德意志银行3月30号，中国策略，讲解需求回升的原因及方式，共56页：

What we are saying to investors: Demand recovery & earnings surprise (p2-25)

Performance and valuations: H-share crept higher; A-shares dipped (p26-37)

Macro and earnings: Demand recovery boosts earnings (p38-42)

Liquidity and sentiment: HK turnover remained strong (p43-46)

Risks