Group 1: Core Insights - Global investors are showing renewed interest in China, with significant opportunities arising from the growth of local enterprises and advancements in technology, particularly in artificial intelligence [1][2] - Goldman Sachs is optimistic about the long-term development and opening of the Chinese market, planning to deepen its business engagement in China [1][2][3] Group 2: Investment Banking Opportunities - The recent positive performance of the Hong Kong stock market and the acceleration of IPOs indicate a recovery in demand for corporate financial advisory services, presenting new growth opportunities for Goldman Sachs [3] - The rapid growth of domestic companies, especially in cutting-edge fields like artificial intelligence and the digital economy, supports the expansion of Goldman Sachs' investment banking business in China [3] Group 3: Economic Outlook - The Chinese economy is expected to achieve its growth targets by 2025, with structural optimization and increased consumption enhancing stability and sustainability [2] - The shift in economic growth drivers towards consumption and the service economy is anticipated to be significant over the next decade [2] Group 4: Market Attractiveness - From a relative valuation perspective, the Chinese stock market remains attractive compared to other major global markets, contingent on economic growth and corporate earnings expectations [4] - Specific asset allocation strategies are recommended for different demographics, emphasizing higher equity exposure for younger investors and more conservative allocations for those nearing retirement [4] Group 5: Long-term Commitment - Goldman Sachs is committed to long-term development in the Chinese market, encouraged by the growth of the capital market and ongoing opening measures [6] - The balance of economic structure and the continuous improvement of market openness are seen as key factors for attracting capital inflows [6]

"这次到访中国，我再次感受到，全球投资者对中国的兴趣正迎来新一轮升温。与客户交流规划，同本 地投资者对话，并深入倾听学习，能让我在后续全球走访中，与国际投资者交流对中国经济状况的想 法。"高盛集团董事长兼首席执行官苏德巍（David Solomon）表示。 在回答中国证券报记者关于"高盛投资中国计划"的提问时，苏德巍表示，近期以港股市场尤为凸显， IPO发行节奏显著加快，企业财务顾问需求同步回暖。中国本土企业活力提升，叠加人工智能等领域的 技术创新，推动了一批创新科技企业快速成长，这为高盛在华投行业务带来更多机遇。通过高盛工银理 财，高盛也积极参与国内理财市场机遇。长期而言，高盛期待中国市场的持续开放，并将长期深耕中 国，稳步推进业务扩张。 看好中国各项业务长期发展 "高盛在华业务以各类投资银行业务更为突出。近期IPO发行加速，尤其是港股市场，以及市场对财务 顾问业务需求回暖，正为我们的相关业务创造新一轮增长机遇。"苏德巍对中国证券报记者表示。 他进一步表示，当前中国经济持续释放发展活力，本土企业尤其人工智能、数字经济等前沿领域的创新 科技公司迅速成长，优质市场主体不断涌现。这也为高盛进一步拓展在华投行业务提 ...