At UBS’s China A-share seminar, Fang Dongming, head of UBS Global Financial Markets China, said the A-share market is entering a new phase of repair and revaluation as risks abate, policy expectations improve and earnings trends turn positive. He flagged scope for additional incremental policy measures in H2. Strategic tech—notably AI—alongside consumption and property are likely to receive more policy support. Innovation and high-end manufacturing are reshaping China’s external trade narrative,

At UBS’s China A-share seminar, Fang Dongming, head of UBS Global Financial Markets China, said the A-share market is entering a new phase of repair and revaluation as risks abate, policy expectations improve and earnings trends turn positive. He flagged scope for additional incremental policy measures in H2. Strategic tech—notably AI—alongside consumption and property are likely to receive more policy support. Innovation and high-end manufacturing are reshaping China’s external trade narrative, with the AI supply chain already a material driver of import‑export growth. Targeted R&D, model‑architecture advances and open‑source collaboration are making China’s AI industry more cost‑competitive and shifting the global AI competitive landscape.