝑟𝑚𝑎𝑡𝑖𝑜𝑛 𝑖𝑛 𝑡ℎ𝑖𝑠 𝑚𝑎𝑡𝑒𝑟𝑖𝑎𝑙 𝑟𝑒𝑓𝑙𝑒𝑐𝑡𝑠 𝑝𝑟𝑒𝑣𝑎𝑖𝑙𝑖𝑛𝑔 𝑚𝑎𝑟𝑘𝑒𝑡 𝑐𝑜𝑛𝑑𝑖𝑡𝑖𝑜𝑛𝑠 𝑎𝑛𝑑 𝑜𝑢𝑟 𝑗𝑢𝑑𝑔𝑚𝑒𝑛𝑡 𝑎𝑠 𝑜𝑓 𝑡ℎ𝑒 𝑟𝑒𝑙𝑒𝑎𝑠𝑒 𝑑𝑎𝑡𝑒, 𝑤ℎ𝑖𝑐ℎ 𝑎𝑟𝑒 𝑠𝑢𝑏𝑗𝑒𝑐𝑡 𝑡𝑜 𝑐ℎ𝑎𝑛𝑔𝑒 𝑤𝑖𝑡ℎ𝑜𝑢𝑡 𝑓𝑢𝑟𝑡ℎ𝑒𝑟 𝑛𝑜𝑡𝑖𝑐𝑒.

In 2026H1, China's economy was moving in two directions-- some sectors were booming, and some not so much. Find out more about China's K-shaped economy ⬇️ #ChinaAMC# #investing# #emergingmarkets# #macroeconomics# #personalfinance#

AI is transforming productivity—but productivity is only part of the equation. Speaking at AI4 2026, @drfeifei highlighted a critical distinction: while AI tools can make people and businesses more productive, those gains do not automatically translate into shared prosperity. As AI continues to reshape jobs—creating new opportunities while changing or disrupting others—she argued that the conversation needs to go beyond how much more we can produce. It also needs to consider how the economic benefits of AI can be shared more broadly. Productivity ≠ Shared Prosperity. #ChinaAMC# #CNQQ# #AI4# #AI# #ArtificialIntelligence# #FeiFeiLi# #FutureOfAI# #FutureOfWork# #AIProductivity# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

“Bring science, not science fiction, back to the AI debate.” At AI4 2026, @drfeifei pushed back against increasingly extreme narratives around artificial intelligence. As AI evolves rapidly, she argued that fear-mongering and unscientific rhetoric can make it harder for policymakers and the public to understand what the technology actually means. Instead, the AI conversation should be grounded in science, education, and healthy communication. For students, teachers, nurses, parents, and workers thinking about how AI could affect their jobs and their children's futures, understanding the technology matters. Her message is simple: AI is a rapidly evolving tool—and society needs a more rational conversation about how to use it. #ChinaAMC# #CNQQ# #AI4# #AI# #ArtificialIntelligence# #FeiFeiLi# #FutureOfAI# #AIInnovation# #AITools# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

AI is powerful—but access to AI alone won't eliminate the skills gap. At AI4 2026, @AndrewYNg Ng argued that even as AI capabilities advance, there will continue to be meaningful differences between people who know how to use these tools effectively and those who don't. Rather than framing AI primarily as a threat, he offered a more optimistic message—especially for young people: learn the tools, build the skills, and use AI to expand what you can accomplish. The opportunity isn't simply AI replacing human capability. It's what people can achieve when they learn to work with AI. AI Won't Eliminate the Skills Gap. #ChinaAMC# #CNQQ# #AI4# #AI# #ArtificialIntelligence# #AndrewNg# #AISkills# #FutureOfWork# #FutureOfAI# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Final day at @Ai4Conferences with @teslaownersSV : from @Waymo’s journey in autonomous driving, safety and world models to enterprise AI, agent connectivity and ROI, the focus was clear—turning AI innovation into real-world impact. #ChinaAMC# #CNQQ# #AI4# #PhysicalAI# #AgenticAI# #EnterpriseAI# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Day 2 at @Ai4Conferences with @teslaownersSV explored how AI is moving from pilots to real-world value—from agentic commerce and trusted transactions to real-time data and enterprise adoption, with insights from @PayPal and @SAP. #ChinaAMC# #CNQQ# #AI4# #AgenticAI# #EnterpriseAI# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Day 1 at @Ai4Conferences showed that bigger models are only part of the AI story. From chips and compute to enterprise agents, governance, security and ROI, we heard from @googlecloud, @dataiku and @okta on what it takes to move AI into the real world froom @teslaownersSV #ChinaAMC# #CNQQ# #AI4# #AI# #ArtificialIntelligence# #AgenticAI# #EnterpriseAI# #FutureOfAI# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

“BD Expansion Brings a ‘DeepSeek Moment’ for Innovative Drugs” Technological advancements are accelerating transformation and innovation across the pharmaceutical industry. Our Portfolio Manager Zeshi points out that over the past decade, the pharmaceutical sector has experienced shifts in its key investment themes every few years, and innovative drugs have become the most significant industry trend today. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“AI-Powered Manufacturing Is Entering a New Supercycle” AI technologies are becoming increasingly embedded across industries, with deeper integration into the real-world manufacturing economy.Our Portfolio Manager Jiawei believes that the current AI manufacturing cycle is evolving into a new supercycle, distinct from traditional historical cycles. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“True Long-Term Winners Are Driven Not by Price Hikes, but by Innovation” The rapid growth of the AI industry relies on underlying hardware infrastructure, with semiconductors serving as a fundamental cornerstone.Our Portfolio Manager Xiang believes that China’s semiconductor industry is gradually developing its own technological path and is entering a new stage of growth. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

“The AI Supercycle Is Far From Over, with a Focus on the Hardware Layer” The AI wave is reshaping global industry value chains and creating abundant investment opportunities.Our Portfolio Manager Xiangjie points out that the current wave of large-scale capital expenditure is not driven by blind expansion, but is supported by genuine underlying industry demand. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

World's Largest Supernode: China-Made "Ascend 950" Interconnect Debuts at WAIC Computing power remains a major highlight at WAIC this year. Huawei’s Atlas 950 supernode hardware made its first public debut, drawing massive attention. As the world’s largest commercial supernode, it’s built specifically for trillion-parameter LLM training and inference. Its real significance goes beyond single-node performance—it marks a shift in domestic computing power from competing on individual GPUs to system-level mastery of supernodes and 10,000-card clusters. Data Source: The industry’s largest Ascend 950 supernode hardware debuts publicly for the first time, as of 2026.07.17 #WAIC2026# #Huawei# #Ascend950# #Supernode# #ComputingPower# #AIInfrastructure# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Robots Are Now Building Robots! Manufacturing is the primary battlefield for embodied AI, but also the hardest nut to crack. While AI adoption among Chinese large-scale industrial enterprises has surpassed 30%, most applications remain isolated pilots. Turning those tiny experiments into full-factory rollouts is a whole different story. Data Source:Securities Times Online, The penetration rate of artificial intelligence applications among industrial enterprises above designated size in China has exceeded 30%, as of 2026.07.07 #AI# #IndustrialAI# #SmartManufacturing# #Robotics# #TechTrends# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

“The Market May Reach a Turning Point in the Second Half of the Year” In the first half of the year, technological innovation emerged as the dominant theme in the capital markets. Our Portfolio Manager Jingsong believes that the second half will be a process of “identifying new turning points,” with investors paying attention to four key signals. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

Marking a major upgrade to our investment platform, we officially unveiled Active Research 5.0 at our Mid-Year Investment Strategy Conference in Beijing on July 16. This isn't just an upgrade—it’s a complete paradigm shift： • Moving from star-manager reliance to platform-driven scale • Expanding from local markets to global sector coverage • Pivoting from product pushing to client-led solutions A defining milestone as we set a new benchmark for globalized investment as Chinese asset management enters its next era. Source: China Asset Management Co., Ltd. Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice. #ChinaAMC# #AssetManagement# #GlobalInvesting# #ActiveResearch# #Finance#

Robots Can Now Do Chores! A key takeaway from this year’s WAIC: Embodied AI is moving beyond just "looking human." The real competition has shifted to "can they actually do the work?" Everyone’s trying out different real-world uses, and it's much more practical this time around. #WAIC2026# #EmbodiedAI# #Robotics# #FutureTech# #AIInRealLife# Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.

Humanoid Robots Debut at WAIC—The Resemblance Is Uncanny! WAIC 2026 wrapped up in Shanghai, with robots once again stealing the spotlight. Nothing gets the crowd going quite like a robot dancing or shaking hands. Over 200 companies gathered this year, showcasing the latest breakthroughs in humanoid robotics and embodied AIr, and honestly, it’s pretty wild to see in person. #WAIC2026# #Robotics# #HumanoidRobot# #EmbodiedAI# #Shanghai# #TechInsight# Data Source:Jiemian News, Robots: The No.1 Hard Worker at WAIC 2026, as of 2026.07.19 Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.