TOPIC

/ company

Goldman Sachs

Goldman Sachs is a New York-based investment banking firm that engages in global investment banking, securities, investment management, and other financial services, primarily with institutional clients. Founded in 1869, the firm is recognised as one of the most prestigious institutions in the world, although its reputation has suffered after the financial sector drew fire since the global financial crisis.

Chairman / President

David Solomon

CEO / Managing Director

David Solomon

CFO / Finance Director

Lloyd Blankfein (Chairman and CEO)

Industry

Banking, Financial services

Website

GoldmanSachs.com

Headquarters address

200 West Street, New York, New York, U.S.

Stock Code

NYSE:GS

Year founded

1869

South Korea’s central bank announced earlier this week that it would end a 13-year hiatus on gold purchases. Photo: Reuters

Gold in Hong Kong

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

7 Aug 2026 - 5:17PM

Artificial intelligence

The ‘rice of electronics’: AI boom is fuelling China’s MLCC supply chain

6 Aug 2026 - 7:30PM

Yuan

China needs a stronger yuan, ‘fiscal boost’ to drive near-term growth: analysts

6 Aug 2026 - 4:06PM

Hong Kong stock market

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

6 Aug 2026 - 6:49PM

Banking & finance

The US helped boost the yen. Can China do the same for the Australian dollar?

Currency traders believe Beijing’s economic policies could give the Australian dollar a boost. Analysts say things are more complex in reality.

6 Aug 2026 - 3:18PMvideocam

Artificial intelligence

What triggered Goldman Sachs to lift its China AI revenue forecast by 30%

Bank forecasts a sharp revenue surge after Chinese AI models slash costs, boost capabilities and capture global token share.

5 Aug 2026 - 6:30PM

Commodities

China’s commodities footprint guards against global energy shocks: Goldman Sachs

Analysts at investment bank say Beijing has become de facto ‘volatility arbiter’ for global commodity markets.

4 Aug 2026 - 12:02PMvideocam

China stock market

From property to portfolios: why Chinese families are walking away from homes

While Chinese families grow cautious, South Korean retail investors use record leverage to chase tech ETFs despite mounting risks.

1 Aug 2026 - 9:00AM

Fifa

Infantino forced to scrap World Cup sell-off plan, senior Fifa adviser quits

Fifa president scraps plans to sell off World Cup hours after former Goldman Sachs banker Carlos Cordeiro calls it ‘bad deal for football’.

1 Aug 2026 - 8:51AM

Artificial intelligence

Sudden US AI fund sell-off serves as wake-up call for Chinese tech traders

In July alone, Situational Awareness, which bet heavily on the AI supply chain, reportedly saw its portfolio value plummet 67 per cent.

31 Jul 2026 - 10:30PM

Digital screens display trading numbers on the floor of the New York Stock Exchange (NYSE) on July 23, 2026. Photo: AFP

Artificial intelligence

Video AI: MiniMax challenges ByteDance with low price, open weights

Firm aims to ‘support open-source community’ and a ‘broad range of hardware’, as H3 model bests Seedance 2.0 in some tasks.

31 Jul 2026 - 6:30PM

People walk past the MiniMax booth during the World Artificial Intelligence Conference in Shanghai on July 17. Photo: Reuters

Hong Kong stock market

Zhongji Innolight sees rocky start as shares fall on Hong Kong IPO amid AI sell-off

The Chinese firm completed Hong Kong’s biggest IPO of the year, but its debut comes amid waning investor confidence in AI-related stocks.

31 Jul 2026 - 1:39PM

Artificial intelligence

Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

As use of Chinese artificial intelligence soars, companies will look to boost revenue capture, says bank’s head of Asia internet research.

28 Jul 2026 - 10:02AMvideocam

IPO

Listing spotlight: tariffs drag Shein back into the red ahead of Hong Kong IPO

Tariffs, war and rising costs squeeze company’s margins as IPO looms, testing investor appetite for fast-fashion.

27 Jul 2026 - 11:00AM

Shein’s net revenue edged up 1.1 per cent to US$9.05 billion in the first quarter of 2026. Photo: Reuters

China's economic recovery

China’s income tax revenue soars 13% – but average pay has little to do with it

Local authorities are turning to stricter tax enforcement to shore up mounting budget strains, even as broader income growth lags.

24 Jul 2026 - 10:00AM

A man stands at a crossroads in Lujiazui financial district in Pudong, Shanghai, on March 5, 2021. Photo: Reuters

Artificial intelligence

Opinion | Hong Kong must wake up to the cold hard geopolitics of AI

With AI increasingly being treated as a strategic asset, the city should ensure it has access to the technologies shaping the global finance.

24 Jul 2026 - 9:30AMvideocam

Artificial intelligence

China’s tech firms push beyond hardware to power the global AI boom

China’s AI model developers, optical-module makers and warehouse-robot suppliers are taking different routes to reach global markets.

23 Jul 2026 - 6:00PM

IPO

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

23 Jul 2026 - 5:00PM

The Hong Kong Exchanges and Clearing in Exchange Place in Central on July 21. Photo: Jelly Tse

Fame and celebrity

Who is financier Julian Croonenberghs, Olivia Rodrigo’s rumoured new boyfriend?

Fans suspect the singer, who just launched her new You Seem Pretty Sad for a Girl So in Love album, met the Brown University graduate through his DJ sister, Jade.

23 Jul 2026 - 6:00AM

SCMP Highlights

Xiaomi’s focus on new SUVs, BYD’s 15,000km-driving range cars: 7 EV reads

From CATL shares forecast to grow 50 per cent to the effects of China’s EV tax break ending, here are seven EV stories you may have missed.

22 Jul 2026 - 4:03PM

Artificial intelligence

Another ‘DeepSeek moment’? What China’s Kimi K3 means for the global AI industry

The new model from Moonshot AI has revived doubts over Silicon Valley’s cost-heavy strategy, but analysts expect demand for compute to keep rising.

22 Jul 2026 - 1:11AMvideocam

Kimi K3 is an advanced chatbot developed by Moonshot AI, a Chinese technology company backed by Alibaba Group Holding. Photo: Shutterstock

Hong Kong stock market

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

The Chinese firm is aiming to raise US$8 billion in its Hong Kong listing on July 30, making it the city’s biggest share sale in seven years.

21 Jul 2026 - 9:31PM

Zhongji Innolight is set to launch its initial public offering in Hong Kong on July 30. Photo: Jelly Tse

China manufacturing

China’s car industry is on a tear overseas. So why are sales at home plunging?

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.

21 Jul 2026 - 8:00AMvideocam

Hong Kong stock market

Hong Kong tech resilience tested as South Korea’s Kospi slides into bear market

Foreign investors have pulled US$110 billion from Seoul this year, rotating into undervalued Chinese giants as momentum seen slowing for expensive tech stocks.

17 Jul 2026 - 4:29PM

Hong Kong stock market

Goldman Sachs backs HKEX with ‘buy’ rating, citing Beijing’s policy support

Shares of HKEX have lost about 5 per cent so far this year, roughly in line with the performance of the Hang Seng Index.

16 Jul 2026 - 5:26PM

Beijing has doubled down on its support for Hong Kong’s stock market. Photo: Shutterstock Images

Artificial intelligence

As US AI costs soar, global firms pivot to China’s cheap, open-weight models

A sharp narrowing of the performance gap is prompting some developers to shift from costly American giants to budget-friendly Chinese alternatives.

16 Jul 2026 - 9:25AMvideocam

The daily token volume of Zhipu’s GLM-5.2 has surged 50-fold on Vercel since mid-June, according to the San Francisco-based cloud platform for AI web development. Photo: Shutterstock Images

Artificial intelligence

Sam Altman signals OpenAI price war as rivalry with Anthropic, China heats up

American AI pioneer eyes 75 per cent fee cut for flagship software to counter market gains by Claude and low-cost alternatives from Chinese providers.

15 Jul 2026 - 8:30PM

IPO

Waning appetite: why mainland Chinese F&B stocks are losing favour in Hong Kong

IPO lapses and sliding share prices underscore how weak consumption is dulling Hong Kong’s appetite for mainland China’s food sector.

15 Jul 2026 - 5:16PM

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Goldman Sachs

Gold’s price potential still ‘explosive’ amid Beijing hoarding

Rising demand from central banks to drive a rebound despite temporary downside pressure from energy and interest rates, Goldman Sachs says.

The ‘rice of electronics’: AI boom is fuelling China’s MLCC supply chain

China needs a stronger yuan, ‘fiscal boost’ to drive near-term growth: analysts

As Hong Kong shares react to 20% levy report, investors eye Beijing’s next steps

Prudential, AIA and HSBC slid following report of the insurance levy, though Goldman Sachs says profit fallout may be limited.

The US helped boost the yen. Can China do the same for the Australian dollar?

Currency traders believe Beijing’s economic policies could give the Australian dollar a boost. Analysts say things are more complex in reality.

What triggered Goldman Sachs to lift its China AI revenue forecast by 30%

Bank forecasts a sharp revenue surge after Chinese AI models slash costs, boost capabilities and capture global token share.

China’s commodities footprint guards against global energy shocks: Goldman Sachs

Analysts at investment bank say Beijing has become de facto ‘volatility arbiter’ for global commodity markets.

From property to portfolios: why Chinese families are walking away from homes

While Chinese families grow cautious, South Korean retail investors use record leverage to chase tech ETFs despite mounting risks.

Infantino forced to scrap World Cup sell-off plan, senior Fifa adviser quits

Fifa president scraps plans to sell off World Cup hours after former Goldman Sachs banker Carlos Cordeiro calls it ‘bad deal for football’.

Sudden US AI fund sell-off serves as wake-up call for Chinese tech traders

In July alone, Situational Awareness, which bet heavily on the AI supply chain, reportedly saw its portfolio value plummet 67 per cent.

Video AI: MiniMax challenges ByteDance with low price, open weights

Firm aims to ‘support open-source community’ and a ‘broad range of hardware’, as H3 model bests Seedance 2.0 in some tasks.

Zhongji Innolight sees rocky start as shares fall on Hong Kong IPO amid AI sell-off

The Chinese firm completed Hong Kong’s biggest IPO of the year, but its debut comes amid waning investor confidence in AI-related stocks.

.css-1f6sr3w{color:#727272;}Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

As use of Chinese artificial intelligence soars, companies will look to boost revenue capture, says bank’s head of Asia internet research.

Listing spotlight: tariffs drag Shein back into the red ahead of Hong Kong IPO

Tariffs, war and rising costs squeeze company’s margins as IPO looms, testing investor appetite for fast-fashion.

China’s income tax revenue soars 13% – but average pay has little to do with it

Local authorities are turning to stricter tax enforcement to shore up mounting budget strains, even as broader income growth lags.

.css-1pcrwvc{color:#2aa191;}Opinion | Hong Kong must wake up to the cold hard geopolitics of AI

With AI increasingly being treated as a strategic asset, the city should ensure it has access to the technologies shaping the global finance.

China’s tech firms push beyond hardware to power the global AI boom

China’s AI model developers, optical-module makers and warehouse-robot suppliers are taking different routes to reach global markets.

Zhongji sets highest subscription threshold in Hong Kong IPO history

Zhongji sets an IPO city record for minimum lot price, which may price out retail investors though institutional demand remains strong.

Who is financier Julian Croonenberghs, Olivia Rodrigo’s rumoured new boyfriend?

Fans suspect the singer, who just launched her new You Seem Pretty Sad for a Girl So in Love album, met the Brown University graduate through his DJ sister, Jade.

Xiaomi’s focus on new SUVs, BYD’s 15,000km-driving range cars: 7 EV reads

From CATL shares forecast to grow 50 per cent to the effects of China’s EV tax break ending, here are seven EV stories you may have missed.

Another ‘DeepSeek moment’? What China’s Kimi K3 means for the global AI industry

The new model from Moonshot AI has revived doubts over Silicon Valley’s cost-heavy strategy, but analysts expect demand for compute to keep rising.

Zhongji Innolight already has 30 cornerstone investors for US$8b IPO: sources

The Chinese firm is aiming to raise US$8 billion in its Hong Kong listing on July 30, making it the city’s biggest share sale in seven years.

China’s car industry is on a tear overseas. So why are sales at home plunging?

Chinese car brands have suffered a steep drop in domestic sales this year, with Beijing scaling back subsidies and buyers reluctant to spend.

Hong Kong tech resilience tested as South Korea’s Kospi slides into bear market

Foreign investors have pulled US$110 billion from Seoul this year, rotating into undervalued Chinese giants as momentum seen slowing for expensive tech stocks.

Goldman Sachs backs HKEX with ‘buy’ rating, citing Beijing’s policy support

Shares of HKEX have lost about 5 per cent so far this year, roughly in line with the performance of the Hang Seng Index.

As US AI costs soar, global firms pivot to China’s cheap, open-weight models

A sharp narrowing of the performance gap is prompting some developers to shift from costly American giants to budget-friendly Chinese alternatives.

Sam Altman signals OpenAI price war as rivalry with Anthropic, China heats up

American AI pioneer eyes 75 per cent fee cut for flagship software to counter market gains by Claude and low-cost alternatives from Chinese providers.

Waning appetite: why mainland Chinese F&B stocks are losing favour in Hong Kong

IPO lapses and sliding share prices underscore how weak consumption is dulling Hong Kong’s appetite for mainland China’s food sector.

Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

Opinion | Hong Kong must wake up to the cold hard geopolitics of AI