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<Research>Goldman Optimistic About Corporate Earnings Driving CN Bourse; CSI 300 Potential Increase of 12% This Yr
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With the support of AI and policy measures for corporate earnings, the Chinese stock market was foreseen to chart growth for two consecutive years, albeit at a slower growth rate than last year, as Goldman Sachs analyzed in a report. It estimated that the MSCI China Index will climb by 20% to 100 by the end of this year compared to the end of last year, and the CSI 300 Index will hike 12% to 5,200. Goldman assumed that this year's upswing in the Chinese stock market is almost entirely fueled by corporate earnings. Earnings growth will be supported by AI, overseas expansion, and anti-involution policies, with the expected increase in corporate earnings accelerating from last year's 4% to 14% this and next year. AASTOCKS Financial News Website: www.aastocks.com |
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