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.
Corrections & clarifications
An article headlined 'Unicom leads telecoms rally on revamp talk' in yesterday's paper incorrectly cited information from a Goldman Sachs research report. It should have quoted analyst Helen Zhu as saying the telecommunications restructuring on the mainland could take place in the second or third quarter of this year. The A-share listings of China Mobile and China Netcom may be delayed as the China Securities Regulatory Commission has yet to give approval, according to the report.