Just announced: Abu Dhabi has bought a leading copper mining company for $3 billion; these six stocks are heavily held by Goldman Sachs, Morgan Stanley, and UBS.

Currently, the gold sector is performing strongly and trending upward, while the copper market has also quietly entered an uptrend. Not long ago, Abu Dhabi made a large-scale purchase of copper-mining stocks on China’s A-share market, deploying substantial capital to establish heavy positions. Meanwhile, financial giants such as Goldman Sachs and Morgan Stanley have followed suit, also building significant positions in multiple copper-related stocks. The key reason behind this move lies in copper’s exceptionally solid upward price logic going forward. From the supply side, chronic underinvestment in the copper mining industry has severely constrained new capacity growth. On one hand, aging mines—after decades of extraction—have seen declining ore grades and steadily falling output. On the other hand, bringing new mines from exploration and development to full production typically takes a very long time, making it impossible to ramp up effective capacity in the short term. In addition, smelters, facing persistently low processing fees, have seen their profit margins severely squeezed, forcing many to cut production. Collectively, these factors have tightened copper supply significantly. On the demand side, the booming new-energy sector—driving massive construction of wind and solar power projects and continuously rising new-energy vehicle production and sales—is generating explosive copper demand. Moreover, the wave of AI infrastructure development is also creating substantial, non-negligible copper demand—further propelling overall copper demand upward. The following seven companies are A-share copper-mining stocks heavily held by foreign institutional investors. First: Baose Co., Ltd. Recently, UBS purchased 580,000 shares of Baose Co., Ltd., catapulting itself into the company’s top-ten shareholders. As a subsidiary of Shaanxi Nonferrous Metals Group, Baose specializes in custom-engineered, non-standard pressure vessels made from specialty materials. Its business covers R&D, design, manufacturing, and installation of non-standard pressure vessels using titanium, nickel, zirconium, tantalum, copper, and their alloys, as well as high-grade stainless steels and metal-clad composites. Its products serve industries—including chemicals, metallurgy, power generation, and new energy—that require equipment resistant to corrosion, high pressure, and high temperatures. In copper-related specialty-material, non-standard equipment manufacturing, Baose demonstrates strong capabilities. It has accumulated vast experience and mastered critical manufacturing technologies for large- and heavy-duty advanced equipment, enabling precise control over product safety, reliability, and cost. As a national “Little Giant” enterprise specializing in niche, sophisticated, and innovative fields, several of its products have been designated provincial high-tech products or municipal brand-name products, and its “BAOSE” brand is a China Famous Trademark. Second: Hebei Iron and Steel Co., Ltd. (HBIS) In last year’s third quarter, UBS significantly adjusted its position in HBIS—increasing its holdings by as much as 4 million shares, bringing its total stake to 9.3 million shares. This aggressive增持 clearly reflects UBS’s high confidence in HBIS’s future growth potential. Simultaneously, China’s National Social Security Fund Portfolio 116 also recognized HBIS’s value and decisively purchased 5.07 million shares—further underscoring HBIS’s appeal among institutional investors. Although HBIS is best known for its steel business, it wields significant influence in the copper industry through its affiliated company, Hebei Iron and Steel Resources Group Co., Ltd. (Hebei Resources). Hebei Resources holds full ownership of Palabora Mining Company (PC) in South Africa via its wholly owned subsidiary. PC dominates South Africa’s copper industry and is indisputably the country’s largest copper producer—leading locally in production scale, technological capability, and market share.

Can you make money investing in stocks in China?

Let’s state the conclusion upfront: Yes, you can make money investing in Chinese stocks. Why do we say that? Under current conditions, the market has entered a ‘slow bull’ phase. Valuation recovery and policy support are creating opportunities, and long-term capital—including insurance funds and foreign investment—is flowing in steadily. Specific sectors—such as high-dividend central SOEs, innovative pharmaceuticals, rate-cut beneficiaries, and technology themes—have repeatedly demonstrated strong profit-making potential. Generally speaking, a market capable of attracting foreign capital must possess tangible growth potential and offer attractive returns; otherwise, foreign investors wouldn’t allocate capital there. After all, profit generation remains the immutable core objective of investment. This year, a particularly notable trend has emerged across global investment circles: an increasing number of foreign financial giants are turning their attention toward Chinese assets—and this shift is backed by concrete data across multiple markets. Looking at recent foreign-institution activity, numerous internationally renowned top-tier institutions are aggressively increasing their holdings of Chinese assets. In the new-energy and lithium-battery sectors, JPMorgan increased its stake in CATL’s H-shares to 6.06% on August 26; Morgan Stanley simultaneously raised its stake in Ganfeng Lithium’s H-shares to 6.06%. In the technology and telecom sector, Citigroup boosted its holding in ZTE’s H-shares to 7.17% on August 25; UBS concurrently increased its ZTE H-share position to 6.64%. In the innovative-pharma and healthcare sector, JPMorgan and Citigroup raised their stakes in WuXi AppTec’s H-shares to 6.01% and 5.12%, respectively—driven by favorable adjustments to the national medical insurance drug list, which propelled WuXi AppTec’s A- and H-shares to single-day gains exceeding 6%. Sovereign wealth funds and hedge funds are equally active. Norway’s Government Pension Fund Global increased its stake in ZhongAn Online to 5.07%; BlackRock added positions in Meituan, Bilibili, and other names. According to Goldman Sachs, hedge funds are net-buying Chinese equities at their fastest pace in seven weeks, with August’s net-buy volume hitting a six-month high—and 90% of hedge funds currently hold long positions in Chinese stocks. Foreign investors’ vigorous accumulation of Chinese assets stems from several key drivers. First is valuation advantage and policy tailwinds: Currently, the MSCI China Index’s forward P/E ratio sits notably lower than those of both the U.S. and Indian markets—placing it in a global valuation ‘sweet spot.’ At the same time, domestic ‘anti-overcompetition’ policies are improving industry profitability; Goldman Sachs forecasts a substantial rise in sector earnings by 2027. Coupled with financial opening measures—such as relaxed foreign investment quotas—these factors continue drawing foreign capital inward. Technological breakthroughs and industrial upgrading constitute another major catalyst. In AI, Chinese firms’ commercialization speed has already surpassed that of Europe and the U.S., establishing end-to-end industrial chain advantages. Breakthroughs in solid-state batteries and innovative pharmaceuticals have also prompted foreign investors to reassess the strength of China’s industrial ecosystem. Global capital reallocation is yet another factor impossible to ignore. Emerging-market funds have sharply reduced weightings in Indian equities and redirected allocations toward mainland China and Hong Kong markets.

UBS Group AG Raises Holdings in Minerals Technologies Inc.

May 28, 2026

UBS Group AG increased its stake in Minerals Technologies Inc. by 49.5% following strong quarterly results with EPS of $1.38 and 11.2% revenue growth. The firm declared a quarterly dividend of $0.12 per share despite a consensus Hold rating from analysts.

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