---
title: "\"Analysis Report\" from UBS: Bullish on Chinese stock market next year, favoring internet stocks, recommending 20 \"high-quality market leaders\" stocks."
description: "The outlook for the Chinese stock market next year is optimistic. UBS predicts that China's economic growth will slow to 4.4% next year, but factors such as low stock market valuations, low investor p"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/102781820.md"
published_at: "2023-11-20T07:47:32.000Z"
---

# "Analysis Report" from UBS: Bullish on Chinese stock market next year, favoring internet stocks, recommending 20 "high-quality market leaders" stocks.

> The outlook for the Chinese stock market next year is optimistic. UBS predicts that China's economic growth will slow to 4.4% next year, but factors such as low stock market valuations, low investor positions, accelerated policy support, and improved profit momentum will drive the Chinese stock market to rise. UBS also points out that the global environment is favorable for reasonable performance of the Chinese stock market. UBS recommends 20 high-quality market leaders' stocks, including internet companies Tencent, Alibaba, and CLOUD MUSIC. The target for the MSCI China Index next year is projected to be 68 points, with a potential upside of 15%. In addition, UBS also mentions the growth potential of other industries such as education, sports equipment, and food and beverages.

UBS has released a report on the stock market strategy in the Chinese market for next year, estimating that the real GDP growth in China may slow down to 4.4%. The bank believes that the low stock market valuation, low investor positions, accelerated policy support, and improved profit momentum will contribute to a positive outlook for the Chinese stock market. UBS also expects a mild recession in the US economy and a global decline in interest rates, which will further support the prospects of the Chinese stock market. The bank predicts that the global environment in 2024 will also be favorable for the reasonable performance of the Chinese stock market. Overall, driven by a 10% growth in earnings per share and the normalization of price-to-earnings ratio, UBS estimates a target of 68 points for the MSCI China Index next year, with a potential upside of 15%, and expects a 10% increase in earnings for constituent stocks. The bank has added education, sports equipment, and food and beverage industries to its favored sectors, replacing hotels, home appliances, and highways, while the internet sector remains its top choice. UBS also highlights a basket of 20 "quality market leaders," including BYD, Kweichow Moutai, China Merchants Bank, CR Beer, Contemporary Amperex Technology, WuXi AppTec, Haier Smart Home, Tencent, Alibaba, NetEase, China International Travel Service, Huazhu Group, HuiChuan Technology, Hengli Hydraulic, Zijin Mining, Yangtze Power, China Resources Land, Yum China, LONGi Green Energy, and ANTA Sports, all of which are rated as "buy."

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
