China scan is leaning hard on one thing: earnings yield vs bonds. 9 of 10 names have it as a top driver. Book is +6.8% to +9.7%, median conf 72. Not a sector story — it’s a value-plus-illiquidity trad

Want Want China Holdings Limited ($0151.HK) +9.7% conf 72 — consumer defensive, univ 100/sec 100. Earnings yield vs bonds is the anchor, but vol instability and illiquidity are also pushing. New China Life Insurance Company Ltd. ($1336.HK) +9.4% conf 72 — financials, univ 100/sec 100. Stronger earnings yield vs bonds, plus fwd/trail P/E and downside risk. China Taiping Insurance Holdings Company Limited ($0966.HK) +9.0% conf 71 — financials, univ 100/sec 99. Same earnings yield vs bonds driver, but fwd/trail P/E and illiquidity push more. China Coal Energy Company Limited ($1898.HK) +8.9% conf 72 — energy, univ 99/sec 100. Earnings yield vs bonds strongest print, plus fwd/trail P/E and illiquidity. Not a clean energy story. The People's Insurance Company (Group) of China Limited ($1339.HK) +8.1% conf 71 — financials, univ 99/sec 98. Earnings yield vs bonds driver but illiquidity and 60d volatility stand out. Ganfeng Lithium Group Co., Ltd. ($1772.HK) +7.3% conf 72 — basic materials, un

Want Want China Holdings Limited ($0151.HK) +9.7% conf 72 — consumer defensive, univ 100/sec 100. Earnings yield vs bonds is the anchor, but vol instability and illiquidity are also pushing. New China