| 【Sector Research】China Property Service Sector – The growth engine shifts to community VAS |
| 【Company Research】S.C New Energy Technology (300724 CH) – Solid backlog and stabilized margin; raise earnings estimates and TP |
| 【Company Research】WuXi AppTec (603259 CH) – Strong growth outlook in 2021 and beyond |
| 【公司研究】JS環球生活 (1691 HK) – 看好SharkNinja下半年的增長動力 |
| 【公司研究】恒立液壓 (601100 CH) – 2020年盈利超預期；結構性增長趨勢穩固 |
| 【Fixed Income Research】21Vianet Inc. – CB issuance supporting capex a credit positive (VNET) |
| 【Company Research】Suzhou Maxwell Technologies (300751 CH) – Leading screen printing equipment maker penetrating into HJT cell production equipment |
| 【公司研究】龍源電力 (916 HK) – 吸收合併將鞏固領先地位並釋放企業價值 |
| 【公司研究】偉能集團 (1608 HK) – 盡管受疫情影響，盈利仍維持高速增長 |
| 【Economic Perspectives】China Economy in 4Q20 – Growth beat; resurgence of COVID-19 may complicate near-term business outlook |
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