---
title: "Goldman Sachs expects this year's A-shares to continue a \"slow bull\" market"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/273937881.md"
description: "Goldman Sachs' chief China equity strategist Liu Jinjun expects that this year the A-shares will continue to show a \"slow bull\" market, mainly driven by earnings. It is anticipated that southbound funds will reach a record high of USD 200 billion, and the trend of mainland funds flowing into the stock market has already begun, with an expected additional inflow of over RMB 3 trillion by 2026. Goldman Sachs predicts that the MSCI China Index and the CSI 300 Index will reach 100 and 5,200 points respectively by the end of 2026, representing increases of 16% and 11% from current levels"
datetime: "2026-01-28T05:15:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273937881.md)
  - [en](https://longbridge.com/en/news/273937881.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273937881.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/273937881.md) | [繁體中文](https://longbridge.com/zh-HK/news/273937881.md)


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

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

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