FINANCE

Goldman Sees More Than $500 Billion Flow Into Chinese Stocks in 2026

Published: Jan. 28, 2026 7:11 p.m. GMT+8

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Goldman Sachs expects Chinese equities to attract 3.6 trillion yuan ($518 billion) in fresh domestic capital this year, betting that rising corporate earnings will drive a sustained market recovery.

The forecast, presented in Hong Kong by Goldman’s chief China equity strategist Kinger Lau, underpins the bank’s overweight stance on Chinese stocks in the Asia-Pacific region, at a time when broader market sentiment on China remains cautious.

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Goldman Sachs predicts Chinese equities will gain 3.6 trillion yuan ($518 billion) in new domestic capital in 2024, led by households and insurers.
Retail investors are expected to add 2 trillion yuan; institutional investors, including insurers, to contribute 1.6 trillion yuan.
Goldman projects 4.8% GDP growth for China in 2026, with policy support and exports offsetting weakness in the property sector.

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Goldman Sachs: Goldman Sachs, through its chief China equity strategist Kinger Lau, forecasts 3.6 trillion yuan ($518 billion) in new domestic capital for Chinese equities this year. This underpins their "overweight" stance on Chinese stocks. They anticipate retail investors and insurers will be key drivers of these inflows. Goldman economists also project China's GDP growth at 4.8% in 2026, slightly above the market consensus.

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