Model’s 6m book is +6.5% to +9.1%, median conf 72. Earnings yield vs bonds drives 9 of 10 names—the issue is this is a rates/value call, not growth. Financials 3 of top 6, basic materials 2, consumer

China Taiping Insurance Holdings Company Limited $0966.HK +9.1% conf 72 leads, yield vs bonds + fwd/trail P/E + illiquidity. New China Life Insurance Company Ltd. $1336.HK +8.9% conf 71 nearly the same, but downside risk is the difference. Want Want China Holdings Limited $0151.HK +8.6% conf 72 is the consumer defensive outlier—yield vs bonds, vol instability, illiquidity. Ganfeng Lithium Group Co., Ltd. $1772.HK +8.1% conf 72 top basic materials, yield + illiquidity + fwd/trail P/E. 3SBio Inc. $1530.HK +7.7% conf 72 healthcare—same yield vs bonds, fwd/trail P/E, illiquidity. The People's Insurance Company (Group) of China Limited $1339.HK +7.5% conf 71 third financial, 60d volatility is the different driver. China Coal Energy Company Limited $1898.HK +6.9% conf 72 energy—yield vs bonds still works, but negative vol instability sets it apart. Shandong Hualu-Hengsheng Chemical Co., Ltd. $600426.SS +6.8% conf 71 is the odd one—vol instability, downside risk, fwd/trail P/E. Vipshop Holdin

China Taiping Insurance Holdings Company Limited $0966.HK +9.1% conf 72 leads, yield vs bonds + fwd/trail P/E + illiquidity. New China Life Insurance Company Ltd. $1336.HK +8.9% conf 71 nearly the sam