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Investors flock to Shenzhen for AI and robotics deal prospects
HSBC says its two-day Shenzhen China Conference drew more than 1,500 global investors and executives, with robotics and AI highlighted as new export trends.
Shenzhen, in southern China, has seen a surge of global investors and business leaders as international interest grows in Chinese artificial intelligence and robotics, according to SCMP Economy.
On Tuesday, investor conferences led by HSBC, UBS and Nomura put AI and robotics and other emerging technologies at the center of their agendas in the tech hub that is home to US-sanctioned telecoms giant Huawei Technologies and drone maker DJI.
HSBC said its 13th annual China Conference began Tuesday and attracted more than 1,500 global business leaders, executives and institutional and individual investors.
HSBC co-chief executive for Asia and the Middle East David Liao said robotics, AI and innovative medicines have emerged as new trends in China’s exports, and that China’s AI infrastructure supply chain is expected to create growth opportunities for global businesses and investors ahead of November’s Apec Economic Leaders’ Meeting.