Goldman Sachs Bets Big on HKEX's AI Fueled Recovery Goldman Sachs has upgraded its rating for Hong Kong Exchanges and Clearing Limited (HKEX) to "buy," citing Beijing's growing policy support and the rising interest in China's artificial intelligence stocks as key drivers for HKEX's expected resurgence.
Analysts Thomas Wang and Simone Chen point to these factors, which they believe will boost trading activity and drive revenue growth.
HKEX's shares have dropped by about 5% so far this year, mirroring the decline of the Hang Seng Index.