In an exciting twist for market enthusiasts, major Wall Street investment banks are turning bullish on China's A-share market, driven by a powerful push in artificial intelligence (AI).
Investment giants like Goldman Sachs, Morgan Stanley, and JPMorgan are taking note of improved earnings, revived consumer spending, and enhanced liquidity. AI-driven efficiencies led by innovators such as DeepSeek are sparking fresh optimism among global investors. 🚀
JPMorgan’s chief strategist for the Asia-Pacific region, Tai Hui, recently highlighted that AI is set to fuel further market gains. Meanwhile, strategists at Goldman Sachs predict that AI advancements could boost earnings per share by around 2.5% annually over the next decade, potentially attracting over $200 billion in capital inflows.
Morgan Stanley has also forecasted greater exposure to tech and internet sectors in the Hong Kong market via Stock Connect, envisioning a nine-percent upside for key indexes. Further fueling this momentum, the Chinese mainland's Government Work Report introduced the "AI Plus" initiative, aiming to integrate digital technologies with the country’s manufacturing strengths.
With nearly 200 generative AI models registered for public use by the end of 2024 and over 600 million registered users, the AI wave is reshaping the market landscape. For young investors, tech fans, and trendsetters, these developments signal exciting times ahead in the world of Chinese equities.
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Wall Street banks turn bullish on China's A-Share market amid AI push
cgtn.com
