Goldman Sachs(US:GS) 券商中国·2026-01-30 03:13Core Viewpoint - Goldman Sachs remains committed to the development of its business in China, expressing optimism about the further opening of the Chinese capital market and the recovery of business activities in the region [1][2]. Group 1: Business Development in China - David Solomon, CEO of Goldman Sachs, emphasizes the company's long-term commitment to the Chinese market, having witnessed significant growth in various sectors since his first visit in the mid-1990s [2]. - The company has been operating in China for over 30 years, engaging in investment banking, fixed income, foreign exchange, commodities, stock trading, wealth management, and asset management [2][3]. - Solomon notes that the investment banking sector, particularly in Hong Kong, is experiencing positive growth due to the recovery of equity financing and increased demand for financial advisory services [3]. Group 2: Economic Outlook - Solomon acknowledges that China's economy has met its growth targets, attributing this success to technological innovation, manufacturing, and exports, while highlighting the potential for consumption to become a more significant growth driver in the future [2]. - He expresses encouragement regarding the ongoing opening measures in the Chinese capital market, which could attract more talent and capital, further promoting market development [3]. Group 3: Investment Perspectives - Solomon reiterates that stocks are expected to outperform gold in the long term, despite current trends where central banks are increasing gold holdings to adjust their dollar asset exposure [5]. - He believes that international capital is gradually returning to China, as evidenced by the recent rise in the Chinese stock market, and anticipates that by 2026, international capital allocation to Chinese assets will continue to increase [4][5]. - The discussion on AI investments highlights that the current funding is driven by profitable companies recognizing their business needs, contrasting with previous speculative bubbles [6].