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Goldman Sachs says buy these stocks ahead of a $2.6 trillion China reopening boom

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Goldman Sachs picked a number of stocks to cash in on China's reopening, which it said could happen in the second quarter of 2023.

Stocks in Hong Kong and mainland China rallied last week on speculation that the country could ease its super-strict zero-Covid policy. Investors were left disappointed, however, when authorities quashed hopes of a quick reopening of the world's second-largest economy. Nevertheless, Goldman Sachs strategists, led by Kinger Lau, said China could reopen in the second quarter of 2023 if "a few necessary conditions" were met.

Reopening beneficiaries The bank's list of reopening beneficiaries comprises 30 names it says are "well placed" to gain from the easing of social distancing and travel curbs. They also collectively trade at prices at the low end of their historical ranges, according to Goldman. China Tourism Group Duty Free is one of Goldman's picks.

 

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Haha why exit liquidity?

No more Chinese Stocks for me. GTH Goldman Sachs.

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