---
title: "Updated Version 1 - Goldman Sachs lowers Hong Kong stock rating to Underweight, reiterates preference for holding mainland Chinese stocks"
description: "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 "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/219921998.md"
published_at: "2024-11-18T02:56:20.000Z"
---

# Updated Version 1 - Goldman Sachs lowers Hong Kong stock rating to Underweight, reiterates preference for holding mainland Chinese stocks

> 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

(Added more content)

Reuters Singapore, November 18 - Goldman Sachs analysts stated that Hong Kong stock prices are low, but may miss out on the benefits brought by China's economic support measures, while downgrading their recommendation rating for the Hong Kong stock market.

In a report on Asia-Pacific portfolio strategy released on Sunday, Goldman Sachs analysts said, "Although Hong Kong stocks are not highly valued, the economic or corporate profit growth in Hong Kong is also not high."

"The real estate and retail sectors are still under pressure, and given that China will focus on supporting its domestic economy, Hong Kong's economy may not benefit from China's policy support as it did in the past."

The recommendation refers to local Hong Kong companies in the MSCI Hong Kong Index constituents. (.dMIHK00000PUS)

In another report focusing on China published on Monday, Goldman Sachs analysts reiterated their preference for holding mainland stocks.

They suggested leaning towards consumer stocks that may benefit from China's economic policies and predicted that the blue-chip CSI 300 Index (.CSI300) will reach 4,600 points by the end of 2025.

This is about 14% higher than the 4,022 points on Monday morning

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.