{"id":682266,"date":"2026-07-09T12:27:40","date_gmt":"2026-07-09T12:27:40","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/682266\/"},"modified":"2026-07-09T12:27:40","modified_gmt":"2026-07-09T12:27:40","slug":"mainland-china-markets-follow-us-in-embracing-tech-stock-dominance","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/682266\/","title":{"rendered":"Mainland China markets follow US in embracing tech stock dominance"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Mainland China\u2019s stock markets are converging with those in the US when it comes to the concentration of technology companies, with the sector becoming the biggest constituent of key equity benchmarks.<\/p>\n<p>Technology stocks now represent 27 per cent of the weighting in the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3358503\/why-brokers-believe-chinas-ai-driven-stock-run-will-find-fresh-legs?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">CSI 300 Index<\/a> \u2013 which tracks the Shanghai and Shenzhen markets \u2013 twice as much as a year ago. That has put the tech sector on top of the benchmark\u2019s 10 industry groups, with financials and industrials ranked second and third respectively.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The pattern also extends to individual stocks.<\/p>\n<p><a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3356074\/ai-hyperscaler-effect-vaults-chinas-zhongji-innolight-top-csi-300-benchmark?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Zhongji Innolight<\/a> and Eoptolink Technology, which make the optical modules used in AI data centres, and lithium-battery manufacturer Contemporary Amperex Technology Ltd (CATL) carry the biggest weightings on the CSI 300, eclipsing liquor giant Kweichow Moutai, which had been its main bellwether for years.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The weightings of CSI 300 companies are based on the valuations of free-float stocks, rather than the total number of shares.<\/p>\n<p>In the United States, investor interest in artificial intelligence means the <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/comment\/opinion\/article\/3252787\/why-magnificent-seven-us-tech-stocks-are-bubble-wont-burst?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">\u201cMagnificent Seven\u201d technology stocks<\/a> \u2013 Nvidia, Alphabet, Apple, Microsoft, Amazon, Meta and Tesla \u2013 account for about 40 per cent of total market capitalisation.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">AI trades have dominated global equity markets over the past month after strong results from hyperscalers \u2013 massive cloud service providers \u2013 heightened expectations about data centre buildouts and the de-escalation of tensions in the Middle East boosted risk appetite.<\/p>\n","protected":false},"excerpt":{"rendered":"Mainland China\u2019s stock markets are converging with those in the US when it comes to the concentration of&hellip;\n","protected":false},"author":2,"featured_media":682267,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[554,4056,84,76588,891,68965,18347,71677,1294,227745,225960,632,227746,30608,5752,8711,12508,12393,5039,56,54,55],"class_list":["post-682266","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-bloomberg","tag-business","tag-catl","tag-china","tag-china-merchants-securities","tag-china-stocks","tag-csi-index","tag-economy","tag-eoptolink-technology","tag-kweichow-moutai","tag-middle-east","tag-nomura-holdings","tag-samsung-electronics","tag-shanghai","tag-shenzhen","tag-sk-hynix","tag-taiwan","tag-technology-stocks","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/682266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=682266"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/682266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/682267"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=682266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=682266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=682266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}