UBS(US:UBS) Shang Hai Zheng Quan Bao·2026-01-19 18:45Group 1 - The core viewpoint is that China's capital market is rapidly evolving and is expected to become a significant player in global investment, particularly in emerging technologies like AI [2][3] - By 2025, the Chinese technology sector is anticipated to experience a surge in innovation and growth, positioning China as a key market for international capital diversification [3][4] - UBS has seen a dramatic increase in trading volume, growing over 30 times from 2019 to 2025, indicating a significant leap in the scale of China's capital market [4][5] Group 2 - The MSCI China Index is currently trading at a price-to-earnings ratio of approximately 13 times, which is slightly above its ten-year average, suggesting it is undervalued compared to other emerging markets [5][6] - The integration of AI technology into traditional industries is seen as a major driver of economic growth in China, with significant potential yet to be realized [6][7] - UBS predicts that the Hong Kong IPO market will lead globally in fundraising in 2025, with expectations of raising over 300 billion HKD and listing between 150 to 200 companies in the first half of 2026 [6][7] Group 3 - UBS aims to deepen its integrated service model and enhance its offerings to meet diverse client needs, focusing on providing comprehensive financial services [7][8] - The company plans to leverage its global network to assist Chinese enterprises in expanding internationally, facilitating various financing needs such as IPOs and cross-border mergers [7][8] - UBS has established itself as a key player in the Chinese market, being the first foreign-invested full-licensed securities firm, which strengthens its role in supporting technological innovation [8]