Goldman and Citigroup Boost Ratings on Chinese Stocks Amid Positive Outlook

As the Chinese stock market reopens after the National Day holiday, investors are keen to see if the pre-holiday rally will continue. Goldman Sachs has raised its rating on Chinese stocks to "overweight," anticipating an increase in benchmark valuations. This optimistic view stems from the Chinese government's decisive policy actions that have improved valuations.Citigroup has also upgraded its ratings on Chinese consumer and real estate stocks. According to a report from Goldman Sachs, analysts like Tim Mo ...