ab 5 January 2026 Global Research China A-Share Style Guide 2025 ended with a rally in Growth What is the current investing environment? The explanatory power of macroeconomic drivers continued in December, as the impact of the US two-year spread slightly increased. Pair-wise correlations across the equity market continued to decline while cross-sectional volatility picked up. We think these trends reflect lower price co-movements and more stock opportunities. What is the market valuation? China's A-share m ...

ab 1 December 2025 What is working? Global Research China A-Share Style Guide Low Risk favoured; Growth declined What is the current investing environment? The explanatory power of macroeconomic drivers continued in November, as the impact of the US two-year spread slightly increased while the US 10-year to two-year spread fell. Pair-wise correlations across the equity market continued to decline while cross- sectional volatility also fell. We think these trends reflect lower price co-movements and stock op ...