智通财经APP获悉，香港联交所最新资料显示，11月14日，The Goldman Sachs Group, Inc.增持东方电气 (01072)49.7万股，每股作价22.4239港元，总金额约为1114.47万港元。增持后最新持股数目约为2073.19 万股，最新持股比例为5.08%。 ...

Core Insights - Federato, an AI-driven insurance platform, has raised $100 million in a Series D funding round led by Goldman Sachs Alternatives, bringing total capital raised to over $180 million [1][3]. Funding and Financial Performance - The Series D funding round was supported by existing investors including Emergence Capital, Caffeinated Capital, StepStone Group, and Pear VC [1]. - Less than a year prior, Federato raised $40 million in a Series C round [1]. - The company has reported a threefold increase in revenues over the past year, attributed to new customer acquisition and expanded usage among existing clients [1]. Technological Advancements - The growth has been driven by the adoption of agentic AI, a technology pioneered by Federato's co-founders for over a decade [2]. - Federato's platform enables insurers to customize workflows and strategies in response to AI integration [2]. - The agentic AI systems allow for complex analysis while enabling human personnel to focus on decision-making that requires nuanced judgment and interpersonal skills [3]. Market Demand and Investment Impact - The demand for AI-native capabilities has exceeded expectations, and the investment from Goldman Sachs will help meet customer needs [4]. - Goldman Sachs Alternatives Growth Equity noted that Federato's platform offers a significant improvement in ROI and efficiency compared to previous core systems [4]. - Federato has developed a comprehensive policy life cycle solution that is already delivering measurable results for insurers [5].

Core Viewpoint - Gold prices are experiencing a strong upward trend, influenced by the performance of related ETFs and expectations regarding central bank gold purchases, despite short-term pressure from adjusted interest rate expectations [1] Group 1: Market Performance - As of the close of the Asian market, COMEX gold futures rose by 0.6%, reaching $4,093 per ounce [1] - Gold-related ETFs showed strong gains, with Huaxia ETF (518850) up by 1.78%, non-ferrous metals ETF (516650) up by 1.86%, and gold stock ETF (159562) up by 4.13% [1] Group 2: Central Bank Activity - Goldman Sachs reported that global central bank gold purchases are ongoing, with an expected average monthly purchase of 80 tons from Q4 2025 to 2026 [1] - The increase in central bank gold purchases, along with the largest monthly inflow into Western gold ETFs since mid-2022 (112 tons), indicates strong demand from both central banks and retail investors [1] Group 3: Future Price Expectations - Goldman Sachs maintains an optimistic outlook for gold prices, projecting a rise to $4,900 by the end of 2026 [1] - Analysts from Baocheng Futures noted that the downward revision of interest rate expectations is largely due to previous market optimism, suggesting a potential return to data-driven analysis [1] Group 4: Upcoming Economic Data - The market is closely monitoring the upcoming U.S. non-farm payroll data for September, as well as subsequent economic data, which will directly impact expectations regarding Federal Reserve policies and the short-term trends in precious metals [1]

Core Viewpoint - Multiple foreign securities and fund companies have released outlook reports for 2026, indicating that the current Chinese stock market has medium to long-term allocation value driven by ample liquidity and improving profitability [1] Group 1: Market Outlook - UBS sets the MSCI China Index target for the end of 2026 at 100, representing a 14% upside from current levels [3] - Morgan Stanley raises its target for the CSI 300 Index to 4840 points by December 2026, citing moderate corporate profit growth and a more favorable external environment [3] Group 2: Investment Strategies - Foreign institutions favor sectors such as technology, internet, and high-dividend assets [4] - UBS is optimistic about technology stocks, internet stocks, and the brokerage sector, while Morgan Stanley recommends a "barbell strategy" focusing on high-quality internet and technology leaders alongside some high-dividend assets for stable cash returns [4] - Goldman Sachs has identified 50 stocks across 21 sub-industries, including 30 A-shares and 20 overseas-listed Chinese stocks, expected to outperform the market in the future [4] Group 3: Cross-Border Investment Facilitation - Foreign institutions express confidence in China's capital market due to a series of landmark opening measures aimed at enhancing cross-border investment and financing convenience [5] - The recent approval of Huafu International Asset Management Co., Ltd. as a qualified foreign investor by the China Securities Regulatory Commission (CSRC) exemplifies the expedited approval process [6] - The CSRC has introduced an optimization plan for the qualified foreign investor system, aiming to streamline the investment pre-approval process and enhance efficiency in various related procedures [6][7]

高盛总裁沃尔德伦表示，如果次级贷款领域出现更多问题，他并不感到意外。 ...

"We believe that much of the absorption of tariffs has actually been in the value chain in the company margin and hasn't been passed on," says Goldman Sachs President and COO John Waldron at the Bloomberg #NewEconomyForum in Singapore.Follow the latest here: https://t.co/UmzuzSob5x ...

（文章来源：第一财经） 据报道，高盛总裁约翰·沃尔德伦表示，预计通胀将持续，2026年美国将出现更多裁员。 ...

格隆汇11月19日｜高盛集团总裁John Waldron表示，高盛的观点是，通货膨胀将保持"顽固"的态势。"我 认为 2026 年将会是裁员的年份，"他补充道，这里他所指的是美国的企业。 来源：格隆汇APP ...

中化新网讯 11月13日，高盛集团在发布的新报告中指出，受航空燃油和石化产品替代产品有限、能源 需求增长速度超过低碳技术替代速度，以及人工智能通过拉动全球GDP间接带来300万桶/日需求增量等 因素推动，2040年前全球石油需求将持续增长。 高盛研究报告称："随着公路运输需求见顶，石化行业将成为全球石油需求增长的关键驱动力，石化领 域石油需求(石脑油、乙烷、液化石油气)年均增长50万桶/日，增幅达2.1%。"高盛承认其对长期石油需 求的看法"高于市场共识"，并指出未来15年，非经合组织(OECD)国家将贡献超过90%的石化领域石油 需求增长。该银行表示，中国和中东将引领这一增长，这与这些地区石化及塑料生产设施的集中分布相 符。 高盛预测，公路运输石油需求将小幅增加90万桶/日，于2030年达到峰值，随后进入"长期平台期"并逐 步下滑，到2040年消费量仅较峰值下降170万桶/日。 高盛还表示，人工智能将通过推动经济增长，间接拉动全球石油需求，在基准情景下，预计到2040年将 带来300万桶/日的需求增量。报告指出，人工智能对石油需求的影响主要是间接的，通过促进全球GDP 增长来实现，而非直接消耗能源。在人工智 ...

Group 1 - The core viewpoint of the articles highlights the increasing interest in gold as a safe-haven asset, driven by geopolitical and financial risks, with significant purchases by central banks and rising gold prices expected to continue [3] - As of November 18, 2025, the gold ETF fund has seen a 0.50% increase over the past two weeks, with a current price of 8.87 yuan and a trading volume of 6397.36 million yuan [2] - Gold prices have risen 55% year-to-date, influenced by economic concerns, geopolitical tensions, and increased inflows into exchange-traded funds (ETFs) [3] Group 2 - Goldman Sachs estimates that central banks purchased 64 tons of gold in September, a significant increase from 21 tons in August, indicating a trend towards diversifying reserves [3] - The recent hawkish statements from Federal Reserve officials have corrected previous overly optimistic rate cut expectations, contributing to a price pullback in gold, although strong support is seen around the $4000 per ounce level [3] - The latest net inflow into the gold ETF fund is 3.65 billion yuan, with a total of 10 billion yuan in net inflows over the past five trading days, indicating strong investor interest [3]