On March 12th, as Chinese technology companies make a series of significant breakthroughs in fields such as artificial intelligence, more and more foreign institutions are focusing on the Chinese market. Recently, Citigroup upgraded its rating on Chinese stocks to ‘increase holdings’, expressing optimism about the strength of China’s technology industry and admitting that’ the Chinese stock market is quite attractive ‘. This is a microcosm of recent foreign institutions’ bullish views on the Chinese stock market. Since the beginning of this year, Goldman Sachs, Fidelity International, Morgan Stanley, HSBC and others have spoken out intensively, maintaining optimism about the Chinese stock market. The latest report from Goldman Sachs shows that the Chinese government has released clear signals of stable growth, demonstrating a low tolerance for systemic risks and specific support measures for the stock market, which are crucial for anchoring China’s economic growth expectations and controlling policy risk premiums, and are beneficial for the return prospects of Chinese stocks. (Securities Times)
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