【招银国际】We see long-term value but short-term risks.pdf

China Pharmaceutical & Healthcare:Supportive policies to TCM, VBP may be short-term pain

Hanging Out to Dry? Long-term Macroeconomic Effects of Drought in Fragile and Conflict-Affected States

A trough in the short term?

–3Q rev／np +13%／16%; mixed near-term outlook

–Limited long-term impact on commission rate cut for home transactions in Beijing

3rd Meeting of the One Health High-Level Expert Panel (OHHLEP) of Term II

three-long-term-trends-changing-business-in-china

NDR takeaways：a bumpy 1H23 ahead; Auto／VR／ AR business to drive long-term growth

Accelerating AI development to drive long-term growth

Solid core businesses; upbeat on long-term development of e-commerce and AI