| 【Sector Research】China Consumer Staples – Cherry-picking winners amid a de-risking mentality; our top picks: CRB/ Mengniu/ Feihe |
| 【Company Research】CR Mixc Lifestyle (1209 HK) – MixC’s acquisition of Zhongnan PM a better deal than Yujia |
| 【Company Research】New World Development (17 HK) – Look at NWD from a mainland angle |
| 【Sector Research】China Banking Sector – Implications of Jan LPR drop |
| 【Sector Research】China Property Sector – Mildly positive if the government relaxes pre-sales funds regulation |
| 【Fixed Income Research】CSCHCN - Maturity extensions fully priced in, maintain OW |
| 【公司研究】三一重装国际 (631 HK) – 订单强劲，预计22年增速加快 |
| 【Company Research】Anta Sports (2020 HK) – 4Q21 inline but we are prudent about FY22E |
| 【Company Research】Tencent (700 HK) – Factoring in ads & games headwinds |
| 【Fixed Income Research】Health and Happiness (BTSDF) New Issue |
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