“中国股市仍有上涨空间”！高盛，最新发声！

Group 1 - Foreign capital remains optimistic about the Chinese stock market, particularly small and mid-cap stocks, indicating significant upside potential [1][2] - Since the start of the current rally on April 8, the Shanghai Composite Index has risen over 21%, with the Shenzhen Component Index up over 27% and the ChiNext Index up over 43% [1] - Goldman Sachs reports that only 22% of household financial assets are allocated to funds and stocks, suggesting a potential inflow of over 10 trillion yuan into the market [2] Group 2 - There are signs of a shift in funds from bank deposits to the stock market, with a notable increase in non-bank financial institution deposits [2][4] - The trading volume in the A-share market has significantly increased, with daily trading exceeding 2 trillion yuan, indicating heightened market activity [5][6] - UBS highlights that the current low proportion of retail participation in the A-share market suggests room for growth, as more deposits may flow into equities when the market strengthens [3] Group 3 - The trend of household savings moving into the stock market is supported by a rise in the M1 money supply and a decrease in the trend of fixed-term deposits [4][5] - The potential inflow of household savings into the stock market is estimated to be between 5 trillion and 7 trillion yuan, which could surpass previous market rallies [5][6] - The overall valuation of A-shares remains reasonable, with the market expected to have ample opportunities for growth despite potential short-term volatility [6]