Lates News

Investment bank Goldman Sachs has raised its 12-month target points for the MSCI China Index and the Shanghai and Shenzhen 300 Index to 84 points and 4,600 points, respectively (potential double-digit increase). The bank continues to maintain its "overweight" rating for Chinese stocks, preferring sectors driven by domestic demand (internet, services, banking/real estate), and will continue to focus on sectors benefiting from domestic stimulus policies, selected artificial intelligence (AI) related investment targets, emerging market exporters, beneficiaries of local government spending, and themes such as shareholder returns to gain thematic alpha returns.