Goldman Sachs turn more positive on China – upgrades offshore stocks to overweight

Goldman Sachs is forecasting a better 2022 for Chinese equities. 

  • Onshore and offshore stocks will return 16% and 13% in the next 12 months
  • upgraded offshore stocks to overweight after lowering them to market-weight in July
Info comes via a note referred to via Bloomberg (may be gated)  
  • “We believe modest policy easing to soften domestic macro stresses and to ensure stability ahead of the 20th Party Congress will be the catalyst for a re-rating of Chinese stocks” 

The Chinese Communist Party will hold its 20th National Party Congress in October of 2022. 

Goldman Sachs is forecasting a better 2022 for Chinese equities. 
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