Reported about 1 year ago
Goldman Sachs recently pointed out that the recent pullback in Chinese concept stocks from the end of April to mid-May was a healthy adjustment. The focus now shifts to the upcoming third plenary session of the twentieth CPC Central Committee and the Central Political Bureau meeting in July. If strong policies are continued, along with improved corporate earnings and valuation adjustments, Chinese concept stocks are expected to rise again, with a preference for mainland stocks over Hong Kong stocks. Despite post-Dragon Boat Festival declines in the Shanghai, Shenzhen, and Hang Seng indices on June 11, recent reports from various institutions, including Goldman Sachs, remain positive on Chinese stocks, expecting further revaluation and upside potential.
Source: YAHOO