高盛：若中美达成贸易协议 中国股市或上涨11%

Group 1 - Goldman Sachs raised its target for Chinese stocks, citing improved prospects for a US-China trade agreement, which would eliminate a key market uncertainty [1][4] - The 12-month target for the MSCI China Index was increased from 85 to 90 points, indicating an 11% upside from last Friday's closing price [1] - The report highlighted that a potential US-China trade agreement could act as a market catalyst, similar to recent agreements with other countries [4] Group 2 - Other positive factors include a strengthening yuan, reduced regulatory risks for private enterprises, and improved market liquidity [4] - The MSCI China Index has risen nearly 8% since Goldman Sachs previously raised its target price to pre-tariff levels announced by President Trump [4] - Chinese stocks have seen three consecutive weeks of gains, partly due to successful trade agreements between the US and other countries, raising expectations for a similar agreement with China [4] Group 3 - Geopolitical stability signs have also boosted market sentiment, with investors closely watching the upcoming Politburo meeting that will set the tone for policy measures in the second half of the year [4] - Although strong stimulus measures may not be immediately forthcoming, some supportive measures could be introduced later this year [4] - Despite the MSCI China Index rising over 25% year-to-date, Goldman Sachs advises investors to focus on stock selection and has upgraded ratings for the insurance and materials sectors to "overweight" [4]