Chinese Equities Head Toward Slow Bull Market, GS Says -- Market Talk

Dow Jones

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0416 GMT - Chinese equities might be heading toward a slow bull market after positive returns in 2024 and 2025, Goldman Sachs analysts say in a research note. Returns for both A and H shares so far have exceeded GS's previous forecasts. GS expects the bull run to continue, albeit at a slower pace, adding that Chinese stocks could rise 38% by the end of 2027. China's better-than-expected GDP growth has likely outweighed Beijing's lukewarm policy response for equity prices, as reflected by the outperformance of listed exporters over consumption equities, they note. China's tech stocks, which have rallied since the DeepSeek breakthrough, still look inexpensive compared with their American peers, GS notes, considering China's potential upside in capex spend and its focus on AI monetization with adoption across industries. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

December 21, 2025 23:16 ET (04:16 GMT)

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Returns for both A and H shares so far have exceeded GS's previous forecasts. GS expects the bull run to continue, albeit at a slower pace, adding that Chinese stocks could rise 38% by the end of 2027. China's better-than-expected GDP growth has likely outweighed Beijing's lukewarm policy response for equity prices, as reflected by the outperformance of listed exporters over consumption equities, they note. China's tech stocks, which have rallied since the DeepSeek breakthrough, still look inexpensive compared with their American peers, GS notes, considering China's potential upside in capex spend and its focus on AI monetization with adoption across industries. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 21, 2025 23:16 ET (04:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2593103281","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593103281","pubTimestamp":1766376960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0416 GMT - Chinese equities might be heading toward a slow bull market after positive returns in 2024 and 2025, Goldman Sachs analysts say in a research note. Returns for both A and H shares so far have exceeded GS's previous forecasts. GS expects the bull run to continue, albeit at a slower pace, adding that Chinese stocks could rise 38% by the end of 2027. China's better-than-expected GDP growth has likely outweighed Beijing's lukewarm policy response for equity prices, as reflected by the outperformance of listed exporters over consumption equities, they note. China's tech stocks, which have rallied since the DeepSeek breakthrough, still look inexpensive compared with their American peers, GS notes, considering China's potential upside in capex spend and its focus on AI monetization with adoption across industries. 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Returns for both A and H shares so far have exceeded GS's previous forecasts. GS expects the bull run to continue, albeit at a slower pace, adding that Chinese stocks could rise 38% by the end of 2027. China's better-than-expected GDP growth has likely outweighed Beijing's lukewarm policy response for equity prices, as reflected by the outperformance of listed exporters over consumption equities, they note. China's tech stocks, which have rallied since the DeepSeek breakthrough, still look inexpensive compared with their American peers, GS notes, considering China's potential upside in capex spend and its focus on AI monetization with adoption across industries. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 21, 2025 23:16 ET (04:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}