<P>Credit Suisse：中国小盘股深度分析</P>
<P>CHINA SMALL CAP CORPORATE DAYS - OPENING DOORS TO NEW</P>
<P>July 2007, 54 pages</P>
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<P>China small caps underperformed in last year’s China stock run. While they did rise, they just underperformed the China heavy-weight banks, insurance companies, telecoms and properties, etc., which jumped 79%, as represented by the MSCI China Index versus the Credit Suisse China Small-cap Index’s respectable 44% gain.This coincides with the conventional observation that big caps usually outperform in the midst of a market rally, as investors tend to focus on well-researched and liquid stocks.</P>