Updated Version 1 - Goldman Sachs lowers Hong Kong stock rating to Underweight, reiterates preference for holding mainland Chinese stocks
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Goldman Sachs downgraded the rating of the Hong Kong stock market to "underweight," believing that despite the low valuation of Hong Kong stocks, economic and corporate profit growth is weak, and the real estate and retail sectors are under pressure. Hong Kong may not benefit from China's policy support. At the same time, Goldman Sachs reiterated its preference for holding mainland Chinese stocks, suggesting a focus on consumer stocks that benefit from China's economic policies, and expects the CSI 300 index to reach 4,600 points by the end of 2025
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