Goldman SachIn the second quarter, the prevention of epidemic prevention began. After China's restartment of comprehensive opening, it will promote China's stock market to rise by 20%.
According to Bloomberg, Goldman Sachs strategist, including Kinger Lau, pointed out in a report that relaxation of epidemic prevention restrictions may be "the clearest market, the longest expectations, the most expected, the most, the most, the most, the most, the most, the most, the most, the most, the most, the most, the most, the most, the most, the most,One of the strong uplink catalysts ".
This report states that there are signs that after the closing of the 20th National Congress of the Communist Party of China, Chinese officials may have begun to prepare for the long -lasting "dynamic clearance".Start relaxing related restrictions in the quarter.
In the past week, the Chinese official is preparing to relax the restrictions on epidemic prevention, and the plan to cancel the disconnection mechanism of the international flight has been formulated, so that the Chinese stock market that has fallen for four consecutive months has risen last week.The report states that the increase in the number of flights and the progress of the inhaled vaccine is encouraged.However, Chinese health officials reiterated last Saturday to insist on dynamic clearance.
The report mentioned that the market will digest the news about the re -opening up of about one month in advance, and the positive momentum may last for two to three months.Goldman Sachs believes that China's domestic cyclical and consumer sectors will become the main beneficiaries.
Since July, Goldman Sachs has covered a basket of retail, aviation, hotels and catering sectors to re -open the beneficiary shares by 20%stronger than the MSCI China index.The report wrote that if the momentum of reopening is accelerated, "there is still plenty of room for valuation and fundamentals to further recover."
