China Q3 Update: Tech Leads Bull Market, Trade Deal Updates, & New Goals Set In 15th Five-Year Plan

China’s stock market is entering a pivotal period. Policy stimulus, innovation in AI and semiconductors, and improving corporate earnings are fueling renewed optimism, even as investors navigate global trade dynamics and domestic economic shifts. In a major positive for markets, presidents Trump and Xi held a closed-door meeting in South Korea, which resulted in the suspension of multiple tariffs and export controls for one year and the resumption of China’s purchases of US soybeans. Internet and technology stocks have been the clear standouts in China’s equity market in the third quarter, delivering growth through a combination of innovation, government policy support, and investor optimism for AI and domestic chip competitiveness. Tencent posted a 15% revenue jump year-over-year,1 buoyed by strong gaming and artificial intelligence (AI) services growth. While Alibaba’s overall revenue growth was slow due to heightened competition, cloud services revenue grew by double digits. What could be next for China’s equity markets? We believe geopolitical developments will be key to watch, especially the potential sweeping US-China trade deal. Also, China’s 15th Five-Year Plan may help determine which companies and industries continue to be the ultimate winners in the current bull market. To help make sense of this evolving landscape, join KraneShares CIO Brendan Ahern and Head of International Dr. Xiaolin Chen for a timely discussion on strategies, opportunities, and risks in China’s equity markets. In this webinar, we will discuss: Q3 earnings outlook for internet companies Why we believe E-Commerce price wars may have peaked China equity allocation strategies for the remainder of 2025 Comprehensive Q&A