UBS King Wang Zonghao: Remains optimistic about H shares and the overall Chinese stock market.
UBS Investment Bank's head of Chinese stock strategy research, Wang Zonghao, believes that the Hong Kong market will face some pressure in the short term as competition from industries such as food delivery may lead to downward revisions in profit forecasts. However, with the momentum of "anti-indoctrination" rising and policy changes seemingly on the horizon, the attractiveness of valuations compared to other domestic assets and global stock markets will continue to attract inflows of funds from the south and internationally, maintaining an optimistic view on H-shares and the overall Chinese stock market.
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