UBS Hu Zhizhi, President of the Group’s China Division, stated, “UBS expects earnings growth for the MSCI China Index to reach 14% or higher in 2026, with momentum primarily driven by internet platforms, high-end manufacturing, and overseas-expanding enterprises with global expansion capabilities.”Looking ahead to 2026, Hu Zhizhi believes that the foundation for the continued momentum of Hong Kong IPOs remains in place; Chinese assets have not entered an “overheated” phase, and technological innovation and the AI industry have become core growth drivers.”