Asia ex-Japan Economics .................................................................................................................................................................. 4
Asia Credit Strategy ........................................................................................................................................................................... 8
China Economics ............................................................................................................................................................................. 11
Hong Kong Economics..................................................................................................................................................................... 12
Hong Kong/China Strategy............................................................................................................................................................... 14
Company Analysis
361 Degrees International Ltd .............................................. 20
51job, Inc.............................................................................. 22
Adaro Energy ....................................................................... 24
Agile Property....................................................................... 26
AGTech Holdings Ltd ........................................................... 28
AIA Group ............................................................................ 30
AirMedia............................................................................... 32
Alam Sutera Realty .............................................................. 34
Aneka Tambang................................................................... 36
Bangkok Bank Public Company Limited............................... 38
Bank of East Asia................................................................. 40
Beijing Enterprises Holdings ................................................ 42
Beijing Enterprises Water Group Limited ............................. 44
Biostime International Holdings Ltd. ..................................... 46
Bitauto Holdings ................................................................... 48
Bloomage Biotechnology Corp Ltd....................................... 50
Bloomberry Resorts Corporation.......................................... 52
Brightoil Petroleum (Holdings) Ltd........................................ 54
Bumi Serpong Damai ........................................................... 56
C C Land Holdings Limited................................................... 58
Central China Real Estate Ltd.............................................. 60
Cheung Kong Holdings ........................................................ 62
China Lodging Group, Limited.............................................. 64
China Medical System.......................................................... 66
China Merchants Holdings Intl ............................................. 68
China Oilfield Services Ltd. .................................................. 70
China Pacific Insurance (Group) Co., Ltd............................. 72
China Petroleum & Chemical Corp....................................... 74
China Resources Cement Holdings Ltd. .............................. 76
China Resources Gas .......................................................... 78
China Resources Power....................................................... 80
China Shanshui Cement Group ........................................... 82
China State Construction International................................. 84
China Suntien Green Energy Co., Ltd. ................................. 86
China Taiping Insurance.......................................................88
China Tian Lun Gas Holdings Ltd. ........................................90
China Tianyi Holdings...........................................................92
China Traditional Chinese Medicine .....................................94
China Vanke Co., Ltd............................................................96
China Windpower Group Limited..........................................98
Chow Sang Sang Holdings International ............................100
CNInsure Inc.......................................................................102
CNOOC ..............................................................................104
Coland Holdings .................................................................106
Country Garden Holdings Company Limited ......................108
CSPC Pharmaceutical Group .............................................110
Daphne International Holdings ...........................................112
Dawnrays Pharmaceutical ..................................................114
Emperor Watch & Jewellery Ltd..........................................116
ENN Energy Holdings Limited ............................................118
Esprit Holdings ...................................................................120
Fosun International .............................................................122
Galaxy Entertainment .........................................................124
GCL-Poly Energy................................................................126
Giordano International ........................................................128