UBS's Dongming Fang Says China's A-Shares Are Entering a New Phase of Recovery and Repricing

According to Jin10, Dongming Fang, China head of UBS Global Financial Markets, said at the 23rd UBS Securities China A-Share Symposium on September 1 that A-shares are entering a new phase of recovery and repricing as risks are gradually released, policy expectations improve, and earnings trends strengthen. He said more incremental policy measures in the second half of the year are worth expecting, and that areas closely tied to strategic technologies such as artificial intelligence, as well as traditional industries including consumer and property, also hope to receive more policy support. Fang said innovation and high-end manufacturing are continuing to reshape China's foreign trade narrative, AI industry chains have become an important driver of China's import and export growth, and China's AI industry chain is reshaping the global AI competition landscape with more competitive cost efficiency through targeted R&D investment, model architecture innovation, and open-source collaboration.