A‑Shares vs H‑Shares: The essential guide to China’s equity markets

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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