UBS sees Chinese going-global groups as good investments

China's companies with going-global strategies are likely to present good investment opportunities and will be one of the major investment themes in the second half of 2016, according to Gao Ting, head of China strategy at UBS Securities.

Sharing his outlook for the second half of 2016 on Wednesday, Gao said: "Generally speaking foreign investments in China and China's investments in other countries are at a similar level, which shows that the size of China's overseas investments is getting greater."

Differing from previous investments of Chinese enterprises that focused on resources and energies, recent programs by private enterprises mainly focus on consumption-driven sectors, such as tourism, which will meet the demands of fast-growing numbers of outbound tourists. They also now emphasize internet-based technologies with a great number of domestic users, according to research data of UBS Securities.