UBS Global Wealth Management's Chief Investment Office (CIO) expressed an institutional view on April 2, stating that China's power and resources sectors are poised to enter a multi-year growth cycle, driven by policy support, structural demand growth, and overseas expansion. UBS indicated that investments in grid infrastructure and renewable energy will see a significant increase during the "15th Five-Year Plan" period. Additionally, rising loads from AI data centers and accelerated electrification are reshaping the structure of power demand. From 2026 to 2030, China's power demand growth rate may be notably higher than in previous years, with UBS forecasting an average annual compound growth rate of 6% to 7%. Chinese companies possess advantages in cost and technology, particularly in renewable energy and energy storage, and are expanding their global operations. This has resulted in a comprehensive industrial chain layout spanning from upstream materials and grid infrastructure to downstream power, renewable energy, and energy storage equipment. UBS had previously mentioned that opportunities are emerging to increase holdings in high-quality Chinese AI-related stocks. Current valuations are attractive, with the forward 12-month price-to-earnings ratio for China's internet sector at around 13 times, having retreated to levels seen at the beginning of the AI boom. This does not yet fully reflect the investments made by companies in the AI field over the past year or their potential monetization capabilities. The bank projects that MSCI China corporate earnings will grow by approximately 13% in 2026, with the technology sector's earnings growth expected to reach 20% to 25%.