Deutsche Bank 5 月 31 日英文报告，16页。大家参考。
　　We launch a financial conditions index（FCI）for China in this report.The indexworks well as a summary statistic to indicate overall financial conditions in China，with its inflection points matching well with policy changes in the past decade（Figure 1）.The FCI shows that the financial tightening cycle that started inlate-2016 has come to a halt.The FCI rebounded in April，likely due to a marginalrelaxation of monetary policy over concerns of a trade war.