There is roughly 10% upside for the MSCI China Index over the next 3-6 months, which comes from 7% profit growth and a certain degree of valuation improvement, Wang Zonghao, head of China equity strategy research at UBS Investment Bank, said.The nation-owned bank and utilities sectors are good choices for defensive stock, Wang added. The internet industry is UBS' industry top pick, especially Hong Kong internet companies had greatly improved their dividend.Related NewsBofAS Maintains Buy Rating on HKEX; IPOs and BABA-W Added to Southbound Trading Slightly Positive for Turnover