This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Goldman Sachs has turned bullish on ten China-based companies, dubbing them the ‘Prominent 10’—potentially China’s answer to the US ‘Magnificent 7.’ The bank cites AI development, regulatory support, and strong earnings potential as key drivers.
- Goldman Sachs projects 13% earnings growth for the 'Prominent 10' Chinese firms, driven by AI and regulatory tailwinds.
- The list includes major players like Tencent, Alibaba, and BYD, covering tech, EVs, and e-commerce sectors.
- China's recent pro-private economy policies and relaxed M&A rules aim to boost corporate growth and investor confidence.
📎 Related coverage from: dailyhodl.com