(Beijing Bloomberg) Goldman Sachs Group, an international investment bank, judged that due to the economic pressure of the zero -epidemic prevention and clearing policy and the landslide of the real estate market, the 20th CCP may not be held as before, as beforeThe Chinese stock market brings boosting effects.

The 20th National Congress of the Communist Party of China was held on October 16. This is the National Congress of the five -year party of the Chinese ruling party in five years.

Bloomberg quoted a report written by Goldman Sachs strategist such as Liu Jinjin, stating that in the past, China's growth momentum was often strong before the CCP's agency, but it was uncertain whether history can be repeated this year.Goldman Sachs predicts that China's clearing policy will last until the second quarter of 2023.

Goldman Sachs published a report published on Sunday (September 18) stating that one month before the Party Congress was held in the past, the MSCI China index generally had about 2 % of the return.good performance.However, the index has fallen by more than 8 % so far this month, and it is less than regional and global stock markets.

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Report also predicts that the policy of the Communist Party of China will not change significantly, but as personnel changes are determined, policy coordination and implementation efficiency may be improved.

Goldman Sachs's strategist also believes that the situation of mainland stocks will be better than overseas stocks, because foreign -funded shares are low and the sensitivity to external risk factors is also lower.

Strategicists also pointed out that the prospect of the continuation of China's policy trends indicates that industries and stocks that can benefit from policy looser will have outstanding performance.