Goldman Sachs expects this year's A-shares to continue a "slow bull" market

AASTOCKS
2026.01.28 05:15

Goldman Sachs' Chief China Equity Strategist Liu Jinjun expects that this year, the A-share market will continue its "slow bull" trend. As both Hong Kong and A-share valuations have returned to historical averages, the overall market performance this year will mainly rely on earnings growth.

Liu Jinjun anticipates that southbound capital will reach a new high this year, amounting to USD 200 billion. The trend of mainland capital migrating to the stock market may have already begun, with a forecast of over RMB 3 trillion in new domestic capital flowing into the stock market by 2026.

The bank predicts that the MSCI China Index and the CSI 300 Index will reach 100 and 5,200 points by the end of 2026, representing increases of 16% and 11% compared to current levels

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer