Goldman bearish on China, favours US
Senior executives from the bank's private wealth unit set out why the Chinese stock market worries them but US equities are a buy.
Goldman Sachs Private Wealth Management sounded a downbeat note on China’s growth prospects yesterday, while making the case for US equities on the back of strong fundamentals and cheap valuations.
Worries are looming over China’s financial sector; banks account for over 40% of domestic stocks’ market capitalisation, and their valuations are 25% below their average price since January 2003.
“They are cheap, but they are cheap for a reason,” says Neeti Bhalla, global head of tact…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.