Jan. 14 at 4:51 PM
$BIDU $BABA 200$ 300$. Huge upsurge as Global Funds Turn to China Stocks, Yuan in Big Bets for 2026
Global investment firms from Goldman Sachs Group Inc. to Bernstein Societe Generale Group have lifted their assessment of the world's second-largest equities market, citing compelling valuations, supportive industry policies and a rosy earnings outlook.
As Beijing allowed the yuan to breach the key 7-per-dollar level, market participants are also doubling down on the currency, with some predicting it to rise to as strong as 6.25 this year. Citigroup Inc., BNP Paribas Asset Management and Bank of America Corp. are among those favoring the yuan.
The louder bullish chorus has come as China staged a rare stock and currency twin rally last year,. The surprise resilience in some parts of the world's No. 2 economy, from booming exports to recovering factory activity and a stable banking system, also draws hope that laggards such as property and consumer stocks may deserve another look
too.
