Morgan Stanley's Gao Haofeng: China's AI ecosystem contains trillions of dollars in incremental opportunities.

date
17/06/2026
On June 17th, Morgan Stanley's Chief Executive Officer and Global Co-Head of Equities, Hao Feng, said at the Lujiazui Forum that global investors' interest in the Chinese market is becoming increasingly strong. China is the only market, apart from the United States, with an independent and comprehensive AI ecosystem, which is continuously evolving. From semiconductor localization, to data centers and cloud service providers, to large language models, and to applicationsincluding digital and physical applications, such as humanoid robotsall are developing. Hao Feng revealed that in his communication with many companies in China, he found that hundreds of companies are participating in the innovation and construction of this AI ecosystem, with each one having the potential to create significant value. He estimates that the entire ecosystem has the potential to create an incremental market value of $3 trillion to $4 trillion.