China Conversations: AI momentum and policy tailwinds into 2026

About this episode

The episode discusses the strong momentum of Chinese equities entering 2026, driven by policy tailwinds and a shift towards domestic consumption amidst ongoing market developments.

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer , where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts Chinese equities are entering 2026 on a strong footing, with policy tailwinds from the upcoming Five-Year Plan expected to sustain momentum despite recent consolidation. While tech-led rallies have dominated, attention is shifting toward domestic consumption as policymakers prioritise demand-side reforms—a potential turnaround for lagging consumer sectors if stimulus materialises. Meanwhile, ongoing concerns over stretched valuations in US tech and AI names underscore the case for diversifying into non-US markets, such as China and Japan. Structural drivers, including a weaker U.S. dollar and gradual yuan appreciation, add to the appeal. On commodities, strong fundamentals and AI-driven demand for industrial metals signal further upside, building on this year’s broad-based rally in materials. This episode is presented by Richard Tang, Head…

People in this episode

Host: Richard Tang

Guest: Hong Hao

Topics covered

• AI momentum
• Chinese equities
• policy tailwinds
• domestic consumption
• market developments
• commodities
• industrial metals

Keywords

• China
• AI
• Five-Year Plan
• domestic consumption
• US tech
• commodities
• industrial metals
• market analysis
• Julius Baer

Mentioned in this episode

Organizations: Julius Baer, Lotus Asset Management Ltd

Places: China, Japan, Hong Kong

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