2026 Market View: China Equities

Dec 04, 2025

Siguo Chen, Portfolio Manager, RBC Asian Equity, summarises the market in 2025 for the asset class, and gives her thoughts for 2026.

  • 2025 started out strong for the China equity market due to DeepSeek momentum before, but this momentum was crashed on Liberation Day.
  • Key 2025 thematics included AI, biotech, energy storage, and precious metals, which are expected to persist into 2026.
  • For 2026, the property sector is projected to bottom gradually, with potential government support if Q4’s downward trend continues; equity markets remain constructive, driven by sector-specific earnings growth despite deflation concerns.


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