UBS James Wang on China Equities

The video discusses the current state of the market, highlighting that it peaked in January and is now trading at a discount compared to historical and global standards. Despite weak investor expectations and low policy support, there is optimism due to forecasted EPS growth. The need for policy support is emphasized, especially given rising youth unemployment and deflationary pressures. The video also analyzes consumer and internet sectors, noting their potential for growth. It concludes with insights on SOE reform and sector-specific opportunities, particularly in railways, telecom, and oil and gas.

What are the implications of youth unemployment on market expectations?

What challenges are mentioned regarding the earnings growth forecast?

Which sectors are highlighted as attractive in the context of SOE reform?