UBS exec: Foreign capital eyes China stock rally, A shares may catch up with H shares

In an exclusive interview with China Perspective, Thomas Fang, head of China global markets at UBS, said global investors are showing greater interest in Chinese financial assets, both A shares and H shares. H shares present themselves as a more attractive alternative to US dollar assets as investors can potentially participate in the upside from both fundamentals and valuations, Fang said. The A-share market, with its depth and breadth and more attractive valuation versus H shares, has the potential to catch up with the performance of the H-share market. "We've been pounding the table that the overall underweight of the China assets would not be sustainable," Fang said.