He Lifeng Meets Goldman Sachs Chairman and CEO David Solomon

Key Points

Nov 4, 2025 meeting: Senior official He Lifeng (何立峰) met David Solomon (苏德巍) of Goldman Sachs (高盛) in Beijing, signaling renewed high-level engagement between China and major international banks.
Leader-level direction from Busan: He urged implementation of the consensuses reached by leaders in Busan, aimed at stabilizing expectations and promoting stable, healthy, sustainable China–U.S. economic ties.
Goldman’s stance: Goldman Sachs (高盛) expressed optimism about China’s outlook and committed to supporting the high-quality development of China’s capital markets.
Practical signals to watch: Investors should track implementation milestones, increases in cross-border M&A, IPO activity, and foreign banks expanding local teams as indicators of reduced political uncertainty and rising deal flow.

He Lifeng Meets Goldman Sachs Chairman and CEO David Solomon

Beijing meeting between senior Chinese official and Goldman Sachs CEO — what happened

On November 4, 2025, in Beijing, He Lifeng (何立峰), a member of the Political Bureau of the CPC Central Committee (Zhonggong Zhongyang Zhengzhiju 中共中央政治局) and director of the Office of the Central Financial and Economic Affairs Commission (Zhongyang Caiban 中央财办), met with David Solomon (苏德巍), chairman and chief executive officer of Goldman Sachs (Gao Sheng 高盛).

He said the successful meeting between the two countries’ heads of state in Busan, South Korea, provided clear direction for the next stage of bilateral economic and trade relations.

He urged both sides to conscientiously implement the series of important consensuses reached by the two leaders.

He said doing so will help enterprises on both sides stabilize expectations and promote a stable, healthy and sustainable development of China–U.S. economic and trade ties.

He added that such progress in China–U.S. relations benefits global economic stability.

He also welcomed Goldman Sachs to continue investing and operating in China.

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Solomon: Goldman Sachs remains optimistic about China’s outlook

David Solomon responded that Goldman Sachs (Gao Sheng 高盛) is optimistic about China’s economic prospects.

Solomon said the firm is willing to continue contributing to the high-quality development of China’s capital markets.

Quick takeaways for investors, founders, techies, and marketers

Diplomacy matters for markets.

Senior-level meetings like this reduce political uncertainty and help restore confidence among global investors.

Signal to foreign banks.

This meeting is a clear signal that major international financial institutions remain engaged with China’s capital markets.

Practical benefit for companies.

When leaders publicly endorse implementation of agreements, companies can better plan cross-border deals, listings, and long-term investments.

Opportunity areas to watch.

Expect increased activity in:

cross-border investment and M&A;
deals tied to capital market access and IPO activity;
financial services partnerships and wealth management flows.

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What this means for Goldman Sachs and other foreign financial firms

Commitment to China.

Goldman Sachs’ stated optimism suggests it will continue deploying resources to engage with Chinese clients and markets.

Strategic positioning.

For global banks, these relationships help secure advisory mandates and underwriting roles as markets normalize.

Brand and regulatory navigation.

Maintaining close dialogues with Chinese regulators and policymakers remains essential for compliance and opportunity capture.

How to interpret the message from a startup and growth perspective

Reduced friction for cross-border founders.

When policy signals stabilize, founders can more confidently pursue international fundraising or strategic partnerships.

Marketing and GTM teams.

Marketers should watch for renewed investor interest in China-focused narratives and product-market fit stories that appeal to global backers.

What to watch next — practical signals investors should track

Implementation milestones.

Look for concrete actions that translate leader-level consensus into policy changes, pilot programs, or regulatory guidance.

Deal flow.

Watch for upticks in cross-border M&A, new listings, or foreign banks expanding local teams.

Market reactions.

Monitor sentiment shifts across equities, bond markets, and capital-raising activity tied to China–U.S. relations.

Why this matters to global economic stability

Stable China–U.S. economic ties support broader markets.

Given the size of both economies, clearer bilateral frameworks help reduce global volatility and friction in trade and finance.

Investor confidence is contagious.

When major players like Goldman Sachs express optimism, it often nudges peers and asset managers to reassess risk and allocation decisions.

References