Goldman Sachs: China's Stock Allocation Below 10% of Household Assets, Significant Room for Reallocation

According to Goldman Sachs' China macroeconomic team, recently released research indicates household asset allocation in China is in early stages of structural transformation. Stock holdings currently account for less than 10% of household assets, suggesting significant potential for further reallocation as deposits shift toward broader financial assets amid weak deposit rates and declining real estate contributions to wealth accumulation.
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