德意志银行-xx金融业-safe：better supply-demand in forex；stabilized overseas investment-20170721-deutsche bank.pdfVIP

Deutsche Bank Markets Research Asia Periodical Date China China Financial Daily 21 July 2017 Banking / Finance Banks Hans Fan, CFA Jacky Zuo SAFE: Better Supply-Demand in Research Analyst Research Associate (+852 ) 2203 6353 (+852 ) 2203 6255 Forex; Stabilized Overseas Investment hans.fan@ jacky.zuo@ Top picks What is included here? ICBC (1398.HK),HKD5.38 Buy  China Insurance Sector – Jun premium – Robust growth for both Life and Bank of China (3988.HK),HKD3.76 Buy PC Source: Deutsche Bank  SAFE: Better Supply-Demand in Forex; Stabilized Overseas Investment Companies Featured  CBRC Eased Requirement on Banks’ Bond Issuance ICBC (1398.HK),HKD5.38 Buy China Construction Bank Buy  Smaller Banks Said to Focus on MSE Lending and Equity Pledged Loans (0939.HK),HKD6.38