【招银国际】Expect $3.5bn CB dilutive effect to be short-term.pdf

–Expect steady 3Q23 despite macro uncertainty

Economics：TSF&CPI Missed Expectations，Property Demand Weakened

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

美团(3690 HK): 核心本地商业利润增长超预期，优选亏损继续环比收窄—维持优于大市; 上调目标价28％(Meituan: Core Local Business Profit Growth Exceeds Expectations, Preferre

A-Share Market Strategy Weekly: Market Expectations Going Up

Sales of Comfy brand surpass expectations

China Policy:Credit growth is expected to rebound in 2023

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

1Q23E profit beat expectations; Multiple catalysts ahead

Expect sequential improvement ahead