Goldman Sachs Recommends Buying Chinese Stocks on Dips, Citing Resilient Corporate Earnings

Deep News
Oct 23

Goldman Sachs stated that the earnings levels of Chinese companies and their global revenue sources remain stable, suggesting that the recent market pullback could present a potential buying opportunity. Si Fu, a strategist for Goldman Sachs’ China investment portfolio, mentioned in a media interview on Thursday, “The core driver of the market will still be earnings growth. We recommend investors to buy on dips, as market volatility provides you with an opportunity to get in.” Goldman Sachs noted that retail investors in China hold “great potential” for the stock market, but the shift in investment habits may take “several years.” The increased participation of retail investors and the possible introduction of more supportive policies may boost market sentiment.

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