Goldman Backs China Bulls With Its 50 ‘Common Prosperity’ Stocks
- Winners seen in upgrading manufacturing, green energy firms
- Mass consumption, state-owned enterprise reforms also key
A pedestrian in front of a Xiaomi Corp. store in Shanghai, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Goldman Sachs Group Inc. has spotlighted 50 China stocks that stand to benefit from President Xi Jinping’s “common prosperity” campaign, bolstering the view that Beijing’s regulatory shakeup is also bringing opportunities.
Companies connected to themes such as manufacturing upgrading, green energy, state-owned enterprise reforms and mass consumption can benefit from Xi’s ambitions, strategists including Kinger Lau said in note dated Monday.