| 【Company Research】Jiangsu Hengli (601100 CH) – Net profit in 2Q21 down only 2% YoY; slightly better than expectations |
| 【Company Research】Tongcheng-Elong (780 HK) – Looking beyond 3Q21E headwinds |
| 【Company Research】PICC P&C (2328 HK) – 1H21 performance in line |
| 【Company Research】COLI (688 HK) – Margin pressure may overshadow the earnings visibility |
| 【Company Research】CMGE Technology (302 HK) – Moving into strong 2H21E pipeline |
| 【Fixed Income Research】HONGQI - Reiterate OW on solid fundamental and diversification play |
| 【Company Research】China Aoyuan (3883 HK) – 1H21 results miss |
| 【Fixed Income Research】CAPG - Vigilant investment penetrates deleverage |
| 【Company Research】Baozun (BZUN US) – 2H21E headwinds yet over |
| 【Company Research】JOYY Inc. (YY US) – Soft guidance on overseas traffic normalization |