Value investing
2 Insights with Topic: Value investing
Since peaking at the end of the second quarter, China’s mainland stock market has experienced a meaningful pullback, with the CSI 300 Index declining 11.7% in Q3 while our Premia Bedrock Economy held up well and gained 10.5% during the quarter. By the end of October, onshore equities had officially entered ‘bear market’ territory, as enthusiasm toward technology stocks in the AI theme cooled and concerns emerged over a protracted slump in consumer confidence, as well as intense competition among Chinese producers putting the pinch on profitability. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, discusses the factor performance in the onshore A shares market in Q3 2026, and why the steep valuation reset would open up attractive window for allocators.
Nov 03, 2026
Onshore Chinese stocks rallied in Q2, as geopolitical anxieties gave way to greater optimism—along with falling energy prices—and AI exuberance continued to support stocks in the global hardware supply chain. Beneath the broad market gains, however, it was a ‘tale of two economies’, as optimism toward tech balanced out a less sanguine view of China’s domestic economy. In this article, Dr. Phillip Wool, Global Head of Research of Rayliant Global Advisors, discusses the macro and factor-level influences of China A share performance in Q2 2026, and given the diversified nature of China’s broad market, it offers a relatively attractive profile for investors in longer-term growth for not only hard tech but broader new economy growth opportunities.
Aug 06, 2026