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2025-11-03 09:12:08
Goldman Sachs: China's Stock Market Entering a Growth Phase, A-Shares and H-Shares Could Yield 30% by End of Next Year. Goldman Sachs' China equity strategist, Fu Si, believes that the Chinese stock market is entering a growth phase overall, with three potentially strong profit drivers—AI, anti-involution, and overseas expansion—boosting the earnings prospects of Chinese companies. The bank predicts that the A-share and H-share indices could achieve a potential return of approximately 30% by the end of 2027, driven by a 12% CAGR in profits and a 5% to 10% potential for price-to-earnings ratio expansion. This year, Chinese technology stocks have surged, particularly AI-themed stocks. Fu Si stated that this was mainly due to improved expectations, with valuations rising driven by improved sentiment. Currently, valuations in technology-related sectors remain attractive. Next year, the focus may be more on fundamental improvements, requiring better earnings realization to support valuation increases.
