| 【Fixed Income Research】MOLAND – 22s bonds are good carry play |
| 【Company Research】Tencent (700 HK) – Regulation headwinds yet over |
| 【Company Research】WuXi AppTec (603259 CH) – Strong recovery continued |
| 【Company Research】Li Ning (2331 HK) – Shifting gears from margin to sales |
| 【Company Research】Sunny Optical (2382 HK) – A bumpy ride to year end; Downgrade to HOLD |
| 【Company Research】Baidu (BIDU US) – Prudent ads outlook in 2H21E |
| 【Fixed Income Research】CSIPRO – A low beta and carry play |
| 【Fixed Income Research】YUZHOU – Back on track as expected |
| 【Company Research】iQIYI (IQ US) – Wait for more content rollout |
| 【公司研究】蔚来汽车 (NIO US) – 二季度业绩优于预期,新车型发布加速落地 |