CINXE.COM
Invest in China | Allianz Global Investors
<!DOCTYPE html> <!--[if IE 9]><html lang="en" class="ie9 no-js"><![endif]--> <!--[if !IE]><!--> <html class="no-js" lang="en"> <!--<![endif]--> <head> <title>Invest in China | Allianz Global Investors</title> <!--Page Metadata--> <meta http-equiv="X-UA-Compatible" content="IE=edge,chrome=1" /> <meta charset="utf-8" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <meta name="msapplication-config" content="none" /> <meta http-equiv="content-language" content="en" /> <meta name="language" content="en" /> <meta name="title" content="Invest in China | Allianz Global Investors" /> <meta name="description" content="China is pursuing its own transformative path to growth. Participate in this unique investment story and get ahead of the opportunities as an investor. " /> <meta name="keywords" content="Invest in China is a new opportunity. Participate in this unique investment story and get ahead of the opportunities as an investor. " /> <meta name="robots" content="follow, index" /> <meta property="og:title" content="Invest in China | Allianz Global Investors" /> <meta property="og:description" content="China is pursuing its own transformative path to growth. Participate in this unique investment story and get ahead of the opportunities as an investor. " /> <meta property="og:image" itemprop="image" content="https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf&hash=A6CFFA7B1EFF342F7B12B75A50C5485B" /> <meta property="og:image:secure_url" itemprop="image" content="https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf&hash=A6CFFA7B1EFF342F7B12B75A50C5485B" /> <meta name="twitter:card" content="summary_large_image" /> <script type="application/ld+json"> {"@context":"https://schema.org","@type":"WebPage","name":"Invest in China | Allianz Global Investors","description":"China is pursuing its own transformative path to growth. Participate in this unique investment story and get ahead of the opportunities as an investor.\r\n","image":{"@type":"ImageObject","url":"https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf\u0026hash=A6CFFA7B1EFF342F7B12B75A50C5485B","inLanguage":"en","contentUrl":"https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf\u0026hash=A6CFFA7B1EFF342F7B12B75A50C5485B","height":980,"width":1920},"url":"https://www.allianzgi.com/en/investable-themes/china","inLanguage":"en","isPartOf":{"@type":"WebSite","name":"allianzgiglobal","url":"https://www.allianzgi.com","inLanguage":"en","publisher":{"@type":"Organization","name":"Allianz Global Investors","image":{"@type":"ImageObject","url":"https://www.allianzgi.com/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c\u0026sc_lang=en\u0026hash=72B9E3A9EAFC8380E49E8FDE04153446","inLanguage":"en","contentUrl":"https://www.allianzgi.com/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c\u0026sc_lang=en\u0026hash=72B9E3A9EAFC8380E49E8FDE04153446"},"url":"https://www.allianzgi.com","logo":{"@type":"ImageObject","url":"https://www.allianzgi.com/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c\u0026sc_lang=en\u0026hash=72B9E3A9EAFC8380E49E8FDE04153446","inLanguage":"en","contentUrl":"https://www.allianzgi.com/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c\u0026sc_lang=en\u0026hash=72B9E3A9EAFC8380E49E8FDE04153446"}}},"primaryImageOfPage":{"@type":"ImageObject","url":"https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf\u0026hash=A6CFFA7B1EFF342F7B12B75A50C5485B","inLanguage":"en","contentUrl":"https://www.allianzgi.com/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-active-1920x980.jpg?rev=bb06fc630c4e4159895cf081e5250ccf\u0026hash=A6CFFA7B1EFF342F7B12B75A50C5485B","height":980,"width":1920}} </script> <link rel="canonical" href="https://www.allianzgi.com/en/investable-themes/china" /> <!-- Start: OneTrust Cookies Consent Notice --> <script src="https://cdn.cookielaw.org/scripttemplates/otSDKStub.js" type="text/javascript" charset="UTF-8" data-domain-script="91cea7ab-2808-4983-a938-d316d604e794" data-document-language="true"></script> <!-- End: OneTrust Cookies Consent Notice --> <link rel="stylesheet" href="/assets/css/style.css?v=989f4436b807d3197576f2b115a09d28" /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-Light.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-LightItalic.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-Regular.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-Italic.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-SemiBold.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-SemiBoldItalic.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-Bold.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/allianz-neo/AllianzNeo-BoldItalic.woff2" as="font" type="font/woff2" crossorigin /> <link rel="preload" href="/assets/fonts/patternlab-icons/PatternLab-Iconv2.woff2" as="font" type="font/woff2" crossorigin /> <link rel="apple-touch-icon" href="/-/media/allianzgi/shared/mobile-site-icon-eng.png?rev=79ca0c377c52418198918e5f9694df97&sc_lang=en&hash=9A34B452D1818B7A5040D47602CBE14D" /> <link rel="apple-touch-icon" href="/-/media/allianzgi/shared/mobile-site-icon-eng.png?rev=79ca0c377c52418198918e5f9694df97&sc_lang=en&hash=9A34B452D1818B7A5040D47602CBE14D" sizes="152x152" /> <link rel="shortcut icon" href="/favicon.png" /> </head> <body class=" loading optanon-alert-box-opened" data-source="{0EF0AF7C-ACA6-43E9-829B-1FCD92C028A2}" data-sitecoretrackingcategory="2"> <input type="hidden" value="" id="autosearch-min-length" /> <!-- Added header placeholder --> <div class="c-header-spacer" data-component="Primary-Navigation"> <header id="agi-main-header" class="c-header agi-geotarget " data-setdisclaimer="False" data-disclaimervalidity="30" data-foldername="" data-navlockmsg="Please log in to use this functionality."> <div class="c-header-metabar"> <div class="c-header-metabar__content c-header__wrapper"> <div class="c-header-metabar__links"> <a class="c-link c-link--icon c-link--inline c-link--external c-header-metabar__external-link" href="https://careers.allianz.com/go/Allianz-Global-Investors/5123901/" target="_blank" title="Careers" data-track="topNavigation" aria-label="Careers"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--launch"></span> <span class="c-link__text">Careers</span> </a> <a class="c-link c-link--icon c-link--inline c-link--external c-header-metabar__external-link" href="/en/our-firm/our-offices" target="" title="Contact us" data-track="topNavigation" aria-label="Contact us"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--launch"></span> <span class="c-link__text">Contact us</span> </a> </div> <!--TopNavigation-desktop--> <!--countryselector-placeholder-desktop--> <div class="select-role-country" data-url="/api/sitecore/generalcontent/getcountryandroleselector" data-method="post" data-currentcountry="GLOBAL" data-currentrole="" data-selectyourroletext="Select your role"> <div class="c-header-dropdown c-header-dropdown--role-select c-navigation__accordion js-navigation-mobile" data-toggle-switcher="dropdown"> <button class="c-header-dropdown__toggle" aria-haspopup="true" aria-expanded="false" aria-describedby="headerRoleSelect" data-trigger-switcher="dropdown" aria-label="Header Country Selector"> Global <i class="c-icon c-icon--chevron-down c-header-dropdown__icon"></i> </button> <ul class="c-header-dropdown__menu c-accordion c-accordion--level-0" role="menu" aria-hidden="true" data-items-switcher="dropdown" id="headerRoleSelect"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <span class="c-accordion__button js-main-navigation-link-mobile"> <a id="nav1" class="c-accordion__title js-main-navigation-link-mobile"> Global </a> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </span> <div class="c-accordion__item c-accordion__item--level-1 c-accordion__item--box"> <div data-parent-id="nav1" class="accordion__content"> <div class="u-text-align-center"> <h3 class="c-heading c-role-select__headline" role="heading"> Select your location and role </h3> </div> <div class="c-select2 u-margin-bottom-s" id="headerCountrySelect" data-value="GLOBAL"> <div class="c-select2__selection" aria-controls="headerCountrySelectMenu" aria-expanded="false" aria-labelledby="headerCountrySelectLabel" role="combobox" tabindex="0" aria-haspopup="listbox" aria-activedescendant> <label id="headerCountrySelectLabel" class="c-select2__label">Select your location</label> <div class="c-select2__selection__rendered"></div> <span class="c-select2__chevron c-icon c-icon--chevron-down"></span> </div> <div id="headerCountrySelectMenu" class="c-select2__dropdown"> <div class="c-select2__dropdown__label">Select your location</div> <div class="c-select2-results"> <ul class="c-select2-results__options" id="select-country-dropdown" tabindex="-1" role="listbox" aria-labelledby="headerCountrySelectLabel"></ul> </div> </div> </div> <div class="u-text-align-center u-margin-top-3m"> <button class="c-button c-button--mobile-medium u-margin-bottom-none" data-track="roleCountrySelection" aria-label="OK"> OK </button> </div> </div> </div> </li> </ul> </div> </div> </div> </div> <div class="c-three-level-navigation js-three-level-nav"> <div class="c-navigation"> <div class="c-navigation--extended js-nav-extended search-wrapper"> <div class="c-navigation__bar c-header__wrapper js-header__wrapper"> <a href="https://www.allianzgi.com/en/" class="c-header__logo js-header__logo" > <img src="/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c&sc_lang=en&hash=72B9E3A9EAFC8380E49E8FDE04153446" alt="Allianz Global Investors Home Page"> </a> <nav class="c-main-navbar js-main-navbar" role="menubar"> <ul role="menu" class="c-main-navbar__list"> <li role="menuitem" tabindex="0" class="c-main-navbar__item"> <a id="nav1" aria-expanded="false" aria-haspopup="true" aria-label="Capabilities" class="c-main-navbar__link js-main-navigation-link " data-track="topNavigation" data-track-info='{"navigationElement":"Capabilities"}'> <span class="c-main-navbar__title"> Capabilities</span> </a> </li> <li role="menuitem" tabindex="0" class="c-main-navbar__item"> <a id="nav2" aria-expanded="false" aria-haspopup="true" aria-label="Insights" class="c-main-navbar__link js-main-navigation-link " data-track="topNavigation" data-track-info='{"navigationElement":"Insights"}'> <span class="c-main-navbar__title"> Insights</span> </a> </li> <li role="menuitem" tabindex="0" class="c-main-navbar__item"> <a id="nav3" aria-expanded="false" aria-haspopup="true" aria-label="Sustainability" class="c-main-navbar__link js-main-navigation-link " data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability"}'> <span class="c-main-navbar__title"> Sustainability</span> </a> </li> <li role="menuitem" tabindex="0" class="c-main-navbar__item"> <a id="nav4" aria-expanded="false" aria-haspopup="true" aria-label="About us" class="c-main-navbar__link js-main-navigation-link " data-track="topNavigation" data-track-info='{"navigationElement":"About us"}'> <span class="c-main-navbar__title"> About us</span> </a> </li> <li role="menuitem" tabindex="0" class="c-main-navbar__item"> <a id="nav5" aria-expanded="false" aria-haspopup="true" aria-label="Press centre" class="c-main-navbar__link js-main-navigation-link " data-track="topNavigation" data-track-info='{"navigationElement":"Press centre"}'> <span class="c-main-navbar__title"> Press centre</span> </a> </li> </ul> </nav> <div class="js-search c-js-search" data-method="get" data-initial="3" data-highlights="3" data-insights="2" data-products="2" data-name="globalSearchForm" data-url="/api/sitecore/SearchFeature/GetAGIAutosuggestions" data-action="/en/search-results" data-component="global-search-box"> <div class="c-navigation__search"> <div class="c-search t-bg-white"> <button class="c-link c-link--block c-searchbar__opener js-search-opener" href="#" aria-label="Search"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--search c-icon--functional c-searchbar__search-icon"></span> <span class="c-link__text">Search</span> </button> </div> </div> <div class="c-flyout c-flyout--search-bar js-flyout--search-bar"> <div class="c-searchbar js-searchbar c-searchbar--hidden"> <div class="c-searchbar__form" data-searchcategory="3"> <div class="c-searchbar__icon"> <i aria-hidden="true" class="c-icon c-icon--search c-searchbar__search-icon"></i> </div> <div class="c-searchbar__input-holder"> <input id="global-search-header" type="text" placeholder="Type your search here" class="c-searchbar__input js-searchbar__input" /> <label for="global-search-header" class="u-hidden">Type your search here</label> </div> <div class="c-searchbar__actions"> <button class="c-button c-button c-searchbar__button js-searchbar__search-button u-hidden-medium-down"> Search </button> <button class="c-button c-button c-button--secondary c-searchbar__button js-searchbar__cancel-button u-hidden-medium-down"> Cancel </button> </div> </div> </div> </div> </div> <!--Auto Suggestion Templates--> <script id="search-recent-result--template" type="text/x-handlebars-template"> <div class="c-search__suggestions-title">Previous Searches</div> <div class="c-search__suggestions-content"> <ul class="c-search__suggestions-list"> {{#each res}} <li class="c-search__suggestions-item"> <a href="#" class="c-search__suggestions-link">{{{this}}}</a> </li> {{/each}} </ul> </div> </script> <script id="search-result-suggested-template" type="text/x-handlebars-template"> {{#if Suggestions.length}} <div class="c-search__suggestions-title">Suggested</div> <div class="c-search__suggestions-content"> <ul class="c-search__suggestions-list"> {{#each Suggestions}} {{#each Title}} <li class="c-search__suggestions-item"> <a href="#" class="c-search__suggestions-link">{{{this}}}</a> </li> {{/each}} {{/each}} </ul> </div> {{/if}} </script> <script id="search-result-highlights-template" type="text/x-handlebars-template"> {{#if Highlights.length}} <div class="c-search__suggestions-title">Highlights</div> <div class="c-search__suggestions-content"> <ul class="c-search__suggestions-list"> {{#each Highlights}} {{#each Title}} <li class="c-search__suggestions-item"> <a href="#" class="c-search__suggestions-link">{{{this}}}</a> </li> {{/each}} {{/each}} </ul> </div> {{/if}} </script> <script id="search-result-tiles-template" type="text/x-handlebars-template"> {{#each RelatedInsights}} <div class="c-agi-tile c-agi-tile--compact t-bg-vibrant-steel-lightest {{#unless @last}}u-margin-bottom-2m{{/unless}}"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags">{{ResultCategory}}</p> {{#if TitleHighlight}} <h4 class="c-heading c-agi-tile__headline c-heading--link-black"> <a href="{{PageURL}}" class="c-heading__link"> {{{TitleHighlight}}} </a> </h4> {{else}} <h4 class="c-heading c-agi-tile__headline c-heading--link-black"> <a href="{{PageURL}}" class="c-heading__link"> {{{Title}}} </a> </h4> {{/if}} <a class="c-link c-link--block c-link--icon" href="{{PageURL}}" aria-label="Discover more"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Discover more</span> </a> </div> <div class="c-agi-tile__footer"> <div class="c-agi-tile__footer-content"></div> </div> </div> </div> {{/each}} </script> <script id="search-result-recent-search-template" type="text/x-handlebars-template"> <div class='previous-search'>{{this}}</div> </script> <!--Auto Suggestion Templates--> </div> <div class="c-flyout c-flyout--search-result"> <div class="c-search t-bg-white"> <div class="c-search__suggestions l-container js-search__suggestions c-search__suggestions--hidden"> <div class="l-grid l-grid-full-width"> <div class="l-grid__row"> <div class="l-grid__column-large-7 u-flex left-column"> <div class="suggested-container"> </div> <div class="highlights-container u-margin-top-2m"> </div> </div> <div class="l-grid__column-large-5"> <div class="c-search__suggestions-tiles tile-suggested-container"> </div> </div> </div> </div> </div> </div> </div> </div> <div class="c-navigation--compact c-js-search"> <!--MobileLogo--> <div class="c-mobilebar"> <a href="https://www.allianzgi.com/en/" class="c-mobilebar__logo" > <img src="/-/media/allianzgi/shared/logo/logo-allianz.svg?rev=397001da0f574dbdbf895f1116c12f9c&sc_lang=en&hash=72B9E3A9EAFC8380E49E8FDE04153446" alt="Allianz Global Investors Home Page"> </a> <!--MobileSearch--> <div class="c-mobilebar__action"> <div class="c-search t-bg-white" data-method="get" data-initial="0" data-highlights="0" data-insights="0" data-products="0" data-name="globalSearchForm" data-url="/api/sitecore/SearchFeature/GetAGIAutosuggestions" data-action="/en/search-results"> <button class="c-link c-link--block c-searchbar__opener js-search-opener" href="#" aria-label="Search"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--search c-icon--functional c-searchbar__search-icon"></span> <span class="c-link__text">Search</span> </button> </div> <div class="c-flyout c-flyout--search-result"> <div class="c-search t-bg-white"> <div class="c-search__suggestions l-container js-search__suggestions c-search__suggestions--hidden"> <div class="l-grid l-grid-full-width"> <div class="l-grid__row"> <div class="l-grid__column-large-7 u-flex left-column"> <div class="suggested-container"> </div> <div class="highlights-container u-margin-top-2m"> </div> </div> <div class="l-grid__column-large-5"> <div class="c-search__suggestions-tiles tile-suggested-container"> </div> </div> </div> </div> </div> </div> </div> </div> <!--MobileMenu--> <div class="c-mobilebar__action"> <a href="#" class="c-mobilebar__action c-mobilebar__open js-opener-link-mobile"> <i aria-hidden="true" class="c-icon c-icon--bars c-icon--functional"></i> <span class="u-hidden">Menu</span> </a> </div> </div> <!--MobileSearch--> <div class="c-flyout c-flyout--search-bar"> <div class="c-searchbar js-searchbar c-searchbar--hidden"> <div class="c-searchbar__form"> <div class="c-searchbar__icon"> <i aria-hidden="true" class="c-icon c-icon--search c-searchbar__search-icon"></i> </div> <div class="c-searchbar__input-holder"> <input type="text" id="global-search-header-mobile-2" placeholder="" class="c-searchbar__input js-searchbar__input"> <label for="global-search-header-mobile-2" class="u-hidden">Search</label> </div> <a class="c-link c-link--block c-searchbar__link--mobile js-searchbar__clear-button c-link--icon" href='#' aria-label="Clear All"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--close"></span> <span class="c-link__text"> </span> </a> <div class="c-searchbar__actions"> <button class="c-button c-button--small c-searchbar__button--mobile js-searchbar__search-button u-hidden-large-up"> Go </button> </div> </div> </div> </div> </div> <div class="c-flyout c-flyout--sub-navigation js-flyout--sub-navigation"> <div data-parent-id="nav1" class="c-navcontent js-sub-navigation u-hidden-medium-down" style="display: none;"> <div class="l-grid l-grid--max-width "> <div class="l-grid__row"> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing" target="" title="Capabilities" aria-expanded="false" aria-label="Capabilities" data-track="topNavigation" data-track-info='{"navigationElement":"Capabilities"}'> Capabilities </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Public markets">Public markets</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/equity" target="" title="Equities" aria-expanded="false" aria-label="Equities" data-track="topNavigation" data-track-info='{"navigationElement":"Equities"}'> Equities </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/china" target="" title="- China investing" aria-expanded="false" aria-label="- China investing" data-track="topNavigation" data-track-info='{"navigationElement":"- China investing"}'> - China investing </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/equity/systematic-equity" target="" title="- Systematic equity" aria-expanded="false" aria-label="- Systematic equity" data-track="topNavigation" data-track-info='{"navigationElement":"- Systematic equity"}'> - Systematic equity </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/fixed-income" target="" title="Fixed income" aria-expanded="false" aria-label="Fixed income" data-track="topNavigation" data-track-info='{"navigationElement":"Fixed income"}'> Fixed income </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/multi-asset" target="" title="Multi-asset" aria-expanded="false" aria-label="Multi-asset" data-track="topNavigation" data-track-info='{"navigationElement":"Multi-asset"}'> Multi-asset </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Private markets">Private markets</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/private-markets" target="" title="Overview" aria-expanded="false" aria-label="Overview" data-track="topNavigation" data-track-info='{"navigationElement":"Overview"}'> Overview </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/development-finance" target="" title="Development finance" aria-expanded="false" aria-label="Development finance" data-track="topNavigation" data-track-info='{"navigationElement":"Development finance"}'> Development finance </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Solutions">Solutions</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/risklab" target="" title="risklab" aria-expanded="false" aria-label="risklab" data-track="topNavigation" data-track-info='{"navigationElement":"risklab"}'> risklab </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/digital-investment-solutions" target="" title="Digital investment solutions" aria-expanded="false" aria-label="Digital investment solutions" data-track="topNavigation" data-track-info='{"navigationElement":"Digital investment solutions"}'> Digital investment solutions </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/research" target="" title="Research" aria-expanded="false" aria-label="Research" data-track="topNavigation" data-track-info='{"navigationElement":"Research"}'> Research </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/capability-landing" title="" class="c-link"> </a> </nav> </div> </div> </div> </div> <!-- Mobile --> <nav class="c-navigation__accordion js-navigation-mobile" style="display: none;" data-test="1"> <ul role="menu" class="c-accordion c-accordion--level-0"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <a id="nav1" href="#" target="" class="c-accordion__button js-main-navigation-link-mobile " data-track="topNavigation"> <span class="c-accordion__title"> Capabilities </span> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </a> <div class="c-accordion__item c-accordion__item--level-1"> <div data-parent-id="nav1" class="accordion__content t-bg-grey-tone-8 js-sub-navigation-mobile" style="display: none;"> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing" target="" title="Capabilities" aria-expanded="false" aria-label="Capabilities" data-track="topNavigation" data-track-info='{"navigationElement":"Capabilities"}'> Capabilities </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Public markets">Public markets</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/equity" target="" title="Equities" aria-expanded="false" aria-label="Equities" data-track="topNavigation" data-track-info='{"navigationElement":"Equities"}'> Equities </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/china" target="" title="- China investing" aria-expanded="false" aria-label="- China investing" data-track="topNavigation" data-track-info='{"navigationElement":"- China investing"}'> - China investing </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/equity/systematic-equity" target="" title="- Systematic equity" aria-expanded="false" aria-label="- Systematic equity" data-track="topNavigation" data-track-info='{"navigationElement":"- Systematic equity"}'> - Systematic equity </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/fixed-income" target="" title="Fixed income" aria-expanded="false" aria-label="Fixed income" data-track="topNavigation" data-track-info='{"navigationElement":"Fixed income"}'> Fixed income </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/multi-asset" target="" title="Multi-asset" aria-expanded="false" aria-label="Multi-asset" data-track="topNavigation" data-track-info='{"navigationElement":"Multi-asset"}'> Multi-asset </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Private markets">Private markets</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/private-markets" target="" title="Overview" aria-expanded="false" aria-label="Overview" data-track="topNavigation" data-track-info='{"navigationElement":"Overview"}'> Overview </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/development-finance" target="" title="Development finance" aria-expanded="false" aria-label="Development finance" data-track="topNavigation" data-track-info='{"navigationElement":"Development finance"}'> Development finance </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Solutions">Solutions</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/risklab" target="" title="risklab" aria-expanded="false" aria-label="risklab" data-track="topNavigation" data-track-info='{"navigationElement":"risklab"}'> risklab </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/digital-investment-solutions" target="" title="Digital investment solutions" aria-expanded="false" aria-label="Digital investment solutions" data-track="topNavigation" data-track-info='{"navigationElement":"Digital investment solutions"}'> Digital investment solutions </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/capability-landing/research" target="" title="Research" aria-expanded="false" aria-label="Research" data-track="topNavigation" data-track-info='{"navigationElement":"Research"}'> Research </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/capability-landing" title="" class="c-link"> </a> </nav> </div> </div> </div> </li> </ul> </nav> <div data-parent-id="nav2" class="c-navcontent js-sub-navigation u-hidden-medium-down" style="display: none;"> <div class="l-grid l-grid--max-width "> <div class="l-grid__row"> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/outlook-and-commentary" target="" title="Market Insights" aria-expanded="false" aria-label="Market Insights" data-track="topNavigation" data-track-info='{"navigationElement":"Market Insights"}'> Market Insights </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="https://www.allianzgi.com/en/insights/outlook-and-commentary?Topic=House%20View%20%26%20Outlooks" target="" title="House View & Outlooks" aria-expanded="false" aria-label="House View & Outlooks" data-track="topNavigation" data-track-info='{"navigationElement":"House View & Outlooks"}'> House View & Outlooks </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes" target="" title="Investable Themes" aria-expanded="false" aria-label="Investable Themes" data-track="topNavigation" data-track-info='{"navigationElement":"Investable Themes"}'> Investable Themes </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/rates" target="" title="Navigating Rates" aria-expanded="false" aria-label="Navigating Rates" data-track="topNavigation" data-track-info='{"navigationElement":"Navigating Rates"}'> Navigating Rates </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/disruption" target="" title="Embracing Disruption" aria-expanded="false" aria-label="Embracing Disruption" data-track="topNavigation" data-track-info='{"navigationElement":"Embracing Disruption"}'> Embracing Disruption </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/sustainability" target="" title="Achieving Sustainability" aria-expanded="false" aria-label="Achieving Sustainability" data-track="topNavigation" data-track-info='{"navigationElement":"Achieving Sustainability"}'> Achieving Sustainability </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Blogs">Blogs</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/sustainability-blog" target="" title="Sustainability Now" aria-expanded="false" aria-label="Sustainability Now" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability Now"}'> Sustainability Now </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/two-minute-tech" target="" title="Two-Minute Tech" aria-expanded="false" aria-label="Two-Minute Tech" data-track="topNavigation" data-track-info='{"navigationElement":"Two-Minute Tech"}'> Two-Minute Tech </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/the-china-briefing" target="" title="The China Briefing" aria-expanded="false" aria-label="The China Briefing" data-track="topNavigation" data-track-info='{"navigationElement":"The China Briefing"}'> The China Briefing </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Learning">Learning</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/allianz-global-investors-academy" target="" title="Allianz Global Investors Academy" aria-expanded="false" aria-label="Allianz Global Investors Academy" data-track="topNavigation" data-track-info='{"navigationElement":"Allianz Global Investors Academy"}'> Allianz Global Investors Academy </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/insights/outlook-and-commentary" title="" class="c-link"> </a> </nav> </div> </div> </div> </div> <!-- Mobile --> <nav class="c-navigation__accordion js-navigation-mobile" style="display: none;" data-test="1"> <ul role="menu" class="c-accordion c-accordion--level-0"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <a id="nav2" href="#" target="" class="c-accordion__button js-main-navigation-link-mobile " data-track="topNavigation"> <span class="c-accordion__title"> Insights </span> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </a> <div class="c-accordion__item c-accordion__item--level-1"> <div data-parent-id="nav2" class="accordion__content t-bg-grey-tone-8 js-sub-navigation-mobile" style="display: none;"> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/outlook-and-commentary" target="" title="Market Insights" aria-expanded="false" aria-label="Market Insights" data-track="topNavigation" data-track-info='{"navigationElement":"Market Insights"}'> Market Insights </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="https://www.allianzgi.com/en/insights/outlook-and-commentary?Topic=House%20View%20%26%20Outlooks" target="" title="House View & Outlooks" aria-expanded="false" aria-label="House View & Outlooks" data-track="topNavigation" data-track-info='{"navigationElement":"House View & Outlooks"}'> House View & Outlooks </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes" target="" title="Investable Themes" aria-expanded="false" aria-label="Investable Themes" data-track="topNavigation" data-track-info='{"navigationElement":"Investable Themes"}'> Investable Themes </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/rates" target="" title="Navigating Rates" aria-expanded="false" aria-label="Navigating Rates" data-track="topNavigation" data-track-info='{"navigationElement":"Navigating Rates"}'> Navigating Rates </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/disruption" target="" title="Embracing Disruption" aria-expanded="false" aria-label="Embracing Disruption" data-track="topNavigation" data-track-info='{"navigationElement":"Embracing Disruption"}'> Embracing Disruption </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/investable-themes/sustainability" target="" title="Achieving Sustainability" aria-expanded="false" aria-label="Achieving Sustainability" data-track="topNavigation" data-track-info='{"navigationElement":"Achieving Sustainability"}'> Achieving Sustainability </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Blogs">Blogs</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/sustainability-blog" target="" title="Sustainability Now" aria-expanded="false" aria-label="Sustainability Now" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability Now"}'> Sustainability Now </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/two-minute-tech" target="" title="Two-Minute Tech" aria-expanded="false" aria-label="Two-Minute Tech" data-track="topNavigation" data-track-info='{"navigationElement":"Two-Minute Tech"}'> Two-Minute Tech </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/the-china-briefing" target="" title="The China Briefing" aria-expanded="false" aria-label="The China Briefing" data-track="topNavigation" data-track-info='{"navigationElement":"The China Briefing"}'> The China Briefing </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Learning">Learning</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/insights/allianz-global-investors-academy" target="" title="Allianz Global Investors Academy" aria-expanded="false" aria-label="Allianz Global Investors Academy" data-track="topNavigation" data-track-info='{"navigationElement":"Allianz Global Investors Academy"}'> Allianz Global Investors Academy </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/insights/outlook-and-commentary" title="" class="c-link"> </a> </nav> </div> </div> </div> </li> </ul> </nav> <div data-parent-id="nav3" class="c-navcontent js-sub-navigation u-hidden-medium-down" style="display: none;"> <div class="l-grid l-grid--max-width "> <div class="l-grid__row"> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability" target="" title="Sustainability" aria-expanded="false" aria-label="Sustainability" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability"}'> Sustainability </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/sustainable-investing" target="" title="Sustainable investing" aria-expanded="false" aria-label="Sustainable investing" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainable investing"}'> Sustainable investing </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/insights-on-sustainable-investing" target="" title="Sustainability insights" aria-expanded="false" aria-label="Sustainability insights" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability insights"}'> Sustainability insights </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/policies-and-reporting" target="" title="Policies and reporting" aria-expanded="false" aria-label="Policies and reporting" data-track="topNavigation" data-track-info='{"navigationElement":"Policies and reporting"}'> Policies and reporting </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/sustainability-report-2023" target="" title="Sustainability and Stewardship Report 2023" aria-expanded="false" aria-label="Sustainability and Stewardship Report 2023" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability and Stewardship Report 2023"}'> Sustainability and Stewardship Report 2023 </a> </li> </ul> <a aria-expanded="false" aria-label="View All" href="/en/sustainability" title="View All" class="c-link"> View All </a> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> </ul> </nav> </div> <div class="l-grid__column-6"> <div class="l-grid__row"> <div class="nav-teaser-container l-grid__column-large-6 u-align-items-stretch"> <div class="c-agi-teaser u-margin-bottom-m" data-track-info='{"event":"promoSection","interaction":"impression","bannerName":"Sustainability and Stewardship Report","bannerPosition":"1"}'> <a href="/en/sustainability/sustainability-report-2023" title="" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Sustainability and Stewardship Report","bannerPosition":"1"}' target=""> <div class="c-agi-teaser__image"> <figure class="c-image u-hidden-medium-down c-image--1dot8by1"> <img class="c-image__img" src="/-/media/allianzgi/globalagi/sustainability/sustainability-report-2023/allianz-global-investors-sustainability-report-2023-564x317.jpg?w=564&rev=29700df201a443619c3faf120f668842&hash=1FE346B320DE3CFF6565F8661449FDB1" loading="lazy" alt="Allianz-Global-Investors-Sustainability-Report-2023"> </figure> </div> </a> <div class="c-agi-teaser__content"> <div class="c-agi-tile c-agi-tile--compact t-bg-vibrant-yellow-light"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <h6 class="c-heading c-agi-tile__headline c-heading--link-black"> <a href="/en/sustainability/sustainability-report-2023" title="Sustainability and Stewardship Report" target="" class="c-heading__link" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Sustainability and Stewardship Report","bannerPosition":"1"}'> Sustainability and Stewardship Report </a> </h6> <p class="c-copy c-agi-tile__text"> Our vision is to make sustainability tangible and target real-world solutions. Learn more in our Sustainability and Stewardship Report 2023. </p> <a class="c-link c-link--block c-link--icon" href="/en/sustainability/sustainability-report-2023" aria-label="Read more" target="" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Sustainability and Stewardship Report","bannerPosition":"1"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-agi-tile__footer"> </div> </div> </div> </div> </div> </div> <div class="nav-teaser-container l-grid__column-large-6 u-align-items-stretch"> <div class="c-agi-teaser u-margin-bottom-m" data-track-info='{"event":"promoSection","interaction":"impression","bannerName":"Our blog: Sustainability Now","bannerPosition":"2"}'> <a href="/en/insights/sustainability-blog" title="" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Our blog: Sustainability Now","bannerPosition":"2"}' target=""> <div class="c-agi-teaser__image"> <figure class="c-image u-hidden-medium-down c-image--1dot8by1"> <img class="c-image__img" src="/-/media/allianzgi/globalagi/hero/insights/sustainability-blog/1920x980-hero-sustainability-now.jpg?w=564&rev=6b32ec227cb344b19cf1880e0c610aae&hash=0A09AF54FA5FCEC67C24C6810256EC88" loading="lazy" alt="Stairs in front of a planted wall"> </figure> </div> </a> <div class="c-agi-teaser__content"> <div class="c-agi-tile c-agi-tile--compact t-bg-vibrant-yellow-light"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <h6 class="c-heading c-agi-tile__headline c-heading--link-black"> <a href="/en/insights/sustainability-blog" title="Our blog: Sustainability Now" target="" class="c-heading__link" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Our blog: Sustainability Now","bannerPosition":"2"}'> Our blog: Sustainability Now </a> </h6> <p class="c-copy c-agi-tile__text"> Read our blog for fresh takes on sustainable investing </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/sustainability-blog" aria-label="Read the latest post" target="" data-track="teaserClick" data-track-info='{"event":"promoSection","interaction":"click","bannerName":"Our blog: Sustainability Now","bannerPosition":"2"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read the latest post</span> </a> </div> <div class="c-agi-tile__footer"> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <!-- Mobile --> <nav class="c-navigation__accordion js-navigation-mobile" style="display: none;" data-test="1"> <ul role="menu" class="c-accordion c-accordion--level-0"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <a id="nav3" href="#" target="" class="c-accordion__button js-main-navigation-link-mobile " data-track="topNavigation"> <span class="c-accordion__title"> Sustainability </span> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </a> <div class="c-accordion__item c-accordion__item--level-1"> <div data-parent-id="nav3" class="accordion__content t-bg-grey-tone-8 js-sub-navigation-mobile" style="display: none;"> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability" target="" title="Sustainability" aria-expanded="false" aria-label="Sustainability" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability"}'> Sustainability </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/sustainable-investing" target="" title="Sustainable investing" aria-expanded="false" aria-label="Sustainable investing" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainable investing"}'> Sustainable investing </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/insights-on-sustainable-investing" target="" title="Sustainability insights" aria-expanded="false" aria-label="Sustainability insights" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability insights"}'> Sustainability insights </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/policies-and-reporting" target="" title="Policies and reporting" aria-expanded="false" aria-label="Policies and reporting" data-track="topNavigation" data-track-info='{"navigationElement":"Policies and reporting"}'> Policies and reporting </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/sustainability/sustainability-report-2023" target="" title="Sustainability and Stewardship Report 2023" aria-expanded="false" aria-label="Sustainability and Stewardship Report 2023" data-track="topNavigation" data-track-info='{"navigationElement":"Sustainability and Stewardship Report 2023"}'> Sustainability and Stewardship Report 2023 </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> </ul> <a aria-expanded="false" aria-label="View All" href="/en/sustainability" title="View All" class="c-link"> View All </a> </nav> </div> </div> </div> </li> </ul> </nav> <div data-parent-id="nav4" class="c-navcontent js-sub-navigation u-hidden-medium-down" style="display: none;"> <div class="l-grid l-grid--max-width "> <div class="l-grid__row"> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm" target="" title="Our firm" aria-expanded="false" aria-label="Our firm" data-track="topNavigation" data-track-info='{"navigationElement":"Our firm"}'> Our firm </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/what-we-do" target="" title="What we do" aria-expanded="false" aria-label="What we do" data-track="topNavigation" data-track-info='{"navigationElement":"What we do"}'> What we do </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-history" target="" title="Our history" aria-expanded="false" aria-label="Our history" data-track="topNavigation" data-track-info='{"navigationElement":"Our history"}'> Our history </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-culture" target="" title="Our culture" aria-expanded="false" aria-label="Our culture" data-track="topNavigation" data-track-info='{"navigationElement":"Our culture"}'> Our culture </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-offices" target="" title="Our offices" aria-expanded="false" aria-label="Our offices" data-track="topNavigation" data-track-info='{"navigationElement":"Our offices"}'> Our offices </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="People & culture">People & culture</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/leadership" target="" title="Leadership team" aria-expanded="false" aria-label="Leadership team" data-track="topNavigation" data-track-info='{"navigationElement":"Leadership team"}'> Leadership team </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/inclusion-diversity" target="" title="Diversity, equity & inclusion" aria-expanded="false" aria-label="Diversity, equity & inclusion" data-track="topNavigation" data-track-info='{"navigationElement":"Diversity, equity & inclusion"}'> Diversity, equity & inclusion </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/corporate-responsibility" target="" title="Corporate responsibility" aria-expanded="false" aria-label="Corporate responsibility" data-track="topNavigation" data-track-info='{"navigationElement":"Corporate responsibility"}'> Corporate responsibility </a> </li> </ul> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Brand">Brand</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/art-on-climate" target="" title="Art on climate" aria-expanded="false" aria-label="Art on climate" data-track="topNavigation" data-track-info='{"navigationElement":"Art on climate"}'> Art on climate </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/sponsorships-partnerships" target="" title="Sponsorships & partnerships" aria-expanded="false" aria-label="Sponsorships & partnerships" data-track="topNavigation" data-track-info='{"navigationElement":"Sponsorships & partnerships"}'> Sponsorships & partnerships </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/our-firm" title="" class="c-link"> </a> </nav> </div> </div> </div> </div> <!-- Mobile --> <nav class="c-navigation__accordion js-navigation-mobile" style="display: none;" data-test="1"> <ul role="menu" class="c-accordion c-accordion--level-0"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <a id="nav4" href="#" target="" class="c-accordion__button js-main-navigation-link-mobile " data-track="topNavigation"> <span class="c-accordion__title"> About us </span> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </a> <div class="c-accordion__item c-accordion__item--level-1"> <div data-parent-id="nav4" class="accordion__content t-bg-grey-tone-8 js-sub-navigation-mobile" style="display: none;"> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm" target="" title="Our firm" aria-expanded="false" aria-label="Our firm" data-track="topNavigation" data-track-info='{"navigationElement":"Our firm"}'> Our firm </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/what-we-do" target="" title="What we do" aria-expanded="false" aria-label="What we do" data-track="topNavigation" data-track-info='{"navigationElement":"What we do"}'> What we do </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-history" target="" title="Our history" aria-expanded="false" aria-label="Our history" data-track="topNavigation" data-track-info='{"navigationElement":"Our history"}'> Our history </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-culture" target="" title="Our culture" aria-expanded="false" aria-label="Our culture" data-track="topNavigation" data-track-info='{"navigationElement":"Our culture"}'> Our culture </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/our-offices" target="" title="Our offices" aria-expanded="false" aria-label="Our offices" data-track="topNavigation" data-track-info='{"navigationElement":"Our offices"}'> Our offices </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="People & culture">People & culture</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/leadership" target="" title="Leadership team" aria-expanded="false" aria-label="Leadership team" data-track="topNavigation" data-track-info='{"navigationElement":"Leadership team"}'> Leadership team </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/inclusion-diversity" target="" title="Diversity, equity & inclusion" aria-expanded="false" aria-label="Diversity, equity & inclusion" data-track="topNavigation" data-track-info='{"navigationElement":"Diversity, equity & inclusion"}'> Diversity, equity & inclusion </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/corporate-responsibility" target="" title="Corporate responsibility" aria-expanded="false" aria-label="Corporate responsibility" data-track="topNavigation" data-track-info='{"navigationElement":"Corporate responsibility"}'> Corporate responsibility </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"><h3 class="c-navcontent__headline" title="Brand">Brand</h3></li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/art-on-climate" target="" title="Art on climate" aria-expanded="false" aria-label="Art on climate" data-track="topNavigation" data-track-info='{"navigationElement":"Art on climate"}'> Art on climate </a> </li> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/our-firm/sponsorships-partnerships" target="" title="Sponsorships & partnerships" aria-expanded="false" aria-label="Sponsorships & partnerships" data-track="topNavigation" data-track-info='{"navigationElement":"Sponsorships & partnerships"}'> Sponsorships & partnerships </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/our-firm" title="" class="c-link"> </a> </nav> </div> </div> </div> </li> </ul> </nav> <div data-parent-id="nav5" class="c-navcontent js-sub-navigation u-hidden-medium-down" style="display: none;"> <div class="l-grid l-grid--max-width "> <div class="l-grid__row"> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/press-centre" target="" title="Press centre" aria-expanded="false" aria-label="Press centre" data-track="topNavigation" data-track-info='{"navigationElement":"Press centre"}'> Press centre </a> </li> </ul> <a aria-expanded="false" aria-label="" href="/en/press-centre" title="" class="c-link"> </a> </nav> </div> <div class="l-grid__column-3"> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> </ul> </nav> </div> <div class="l-grid__column-6"> <div class="l-grid__row"> </div> </div> </div> </div> </div> <!-- Mobile --> <nav class="c-navigation__accordion js-navigation-mobile" style="display: none;" data-test="1"> <ul role="menu" class="c-accordion c-accordion--level-0"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <a id="nav5" href="#" target="" class="c-accordion__button js-main-navigation-link-mobile " data-track="topNavigation"> <span class="c-accordion__title"> Press centre </span> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </a> <div class="c-accordion__item c-accordion__item--level-1"> <div data-parent-id="nav5" class="accordion__content t-bg-grey-tone-8 js-sub-navigation-mobile" style="display: none;"> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> <li role="menuitem" class="c-navcontent__list-item"> <a tabindex=0 href="/en/press-centre" target="" title="Press centre" aria-expanded="false" aria-label="Press centre" data-track="topNavigation" data-track-info='{"navigationElement":"Press centre"}'> Press centre </a> </li> </ul> </nav> </div> <div> <nav class="c-navcontent__links"> <ul role="menu" class="c-navcontent__list"> </ul> <a aria-expanded="false" aria-label="" href="/en/press-centre" title="" class="c-link"> </a> </nav> </div> </div> </div> </li> </ul> </nav> <div class="c-navigation__accordion js-navigation-mobile" style="display: none;"> <div class="c-accordion__button"> <a class="c-link c-link--icon c-link--inline c-link--external c-header-metabar__external-link" href="https://careers.allianz.com/go/Allianz-Global-Investors/5123901/" target="_blank" title="Careers" aria-label="Careers" data-track="topNavigation"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--launch"></span> <span class="c-link__text">Careers</span> </a> </div> </div> <div class="c-navigation__accordion js-navigation-mobile" style="display: none;"> <div class="c-accordion__button"> <a class="c-link c-link--icon c-link--inline c-link--external c-header-metabar__external-link" href="/en/our-firm/our-offices" target="" title="" aria-label="" data-track="topNavigation"> <span aria-hidden="true" class="c-link__icon c-icon c-icon--launch"></span> <span class="c-link__text">Contact us</span> </a> </div> </div> <!--PrimaryNavigation-mobile--> <div aria-hidden="true"> <!--countryselector-placeholder-desktop--> <div class="select-role-country" data-url="/api/sitecore/generalcontent/getcountryandroleselector" data-method="post" data-currentcountry="GLOBAL" data-currentrole="" data-selectyourroletext="Select your role"> <div class="c-header-dropdown c-header-dropdown--role-select c-navigation__accordion js-navigation-mobile" data-toggle-switcher="dropdown"> <button class="c-header-dropdown__toggle" aria-haspopup="true" aria-expanded="false" aria-describedby="headerRoleSelect" data-trigger-switcher="dropdown" aria-label="Header Country Selector"> Global <i class="c-icon c-icon--chevron-down c-header-dropdown__icon"></i> </button> <ul class="c-header-dropdown__menu c-accordion c-accordion--level-0" role="menu" aria-hidden="true" data-items-switcher="dropdown" id="headerRoleSelect"> <li role="menuitem" class="c-accordion__item c-accordion__item--level-0"> <span class="c-accordion__button js-main-navigation-link-mobile"> <a id="nav1" class="c-accordion__title js-main-navigation-link-mobile"> Global </a> <span aria-hidden="true" class="c-icon c-icon--chevron-down c-icon--functional c-accordion__indicator"></span> </span> <div class="c-accordion__item c-accordion__item--level-1 c-accordion__item--box"> <div data-parent-id="nav1" class="accordion__content"> <div class="u-text-align-center"> <h3 class="c-heading c-role-select__headline" role="heading"> Select your location and role </h3> </div> <div class="c-select2 u-margin-bottom-s" id="headerCountrySelect" data-value="GLOBAL"> <div class="c-select2__selection" aria-controls="headerCountrySelectMenu" aria-expanded="false" aria-labelledby="headerCountrySelectLabel" role="combobox" tabindex="0" aria-haspopup="listbox" aria-activedescendant> <label id="headerCountrySelectLabel" class="c-select2__label">Select your location</label> <div class="c-select2__selection__rendered"></div> <span class="c-select2__chevron c-icon c-icon--chevron-down"></span> </div> <div id="headerCountrySelectMenu" class="c-select2__dropdown"> <div class="c-select2__dropdown__label">Select your location</div> <div class="c-select2-results"> <ul class="c-select2-results__options" id="select-country-dropdown" tabindex="-1" role="listbox" aria-labelledby="headerCountrySelectLabel"></ul> </div> </div> </div> <div class="u-text-align-center u-margin-top-3m"> <button class="c-button c-button--mobile-medium u-margin-bottom-none" data-track="roleCountrySelection" aria-label="OK"> OK </button> </div> </div> </div> </li> </ul> </div> </div> </div> </div> </div> <div class="account-access-wrapper-primary"> </div> </div> </header> </div> <main class="main-container"> <!-- Added maincontent placeholder --> <section class="component agi-hero-carousel" data-component="Hero-Banner-Generic"> <div class="l-container l-container--full-width"> <div class="c-hero-banner js-hero-banner" data-slider-infinite=true data-slidedelay="2000" data-pauseonhover="true" data-autoplay=true data-transitionspeed="2000"> <div class="c-hero-banner__slides" data-component="Hero-Activeis"> <div class="c-hero-banner__slide"> <div class="c-hero-banner__image-wrapper"> <picture> <source srcset="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=1360&rev=5eb723170b2e4301afe8209411f48c02&hash=68254008AEEBECA0B1DC485FCBE5AE28, /-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=2040&rev=5eb723170b2e4301afe8209411f48c02&hash=065ECE30431E01AADC51AC3C38675781 2x" media='(min-width: 1360px)'> <source srcset="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=768&rev=5eb723170b2e4301afe8209411f48c02&hash=CC385F03F46207117B28595D8D2BEC2C, /-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=1152&rev=5eb723170b2e4301afe8209411f48c02&hash=858AD68F3BF1CEC707CBEB4D7A086F2D 2x" media='(min-width: 768px)'> <source srcset="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=640&rev=5eb723170b2e4301afe8209411f48c02&hash=70582584AECB549E2A2073FD66345666, /-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=960&rev=5eb723170b2e4301afe8209411f48c02&hash=E9F46C5E71AF308CA7472BCA588DBB28 2x" media='(min-width: 320px)'> <img src="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=1360&rev=5eb723170b2e4301afe8209411f48c02&hash=68254008AEEBECA0B1DC485FCBE5AE28" srcset="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=1360&rev=5eb723170b2e4301afe8209411f48c02&hash=68254008AEEBECA0B1DC485FCBE5AE28, /-/media/allianzgi/globalagi/china-microsite/2021-redesign/china-microsite-2021-1920x980.jpg?w=2040&rev=5eb723170b2e4301afe8209411f48c02&hash=065ECE30431E01AADC51AC3C38675781 2x" class="c-hero-banner__img swiper-lazy" alt="" title="" /> </picture> <div class="c-hero-banner__gradient"></div> </div> <div class="l-container c-hero-banner__container"> <div class="c-hero-banner__content " data-swiper-parallax="-30%" data-swiper-parallax-opacity> <h1 class="c-heading heading3 u-margin-bottom-s u-text-weight-semibold"> Growth. The China Way. </h1> <div class="c-copy u-margin-bottom-s"> <span class="body-one"> China is pursuing its own transformative path to growth.<br /> Participate in this unique investment story.</span> </div> </div> </div> </div> </div> <div class="l-container"> <div class="c-hero-banner__bullets"></div> </div> </div> </div> </section> <div class="l-container--full-width multi-column-wrapper intro-text-container columns--positive t-bg-vibrant-royal-lightest" data-component="intro-text"> <div class="l-container l-container--no-gutters"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> <h2 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light"><h1 style="text-align:center;">Why now is the time to reconsider China </h1></h2> <p class="c-copy u-text-center domain u-margin-bottom-none"><p class="c-copy u-text-center domain u-margin-bottom-none"><br> China is changing. Its economic growth is increasingly driven by innovations and investment in technology, data and science. Its capital markets are developing with a similar energy, on their way to becoming an integrated part of the global financial system. <br><br> Now is the time to get ahead of the opportunities as an investor.</p> <br><br> <h5 style="text-align:center; font-weight: 500;">Innovation, transformation and investment: key drivers of China’s growth</h5> <br><br> <p class="c-copy u-text-center domain u-margin-bottom-none"> Advanced-manufacturing sectors such as ecommerce, biotechnology and electric vehicles have the potential to add more value to China's economy than traditional manufacturing, and investment flows reflect this. China's leadership role in these areas ensures that it will no longer be seen as a country that imitates others’ success.</p></p> </div> </div> </div> </div> </div> <div class="l-container social-share-print"> <div class="l-grid u-margin-top-2m u-margin-bottom-2m"> <div data-component="social-share-print"> <div class="c-actions js-actions tooltip-no-bg"> <div class="c-actions__links"> <button class="c-link c-actions__link c-link--icon print-link" aria-label="Print page" data-track="contentPrint" data-track-info='{"title":"china"}'> <i aria-hidden="true" class="c-link__icon c-icon c-icon--print c-icon--s"></i> </button> <div class="c-tooltip js-toggle-tooltip c-share-icon c-actions__link" data-optanoncategory="4"> <button class="c-link c-link--icon js-toggle-tooltip__link" aria-label="Share page on"> <i aria-hidden="true" class="c-link__icon c-icon c-icon--share c-icon--s"></i> </button> <div role="tooltip" class="c-share-icon__tooltip c-tooltip__item social-share" aria-hidden="true"> <span class="c-tooltip__arrow"></span> <div class="c-share-icons social-sharing_toolbox"> <a href="#" target="_blank" rel="noopener" class="social-sharing_linkedin c-share-icons__link c-share-icons__link--linkedin c-link c-link--icon" aria-label="Share on LinkedIn" data-track="social" data-track-info="{'channel':'linkedin','title':'china'}"> <i class="c-share-icons__icon c-link__icon c-icon c-icon--linkedin-circle"></i> <span class="u-hidden">Share on LinkedIn</span> </a> <a href="#" target="_blank" rel="noopener" class="social-sharing_facebook c-share-icons__link c-share-icons__link--facebook c-link c-link--icon" aria-label="Share on facebook" data-track="social" data-track-info="{'channel':'facebook','title':'china'}"> <i class="c-share-icons__icon c-link__icon c-icon c-icon--facebook-circle"></i> <span class="u-hidden">Share on facebook</span> </a> </div> </div> </div> </div> </div> </div> </div> </div> <div class="l-container--full-width multi-column-wrapper three-column " data-component="MultiColumnWrapper"> <div class="l-container l-container--no-gutters u-margin-top-m u-padding-top-m u-padding-bottom-m"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> <h2 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light">What will the “China of the future” look like? </h2> <p class="c-copy u-text-center domain">Some of China’s most significant transformational efforts include the success of domestic brands, a growing emphasis on sustainability and a commitment to leadership in advanced technologies. Supported by investments in R&D and infrastructure, these transformations are set to change the face of the Chinese economy over the coming decades.</p> </div> </div> <div class="l-grid__row align-items-stretch"> <div class="c-agi-teaser align-tiles-imagetoLeft tile--negative teaser--50-50" aria-label="The rise of domestic brands" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"The rise of domestic brands"}'> <div class="c-agi-teaser__image t-bg-vibrant-yellow-light" aria-hidden="true"> <a target="_blank" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"The rise of domestic brands"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/tablet-and-notebook.jpg?rev=669268e203624d2ba41e6bafd492e37b&la=en&h=427&w=640&hash=076ADAD669C438DC72E05B10B7B0AA41" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-yellow-light"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> The rise of domestic brands </h3> <p class="c-copy c-agi-tile__text"> <ul style="font-size:16px; line-height:24px;"> <li>Improvement in product quality is boosting <strong>dominance of local brands</strong></li> <li>In 2010, only 10% of <strong>smartphones </strong>sold in China were <strong>domestic brands</strong>; now it's <strong>close to 90%</strong><sup>1</sup><br /> <strong> </strong></li> </ul> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser u-text-left tile--negative teaser--50-50" aria-label="Becoming a green pioneer" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Becoming a green pioneer"}'> <div class="c-agi-teaser__image t-bg-rich-green-light" aria-hidden="true"> <a target="_blank" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Becoming a green pioneer"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/allianzgi-corporate-responsibility.jpg?rev=2e32ab31b368446e86f7aa83b0b7b6b3&la=en&h=427&w=640&hash=6AEFF7DF89278069F8B2E955649AD00D" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-green-light"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Becoming a green pioneer </h3> <p class="c-copy c-agi-tile__text"> <ul style="font-size:16px; line-height:24px;"> <li>China plans to achieve <strong>carbon neutrality</strong> by 2060 (and peak CO<sub>2</sub> before 2030)</li> <li>China has been the largest investor in <strong>renewable energy</strong> over the last decade<sup>2</sup></li> </ul> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser u-text-left tile--negative teaser--50-50" aria-label="From imitation to innovation" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"From imitation to innovation"}'> <div class="c-agi-teaser__image t-bg-rich-blue" aria-hidden="true"> <a target="_blank" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"From imitation to innovation"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/china-microsite/2021-redesign/sciencelab.jpg?rev=5bf6c7d4770d475695166c6804cb8031&la=en&h=427&w=640&hash=28C673A598D206EBA5856CEA56FC6956" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-rich-blue"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> From imitation to innovation </h3> <p class="c-copy c-agi-tile__text"> <ul style="font-size:16px; line-height:24px;"> <li>Healthcare: <strong>drug development is surging;</strong> China is the world's largest <strong>genetic databank</strong><sup>3</sup></li> <li>Cryptocurrencies: watch out for the first truly<strong> digital currency</strong> in a major global economy</li> </ul> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <style> ol,ul { padding-left: 0!important; } </style> <p style="text-align: center;"><span class="agi-heading3">How can China help diversify your investments?</span> </p> <div class="l-grid__column-medium-10 offset-medium-1" style="margin-top: 34px; margin-bottom: 34px;"> <div> <table style="width:100%;" cellspacing="20"> <tbody> <tr> <td style="text-align: left; width:50px;"><img alt="Icon: directions" class="c-agi-accordion__icon c-icon" src="/-/media/allianzgi/shared/factsnfigures-icon/new-icons/icon-alternatives.svg?rev=a3112ea7bede469c90fb2269ba43e425&hash=0B59066539AD25A0FA75E732263881AB" style="width:50px;" /></td> <td style="text-align: left;"><span style="text-align: left; font-size: 20px; line-height: 28px;"> China’s markets have historically exhibited low correlations to other major markets – meaning they frequently move in different directions. This means investing in China could potentially bring diversification benefits. </span> </td> </tr> </tbody> </table> </div> <div> <hr style="color:#3583c9;" /> <table style="width:100%;" cellspacing="20"> <tbody> <tr> <td style="text-align: left; width:50px;"><img alt="Icon:chart" class="c-agi-accordion__icon c-icon" src="/-/media/allianzgi/shared/factsnfigures-icon/new-icons/growth-icon.svg?rev=a13e8e04b5f34b9788e646b6c432a59c&hash=A89C4607A7D07DD2E8C9BD9135E2EF16" style="width:50px;" /></td> <td style="text-align: left;"><span style="text-align: left; font-size: 20px; line-height: 28px;"> Equities are available in a range of exchanges – from Shenzhen and Hong Kong listings to the Nasdaq-like STAR market. </span> </td> </tr> </tbody> </table> </div> <hr style="color:#3583c9;" /> <div> <table style="width:100%;" cellspacing="20"> <tbody> <tr> <td style="text-align: left; width:50px;"><img alt="Icon: coins" class="c-agi-accordion__icon c-icon" src="/-/media/allianzgi/shared/factsnfigures-icon/new-icons/icon-coins.svg?rev=120877b894a0479fbd3412fce1a1de12&hash=04CA7ED3396A25E80CAE063167795F3A" style="width:50px;" /></td> <td style="text-align: left;"><span style="text-align: left; font-size: 20px; line-height: 28px;"> Bonds can be accessed in onshore and offshore markets, and denominated in US or Chinese currencies, to help achieve a range of diversification objectives. </span> </td> </tr> </tbody> </table> </div> </div> </div> </div> <div class="l-container--full-width multi-column-wrapper intro-text-container columns--positive " data-component="intro-text"> <div class="l-container l-container--no-gutters"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> <h2 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light">Our China expertise is deep and broad</h2> <p class="c-copy u-text-center domain u-margin-bottom-none">In many ways a unique market, China is still unfamiliar to many investors. Partnering with someone who understands this dynamic region is critical. At Allianz Global Investors, we have a wealth of research capabilities across our investment platform, including proprietary insights from our Grassroots Research<sup>®</sup> team, with correspondents in China and across Asia.</p> </div> </div> </div> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <a name="expertise"></a> <p style="text-align: center;"><span class="body-one"><img src="/-/media/allianzgi/globalagi/china-microsite/2024-redesign/china-expertise-01-1920x708.png?rev=e3dc29a77781461fb7a541ad0586b9f6&hash=F337060BDCE25D3BB33AD5F2BA0DF94E" style="height:auto; width:100%; margin-top:-50px;" alt="China expertise infografic" /></span></p> </div> </div> <div class="l-container--full-width multi-column-wrapper four-column columns--positive " data-component="MultiColumnWrapper"> <div class="l-container l-container--no-gutters u-margin-top-m u-padding-top-m u-padding-bottom-m"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> <h2 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light">Explore further China insights</h2> <p class="c-copy u-text-center domain">Our experts regularly provide investment insights about China, keeping you up-to-date about this dynamic region.</p> </div> </div> <div class="l-grid__row align-items-stretch"> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="Chinese equity markets – opportunities in difference" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Chinese equity markets – opportunities in difference"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/chinese-equity-markets-opportunities-in-difference" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Chinese equity markets – opportunities in difference"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/chinese-equity-markets-opportunities-in-difference/1920x980-china-property-sector-challenges.png?rev=f3cd0ee7c01d4cc49d80f3ce8b806e5e&la=en&h=980&w=1920&hash=E6B5DE98D9E7C3CCC5857977E5DB391B" class="c-image__img" alt="Calendar year return for different China equity markets Shanghai-listed Shenzhen-listed" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 23/11/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Chinese equity markets – opportunities in difference </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/chinese-equity-markets-opportunities-in-difference" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Chinese equity markets – opportunities in difference"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="Interview with Shao Ping Guan" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Interview with Shao Ping Guan"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/interview-with-shao-ping-guan" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Interview with Shao Ping Guan"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/shared/2021-hero-banners/1920x980-anleihen.jpg?rev=8e7982fa1c6a43aea32f5238dc9ae4a7&la=en&h=980&w=1920&hash=3B6AFC42F5BD44A7C8AE1579F6879D81" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 25/10/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Interview with Shao Ping Guan </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/interview-with-shao-ping-guan" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Interview with Shao Ping Guan"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="Growing pains? China’s property sector challenges signal an economy in transition" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Growing pains? China’s property sector challenges signal an economy in transition"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/china-property-sector-challenges" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Growing pains? China’s property sector challenges signal an economy in transition"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/china-property-sector-challenges/1920x980-china-property-sector-challenges.png?rev=05fa54842ae04e67bbab88b919357379&la=en&h=980&w=1920&hash=7AA4E19FCA7F0C71209A1A8BE59A7056" class="c-image__img" alt="China’s property sector challenges signal an economy in transition - Allianz Global Investors" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 07/09/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Growing pains? China’s property sector challenges signal an economy in transition </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/china-property-sector-challenges" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Growing pains? China’s property sector challenges signal an economy in transition"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="China Outlook – Navigating structural change" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"China Outlook – Navigating structural change"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/china-outlook-navigating-structural-change" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"China Outlook – Navigating structural change"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/china-outlook-navigating-structural-change/1920x980-china-outlook-navigating-structural-change.jpg?rev=2c448fad0d8a4d6c849f80770179b771&la=en&h=980&w=1920&hash=3B719FC226321A16EB7FBC07B08661BD" class="c-image__img" alt="China Outlook – Navigating structural change" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 01/09/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> China Outlook – Navigating structural change </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/china-outlook-navigating-structural-change" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"China Outlook – Navigating structural change"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="How understanding China’s “new formula” is critical to investors" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"How understanding China’s “new formula” is critical to investors"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/how-understanding-chinas-new-formula-is-critical-to-investors" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How understanding China’s “new formula” is critical to investors"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/how-understanding-chinas-new-formula-is-critical-to-investors/1920x980-how-understanding-chinas-new-formula-is-critical-to-investors.jpg?rev=abceab92a7fc4f4baf2383b41bc51c0b&la=en&h=980&w=1920&hash=5690F535AD78BE8CBA9CC9A6EA70F41C" class="c-image__img" alt="How understanding China’s “new formula” is critical to investors" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 15/06/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> How understanding China’s “new formula” is critical to investors </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/how-understanding-chinas-new-formula-is-critical-to-investors" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How understanding China’s “new formula” is critical to investors"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="How climate risk integration is disrupting the Chinese investment landscape" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"How climate risk integration is disrupting the Chinese investment landscape"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/how-climate-risk-integration-is-disrupting-the-chinese-investment-landscape" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How climate risk integration is disrupting the Chinese investment landscape"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/how-climate-risk-integration-is-disrupting-the-chinese-investment-landscape/how-climate-risk-integration-is-disrupting-the-chinese-investment-landscape.png?rev=ec9a5ded9ae94a3a890376f191c7ed19&la=en&h=980&w=1920&hash=BB7D2FE0897A6921156183FB549852E2" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 22/03/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> How climate risk integration is disrupting the Chinese investment landscape </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/how-climate-risk-integration-is-disrupting-the-chinese-investment-landscape" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How climate risk integration is disrupting the Chinese investment landscape"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="Year of the Rabbit: luckier for investors?" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Year of the Rabbit: luckier for investors?"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/year-of-the-rabbit-luckier-for-investors" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Year of the Rabbit: luckier for investors?"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/year-of-the-rabbit/cityscape-panorama-1920x1260.png?rev=f35d9e2376bf4b9e8862562418d03091&la=en&h=980&w=1920&hash=6AD8DD62B63B20DE91B6DBEE5DAF028F" class="c-image__img" alt="Shanghai image: China's biggest city and a global financial hub" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 18/01/2023 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Year of the Rabbit: luckier for investors? </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/year-of-the-rabbit-luckier-for-investors" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Year of the Rabbit: luckier for investors?"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="How China can achieve its ambitious decarbonisation plan" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"How China can achieve its ambitious decarbonisation plan"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/ambitious-decarbonisation-plan" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How China can achieve its ambitious decarbonisation plan"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/ambitious-decarbonisation-plan/1920x980-hero-electric-vehicles-charging-station.jpg?rev=95e8a1f7f5ee4977ba6ab2d4890f2712&la=en&h=980&w=1920&hash=650D15C2D295ACB24866CCDCDF60401E" class="c-image__img" alt="Electric vehicles charging station are installed in city public square" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 22/08/2022 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> How China can achieve its ambitious decarbonisation plan </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/ambitious-decarbonisation-plan" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"How China can achieve its ambitious decarbonisation plan"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft teaser--50-50" aria-label="China poised to bounce back" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"China poised to bounce back"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="/en/insights/outlook-and-commentary/china-poised-to-bounce-back" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"China poised to bounce back"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/china-insights/china-poised-to-bounce-back/1920x980-hero-china-poised-to-bounce-back.jpg?rev=95106892648345428c7f2135d90848f6&la=en&h=980&w=1920&hash=3C819DF2ED2875EF77E6DC6747321D03" class="c-image__img" alt="Shenzhen Megacity" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 12/07/2022 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> China poised to bounce back </h3> <p class="c-copy c-agi-tile__text"> </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/outlook-and-commentary/china-poised-to-bounce-back" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"China poised to bounce back"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">Read more</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> <div class="c-agi-teaser align-tiles-imagetoLeft tile--positive teaser--50-50" aria-label="Mid-year outlook: China’s path out of its perfect storm" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"Mid-year outlook: China’s path out of its perfect storm"}'> <div class="c-agi-teaser__image t-bg-vibrant-steel-lightest" aria-hidden="true"> <a href="" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"Mid-year outlook: China’s path out of its perfect storm"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/editorial/mid-year-outlook-chinas-path-out/hero-mid-year-china-outlook.jpg?rev=-1&la=en&h=980&w=1920&hash=DBC7265D712017BA2518842D0A9F8D23" class="c-image__img" alt="" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-steel-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> 29/06/2022 | China insights </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> Mid-year outlook: China’s path out of its perfect storm </h3> <p class="c-copy c-agi-tile__text"> </p> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <p class="body-one" style="text-align: center; margin-top:-50px;"> <a href="/en/insights/outlook-and-commentary?Topic=China" target="_self"><button class="c-button"> <span style="text-transform: uppercase; letter-spacing: 1px;">ALL ARTICLES</span> </button></a> </p> </div> </div> <div class="l-container--full-width multi-column-wrapper one-column columns--positive " data-component="MultiColumnWrapper"> <div class="l-container l-container--no-gutters u-margin-top-m u-padding-top-m u-padding-bottom-m"> <div class="l-grid u-margin-top-m u-margin-bottom-m"> <div class="l-grid__row"> <div class="l-grid__column"> </div> </div> <div class="l-grid__row align-items-stretch"> <div class="c-agi-teaser align-tiles-imagetoRight teaser--50-50" aria-label="The China Briefing (BLOG)" data-track-info='{"event":"TeaserTile","interaction":"impression","bannerName":"The China Briefing (BLOG)"}'> <div class="c-agi-teaser__image t-bg-vibrant-royal-lightest" aria-hidden="true"> <a href="/en/insights/the-china-briefing" target="" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"The China Briefing (BLOG)"}'> <figure class="c-image c-image--1dot8by1"> <img src="/-/media/allianzgi/globalagi/hero/insights/the-china-briefing/china-poised-to-bounce-back-1920x980.jpg?rev=c0a861d36c8744cb97c1f3a461c6c744&la=en&h=980&w=1920&hash=8553601B689E3D79A77B78974B278DF5" class="c-image__img" alt="Night city skyline" /> </figure> </a> </div> <div class="c-agi-teaser__content"> <div class="c-agi-tile t-bg-vibrant-royal-lightest"> <div class="c-agi-tile__wrapper"> <div class="c-agi-tile__content"> <p class="c-copy c-agi-tile__tags"> </p> <h3 class='c-heading c-agi-tile__headline c-heading--link-black'> The China Briefing (BLOG) </h3> <p class="c-copy c-agi-tile__text"> Join us on this journey with the views of our China equity team and their on-the-ground assessments of this continuously evolving story. </p> <a class="c-link c-link--block c-link--icon" href="/en/insights/the-china-briefing" target="" aria-label="Discover more" data-track="teaserClick" data-track-info='{"event":"TeaserTile","interaction":"click","bannerName":"The China Briefing (BLOG)"}'> <span aria-hidden="true" class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text">DISCOVER MORE</span> </a> </div> <div class="c-copy c-copy--medium c-agi-tile__author c-taglist"> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <h2 style="text-align: center; margin-bottom: -80px;"> Discover our investable themes </h2> </div> </div> <div class="l-container " data-component="general-content" > </div> <div class="component agi-general-content-rte " data-component="general-content" > <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <link rel="stylesheet" href="/-/media/allianzgi/shared/investable-themes/global-styles-and-scripts/investable-themes-navigation-styles.css" /> <style> .first { width: 122px; height: 122px; margin: auto; background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/navigating-rates-empty.png"); background-repeat: no-repeat; background-size: 100%; } .investable-themes-c-tabs__nav__item.active .first, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0:focus .first, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0:hover .first { background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/navigating-rates-filled.png"); } .second { width: 122px; height: 122px; margin: auto; background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/embracing-disruption-empty.png"); background-repeat: no-repeat; background-size: 100%; } .investable-themes-c-tabs__nav__item.active .second, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1:focus .second, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1:hover .second { background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/embracing-disruption-filled.png"); } .third { width: 122px; height: 122px; margin: auto; background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/achieving-sustainability-empty-v2.png"); background-repeat: no-repeat; background-size: 100%; } .investable-themes-c-tabs__nav__item.active .third, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2:focus .third, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2:hover .third { background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/achieving-sustainability-filled-v2.png"); } .fourth { width: 122px; height: 122px; margin: auto; background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/transforming-infrastructure-empty.png"); background-repeat: no-repeat; background-size: 100%; } .investable-themes-c-tabs__nav__item.active .fourth, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3:focus .fourth, #d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3:hover .fourth { background-image: url("-/media/AllianzGI/Shared/Icons/special/investable-themes-icons-2024/transforming-infrastructure-filled.png"); } </style> <div class="investable-themes-full-width-section" style="background-color: #E1E9EB;"> <div class="investable-themes-full-width-container investable-themes-icon-tabs js-better-tabs"> <div class="investable-themes-c-tabs__nav c-icon-nav investable-themes-c-icon-banner-image__wrap_them" role="tablist" style="background-color: #E1E9EB;"> <div class="investable-themes-c-tabs__nav__item" data-track-info="{"event":"navHorizontalIcons","linkLabel":"China"}"> <label id="d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0" data-content-id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0" aria-selected="true" for="" tabindex="-1" aria-controls="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0" role="tab" class="investable-themes-c-tabs__label" style="margin-top: 32px;"> <div class="investable-themes-c-tabs__label__container animated animate__backInDown"> <div class="first"> </div> </div> </label> </div> <div class="investable-themes-c-tabs__nav__item active" data-track-info="{"event":"navHorizontalIcons","linkLabel":"Rates"}"> <label id="d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1" data-content-id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1" aria-selected="true" for="" tabindex="-1" aria-controls="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1" role="tab" class="investable-themes-c-tabs__label" style="margin-top: 32px;"> <div class="investable-themes-c-tabs__label__container animated animate__backInDown"> <div class="second" aria-selected="true" active="true"> </div> </div> </label> </div> <div class="investable-themes-c-tabs__nav__item" data-track-info="{"event":"navHorizontalIcons","linkLabel":"Sustainability"}"> <label id="d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2" data-content-id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2" aria-selected="true" for="" tabindex="-1" aria-controls="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2" role="tab" class="investable-themes-c-tabs__label" style="margin-top: 32px;"> <div class="investable-themes-c-tabs__label__container animated animate__backInDown"> <div class="third"> </div> </div> </label> </div> <div class="investable-themes-c-tabs__nav__item" data-track-info="{"event":"navHorizontalIcons","linkLabel":"Disruption"}"> <label id="d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3" data-content-id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3" aria-selected="true" for="" tabindex="-1" aria-controls="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3" role="tab" class="investable-themes-c-tabs__label" style="margin-top: 32px;"> <div class="investable-themes-c-tabs__label__container animated animate__backInDown"> <div class="fourth"> </div> </div> </label> </div> </div> <div class="c-tabs__content u-hidden" style="background-color: #B5C7CD; display: block; margin-top: 40px;"> <div id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_0" class="c-tabs__content__item delayed animated fadeIn" aria-labelledby="item.TabId" role="tabpanel" tabindex="-1"> <div class="l-container " data-component="general-content"> </div> <div class="component agi-general-content-rte " data-component="general-content"> <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <div class="l-grid__column-medium-12 u-text-align-left"> <div class="l-grid__row align-items: center"> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <img style="" alt="Navigating Rates" src="/-/media/allianzgi/shared/investable-themes/2022/navigating-rates-564x317.jpg?rev=7fa477f6206d45e388684ff0a97f6560&hash=6CCA7F85B92CEE58D733AD3B1C123061" /> </div> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <h4 style="margin: 16px 0 16px;"> Navigating Rates </h4> <p class="body-one" style="margin-bottom: 16px;"> A dynamic approach is required as investors adapt to shifting interest rates, inflation expectations and exchange rates. Volatility will likely persist: while we expect monetary policy to become gradually less restrictive than in recent times, higher rates will likely uncover weak points as industries feel the impact of elevated borrowing costs. Visibility of how markets will develop remains limited, even in the short term, and expectations could be upended. But we are confident this environment also creates opportunities. <br /> Diversification is key – across public and private markets – and we have the ideas and expertise to navigate the complexity. </p> <p class="body-one" style=""> <a href="/en/investable-themes/rates" class="c-link c-link--block c-link--icon" letter-spacing:1px;"=""> <span class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text"> Learn more </span> </a> </p> </div> </div> </div> </div> </div> </div> <div id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_1" class="c-tabs__content__item active delayed animated fadeIn" aria-labelledby="item.TabId" role="tabpanel" tabindex="-1"> <div class="l-container " data-component="general-content"> </div> <div class="component agi-general-content-rte " data-component="general-content"> <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <div class="l-grid__column-medium-12 u-text-align-left"> <div class="l-grid__row align-items: center"> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <img style="" alt="Embracing Disruption" src="/-/media/allianzgi/shared/investable-themes/2022/embracing-disruption-564x317.jpg?rev=9cc7a1a830754bbfba5fb8a1bc31ff5d&hash=BBA466B9213A56388093D2FCFB7C9073" /> </div> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <h4 style="margin: 16px 0 16px;"> Embracing Disruption </h4> <p class="body-one" style="margin-bottom: 16px;"> We think it’s time to recast traditional definitions of “disruption”. Once a story for the tech sector, disruption is now all-encompassing as artificial intelligence and other transformative technologies are used widely. <br /> While technology may be driving many of the changes, this new wave of disruption could shape many aspects of our daily lives. There are also geopolitical shifts to watch as China becomes preeminent in high-tech industries like electric cars and India positions itself as an emerging power. <br /> The implications of this new age of disruption will be profound and exponential, and together we can embrace the opportunities. </p> <p class="body-one" style=""> <a href="/en/investable-themes/disruption" class="c-link c-link--block c-link--icon" letter-spacing:1px;"=""> <span class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text"> Learn more </span> </a> </p> </div> </div> </div> </div> </div> </div> <div id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_2" class="c-tabs__content__item" aria-labelledby="item.TabId" role="tabpanel" tabindex="-1" aria-hidden="aria-hidden"> <div class="l-container " data-component="general-content"> </div> <div class="component agi-general-content-rte " data-component="general-content"> <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <div class="l-grid__column-medium-12 u-text-align-left"> <div class="l-grid__row align-items: center"> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <img style="" alt="Achieving Sustainability" src="/-/media/allianzgi/shared/investable-themes/2022/achieving-sustainability-564x317.jpg?rev=5c0cfff41e3840328971e2bc92e68c70&hash=52817D2194B1039C5BA8C0B1500FBBD4" /> </div> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <h4 style="margin: 16px 0 16px;"> Achieving Sustainability </h4> <p class="body-one" style="margin-bottom: 16px;"> Sustainable investing is evolving rapidly. Increased flows rightly come with increased expectations of measurability and impact. The industry is on a journey: from a focus on ESG-led risk management to purposeful sustainability solutions and ultimately to impact investing strategies that contribute to measurable environmental or social benefits. <br /> We believe this direction of travel towards real-world change will be the long-term trend of the decade. With a considered approach to achieving sustainable outcomes, we are alongside you at the different stages of your journey, whatever your ambitions. </p> <p class="body-one" style=""> <a href="/en/investable-themes/sustainability" class="c-link c-link--block c-link--icon" letter-spacing:1px;"=""> <span class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text"> Learn more </span> </a> </p> </div> </div> </div> </div> </div> </div> <div id="tab-content-d76c3709-b53a-4831-a0ce-e75c9cc8acbf_3" class="c-tabs__content__item" aria-labelledby="item.TabId" role="tabpanel" tabindex="-1" aria-hidden="aria-hidden"> <div class="l-container " data-component="general-content"> </div> <div class="component agi-general-content-rte " data-component="general-content"> <div class="l-container u-margin-top-xl u-margin-bottom-2m agi-rte"> <div class="l-grid__column-medium-12 u-text-align-left"> <div class="l-grid__row align-items: center"> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <img style="" alt="Interpreting China" src="/-/media/allianzgi/shared/investable-themes/2024/transforming-infrastructure-564x317.jpeg?rev=88283005453f41ec982fae432cf9d93c&hash=345D923E4A366913C91679F39057392F" /> </div> <div class="l-grid__column-large-6 l-grid__column-large-6 u-margin-bottom-1m"> <h4 style="margin: 16px 0 16px;"> Transforming Infrastructure </h4> <p class="body-one" style="margin-bottom: 16px;"> Infrastructure is key for the development and smooth running of economies and societies, but much of the infrastructure needed tomorrow does not exist today. Private capital can play a crucial role in funding essential projects as huge investments are needed, especially for the transition to greener energy. <br /> Investors have many ways to enter this complex asset class and can pick their spot in the capital structure and the region or duration of the investment. <br /> With our expertise and market access we are working with investors today to transform the infrastructure of tomorrow. </p> <p class="body-one" style="display:none;"> <!--DELETE THE DISPLAY NONE FOR REUSE THE LINK--> <a href="/en/investable-themes/china" class="c-link c-link--block c-link--icon" letter-spacing:1px;"=""> <span class="c-link__icon c-icon c-icon--arrow-right"></span> <span class="c-link__text"> Learn more </span> </a> </p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <script src="/-/media/allianzgi/shared/investable-themes/global-styles-and-scripts/investable-themes-navigation-script.js"></script> </div> </div> <section class="component agi-disclosure-component l-container" data-component="Disclosure"> <div class="l-grid c-footnote-disclaimer u-margin-top-xl u-margin-bottom-xl"> <div class="c-footnote-disclaimer__view"> <ul class="c-agi-accordion js-agi-accordion"> <li class="c-agi-accordion__item is-active"> <button type="button" aria-controls="importantInformation" class="c-agi-accordion__button">Disclaimer</button> <div class="c-agi-accordion__content" id="importantInformation"> <div class="c-copy c-copy--small u-text-weight-light u-margin-bottom-none agi-rte"> <p><span class="note-one"><br /> <strong>What will the "China of the future" look like?</strong><br /> 1. Source: Chinese Academy of Information and Communication Technology, data cited in Aroged, July 2021.<br /> 2. Source: Global Trends in Renewable Energy Investment 2019, United Nations Environment Programme, September 2019.<br /> 3. Source: Building of the World’s Largest DNA Database: The China Case, Ausma Bernot, December 2020.<br /> </span></p> <p><span class="note-one"><br /> <strong>How can China help diversify your investments?</strong><br /> Diversification does not guarantee a profit or protect against losses.<br /> </span></p> <p><span class="note-one"><br /> <strong>Infograph: Allianz Global Investors’ China expertise</strong><br /> Source: Allianz Global Investors. Assets under management data as at 30 April 2022.</span></p> <p><span class="note-one">The Grassroots Research® division of Allianz Global Investors commissions investigative market research for asset-management professionals. Research data used to generate Grassroots Research® reports are received from independent, third-party contractors who supply research that, as far as permissible by applicable laws and regulations, may be paid for by commissions generated by trades executed on behalf of clients.<br /> </span></p> <div> </div> <p class="note-one"> <strong>Investing involves risk.</strong> The value of an investment and the income from it will fluctuate and investors may not get back the principal invested. Past performance is not indicative of future performance. This is a marketing communication. It is for informational purposes only. This document does not constitute investment advice or a recommendation to buy, sell or hold any security and shall not be deemed an offer to sell or a solicitation of an offer to buy any security. The views and opinions expressed herein, which are subject to change without notice, are those of the issuer or its affiliated companies at the time of publication. Certain data used are derived from various sources believed to be reliable, but the accuracy or completeness of the data is not guaranteed and no liability is assumed for any direct or consequential losses arising from their use. The duplication, publication, extraction or transmission of the contents, irrespective of the form, is not permitted. This material has not been reviewed by any regulatory authorities. In mainland China, it is for Qualified Domestic Institutional Investors scheme pursuant to applicable rules and regulations and is for information purpose only. This document does not constitute a public offer by virtue of Act Number 26.831 of the Argentine Republic and General Resolution No. 622/2013 of the NSC. This communication's sole purpose is to inform and does not under any circumstance constitute promotion or publicity of Allianz Global Investors products and/or services in Colombia or to Colombian residents pursuant to part 4 of Decree 2555 of 2010. This communication does not in any way aim to directly or indirectly initiate the purchase of a product or the provision of a service offered by Allianz Global Investors. Via reception of his document, each resident in Colombia acknowledges and accepts to have contacted Allianz Global Investors via their own initiative and that the communication under no circumstances does not arise from any promotional or marketing activities carried out by Allianz Global Investors. Colombian residents accept that accessing any type of social network page of Allianz Global Investors is done under their own responsibility and initiative and are aware that they may access specific information on the products and services of Allianz Global Investors. This communication is strictly private and confidential and may not be reproduced. This communication does not constitute a public offer of securities in Colombia pursuant to the public offer regulation set forth in Decree 2555 of 2010. This communication and the information provided herein should not be considered a solicitation or an offer by Allianz Global Investors or its affiliates to provide any financial products in Brazil, Panama, Peru, and Uruguay. In Australia, this material is presented by Allianz Global Investors Asia Pacific Limited (“AllianzGI AP”) and is intended for the use of investment consultants and other institutional/professional investors only, and is not directed to the public or individual retail investors. AllianzGI AP is not licensed to provide financial services to retail clients in Australia. AllianzGI AP is exempt from the requirement to hold an Australian Foreign Financial Service License under the Corporations Act 2001 (Cth) pursuant to ASIC Class Order (CO 03/1103) with respect to the provision of financial services to wholesale clients only. AllianzGI AP is licensed and regulated by Hong Kong Securities and Futures Commission under Hong Kong laws, which differ from Australian laws. This document is being distributed by the following Allianz Global Investors companies: Allianz Global Investors U.S. LLC, an investment adviser registered with the U.S. Securities and Exchange Commission; Allianz Global Investors Distributors LLC, distributor registered with FINRA, is affiliated with Allianz Global Investors U.S. LLC; Allianz Global Investors GmbH, an investment company in Germany, authorized by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Allianz Global Investors (Schweiz) AG; in HK, by Allianz Global Investors Asia Pacific Ltd., licensed by the Hong Kong Securities and Futures Commission; in Singapore, by Allianz Global Investors Singapore Ltd., regulated by the Monetary Authority of Singapore [Company Registration No. 199907169Z]; in Japan, by Allianz Global Investors Japan Co., Ltd., registered in Japan as a Financial Instruments Business Operator [Registered No. The Director of Kanto Local Finance Bureau (Financial Instruments Business Operator), No. 424], Member of Japan Investment Advisers Association, the Investment Trust Association, Japan and Type II Financial Instruments Firms Association; in Taiwan, by Allianz Global Investors Taiwan Ltd., licensed by Financial Supervisory Commission in Taiwan; and in Indonesia, by PT. Allianz Global Investors Asset Management Indonesia licensed by Indonesia Financial Services Authority (OJK).</p> <br /> <p class="note-one">Allianz Global Investors, September 2022</p> <p class="note-one">AdMaster: 2384639</p> </div> </div> </li> </ul> </div> </div> </section> </main> <!-- Added footer placeholder --> <div class="l-container l-container--full-width t-bg-rich-blue-lightest" data-component="pre-footer" aria-hidden="true"> <div class="l-grid l-grid--max-width"> <div class="l-grid__row"> <div class="l-grid__column-12"> <div class="c-pre-footer"> </div> </div> </div> </div> </div> <div class="l-container l-container--full-width footer" data-component="footer"> <footer class="c-footer"> <div class="c-footer__container"> <div class="c-footer__navigation u-padding-bottom-4m"> <div class="l-grid l-grid--max-width u-background-inherit"> <div class="l-grid__row"> <div class="l-grid__column-medium-4"> <h6 class="c-heading c-footer__navigation-headline c-heading--subsection-xsmall"> <a href="/en/capability-landing" >Capabilities</a> </h6> <ul class="c-footer__navigation-list"> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/equity" class="c-footer__navigation-link c-link" data-track="footer" >Equities</a> </li> <li class="c-footer__navigation-item"> <a href="/en/investable-themes/china" class="c-footer__navigation-link c-link" data-track="footer" >- China investing</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/equity/systematic-equity" class="c-footer__navigation-link c-link" data-track="footer" >- Systematic equity</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/fixed-income" class="c-footer__navigation-link c-link" data-track="footer" >Fixed income</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/multi-asset" class="c-footer__navigation-link c-link" data-track="footer" >Multi-asset</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/private-markets" class="c-footer__navigation-link c-link" data-track="footer" >Overview</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/development-finance" class="c-footer__navigation-link c-link" data-track="footer" >Development finance</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/risklab" class="c-footer__navigation-link c-link" data-track="footer" >risklab</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/digital-investment-solutions" class="c-footer__navigation-link c-link" data-track="footer" >Digital investment solutions</a> </li> <li class="c-footer__navigation-item"> <a href="/en/capability-landing/research" class="c-footer__navigation-link c-link" data-track="footer" >Research</a> </li> </ul> </div> <div class="l-grid__column-medium-4"> <h6 class="c-heading c-footer__navigation-headline c-heading--subsection-xsmall"> <a href="/en/insights/outlook-and-commentary" >Market Insights</a> </h6> <ul class="c-footer__navigation-list"> <li class="c-footer__navigation-item"> <a href="https://www.allianzgi.com/en/insights/outlook-and-commentary?Topic=House%20View%20%26%20Outlooks" class="c-footer__navigation-link c-link" data-track="footer" >House View & Outlooks</a> </li> <li class="c-footer__navigation-item"> <a href="/en/investable-themes" class="c-footer__navigation-link c-link" data-track="footer" >Investable Themes</a> </li> <li class="c-footer__navigation-item"> <a href="/en/investable-themes/rates" class="c-footer__navigation-link c-link" data-track="footer" >Navigating Rates</a> </li> <li class="c-footer__navigation-item"> <a href="/en/investable-themes/disruption" class="c-footer__navigation-link c-link" data-track="footer" >Embracing Disruption</a> </li> <li class="c-footer__navigation-item"> <a href="/en/investable-themes/sustainability" class="c-footer__navigation-link c-link" data-track="footer" >Achieving Sustainability</a> </li> <li class="c-footer__navigation-item"> <a href="/en/insights/sustainability-blog" class="c-footer__navigation-link c-link" title="Sustainability Now" data-track="footer">Sustainability Now</a> </li> <li class="c-footer__navigation-item"> <a href="/en/insights/two-minute-tech" class="c-footer__navigation-link c-link" title="Two-Minute Tech" data-track="footer">Two-Minute Tech</a> </li> <li class="c-footer__navigation-item"> <a href="/en/insights/the-china-briefing" class="c-footer__navigation-link c-link" title="The China Briefing" data-track="footer">The China Briefing</a> </li> <li class="c-footer__navigation-item"> <a href="/en/insights/allianz-global-investors-academy" class="c-footer__navigation-link c-link" title="Allianz Global Investors Academy" data-track="footer">Allianz Global Investors Academy</a> </li> </ul> </div> <div class="l-grid__column-medium-4"> <h6 class="c-heading c-footer__navigation-headline c-heading--subsection-xsmall"> <a href="/en/sustainability" >Sustainability</a> </h6> <ul class="c-footer__navigation-list"> <li class="c-footer__navigation-item"> <a href="/en/sustainability/sustainable-investing" class="c-footer__navigation-link c-link" data-track="footer" >Sustainable investing</a> </li> <li class="c-footer__navigation-item"> <a href="/en/sustainability/insights-on-sustainable-investing" class="c-footer__navigation-link c-link" data-track="footer" >Sustainability insights</a> </li> <li class="c-footer__navigation-item"> <a href="/en/sustainability/policies-and-reporting" class="c-footer__navigation-link c-link" data-track="footer" >Policies and reporting</a> </li> <li class="c-footer__navigation-item"> <a href="/en/sustainability/sustainability-report-2023" class="c-footer__navigation-link c-link" data-track="footer" >Sustainability and Stewardship Report 2023</a> </li> </ul> </div> <div class="l-grid__column-medium-4"> <h6 class="c-heading c-footer__navigation-headline c-heading--subsection-xsmall"> <a href="/en/our-firm" >Our firm</a> </h6> <ul class="c-footer__navigation-list"> <li class="c-footer__navigation-item"> <a href="/en/our-firm/what-we-do" class="c-footer__navigation-link c-link" data-track="footer" >What we do</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/our-history" class="c-footer__navigation-link c-link" data-track="footer" >Our history</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/our-culture" class="c-footer__navigation-link c-link" data-track="footer" >Our culture</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/our-offices" class="c-footer__navigation-link c-link" data-track="footer" >Our offices</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/leadership" class="c-footer__navigation-link c-link" title="Leadership team" data-track="footer">Leadership team</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/inclusion-diversity" class="c-footer__navigation-link c-link" title="Diversity, equity & inclusion" data-track="footer">Diversity, equity & inclusion</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/corporate-responsibility" class="c-footer__navigation-link c-link" title="Corporate responsibility" data-track="footer">Corporate responsibility</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/art-on-climate" class="c-footer__navigation-link c-link" title="Art on climate" data-track="footer">Art on climate</a> </li> <li class="c-footer__navigation-item"> <a href="/en/our-firm/sponsorships-partnerships" class="c-footer__navigation-link c-link" title="Sponsorships & partnerships" data-track="footer">Sponsorships & partnerships</a> </li> </ul> </div> <div class="l-grid__column-medium-4"> <h6 class="c-heading c-footer__navigation-headline c-heading--subsection-xsmall"> <a href="/en/press-centre" >Press centre</a> </h6> <ul class="c-footer__navigation-list"> </ul> </div> </div> </div> </div> <div class="c-footer__social u-hidden-small-down u-margin-top-l" data-optanoncategory="4"> <a class="c-footer__social-link" href="https://www.youtube.com/user/internetteamagi?feature=results_main" title="YouTube" aria-label="YouTube" target="_blank"><i class="c-icon c-icon--2x c-icon--Youtube2" aria-hidden="true"></i></a> <a class="c-footer__social-link" href="https://www.linkedin.com/company/allianz-global-investors" title="LinkedIn" aria-label="LinkedIn" target="_blank"><i class="c-icon c-icon--2x c-icon--LinkedIn" aria-hidden="true"></i></a> </div> <div class="c-footer__tagline u-hidden-small-down l-container"> <div class="u-text-align-center c-copy t-grey-tone-3 agi-rte u-margin-top-l"> <h5><span class="font12" style="font-size: 13px;"><span class="font14"><span class="font16">Allianz Global Investors is comprised of the <a href="/en/affiliates">AllianzGI Affiliated Entities</a> worldwide. Product availability will vary by jurisdiction.</span></span></span></h5> </div> </div> <hr class="c-divider c-divider--compact c-footer__divider" aria-hidden="true" /> <div class="c-footer__service"> <div class="l-grid__row c-footer__logo"> <div class="l-grid__column-12" tabindex="0"> <figure class="c-image "> <img class="c-image__img" alt="useful description of image if informative and not decoration only." src="" /> </figure> </div> </div> <div class="c-footer__legal"> <a href="/en/credits" class="c-footer__legal-link c-link" data-track="footer" >Credits</a><a href="/en/privacy-principles/website" class="c-footer__legal-link c-link" data-track="footer" >Privacy Principles</a><a href="/en/terms-of-use" class="c-footer__legal-link c-link" data-track="footer" >Terms Of Use</a><a href="/en/ariba" class="c-footer__legal-link c-link" data-track="footer" >Ariba Network</a><a href="/en/sitemap" class="c-footer__legal-link c-link" data-track="footer" >Sitemap</a> </div> <div class="c-footer__copyright"> <small class="c-copyright">© Allianz Global Investors GmbH 2025. All Rights Reserved.</small> </div> <div class="c-footer__social u-hidden-medium-up"> <a class="c-footer__social-link" href="https://www.youtube.com/user/internetteamagi?feature=results_main" title="YouTube" aria-label="YouTube" target="_blank"><i class="c-icon c-icon--2x c-icon--Youtube2" aria-hidden="true"></i></a> <a class="c-footer__social-link" href="https://www.linkedin.com/company/allianz-global-investors" title="LinkedIn" aria-label="LinkedIn" target="_blank"><i class="c-icon c-icon--2x c-icon--LinkedIn" aria-hidden="true"></i></a> </div> <div class="c-footer__tagline u-hidden-medium-up"> <div class="u-text-align-center c-copy t-grey-tone-3"> <h5><span class="font12" style="font-size: 13px;"><span class="font14"><span class="font16">Allianz Global Investors is comprised of the <a href="/en/affiliates">AllianzGI Affiliated Entities</a> worldwide. Product availability will vary by jurisdiction.</span></span></span></h5> </div> </div> </div> <section class="component footer-disclosure-content"> <div class="l-container"> <div class="l-grid__row"> <div class="l-grid__column-12 c-copy c-copy--small t-grey-tone-3"> <p> </p> </div> </div> </div> </section> <a class="c-button-crc c-icon c-icon--arrow-up c-button--link back-to-top"></a> </div> </footer> </div> <div class="spinner-wrapper"> <div class="lds-spinner"> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> <div></div> </div> </div> <div id="agi-global-overlay-modal" class="component agi-overlay-modal modal fade c-overlay js-overlay" tabindex="0" role="region" data-backdrop="static" data-keyboard="true"> <div class="c-overlay__dialog" role="alertdialog" aria-describedby="globalModalContentId" aria-modal="true" aria-label="modal body"> <span class="c-overlay__close c-icon c-icon--close c-icon--s" data-dismiss="modal" aria-label="Close"></span> <div class="c-overlay__body" id="globalModalContentId"> <div class="l-grid l-grid--no-gutters"> <div class="l-grid__row"> <div class="l-grid__column-12 u-padding-none"> <h3 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light"> <span class="modal-title">Allianz Global Investors</span> </h3> <div class="modal-body c-copy u-text-center u-margin-bottom-5xs"></div> </div> </div> </div> <div class="l-grid__row modal-footer hide"> <div class="l-grid__column-12 u-text-center" data-dismiss="modal"> <button type="button" class="btn-continue c-button c-button--secondary c-overlay__button">Continue</button> <button type="button" class="btn btn-default btn-default-modal c-button c-overlay__button" data-dismiss="modal">Stay Here</button> </div> </div> </div> </div> </div> <div id="externalLinkOverlay" class="c-overlay js-overlay" tabindex="0" role="region" aria-label="External Links Alert"> <div class="c-overlay__dialog" role="alertdialog" aria-describedby="externalLinkModalContentId" aria-modal="true" aria-label="modal body"> <span class="c-overlay__close c-icon c-icon--close c-icon--s" data-dismiss="modal" aria-label="Close"></span> <div id="externalLinkModalContentId" class="c-overlay__body"> <div class="l-grid l-grid--no-gutters"> <div class="l-grid__row"> <div class="l-grid__column-12 u-padding-none"> <h3 class="c-heading u-text-center u-margin-bottom-xs u-text-weight-light"> Allianz Global Investors </h3> <div class="c-copy u-text-center u-margin-bottom-5xs title-pre-text-rebrand"> You are leaving this website and being re-directed to the below website. This does not imply any approval or endorsement of the information by Allianz Global Investors Asia Pacific Limited contained in the redirected website nor does Allianz Global Investors Asia Pacific Limited accept any responsibility or liability in connection with this hyperlink and the information contained herein. Please keep in mind that the redirected website may contain funds and strategies not authorized for offering to the public in your jurisdiction. Besides, please also take note on the redirected website’s terms and conditions, privacy and security policies, or other legal information. By clicking “Continue”, you confirm you acknowledge the details mentioned above and would like to continue accessing the redirected website. Please click “Stay here” if you have any concerns. </div> <p class="c-copy u-text-center"> <span class="domain"></span> </p> </div> </div> <div class="l-grid__row"> <div class="l-grid__column-12 u-text-center" data-dismiss="modal"> <button role="button" class="c-button c-button--secondary c-overlay__button">Stay Here</button> <button role="button" href="#" title="Continue" class="c-button c-overlay__button btn-overlay-close btn-submit">Continue</button> </div> </div> </div> </div> </div> </div> <script>var domainValues = "https://www.allianzgi.com;https://www.allianzglobalinvestors.de;www.allianzglobalinvestors.de;http://www.allianzglobalinvestors.de;https://academy.allianzgi.com;allianzgi.com;;www.allianzgi.com"</script> <div class="l-container agi-overlay-modal modal" id="agi-twitter-overlay" tabindex="-1" role="dialog" data-backdrop="static" data-keyboard="false" data-showmodal="true" data-region="true"> <div id="twitterOverlay" class="c-overlay js-overlay" tabindex="0" role="region" aria-label="Twitter Cookie Preference"> <div class="c-overlay__dialog" role="alertdialog" aria-describedby="twitterModalContentId" aria-modal="true" aria-label="modal body"> <span class="c-overlay__close c-icon c-icon--close c-icon--s" data-dismiss="modal" aria-label="Close"></span> <div id="twitterModalContentId" class="c-overlay__body"> <h4 class="component-title u-text-align-center c-heading c-agi-tile__headline c-heading--link-black"> External Twitter Content </h4> <p class="desc c-copy c-agi-tile__text u-text-align-center agi-rte"> This Twitter component is loaded through Twitter . Google is collecting information about your interaction with this Twitter by using cookies and may use this for targeting their offers. Please accept cookies in order to show the video. </p> <button class="c-button optanon-toggle-display" data-component-id="root/parsys/wrapper/wrapper/onetrust_cookie_sett"> Manage My Cookie Preferences </button> </div> </div> </div> </div><div class="l-container agi-overlay-modal modal" id="agi-rememberme-overlay" tabindex="-1" role="dialog" data-backdrop="static" data-keyboard="false" data-showmodal="true" data-region="true"> <div id="rememberMeOverlay" class="c-overlay js-overlay" tabindex="0" role="region" aria-label="Remember Me Cookie Preference"> <div class="c-overlay__dialog" role="alertdialog" aria-describedby="rememberMeModalContentId" aria-modal="true" aria-label="modal body"> <span class="c-overlay__close c-icon c-icon--close c-icon--s" data-dismiss="modal" aria-label="Close"></span> <div id="rememberMeModalContentId" class="c-overlay__body"> <h4 class="component-title u-text-align-center c-heading c-agi-tile__headline c-heading--link-black"> Remember Me Cookie Dependent Disclosure </h4> <p class="desc c-copy c-agi-tile__text u-text-align-center agi-rte"> This Twitter component is loaded through Twitter . Google is collecting information about your interaction with this Twitter by using cookies and may use this for targeting their offers. Please accept cookies in order to show the video. </p> <button class="c-button optanon-toggle-display" data-component-id="root/parsys/wrapper/wrapper/onetrust_cookie_sett"> Manage My Cookie Preferences </button> </div> </div> </div> </div> <script src="/assets/js/vendor.bundle.js?v=5c886dab2e032bd759f69504967018f3" defer></script> <script src="/assets/js/application.js?v=a5ef5815eeaf47aea2bf2582c854eb32" defer></script> <script type="text/javascript" src="//sadmin.brightcove.com/js/BrightcoveExperiences.js" defer></script> </body> </html>