We’re Bullish on China Equities in 2021, Says UBS’s Fang

The video discusses the potential market impact of the US elections on Chinese assets, predicting no immediate relief rally but a choppy market towards the year's end. A bullish outlook for China equities in 2021 is driven by earnings recovery, especially in financial sectors, due to COVID-19 containment and economic growth. The recovery in China is evident, with increased traffic and busy factories. Non-financial sectors, banks, and real estate may surprise with growth, reflecting in future earnings.

What is the expected market behavior in the near term following the US elections?

• Stable growth

• A significant relief rally

• Choppy consolidation

• Immediate market crash

What is the primary driver for the bullish outlook on China equities in 2021?

• Political changes in the US

• Earnings recovery in financial sectors

• Decrease in global trade

• Increase in foreign investments

Which factor is contributing to the earnings recovery in China?

• Political instability

• Rising unemployment rates

• Solid containment of COVID-19

• Decreasing consumer spending

Which sectors are expected to potentially find a bottom and pick up towards the end of the year?

• Technology and healthcare

• Banks and real estate

• Consumer goods and services

• Energy and utilities

What is the expected impact of the recovery in China on the fourth quarter earnings?

• Delayed impact

• Negative impact

• Positive reflection

• No impact