BEIJING, Nov. 6 (Xinhua) -- Foreign institutional investors voiced recently more and more optimism in China stocks, reported National Business Daily (NBD) on Tuesday.
After lifting China stocks to overweight a month ago, Goldman Sachs researchers released another report to express their optimism in China's stock market on November 4.
In the report, Kinger Lau, chief China equity strategist in Goldman Sachs Research and his research team maintained the overweight rating for China's A-shares and H-shares, predicting around 20 percent potential returns in the following 12 months from the two markets.
By industries, they preferred in the report consumption-oriented ones.
Previously, its another fund flow report showed that in the four weeks ending October 30, China's A-share market obtained 24.385 billion U.S. dollars of net capital influx.
Last month, emerging market funds kept adding exposure to China and north Asia markets and once the U.S. presidential election ends, uncertainties lingering on the markets are expected to fade away, which may lead to rapid increases in such exposure, according to the report.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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