Goldman Sachs: Maintains overweight on A-shares and H-shares, the "slow bull" pattern of A-shares seems to be more solid than ever before.

Goldman Sachs stated that it maintains an overweight rating on A-shares and H-shares, suggesting to buy low, and is optimistic about investment themes such as leading private enterprises, artificial intelligence, anti-involution, and shareholder returns. Analysts Kinger Lau and others pointed out in the report that earnings are necessary for the continued market performance, but liquidity is also a necessary condition. Currently, the “slow bull” pattern of A-shares seems to be more stable than ever before.