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JPMorgan forecasts the MSCI China Index to rise about 18% by the end of 2026, the CSI 300 Index about 12%, and the MSCI Hong Kong Index up to 18%. The outlook is driven by earnings recovery and Beijing's efforts to curb excess capacity. HSBC Private Bank targets 31,000 for the Hang Seng Index next year, a 22% gain from Tuesday's close.