Kinger Lau, chief China strategist at Goldman Sachs, said as investors need some time to get used to the market operation regarding the Shanghai-Hong Kong Stock Connect, he believes that the capital will start flowing into the markets of both sides a few weeks later. He is optimistic toward the campaign as the market valuation of the two markets is too high to be ignored by global investors, and it may also help A shares enter the MSCI Index next year.
Goldman Sachs remained the 12-month targets for HSI and HSCEI at 26500 and 12300, Lau added.
Goldman Sachs remained the 12-month targets for HSI and HSCEI at 26500 and 12300, Lau added.
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