德意志银行-xx金融业-china to clean up local government financing vehicles-20170717-deutsche bank.pdfVIP

Deutsche Bank Markets Research Asia Periodical Date China China Financial Daily 17 July 2017 Banking / Finance Banks Hans Fan, CFA Jacky Zuo China to Clean up Local Government Research Analyst Research Associate (+852 ) 2203 6353 (+852 ) 2203 6255 Financing Vehicles hans.fan@ jacky.zuo@ Top picks What is included here? ICBC (1398.HK),HKD5.27 Buy  Chinese Banks - Initial read from National Financial Working Conference Source: Deutsche Bank  Ping An - 2017 Fintech Day highlights Companies Featured  China to Clean up Local Government Financing Vehicles ICBC (1398.HK),HKD5.27 Buy China Construction Bank Buy  China Guangfa Bank Paused on IPO Plan (0939.HK),HKD6.40 Agri. Bank of China (1288.HK),HKD3.64 Hold  SOE Coal Companies in Shanxi Continued to Increase Leverage in 2016 Bank of China (398