Core Viewpoint - The core growth opportunity for the Chinese economy in the long term lies in consumption, driven by the large population base and increasing household wealth [2][4][10] Group 1: Consumption as a Growth Driver - Consumption is expected to become the main driver of economic growth, with a shift from traditional manufacturing and exports to consumption and services over the next decade [4][10] - Despite the resilience of exports, their proportion in the economic structure needs further balancing [3][9] Group 2: Global Investor Interest - The activity level in the Chinese market has rebounded and is accelerating, leading to renewed interest from global investors [5][11] - The proportion of foreign investment in China has slightly increased, with potential to rise above 10% in the future [5][11] - The attractiveness of the Chinese stock market has drawn international investors back, and ongoing economic balance and capital market openness will attract more foreign capital [5][11] Group 3: Goldman Sachs Commitment - Goldman Sachs maintains a long-term and steadfast commitment to investing in the Chinese market, encouraged by the development of the capital market and various opening measures [2][5][11] - There is optimism about further opening measures that will solidify the development of China's capital market [5][11]

2026年1月28日，中国人民银行行长潘功胜会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就 全球经济金融形势、中国宏观经济政策、中美经贸关系等议题进行了交流。 来源：中国人民银行 ...

实习编辑:金怡杉 | 审核:李震 | 监审:古筝 2026年1月28日，中国人民银行行长潘功胜会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就全球经济金融形势、中国宏观经济政策、中美经贸关 系等议题进行了交流。 ...

中国人民银行行长潘功胜会见高盛集团董事长兼首席执行官苏德巍 责任编辑：刘万里 SF014 中国人民银行行长潘功胜会见高盛集团董事长兼首席执行官苏德巍 2026年1月28日，中国人民银行行长潘功胜会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就 全球经济金融形势、中国宏观经济政策、中美经贸关系等议题进行了交流。 2026年1月28日，中国人民银行行长潘功胜会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就 全球经济金融形势、中国宏观经济政策、中美经贸关系等议题进行了交流。 责任编辑：刘万里 SF014 ...

（文章来源：第一财经） 1月28日，中国人民银行行长潘功胜会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就全球经 济金融形势、中国宏观经济政策、中美经贸关系等议题进行了交流。 ...

Group 1: Core Insights - JPMorgan and Houlihan Lokey are the leading financial advisers for M&A in the TMT sector for 2025, with JPMorgan leading in deal value and Houlihan Lokey in deal volume [1][4] - JPMorgan advised on transactions totaling $435.5 billion, while Houlihan Lokey participated in 94 deals, just short of 100 [1][5] - Morgan Stanley ranks third in deal value with $253.4 billion, followed closely by Goldman Sachs at $237.2 billion and Allen & Company at $235.6 billion [2] Group 2: Transaction Volume - In terms of transaction volume, Morgan Stanley also holds the third position with 59 deals, followed by Goldman Sachs with 49 and Evercore with 43 [3] - JPMorgan advised on 32 billion-dollar deals, including seven mega deals valued over $10 billion, contributing significantly to its lead in deal value [5] - Houlihan Lokey's deal volume was significantly higher than JPMorgan's, which had 65 deals, placing it second in volume [5] Group 3: Data Source and Methodology - GlobalData's league tables are based on real-time tracking of various reliable sources, including company and advisory firm websites [5][6] - A dedicated team of analysts monitors these sources to gather detailed information on each deal, including adviser names [5]

Core Viewpoint - The Indonesian stock market is experiencing its worst two-day performance in 30 years, driven by concerns raised by MSCI regarding the market's investability and potential outflows of up to $13 billion [1][3][5]. Market Performance - On January 29, the Jakarta Composite Index fell by as much as 10%, triggering a 30-minute trading halt, following a previous drop of over 8% on January 28, which also led to a trading suspension [3][4]. - The significant sell-off has primarily affected state-owned banks and companies linked to large corporate groups, raising the risk of a technical bear market if the downward trend continues [3][4]. MSCI Concerns - MSCI has expressed serious concerns about the low free float of stocks in the Indonesian market, with over 200 components having a free float ratio below 15%, which distorts the index and poses manipulation risks [4][5]. - MSCI has announced a suspension of certain index adjustments and will freeze the addition of new constituents until issues related to concentrated ownership are addressed by Indonesian regulators [3][4]. Currency Impact - The Indonesian rupiah has depreciated against the US dollar, recording its largest drop since October of the previous year, as investor confidence wanes [5][6]. Analyst Ratings - Both Goldman Sachs and UBS have downgraded their ratings for the Jakarta Composite Index, with Goldman Sachs warning of potential outflows exceeding $13 billion under extreme scenarios [5][6]. Regulatory Response - The Indonesian Stock Exchange has acknowledged MSCI's feedback and is committed to enhancing market data transparency, with plans to publicly disclose free float data starting January 2, 2026 [6][7]. - The exchange aims to raise the minimum free float requirement from the current 7.5% to between 10% and 15%, with a long-term goal of 25%, although no specific timeline has been set [6][7]. Future Considerations - The Indonesian financial regulatory authority is preparing stricter rules for small business listings, while the stock exchange emphasizes the need for increased liquidity to absorb new stock supply [7].

苏德巍表示，高盛集团看好中国发展前景和经济增长潜力，将继续深耕中国市场，为美中关系稳定 发展发挥积极作用。 央广网北京1月29日消息 据中央广播电视总台中国之声《新闻和报纸摘要》报道，中共中央政治局 常委、国务院副总理丁薛祥28日在北京会见美国高盛集团董事长兼首席执行官苏德巍。 丁薛祥表示，中国经济长期向好，是世界发展稳定可靠的动力源。"十五五"时期，我们将扎实推动 高质量发展，坚定不移扩大高水平对外开放，持续释放超大规模市场潜力，为全球发展增添更多新动 能，也为各国企业提供更多新机遇。欢迎外资企业扩大对华投资合作，更好分享中国发展机遇。 ...

You go over there, and you come over here. Two of Wall Street’s heavy hitters have done a bit of reorganizing in their wealth and asset management units. Goldman Sachs added seven leaders from its wealth and asset business to the company’s management committee, the firm’s top decision-making panel, according to a statement. Meanwhile, BNY announced earlier this week that it would promote multiple executives to accelerate growth in its wealth unit. The moves elevate the wealth and asset management busine ...

南方财经21世纪经济报道记者郑青亭、实习生王馨梓北京报道 他在采访中透露，他去年11月也曾来华访问，当时就发现高盛在华业务"活跃度明显在回升，且增长势 头持续加快"。他说，这次来访看到了同样的趋势。 1月28日，美国高盛集团董事长兼首席执行官苏德巍(David Solomon)在北京接受21世纪经济报道等中国 媒体采访时表示，"全球投资者对中国的关注热情正再度升温。" 同日，苏德巍在北京与中国国家领导人会见时表示，高盛集团看好中国发展前景和经济增长潜力，将继 续深耕中国市场，为美中关系稳定发展发挥积极作用。 ...