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

The company said it would start trading under stock code 0100 on January 9, with pricing expected on January 7. Photo: Shutterstock

IPO

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

31 Dec 2025 - 11:20AM

Yuan

China sets yuan fixing rate at 15-month high amid offshore gains

29 Dec 2025 - 1:00PM

Malaysia

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

25 Dec 2025 - 7:15PM

Yuan

China’s offshore yuan breaks major benchmark as appreciation momentum builds

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

29 Dec 2025 - 12:25PM

China’s yuan has appreciated considerably against the US dollar in recent months. Photo: AFP

Gold in Hong Kong

Golden era: prices surge as rally on track for US$5,000 in 2026, analysts say

Rate cuts, geopolitical tensions and central banks’ buying spree push gold prices up by 72 per cent in 2025 – the biggest annual jump ever.

25 Dec 2025 - 9:30AM

China stock market

Chinese ETFs investing in US stocks cap subscriptions as they run out of quotas

GF Fund and E Fund have capped daily subscriptions at 10 yuan, while China Asset Management has stopped accepting new subscriptions.

24 Dec 2025 - 8:30AM

China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

23 Dec 2025 - 8:00PMvideocam

Residential buildings are seen under construction in Fuyang, Anhui province, on December 15. Photo: Getty Images

China stock market

Goldman forecasts continued growth for Chinese stocks in 2026 as risks fade

The US investment bank, having correctly predicted the stock market gains this year, expects the bull run to continue, but at a slower pace.

22 Dec 2025 - 3:45PM

China food security

Explainer | What does future hold for Brazil, US in China’s soybean balancing act?

The two countries remain top suppliers, but efforts to promote self-sufficiency are set to reduce reliance on imports.

18 Dec 2025 - 1:12AMvideocam

China trade

China bets big on copper processing, but ‘weaponisation’ risks are low: analysts

Beijing views copper as critical for EVs and AI, but a reliance on imported ore limits China’s ability to use the strategic metal as leverage.

17 Dec 2025 - 6:00PMvideocam

A coil of copper rod sits on the production line for copper flat wire at a factory in China’s Jiangxi province in August. Photo: Reuters

Malaysia 1MDB scandal

Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

The 12 artworks, including pieces by Picasso and Matisse, were bought by a former lawyer for the state investment fund.

15 Dec 2025 - 2:33PM

The works are being held by Christie’s and Sotheby’s auction houses in the United States. Photo: Shutterstock

China consumption

China’s growth engines sputter as retail and investment hit in November

Retail sales grew just 1.3 per cent, with growth momentum slowing for six straight months, and January-November investment fell 2.6 per cent as the property slump persisted.

15 Dec 2025 - 6:40PMvideocam

China consumption

Forging ahead: China’s copper heartland vows to build US$28 billion empire

Shandong province plans to create a world-class smelting hub by 2027 to secure supply chains for the strategic metal as prices sizzle.

13 Dec 2025 - 11:00AM

China trade

China’s food-security push to slash soy imports by two-thirds: Goldman Sachs

Beijing is lowering feed content and making related advancements that analysts say could reduce China’s foreign-soybean dependence dramatically within a decade.

12 Dec 2025 - 11:00AM

Soybeans are loaded into a truck in August so they can be hauled to an elevator in the US state of Illinois. Photo: TNS

Hong Kong stock market

Hong Kong stocks advance as traders position for additional growth measures

Investors anticipate further easing on monetary, fiscal and property fronts after Beijing vowed to strengthen domestic market.

12 Dec 2025 - 4:43PM

Traders are hoping authorities will roll out further pro-growth initiatives to better align supply with domestic consumption, according to analysts. Photo: AFP

China stock market

Investors brace as Beijing’s policy huddle tests China’s stock rebound

With China’s stock rally fading, markets are pinning their hopes on the Central Economic Work Conference for signs of clearer policy support.

10 Dec 2025 - 3:10PM

Hong Kong stock market

Hong Kong stocks extend losses amid rate-cut caution, muted China policy outlook

Global banks cite lack of urgency in policy signals; Wall Street retreat adds pressure on sentiment.

9 Dec 2025 - 4:29PM

Technology

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Studies from Vietnam to South Korea show AI adoption has not cannibalised jobs. Instead of simple mechanisation, economies are synergising.

7 Dec 2025 - 9:30AMvideocam

The automated Seres Super Factory fpr electric vehicles in Liangjiang New Area, southwest China’s Chongqing, on September 19. Photo: Xinhua

China stock market

FTSE’s rebalancing of China indexes to spur US$850 million fund flows: Goldman

Consumer retailers, carmakers and internet companies are expected to bear the brunt of fund outflows.

4 Dec 2025 - 3:01PM

Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

3 Dec 2025 - 3:14PM

Mainland China

China’s economy may wave goodbye to 5% growth

An eighth straight month of contraction in manufacturing and weakness in services, suggests that China’s days of 5 per cent annual economic growth are coming to an end.

1 Dec 2025 - 5:23PM

Hong Kong stock market

Tech firms lead Hong Kong stock advance with rate cut ‘locked in’

Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.

1 Dec 2025 - 4:48PM

Pedestrians walk in front of an electronic sign board showing the Hang Seng Index in Hong Kong on July 11, 2025. Photo: AFP

China's economic recovery

Explainer | What’s next for China’s economy in 2026 – and how it plans to tackle challenges

Top investment banks forecast moderate growth next year amid trade, property and structural challenges.

1 Dec 2025 - 9:18AM

Banking & finance

Gold prices could hit record highs of over US$4,900 next year: forecasts

Several banks project gold prices could rise above US$4,900 per ounce in 2026, with US rate cuts and central bank buys keeping demand strong.

28 Nov 2025 - 3:21PMvideocam

Banking & finance

Yuan’s long-term hedge costs equalise for first time since 2011

The risk reversal as the yuan has fared better than expected this year and as investors brace for a weaker dollar on Fed rate cut prospects.

25 Nov 2025 - 2:35PM

The offshore yuan has strengthened 3.4 per cent against the dollar this year. Photo: Getty Images

Singapore

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

24 Nov 2025 - 6:36PMvideocam

China stock market

China’s AI stock rally has room to run as valuations lag US giants: Goldman

AI stock rally is sustainable and tech shares will be driven by application-focused growth, chief China equity strategist Kinger Lau says.

24 Nov 2025 - 7:30AM

Banking & finance

CICC to absorb 2 smaller rivals to create US$140 billion brokerage

CICC will acquire Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two smaller rivals.

20 Nov 2025 - 12:34PM

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Goldman Sachs

China AI start-up MiniMax kicks off US$538 million Hong Kong IPO

Start of Shanghai-based company’s share sale follows launch of rival Zhipu’s US$560 million IPO a day earlier.

China sets yuan fixing rate at 15-month high amid offshore gains

With 1MDB verdict due, will Malaysia’s Najib have to ‘prepare for the worst’?

China’s offshore yuan breaks major benchmark as appreciation momentum builds

For the first time since 2024, the currency strengthened past the threshold of seven per US dollar – and did it again the next day.

Golden era: prices surge as rally on track for US$5,000 in 2026, analysts say

Rate cuts, geopolitical tensions and central banks’ buying spree push gold prices up by 72 per cent in 2025 – the biggest annual jump ever.

Chinese ETFs investing in US stocks cap subscriptions as they run out of quotas

GF Fund and E Fund have capped daily subscriptions at 10 yuan, while China Asset Management has stopped accepting new subscriptions.

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

Goldman forecasts continued growth for Chinese stocks in 2026 as risks fade

The US investment bank, having correctly predicted the stock market gains this year, expects the bull run to continue, but at a slower pace.

.css-sioo19{color:#c79a00;}Explainer | What does future hold for Brazil, US in China’s soybean balancing act?

The two countries remain top suppliers, but efforts to promote self-sufficiency are set to reduce reliance on imports.

China bets big on copper processing, but ‘weaponisation’ risks are low: analysts

Beijing views copper as critical for EVs and AI, but a reliance on imported ore limits China’s ability to use the strategic metal as leverage.

Malaysia to get back US$30 million worth of fine art linked to 1MDB scandal

The 12 artworks, including pieces by Picasso and Matisse, were bought by a former lawyer for the state investment fund.

China’s growth engines sputter as retail and investment hit in November

Retail sales grew just 1.3 per cent, with growth momentum slowing for six straight months, and January-November investment fell 2.6 per cent as the property slump persisted.

Forging ahead: China’s copper heartland vows to build US$28 billion empire

Shandong province plans to create a world-class smelting hub by 2027 to secure supply chains for the strategic metal as prices sizzle.

China’s food-security push to slash soy imports by two-thirds: Goldman Sachs

Beijing is lowering feed content and making related advancements that analysts say could reduce China’s foreign-soybean dependence dramatically within a decade.

Hong Kong stocks advance as traders position for additional growth measures

Investors anticipate further easing on monetary, fiscal and property fronts after Beijing vowed to strengthen domestic market.

Investors brace as Beijing’s policy huddle tests China’s stock rebound

With China’s stock rally fading, markets are pinning their hopes on the Central Economic Work Conference for signs of clearer policy support.

Hong Kong stocks extend losses amid rate-cut caution, muted China policy outlook

Global banks cite lack of urgency in policy signals; Wall Street retreat adds pressure on sentiment.

.css-1m2rp1p{color:#34b8b5;}Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story

Studies from Vietnam to South Korea show AI adoption has not cannibalised jobs. Instead of simple mechanisation, economies are synergising.

FTSE’s rebalancing of China indexes to spur US$850 million fund flows: Goldman

Consumer retailers, carmakers and internet companies are expected to bear the brunt of fund outflows.

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

China’s economy may wave goodbye to 5% growth

An eighth straight month of contraction in manufacturing and weakness in services, suggests that China’s days of 5 per cent annual economic growth are coming to an end.

Tech firms lead Hong Kong stock advance with rate cut ‘locked in’

Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.

Explainer | What’s next for China’s economy in 2026 – and how it plans to tackle challenges

Top investment banks forecast moderate growth next year amid trade, property and structural challenges.

Gold prices could hit record highs of over US$4,900 next year: forecasts

Several banks project gold prices could rise above US$4,900 per ounce in 2026, with US rate cuts and central bank buys keeping demand strong.

Yuan’s long-term hedge costs equalise for first time since 2011

The risk reversal as the yuan has fared better than expected this year and as investors brace for a weaker dollar on Fed rate cut prospects.

Standard Chartered faces US$2.7 billion 1MDB suit in Singapore

The lawsuit alleges Standard Chartered enabled acts of fraud leading to US$2.7 billion in losses over a decade. The bank plans to appeal.

China’s AI stock rally has room to run as valuations lag US giants: Goldman

AI stock rally is sustainable and tech shares will be driven by application-focused growth, chief China equity strategist Kinger Lau says.

CICC to absorb 2 smaller rivals to create US$140 billion brokerage

CICC will acquire Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two smaller rivals.

Explainer | What does future hold for Brazil, US in China’s soybean balancing act?

Opinion | Does AI’s rise have to mean job losses? East Asia tells a different story