China Q4 Update & 2026 Outlook: Five-Year Plan, Pro-Profit Policy, New Listings
Wednesday, January 21, 2026 10:00 am - 11:00 am EST
Please register below to attend this event
Event Details:
China Q4 Update & 2026 Outlook: Five-Year Plan, Pro-Profit Policy, New Listings Wednesday, January 21, 2026 10:00 am - 11:00 am EST
China’s equity market closed 2025 among the world’s strongest performers,1 led by accelerating momentum in internet platforms, artificial intelligence (AI), and e-commerce—the core engines of KWEB’s investment universe. Many of China’s leading technology and AI companies continue to trade at lower earnings multiples compared to U.S. peers,2 even as profit margins stabilize and earnings momentum improves, which could create a compelling setup as investors look ahead to 2026.
Confidence is also returning to China’s capital markets. A wave of high-profile Hong Kong IPO filings—including Baidu’s Kunlun chip unit, Biren Technology, Minimax, and Zhipu— highlights the depth of China’s AI and semiconductor pipeline and could help re-ignite investor enthusiasm. At the policy level, statements from the draft of the upcoming 15th Five-Year Plan reinforce China’s commitment to technological leadership, corporate discipline, and domestic consumption. At the same time, easing U.S.–China tensions could reduce headline risk and help support renewed global investor engagement in 2026.
Join KraneShares CIO Brendan Ahern and Head of International Dr. Xiaolin Chen for a focused discussion on where they see the most compelling opportunities—and key risks—across China’s internet and innovation sectors.
In this webinar, we will cover:
- What recent earnings signal for China’s internet and AI leaders
- How policy and capital-markets activity may shape returns
- Where valuations look most attractive for 2026
- Live Q&A with KraneShares’ investment team
Investors can submit questions by emailing [email protected]
1 CFP/CIMA Credit Available
For KWEB standard performance, top 10 holdings, risks, and other fund information, please click here. Holdings are subject to change.
Citation:
- Data from Bloomberg as of 12/31/2025. Based on a comparison between the performance of the FTSE China 50 Index (FTSE China 50 Index: Investors globally use the FTSE China 50 Index to gain exposure to the Chinese market. It is a real-time tradable index comprising 50 of the largest and most liquid Chinese stocks (H Shares, Red Chips and P Chips) listed and trading on the Stock Exchange of Hong Kong (SEHK). The index is specifically designed for international investors, combining the ease of trading on SEHK with a methodology to meet fund regulatory requirements worldwide. The index was launched on April 19, 2001.) and the MSCI All Country World Index (captures large and mid cap representation across 22 of 23 Developed Markets (DM) countries (excluding the US) and 24 Emerging Markets (EM) countries. It was launched on January 1, 2001)
- Data from FactSet as of 12/31/2025. US internet and AI companies are represented by the Dow Jones US Internet Index (The Dow Jones Internet Composite Index is designed to measure the performance of the 40 largest and most actively traded stocks of U.S. companies in the internet industry. To be eligible for the index, a company must derive at least 50% of cash flows from the internet. The index was launched on February 18, 1999.) For China, this is represented by KWEB holdings.
Definitions:
Earnings Multiple: The degree to which a company’s share price is reflective of its earnings per share.
Profit Margin: The difference between the cost of goods and services sold and the price at which a company sells those goods and services.
