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Goldman Sachs announced an increase! "The Shanghai and Shenzhen 300 target is 4100 points"
Author: Zan Xiuli
China Securities Journal and China Securities Taurus reporter learned from Goldman Sachs on May 20 that Goldman Sachs 'latest report released on May 20 showed that the 12-month target for the MSCI China Index was raised from 60 to 70; the 12-month target for the Shanghai and Shenzhen 300 Index was raised from 3900 points to 4100 points.
Previously, the latest research report released by BNP Paribas mentioned that China's determination to support economic growth and promote reforms cannot be underestimated. Taking comprehensive considerations, the outlook for the MSCI China Index will be raised from a benchmark scenario to a bullish scenario.
With China's recent economic growth exceeding market expectations and the implementation of the new "National Nine Issues", many foreign-funded institutions, including Fidelity International, have expressed optimism about A-shares. At the same time, quarterly data disclosed by listed companies shows that QFII (Qualified Foreign Institutional Investors) appears in the list of the top ten tradable shareholders of many companies, and the trend of increasing holdings is obvious.
At the same time, northbound funds have also recently attracted a large net inflow into A shares. According to statistics, as of May 20, the cumulative net inflow of funds to the north this year has exceeded the total net inflow of funds to the north for the whole year of 2023.
Zhang Lan, general manager of Schroeder Fund Management (China) Co., Ltd., recently stated that continuing to optimize and improve cross-border investment processes and mechanisms, reduce transaction costs, and improve capital flow efficiency will help attract more long-term capital into the Chinese market.
"China's level of openness to cross-border direct investment has continued to improve in recent years. Efforts to create a market-oriented and international business environment will attract more foreign investment to China to show business." Lubermai Fund said it looks forward to bringing the group's high-quality financial instruments with asset allocation advantages and tested in the international market to Chinese investors as soon as possible.