J P M O R G A N 8 Asia Pacific Equity Research 05 October 2026 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Healthcare Are rates impacting stock valuations? Assessing sensitivities With global interest rates, especially 10-year and 30-year treasury ...