ab 27 January 2026 Global Research China Equity Strategy The top 10 questions about the A-share market Equity Strategy China Lei Meng Strategist lei.meng@ubs.com +86-21-3866 8939 Yu Sheng Strategist S1460524080001 yu.sheng@ubs.com +86-21-3866 4873 James Wang Strategist james-zb.wang@ubs.com +852-3712 2557 Tommy Tang, CFA Strategist tommy.tang@ubs.com +852-2971 8357 Robin Xu Analyst S1460511010012 bin.xu@ubs.com +86-21-3866 8872 1. Can overall A-share earnings growth accelerate in 2026? Optimism looks set to ...

January 14, 2026 08:20 AM GMT China Brokers | Asia Pacific Our Take On Raising Margin Ratio Key Takeaways … Rather than fueled by excess leverage, we think rising ADT is more a result of strong household financial asset growth, inflows to various institutional investors, and positive sentiment. Our outlook for broker business remains intact and constructive: despite high ADT at start of the year, our full-year expectation is Rmb1.77tn ADT, +4.9% YoY, which should be adequate to support a rebound in fundrais ...