Skip to main content
Back

Key takeaways from Chinese mainland NPC meeting

13 March 2026

The annual meeting of Chinese mainland’s National People’s Congress (NPC) is concluding this week. The China equity team shares its latest views on key policy developments and analyses the main growth engines supporting high‑quality growth.

In terms of fiscal and monetary policies, the announcement for the Chinese mainland’s 15th Five-Year Plan is largely in line with our expectations. Despite a lower GDP growth target (between 4.5%-5%), the Chinese mainland has been very proactive in rolling out fiscal policies since the beginning of 2026 – e.g., announcing infrastructure projects and consumption programs year-to-date. Also, the Chinese mainland is looking to boost domestic demand, with a keen focus on domestic consumption, technology advancement and advanced manufacturing.

 

Download full PDF

  • Global Multi Asset Diversified Income Strategy (GMADI) update: A balanced approach to market volatility

    Global equity markets have recently experienced sharper movements, particularly in areas linked to artificial intelligence (AI). Earnings announcements from AI hardware, semiconductor and large cloud-computing companies have been key sources of volatility. Concerns about potential interest rate hikes have added to uncertainty. The Global Multi Asset Diversified Income (GMADI) Strategy has not been immune to these market movements. However, its income focus, broad diversification and relatively defensive positioning may help limit the effect of sharp changes in technology and growth-related investments.

    Read more
  • Global Equity Diversified Income (GEDI) Fund: Staying selective through market volatility

    Global equity markets have recently experienced greater volatility. Much of this has been driven by earnings announcements from AI hardware, semiconductor and large cloud-computing companies. Concerns about potential interest rate hikes have also added to investor uncertainty. After a prolonged period of strong performance in AI-related areas, market expectations have become demanding. Even companies reporting solid results have experienced sharp share-price moves when their outlook has only met, rather than exceeded, investor expectations. Against this backdrop, the GEDI Fund remains focused on its core objective: generating income while maintaining diversified exposure to potential capital growth.

    Read more
  • Real assets and the infrastructure behind AI

    Artificial intelligence (AI) is often positioned as a story of models and applications, but its growth depends heavily on something far more tangible. Real assets such as data centres, power grids, and raw materials form the physical that supports AI development. As structural forces reshape the investment landscape, real assets are emerging as an enabler of the AI buildout.

    Read more
See all
  • Global Multi Asset Diversified Income Strategy (GMADI) update: A balanced approach to market volatility

    Global equity markets have recently experienced sharper movements, particularly in areas linked to artificial intelligence (AI). Earnings announcements from AI hardware, semiconductor and large cloud-computing companies have been key sources of volatility. Concerns about potential interest rate hikes have added to uncertainty. The Global Multi Asset Diversified Income (GMADI) Strategy has not been immune to these market movements. However, its income focus, broad diversification and relatively defensive positioning may help limit the effect of sharp changes in technology and growth-related investments.

    Read more
  • Global Equity Diversified Income (GEDI) Fund: Staying selective through market volatility

    Global equity markets have recently experienced greater volatility. Much of this has been driven by earnings announcements from AI hardware, semiconductor and large cloud-computing companies. Concerns about potential interest rate hikes have also added to investor uncertainty. After a prolonged period of strong performance in AI-related areas, market expectations have become demanding. Even companies reporting solid results have experienced sharp share-price moves when their outlook has only met, rather than exceeded, investor expectations. Against this backdrop, the GEDI Fund remains focused on its core objective: generating income while maintaining diversified exposure to potential capital growth.

    Read more
  • Real assets and the infrastructure behind AI

    Artificial intelligence (AI) is often positioned as a story of models and applications, but its growth depends heavily on something far more tangible. Real assets such as data centres, power grids, and raw materials form the physical that supports AI development. As structural forces reshape the investment landscape, real assets are emerging as an enabler of the AI buildout.

    Read more
See all
Important notice

With effect from 2 July 2026, the Customer Service Centre of Manulife Investment Management (Hong Kong) Limited is relocated to 23/F., Manulife Tower, One Bay East, 83 Hoi Bun Road, Kwun Tong, Kowloon.  This centre provides customer services in relation to Manulife InvestChoice Accounts, Manulife Advanced Fund SFC, Manulife Global Fund and Manulife Hong Kong Series.  Please call Customer Contact Centre at 2108 1110 to make an appointment prior to your visit.  

View more