Chinese shares to buy as consumers get richer: UBS
Joggers in Shanghai, China, on April 10, 2021.
Qilai Shen | Bloomberg | Getty Images
China’s rich young people and wealthy older consumers present a raft of new opportunities for investors —especially in the tech and health care sectors, according to analysts at UBS.
The investment firm picked a number of stocks that tap into the current and future needs of each generation, and said the over-60s have “unprecedented wealth,” in a research note published this month.
Meanwhile, well-educated younger people have more money than their peers in other countries and are behind a boost in spending on tech platforms.
Here are a dozen of the bank’s stock picks:
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