Table of contents
China market review.................................................................3
Share price performance ..............................................................................................3
Our key calls ................................................................................................................4
Trading ideas..............................................................................................................10
Major corporate actions.........................................................14
Land acquisition.........................................................................................................14
National macro and industry movements ............................18
Shanghai and Hangzhou........................................................21
Shanghai ....................................................................................................................22
Hangzhou...................................................................................................................24
Beijing/Tianjin.........................................................................26
Beijing........................................................................................................................27
Tianjin........................................................................................................................28
Guangzhou..............................................................................29
Shenzhen ................................................................................32
Chongqing and Chengdu.......................................................34