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By Xie Fang

Foreign institutional investors had conducted plenty of research on companies listed in China's A-share market last week, with tech firms as their focal point, the Shanghai Securities Journal reported Monday morning.

Inovance Technology, a Shenzhen-based industrial automation product manufacturer, was surveyed by a total of 323 institutional investors last week, which include, among others, the Deutsche Bank, Citigroup Global Markets and JPMorgan Chase & Co.

The company saw a rapid growth in new orders for its general automation products as well as an up to 96 percent year-on-year increase in revenue from its new energy vehicles during the first half of 2018.

Also, Goertek, the world-leading high-precision component manufacturer, grabbed the attention of such foreign institutional investors as Morgan Stanley, Government of Singapore Investment Corp. (GIC) and Credit Suisse last week.

Despite a dramatic decline in its operating revenue during the first half of this year, the company still holds the lion's share in the global micro-electro-mechanical system market with its microphone business, ranking second globally by shipments in 2017.

In another case, the Foxconn Industrial Internet Co., the largest tech company in the A-share market by market capitalization which made the headlines for its IPO in the Shanghai Stock Exchange (SSE) this June, was also surveyed by a number of overseas investment institutions including, among others, Taiwan-based Shin Kong Life Insurance last week.

Thanks to a strong demand in the global telecommunication network industry, the company generated a total of 92 billion yuan (around USD135 million) in revenue by selling its telecommunication network equipment during the first half of 2018.

Apart from the telecommunication network, the company has also made massive investments in such cutting-edge technologies as 5G, high-performance computing as well as cloud storage.