Goldman Sachs optimistic forecast: Chinese stock market still has room to rise

A senior executive at Goldman Sachs recently stated that investor sentiment has significantly improved and there is still room for growth in the Chinese stock market. "What we are hearing from clients and investors is that sentiment has improved," said Kevin Sneader, President of Goldman Sachs Asia Pacific, in an interview with the media on Wednesday. He pointed out that the current rebound in the Chinese stock market has some support. Sneader mentioned that while some long-term investors are still seeking clearer policy signals, there has been an improvement in the inflow of funds from hedge funds. He also stated that a major driving force behind the rise in the Chinese stock market is still the large number of retail investors with substantial savings.