Goldman’s Sneader Says in Waiting Mode for China Stimulus
- US bank seen some reallocation to China but investors cautious
- Bank continues to build presence in India despite ‘speed bump’
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Goldman Sachs Group Inc. and clients are in a waiting mode to see if Chinese authorities push out major stimulus measures to revive the economy after seeing some momentum in the second half of last year, according to Kevin Sneader, president of Asia-Pacific ex-Japan at the bank.
There has been “some reallocation” back to China from clients while there’s still caution around investing in the nation, Sneader said in an interview on Bloomberg Television at the firm’s macro-economy conference in Hong Kong.