Goldman Sachs Raises Forecast for H-Shares After Rally

Goldman Sachs Group Inc. raised its forecast for an index of Hong Kong-traded Chinese stocks by 12 percent because of improving economic growth prospects in developed markets.

The brokerage increased its target for the Hang Seng China Enterprises Index to 13,600 from the previous estimate of 12,100, Helen Zhu, an analyst at Goldman Sachs, wrote in a report dated today. The index, which has rallied 16 percent this year, slid 0.4 percent to 11,522 at 11:03 a.m. in Hong Kong.