Goldman Sachs: Maintains overweight rating on A-shares and H-shares, A-shares' "sluggish bull" trend seems more stable than before.

Goldman Sachs maintains an overweight rating on A-shares and H-shares, and recommends buying on dips, while being bullish on investment themes such as leading private enterprises, artificial intelligence, anti-burnout, and shareholder returns. Analyst Kinger Lau and others pointed out in the report that while profitability is necessary for the sustainability of the stock market, liquidity is also a necessary condition. Currently, the "slow bull" pattern in A-shares seems more stable than before.