Goldman Sachs' Thematic Investing team officially recommended long positions in China's AI value chain on July 9, 2026. The firm added the sector to its core recommendations and launched the Goldman Sachs China AI Value Chain portfolio (GSXACART).
Analysts identified a significant valuation gap where potential economic benefits could be 50% to 100% higher than current share prices. The report notes that China’s AI sector represents only a small fraction of global market capitalization despite its substantial revenue contribution.
The Hang Seng China Enterprises Index surged as much as 4.5% intraday following the announcement. This rally represents the index's largest single-day gain since February 2025.