David Solomon

Appreciate your having me.

I think the world is set up at the moment to be incredibly constructive in 2026 for M&A and capital markets activity.

And I think the likely scenario is it is a very, very good year for M&A and capital markets activity.

I think the world is set up at the moment to be incredibly constructive in 2026 for M&A and capital markets activity.

And I think the likely scenario is it is a very, very good year for M&A and capital markets activity.

We have $32 billion of remaining buyback capacity under our current share repurchase authorization.

And while we are mindful of our current stock price, we will remain dynamic in executing repurchases.

While the bar for transformational M&A remains very high, we will continue to look for ways

to accelerate growth in asset and wealth management.

To get us started, we have here on set exclusively with us, David Solomon, chairman and CEO of Goldman Sachs.

Good morning.

Very nice to see you.

Very good conditions.

We're in an equity bull market, MAG7 and everything else.

We've had this historic meeting last week between the two presidents, US and China.

What do you make of the state of play right now?

Are we in a much better position than we were at the start of the year?

I mean, speaking of, let me borrow your phrase, participate, there's been a resurgence in equity capital market raising here in Hong Kong.

A lot of the Chinese companies, tech or otherwise, are raising capital for the future.

I want to get your sense, as someone who sits in New York, you travel, of course, all around the world.