Goldman Sachs CEO Says Firm Is `Long-Term Committed' to China

The transcript discusses Goldman Sachs' long-term commitment to growing its business in China despite potential geopolitical pressures. It highlights the importance of participating in China's capital markets and the challenges of talent acquisition in Hong Kong due to COVID-19 restrictions. The company remains optimistic about future opportunities, considering the economic significance of China.

What is Goldman Sachs' approach to growing its business in China despite potential geopolitical pressures?

• Focus on short-term gains

• Commit to long-term growth

• Avoid expansion in China

• Prioritize U.S. market over China

Why does the speaker believe China's capital markets will continue to grow?

• Global institutions strengthen China's capital markets

• China plans to close its markets to global institutions

• China is reducing listing activities in Hong Kong

• China is focusing solely on domestic investments

What is a significant challenge for talent acquisition in Hong Kong according to the speaker?

• Limited job opportunities

• Strict quarantine measures

• High competition for talent

• Lack of skilled professionals

What percentage of Goldman Sachs' workforce is in their 20s?

• 50%

• 40%

• 30%

• 60%

How does the speaker describe the current global environment for talent?

• Less competitive than usual

• Stable and predictable

• Declining in competitiveness

• More competitive than usual

What impact do travel restrictions have on economic activity according to the speaker?

• Immediate boost to the economy

• Negative impact over time

• Positive impact on local businesses

• No impact on economic activity

What is the speaker's expectation regarding the loosening of travel restrictions in China?

• They will tighten further

• They will remain indefinitely

• They will loosen quickly

• They will eventually loosen