---
title: "UBS's He Liyan: Marginal improvement in foreign capital sentiment, incremental funds are expected"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273900704.md"
description: "UBS Global Financial Markets Trading Head He Liyan stated that international capital's attention to the Chinese market has significantly rebounded, with foreign investor sentiment shifting from wait-and-see to cautiously optimistic. The underweight of overseas investors in the Chinese market has narrowed from about 2.5% to approximately 1.3%. UBS expects the Chinese stock market to rise by about 18% in 2026, with earnings growth of around 10%. Areas of technological innovation such as robotics, artificial intelligence, new energy vehicles, and biotechnology will attract attention"
datetime: "2026-01-27T22:39:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273900704.md)
  - [en](https://longbridge.com/en/news/273900704.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273900704.md)
---

# UBS's He Liyan: Marginal improvement in foreign capital sentiment, incremental funds are expected

International capital's attention to the Chinese market has significantly rebounded. Last year, the underweight of foreign investors in the Chinese market narrowed from about 2.5% to approximately 1.3%, reducing the underweight by about 1.2 percentage points. Neil Hosie, head of UBS Global Financial Markets Trading, recently stated in an interview: "If foreign capital further reduces the underweight, it will mean considerable potential capital inflows." Hosie noted that foreign investor sentiment is shifting from a previous wait-and-see attitude to "cautiously optimistic." In his view, the valuation advantage of the Chinese market is becoming more prominent, corporate governance continues to improve, and the momentum for technological innovation is constantly strengthening. Coupled with the rising demand for diversified allocation from global investors, the entry window for allocation-type funds is expected to gradually open. UBS predicts that the Chinese stock market will see an annual increase of about 18% in 2026, with profit growth of about 10%. Sectors such as robotics, artificial intelligence, new energy vehicles, and biotechnology are the most 关注. (China Securities Journal)

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