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Goldman CEO Expects Foreign Investors to Further Return to China in 2026

Published: Nov. 5, 2025 4:08 a.m. GMT+8

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Goldman Sachs Group Inc. CEO David Solomon speaks the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority on Nov. 4, 2025. Photo: Bloomberg

Goldman Sachs Group Inc. CEO David Solomon said global investors are gradually returning to Chinese equities following years of steep market losses, and he expects the recovery to extend into 2026.

Speaking Tuesday at the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority, Solomon said China’s stock market had regained about half the roughly $6 trillion in value lost between 2020 and 2022. He added that investor sentiment toward Chinese assets has normalized over the past year, signaling renewed confidence.

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Goldman Sachs CEO David Solomon reports renewed global investor interest in Chinese equities, with markets recovering about half of the $6 trillion lost from 2020-2022.
Morgan Stanley CEO Ted Pick highlights China's strength in AI, robotics, EVs, biotech, and notes increasing Asian diversification, especially in Japan and India.
Both Solomon and Pick expect a 10-15% short-term global market correction, while Capital Group CEO Mike Gitlin sees current valuations as fair to full, not cheap.

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Who’s Who

Goldman Sachs Group Inc.: Goldman Sachs Group Inc.'s CEO, David Solomon, observed a revival in global investor interest in Chinese equities, expecting this trend to continue into 2026. He noted that China's stock market has recovered half of the $6 trillion lost between 2020 and 2022, attributing this to improving U.S.-China relations and attractive valuations.

Morgan Stanley & Co. Inc.: Ted Pick, CEO of Morgan Stanley & Co. Inc., highlighted that Chinese companies in sectors like AI, robotics, EVs, and biotech are becoming global leaders. He stated that Hong Kong and China are crucial for investors seeking great companies and dispersion. Pick also noted growing investor interest and corporate governance reforms in Japan, and India's infrastructure and regulatory advancements.

Capital Group: Mike Gitlin, CEO of Capital Group, was a speaker at the Global Financial Leaders’ Investment Summit hosted by the Hong Kong Monetary Authority. He discussed current valuation challenges, noting that most investors now perceive the market as priced between "fair" and "full," rather than "cheap."

AI generated, for reference only