"We view Alibaba as one of the best ways to play China's secular consumption upgrade and technology reinvention," said Fawne Jiang, an analyst at corporate and investment firm The Benchmark Co, citing its full value chain and self-reinforcing ecosystem as key edges.

"We are seeing this powerful, secular force driving Alibaba revenue and shares, especially the population from lower-tier cities, which are just opening up," said Hari Srinivasan, senior research analyst at Neuberger Berman.

Junjie Watkins, equity partner at Pictet Group and CEO of Asia, excluding Japan, at Pictet Asset Management, said Pictet is particularly upbeat about the secular growth potential in China's environmental sectors given the country's commitment to net zero, and will continue to provide new offerings that capture the abundant opportunities from China's green-themed investment landscape.

Junjie Watkins, equity partner at Pictet Group and CEO of Asia excluding Japan at Pictet Asset Management, said the Swiss firm is upbeat about the secular growth potential in China's environmental sectors given the country's commitment to net zero.

These sectors offer exposure to global reflation, without the secular and environment-related headwinds that weigh on other cyclical sectors like banks and energy.

As elsewhere, alternative assets which offer consistent returns based on secular growth trends are also attracting attention.

However, certain factors have remained unchanged, such as the continued growth of healthcare spending in China fueled by the country's aging population, expanding middle-income group, and increasing demand for high-quality healthcare services, all of which will help make healthcare a unique secular investment opportunity.

Watkins said Pictet is particularly upbeat about the secular growth potential in China's environmental sectors given the country's commitment to net zero and will continue to provide new offerings that capture the abundant opportunities from China's environment investment landscape.