Investors are shifting towards Chinese markets, seeking alternatives to U.S. equities due to policy uncertainty and sluggish domestic consumption in the U.S. The Hang Seng Index has risen over 20% this year, while the S&P 500 has seen much less growth. Goldman Sachs has noted ten Chinese stocks, termed the "Prom 10," which are expected to see significant earnings growth, reflecting themes of AI development and consumer services. This indicates a growing confidence in the Chinese market's potential amid prior concerns about investability.
Investment bank Goldman Sachs, in a report released last week, highlighted 10 stocks that are best poised for growth in the Chinese market. Together, they make up what the bank calls the "Prominent 10", or "Prom 10" for short.
The Prom 10 "collectively embody the theme of AI/Tech development, self-sufficiency, 'Going Global', services and new forms of consumption, and China's improving shareholder returns," Goldman Sachs wrote in its report.
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