高盛GS 中国投资策略深度研究报告 中英文双语.pdfVIP

October 27, 2010 China: Portfolio Strategy 2011 outlook: A bastion of growth Firmly on track, fundamental earnings are solid CHINA RESEARCH TEAM We target 16,500 and 4,300 for the HSCEI and CSI300 by end-2011E, representing 21% and 24% upside potential from current levels. We forecast 17% and 19% offshore/onshore 2011E earnings growth, and see Helen Zhu earnings growth as the key contributor to returns. The