
A‑Shares vs H‑Shares: The essential guide to China’s equity markets
From UBS Global Research Pod Hub by UBS Global Research
May 29, 2026 · 16 min
About this episode
This episode provides an introduction to China's A-share and H-share markets and their valuation differences.
Sunil Tirumalai, Head of Emerging Markets and Asia Equity Strategy, sits down with Lei Meng, China Equity Strategist, for a high-level introduction to China’s onshore A‑share market - and how it differs from offshore H‑shares. They break down why two equity markets exist, and why A‑shares have historically traded at a valuation premium versus H‑shares. *(This information is subject to a disclaimer at the end of this podcast. Please ensure that you listen to the disclaimer and go to www.ubs.com for further information about UBS).
People in this episode
Host: Sunil Tirumalai
Guest: Lei Meng
Topics covered
- China equity markets
- A-shares
- H-shares
- valuation premium
- emerging markets
Keywords
- A-shares
- H-shares
- China equity markets
- valuation premium
- emerging markets
- equity strategy
Mentioned in this episode
Organizations: UBS
Places: China
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