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Jinse Finance reported that on December 10, 2025, the UBS Wealth Management Chief Investment Office (CIO) mentioned in its "2026 Annual Outlook" report that a favorable economic environment will support equities, and it is expected that global stocks will have an upside potential of about 15% by the end of 2026. Robust economic growth in the United States, along with accommodative fiscal and monetary policies, will benefit the technology, utilities, healthcare, and banking sectors. Stock markets in the United States, China, Japan, and Europe are expected to rise. Among them, AI and technology will continue to be key drivers of global equity gains. Strong capital expenditure and rapid adoption will further provide support in 2026, but investors should also be mindful of bubble risks. In a diversified equity portfolio, it is recommended to allocate up to 30% of positions to structural trends such as AI, longevity economy, and electricity and resources. UBS also specifically emphasized that the Chinese technology sector is one of the most important opportunities globally. Ample liquidity, inflows of retail funds, and corporate earnings growth in 2026 that could reach as high as 37% will support the momentum of Chinese equities. Investors seeking diversification can also capture this growth theme by deploying in Asian stock markets (especially India and Singapore) or emerging markets.