Goldman Sachs optimistic forecast: China's stock market still has room to rise

Investor sentiment has improved markedly and there is still room for growth in the Chinese stock market, a senior Goldman Sachs executive has said recently. "What we are hearing from clients and investors is that sentiment [around the Chinese stock market] has improved". Kevin Sneader, president of Goldman Sachs Asia Pacific ex-Japan, said in an interview with the media on Wednesday. He pointed out that the rebound in Chinese stocks has some support. While some long-term investors are still seeking clearer policy signals, hedge fund inflows have improved, Sneader said. He also said that "a big driver" of the rise in Chinese stocks remains retail investors with large savings.