Periodic/Sector reports

报告摘要

• Chinese equities fell further in October, with the HSI and MSCI China Index dropping 5.4% mom and 7.2% mom respectively. Markets may stay volatile in November, but policy support for equities is stepping up and we see a high probability of a bottom forming in November. We add CR Mixc, Inovance and Weichai to our BUY list and cut losses on Di.