GS 高盛：每日中国报告 09.13

China-Daily-Insights 09.13 11页

Today’s focus
China: Portfolio Strategy: Incising interim results
Asia Economics Data Flash: China data: Retail sales growth accelerated in August on the back of higher inflation
Asia Economics Data Flash: China August data: Money supply growth slowed while credit growth accelerated
China Views: Inflation and Chinese policymakers’ dilemma
Aluminum Corporation of China (H) (2600.HK): First take: Spot alumina price cut within expectation
Mengniu Dairy (2319.HK): Successful product mix upgrade; growth outlook remains bright
Headline news
First stock-oriented QDII fund launched (China Daily)
Property prices nationwide up 8.2% in August (China Daily)
China to let banks trade corporate debt, CSRC says (Bloomberg)
Green light for gold futures (People’s Daily)
China to launch its own Nasdaq (Shanghai Daily)
China: Portfolio Strategy: Incising interim results, Thomas Deng, CFA
• Superb growth for both H- and A-share markets: Extending the robust earnings uptrend, Chinese stocks reported an aggregate yoy EPS growth of 56.9%