【光大证券】China's Economy：Money and Credit Growth Beats Expectations; the Central Bank might Slightly Rein in Its Pace of Monetary Loosening.pdf

China Property Sector – Property+ Weekly： Can we expect post-CNY recovery？

1H23 Preview: weak revenue amid industry headwinds; expect smartphone recovery in 2H23E

Expect $3.5bn CB dilutive effect to be short-term

China Property Sector: NBS Nov data in line, expect new policy in BJ／SH to boost secondary market in Dec

【Sector Research】China Property Sector–NBS Jun data： weak as expected, a tough 3Q ahead

China Property Sector: NBS Aug data in-line, expect better recovery in SepOct but sustainability is uncertain

Expect Shengyi to enter Nvidia supply chain in 2024

–Expect steady 3Q23 despite macro uncertainty

3Q NPAT boosted by net fair value gains; expect resilient full-year NBV upswing

We expect prudent guidance but decent margins