【申万宏源】NEW ORIENTAL (EDU.N) Recovering educational businesses.pdf

China Economy – On its way to recover

China Policy:New loans picked up as service economy continued to recover

China Policy – New loans picked up as service economy continued to recover

China Economy: On its way to recover

Improved independence with a recovered central SOE as parentco; Upgrade to BUY

Underway to recover

China Macro Monitor – Underway to recover

Recovering cross-border medical consumption in FY24

China Economy – PMI beat expectations as economy continues to recover

Insurance funds: Life/P&C diverged in allocation; financial yields marginally recovered in 2Q