0204 GMT - The medium-term investment case for China's private companies has improved amid a more supportive economic backdrop and policy drivers, Goldman Sachs analysts say in a research note. China has one of the lowest market concentration ratios with top 10 companies representing 17% of the total listed market cap, compared with 33% in the U.S, they say. China's existing market leaders, including Tencent, Alibaba, and Xiaomi, have the potential to become more dominant in the stock market, they say. These companies embody GS's preferred investment themes of AI development, self-sufficiency, and global expansion, among others. GS analysts expect the 10 stocks, with a total market cap of US$1.6 trillion, to grow their earnings by 13% in the next two years. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

June 15, 2025 22:04 ET (02:04 GMT)

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