Goldman Sachs' Wang Jun's latest statement: There is no bubble in China's AI industry.

Wang Yajun, Co-Head of Equities Capital Markets at Goldman Sachs Asia, said during an online media briefing that Hong Kong's capital markets will maintain an active trend in 2026. The business volume of IPOs and secondary offerings will remain at high levels, and the overall financing scale will be higher than the historical average. Compared to the explosive growth of 170% from 2024 to 2025, the growth rate in 2026 is expected to slow down, but will still remain at a high level. Regarding the hot AI race, Wang Yajun mentioned that there is no bubble in China's AI industry.