Goldman Sachs(US:GS) Quan Jing Wang·2025-05-16 02:46Group 1 - The A-share market showed slight declines at the opening on May 16, with the CSI 300 index closing at 3907.2 and the A500 index at 4577.84, recovering the technical gap formed since the tariff storm began on April 2 [1] - Goldman Sachs raised the 12-month target for the MSCI China Index and the CSI 300 Index to 84 points and 4600 points respectively, indicating potential increases of 11% and 17%, while maintaining an "overweight" rating on Chinese stocks [1] - Nomura significantly upgraded its rating on Chinese stocks to tactical overweight, citing the temporary reduction in tariffs between China and the U.S. as a major surprise that could support market sentiment in the short term [1] Group 2 - Goldman Sachs suggested focusing on multiple themes to capture excess returns, highlighting that the internet and service sectors will benefit from consumption recovery and accelerated digital transformation [1] - In the context of a policy easing cycle, quality regional banks and leading real estate companies are expected to see valuation recovery, while the infrastructure and AI industry chains are also worth attention [1] - The A500 Index ETF (560610) focuses on core A-share assets and provides comprehensive coverage of the CSI secondary industry, with a balanced industry distribution and a higher weight in emerging sector leaders [2]