2026年度格隆汇"全球视野"十大核心资产已正式发布，高盛(GS.US）经过层层选举和PK最终被入选成 为"全球视野"十大核心资产中金融行业代表标的。 以下是关于高盛公司的入选原因和分析逻辑： 当全球货币政策逐步转向宽松、资本市场活动回暖，投行行业正迎来复苏与结构调整的关键期。高盛 （GS.US）历经2022-2024年的战略纠偏，果断退出大众零售银行"Marcus"业务，重新聚焦核心优势领 域——全球银行与市场业务（GBM）及资产与财富管理业务（AWM），凭借清晰的战略定位与深厚的 行业积累，成为2026年全球核心资产的重要标的。 2025年前三季度，高盛经营数据表现稳健：营收同比增长13%，稀释后EPS同比增速30%，ROE提升至 14.6%，较上年增加2.6个百分点。随着消费金融业务包袱逐步出清，公司盈利能力持续改善，估值体系 正从传统周期投行向高质量增长标的缓慢切换，其在降息周期中的业绩弹性值得关注。 来源：格隆汇APP 行业竞争格局方面，巴塞尔协议III（BaselIIIEndgame）资本金要求趋严，中小投行面临更大的资本压 力，行业资源进一步向头部集中。高盛通过优化风险加权资产（RWA）、聚焦高 ...

Core Viewpoint - Integrity in tax payment is fundamental for corporate development and optimizing the business environment, as demonstrated by the case of Inspur Cloud, which has successfully transformed tax credit into development momentum [1][2]. Group 1: Company Overview - Inspur Cloud, located in Jinan High-tech Zone, is the only newly recognized unicorn enterprise in Shandong Province for 2024 and the eighth unicorn in Jinan City [1]. - The company focuses on 24 key industries and has developed over 200 platform solutions, aiding more than 1.3 million enterprises in digital transformation [1]. Group 2: Tax Credit Impact - Inspur Cloud achieved a transformation in tax credit rating from B to A in 2023, marking a shift in focus from production and sales to integrity in operations [1][2]. - The company has benefited from various tax incentives, amounting to over 5 million yuan in 2024, enhancing its innovative capacity [2]. Group 3: Financing Advantages - With an A-level tax credit, the company enjoys streamlined bank loan approval processes, reduced approval times, and more favorable loan rates, which lowers financing costs and provides sufficient cash flow for development [2]. Group 4: Industry Development - The Jinan High-tech Zone is home to 8 unicorn enterprises, with 6 of them (75%) actively operating in the area, serving as a strong engine for new economic development and new momentum cultivation [2]. - The local tax authority has established a key enterprise tax credit management ledger to assist companies in enhancing their tax credit ratings and fostering innovation [3].