China Market Update: Strategist Upgrades Maintain Hong Kong's Rise [Forbes]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Forbes
Hong Kong-listed growth and technology stocks powered higher following a strong day for their US-listed counterparts yesterday. Hong Kong's most heavily traded stocks by value were Tencent, which gained +3.75% after purchasing another 3 million shares, Meituan, which gained +7.95% after purchasing 4 million shares, Alibaba, which gained +1.97%, Bank of China, which gained +1.18%, and Hong Kong Exchanges, which gained +4.91%. Catalysts today include verbal support from the China Securities Regulatory Commission (CSRC), China's SEC, of Hong Kong as a financial hub. This was followed by today's news that UBS' emerging markets strategy team upgraded China to overweight, with an emphasis on internet and consumer stocks. Meanwhile, Goldman Sachs ' Chief China Equity Strategist outlined how a potential “re-rating” of Chinese equities could occur following the "Nine Opinions" released by the government, which I discuss below. Intra-day, the market powered through today's Wall Street Jour
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Earnings
- 4/15/24 - Beat
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Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form FWP
- 5/3/24 - Form FWP
- GS's page on the SEC website