Goldman Sachs Exchanges Is China’s rebound for real?
10 snips
May 21, 2024 
Goldman Sachs Research experts Hui Shan and Kinger Lau discuss China's economic rebound, analyzing factors driving the equity market rally, potential impacts of tariffs, risk-reward in the property market, and market optimism amid evolving economic trends.
AI Snips
Chapters
Transcript
Episode notes
China Equity Market Rebound
- The China offshore equity market has rallied by almost 30% since late January, driven by better-than-expected economic growth and government intervention.
- The domestic A-share market has also performed well, rising about 15% during the same period.
Government Intervention vs. Fundamentals
- Government intervention in the A-share market has provided a downside put option for investors.
- However, the Hong Kong market rally is supported by fundamental reasons and balanced participation from hedge funds and mutual funds.
Sustainability of the Rally
- The sustainability of the China equity rally depends on earnings delivery and policy delivery.
- Investors should watch for the forthcoming politburo meeting in July for more visibility on policy easing and reforms.