Overweight! Top-tier global investment banks—Goldman Sachs, Morgan Stanley, and JPMorgan—revealed their top holdings for Q3.

Recently, international investment banks—including Goldman Sachs, Morgan Stanley, JPMorgan Chase, UBS, and Barclays—have all upgraded their ratings on A-shares. Wang Zonghao, Head of China Equity Strategy Research at UBS, stated that UBS has raised its target price for the MSCI China Index and tactically shifted its allocation preference from H-shares to A-shares. Goldman Sachs has gone further—overweighting A-shares and raising its target prices for both the MSCI China Index and the CSI 300 Index. Morgan Stanley noted that the current rally has pushed the forward P/E ratio of the MSCI China Index to 11.3x; under policy support, it expects this valuation multiple to expand to 12x. BlackRock—the world’s largest asset management firm—also announced it would “moderately increase” its exposure to Chinese equities, citing signs of imminent major fiscal stimulus measures in China. Below, we share the top holdings of these international investment banks—offering potential reference points for investors. Data shows that among the international banks’ top holdings, one company—a specialty fine chemical enterprise—has drawn collective attention from Morgan Stanley, Goldman Sachs, and UBS.

Based on current market hotspots and capital flows—and integrating high-tech sectors such as semiconductor chips, solid-state batteries, innovative pharmaceuticals, AI computing power, autonomous driving, and robotics—we have screened over a dozen low-priced stocks trading below RMB 8 per share that have recently attracted institutional attention.

Current share price: Below RMB 8 (not explicitly stated but consistent with context) Core themes: Chips (navigation & positioning), e-cigarette packaging The company’s core business is cigarette packaging printing, and it has strategically expanded into e-cigarette products and new packaging materials. In the chip sector, it holds a stake in Huada BeiDou—a company specializing in the independent design, R&D, and sales of navigation and positioning chips, algorithms, and related products. Noted individual investor Zhang Sufen newly entered the company’s top five circulating shareholders in Q2 2025, holding 4.9 million shares—drawing significant market attention. 🧊 3. Dawei Technology (600589) Current share price: RMB 8.08 Core themes: Data centers (“East Data, West Computing”), AI computing power The company operates and is constructing data centers across the Beijing-Hebei region—located at a critical node of China’s national “East Data, West Computing” strategic initiative—giving it a distinct geographical advantage. In Q2 2025, Goldman Sachs newly acquired 7.38 million shares, ranking eighth among circulating shareholders; Barclays newly acquired 5.56 million shares, ranking ninth. The simultaneous entry of two top-tier international investment banks signals strong recognition of the company’s position in the computing infrastructure sector. 🧊 4. Zhongdian Xinlong (002298) Current share price: RMB 9.82 (Note: Slightly above RMB 8, but included here for thematic relevance and capital flow considerations) Core themes: Data centers, artificial intelligence, cloud computing As a comprehensive smart-city solutions provider, the company has over two decades of experience in data center services, delivering key technologies and products—including AI, IoT, big data, cloud computing, and cloud storage—to industry clients. In Q2 2025, Barclays newly acquired 3.17 million shares, ranking sixth among circulating shareholders; Goldman Sachs newly acquired 1.49 million shares, ranking tenth. 🧊 5. Zhongchao Holding (002471) Current share price: RMB 4.71 Core themes: Power cables (used in computing-power data centers) The company is an integrated cable supplier whose wires and cables are already deployed in computing-power data centers. In Q2 2025, five foreign institutional investors appeared among its top ten circulating shareholders: Goldman Sachs newly acquired 5.53 million shares; Barclays newly acquired 4.31 million shares; UBS newly acquired 4.19 million shares; Morgan Stanley newly acquired 2.54 million shares; and J.P. Morgan newly acquired 2.08 million shares. Such concentrated heavy investment by multiple elite foreign institutions is exceptionally rare—and warrants close attention. 🧊 6. Jinji Shares (300798) Current share price: RMB 8.27 Core themes: AI computing platforms, computing-power services The company provides high-performance AI computing platform services, primarily applied to large-model training and inference. Its subsidiary Yingzhi Innovation achieved an operational AI computing capacity of 1,920 petaflops (1920P) in the first half of 2025. In Q2 2025, Morgan Stanley increased its stake by 2.04 million shares to a total of 3.85 million shares—ranking eighth among circulating shareholders; Goldman Sachs newly acquired 3.68 million shares; and Barclays newly acquired 2.76 million shares—ranking ninth and tenth respectively. 🧊 7. Xingmin Smart Communication (002355) Current share price: RMB 5.99 Core themes: Intelligent connected vehicles, intelligent computing The company’s subsidiary Jiǔwǔ Zhìjià (Jiǔwǔ Intelligent Driving) is an intelligent connected vehicle operations service provider, covering three core business segments: intelligent driving, intelligent computing, and intelligent aviation.

Solstice Advanced Materials Upgraded to 'Strong Buy' at Barclays

Oct 15, 2026

Barclays upgraded Solstice Advanced Materials to a "strong buy" rating following strong quarterly earnings that beat estimates with $0.88 EPS on $1.15 billion revenue.

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