China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. The S & P 500 has risen around 8%.
Goldman Sachs said in an April 23 note that its analysis suggested that China's A-shares could jump around 20% — if China can "narrow the gap" with the international average in terms of shareholder returns, corporate government standards and institutional investor ownership. The Wall Street bank also cited the Asian giant's policy focus in 2024, which has shifted to a focus on promoting high-quality development of its markets.
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