Goldman Sachs raises its target for Chinese stock indices

Investment bank Goldman Sachs stated that it has raised the 12-month target points for the MSCI China Index and the Shanghai and Shenzhen 300 Index to 84 points and 4,600 points respectively. The bank continues to maintain an "overweight" rating on Chinese stocks, preferring sectors oriented towards domestic demand. It will continue to focus on sectors benefiting from domestic stimulus policies, selected artificial intelligence-related investment targets, emerging market exporters, beneficiaries of local government spending, and themes such as shareholder returns, in order to capture thematic alpha returns.