Goldman Sachs has cut the MSCI China Index target by almost 4 per cent and expects no profit growth because of the mortgage boycott. Photo: Reuters
Goldman Sachs has cut the MSCI China Index target by almost 4 per cent and expects no profit growth because of the mortgage boycott. Photo: Reuters
A-shares
Business /  China Business

Goldman Sachs lowers MSCI China Index and earnings targets amid new headwinds for the Chinese economy

  • The MSCI China Index of 717 stocks is likely to end at 81 in the next 12 months, compared with an earlier forecast of 84, according to Goldman analysts
  • The earnings growth for the index constituents has been cut to zero from 4 per cent, compared with the market consensus for an 8 per cent increase

Zhang Shidong
Zhang Shidong in Shanghai

Updated: 3:42pm, 25 Jul, 2022

Why you can trust SCMP
Goldman Sachs has cut the MSCI China Index target by almost 4 per cent and expects no profit growth because of the mortgage boycott. Photo: Reuters
Goldman Sachs has cut the MSCI China Index target by almost 4 per cent and expects no profit growth because of the mortgage boycott. Photo: Reuters
READ FULL ARTICLE