| 【Fixed Income Research】Asia Credit outlook 2023 - After dawn |
| 【Sector Research】China Technology – Limited surprise on Apple order cut; Suggest to focus on non-smartphone names |
| 【Company Research】FIT Hon Teng (6088 HK) – Positive on the acquisition of Germany automotive component supplier; Reiterate BUY |
| 【Company Research】China Feihe (6186 HK) – Looks to be a beta play within 1H23, when birth rate likely starts inflecting post 3Q |
| 【行业研究】中国互联网行业 – 新加坡分析师路演反馈：春暖花开时 |
| 【Sector Research】China Internet – Uncertainties still exist although the direction is towards co-operation |
| 【Sector Research】China Internet – November online game market recap |
| China Strategy Outlook 2023: HK Stocks to Rebound as China & US Economies Diverge |
| 【Company Research】Recbio (2179 HK) – Superior immunogenicity on ReCOV vs. Pfizer’s mRNA vaccine |
| 【Fixed Income Research】China South City (CSC) Equity injection from SZ LGFV at Xi'an project |
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