Original title: Goldman’s Top Asia Banker Says China Stock Rally Has Room to Run
Goldman Sachs Group Inc.’s top Asia banker sounded an optimistic note on Chinese equities amid resurgent flows and said the firm is hiring in Hong Kong and India. “What we’re hearing from our clients and investors is sentiment has improved” around China’s stock market, said Kevin Sneader , the firm’s president of Asia-Pacific ex-Japan, in an interview with Bloomberg Television on Wednesday. “China still faces many challenges, but this rally in the equity markets has got some legs.”