11 December 2025 | 4:43PM EST Economics Research What's Top of Mind in Macro Research: Central bank cuts, holds, and hikes, US-China tech race, AI progress and doubts This week: Transcript Jenny Grimberg +1(212)934-0199 | jenny.grimberg@gs.com Goldman Sachs & Co. LLC Allison Nathan +1(212)357-7504 | allison.nathan@gs.com Goldman Sachs & Co. LLC Ashley Rhodes +1(212)934-4876 | ashley.rhodes@gs.com Goldman Sachs & Co. LLC G10 central banks: cuts, holds, and a likely hike The Fed delivered a widely expected 25 ...

6 December 2025 | 12:50AM HKT Portfolio Strategy Research CHINA WEEKLY KICKSTART Markets gained 1%; French President Macron visited China; PSL resumed expansion to support government-led investment; Mixed PMIs in November MXCN/CSI300 gained 1.3%/1.0% this week, led by Materials/Insurance (+7.8%/+4.9%). President Xi met with French President Macron in Beijing on Dec 4. NFRA reduced capital charge on select equity investments for Chinese insurers. CSRC issued a consultation paper on the updated regulations fo ...