UBS: Raise A-share profit forecast to 11%, highlighting the global attractiveness of Chinese assets.

"We have revised our forecast for the year-on-year growth of all A-share profits in 2026 from the previous 8% to 11%," said Meng Lei, a stock strategy analyst at UBS Securities, at a media briefing held on May 11th. From a global perspective, the international market's interest in Chinese assets is continuing to rise. Dongming Fang, head of UBS's global financial markets department in China, pointed out that in the context of increasing global uncertainty and significant geopolitical volatility, the resilience and low correlation of Chinese assets are increasingly highlighted as attractive qualities. He emphasized that China's capital market has a complete industrial chain and a diversified energy structure, which has demonstrated its advantages in low correlation and risk diversification this year, leading more institutional investors to refer to it as a "safe haven" for global assets. Fang introduced that international investors are currently highly focused on three main areas: AI innovation and the high-tech industry, the overseas expansion and globalization of high-quality Chinese companies, and new opportunities brought by the "anti-internal competition" trend.