Quant China (MCHI) top 10 is a cheap vs bonds sweep. 6m expected return +6.5% to +9.5%, median conf 72. Earnings yield vs bonds is the top driver in 9 of 10 names. Sector skew: Financials 3, Consumer

Want Want China Holdings Limited $0151.HK leads +9.5%, conf 72, univ 100/sec 100. Yield vs bonds, vol instability, illiquidity—thin tape with a bid. New China Life Insurance Company Ltd. $1336.HK +9.2%, conf 72. Same yield, but fwd/trail P/E and downside risk are the differentiators. China Taiping Insurance Holdings Company Limited $0966.HK +8.7%, conf 71. Yield plus P/E plus illiquidity. The People's Insurance Company (Group) of China Limited $1339.HK +8.4%, conf 71. Yield, illiquidity, 60d vol—less clean but still top decile. China Coal Energy Company Limited $1898.HK +8.3%, conf 72. Yield and P/E bid, but vol instability pushes back. 3SBio Inc. $1530.HK +7.2%, conf 72. Yield, P/E, illiquidity. Trip.com Group Limited $9961.HK +6.8%, conf 72. Yield, P/E, vol instability. Ganfeng Lithium Group Co., Ltd. $1772.HK +6.6%, conf 72. Yield, illiquidity, P/E. Shandong Hualu-Hengsheng Chemical Co., Ltd. $600426.SS +6.5%, conf 71. The one without earnings-yield as a top driver—vol instability,

Want Want China Holdings Limited $0151.HK leads +9.5%, conf 72, univ 100/sec 100. Yield vs bonds, vol instability, illiquidity—thin tape with a bid. New China Life Insurance Company Ltd. $1336.HK +9.2