Investing In China Onshore

UBS maintains a constructive, selective outlook on China assets, favoring offshore equities, high-dividend stocks, and high-grade credit bonds. Macroeconomic growth remains uneven, prompting a focus on defensive and growth-oriented segments.

Key Takeaways

• 1.Macro data in China remains mixed, with strength in exports and tech offset by weak consumption and investment.
• 2.The firm favors growth and defensive segments, maintaining an Attractive view on offshore Chinese equities and onshore high-dividend stocks.
• 3.China government bonds are rated Neutral, with yields expected to remain range-bound.

Table of Contents

• Selective strength beneath a soft domestic backdrop
• Our view
• Offshore China equities: Attractive
• A-share dividend stocks: Attractive
• China government bonds: Neutral
• Onshore high grade credit bonds: Attractive
• Appendix
• Required Disclosures
• Company/Country Disclosures
• Contact
• Producers, disseminators and their competent authorities
• Frequency of updates
• Equity selection system
• Global asset class preferences definitions
• Statement of Risk
• Risk information

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