Group 1 - UBS Wealth Management's Director of Investment Office for Greater China, Li Zhiying, projects the MSCI China Index to rise from approximately 80 points to 100 points next year, anticipating a double-digit increase in Hong Kong stocks due to the significant proportion of Chinese stocks [1] - The estimated growth in Chinese corporate earnings for this year is only 2%, but a 13% year-on-year increase is expected next year, driven by the absence of price wars in the food delivery sector [1] - Technology companies are projected to see a 37% year-on-year increase in earnings, with domestic CPU supply expected to rise from 27% currently to 50% by 2027, benefiting the growth of technology firms [1] Group 2 - Investment in the stock market by insurance companies is highlighted as a significant factor for market performance [1] - Despite a positive outlook for the stock market, UBS Wealth Management anticipates 2026 to be a volatile year, with risks including potential AI bubbles, inflation resurgence, economic slowdown, global debt crises, and escalating US-China tensions [1] - Li Zhiying advises investors to diversify their portfolios, recommending at least 5% in gold, 20-25% in private equity and bonds, and a stock-bond allocation of 60% and 40% within the remaining 70-75% [1]