Goldman Sachs Optimistic Forecast: Chinese Stock Market Still Has Room to Rise

Reported by Jinse Finance, a senior executive at Goldman Sachs recently stated that investor sentiment has significantly improved, and the Chinese stock market still has room to rise. "What we are hearing from clients and investors is that sentiment (around the Chinese stock market) has improved," said Kevin Sneader, President of Goldman Sachs Asia Pacific (excluding Japan), during a media interview on Wednesday. He pointed out that the current rebound in the Chinese stock market has certain support. Sneader noted that while some long-term investors are still seeking clearer policy signals, the inflow of funds from hedge funds has improved. He also stated that one of the "major driving forces" behind the rise in the Chinese stock market remains retail investors with substantial savings.