Deutsche Bank：Reading between the lines for theme/sector implications

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

德银3月6日两会特别报告，从2018年政府工作报告中挖掘投资主题，英文16页：

China’s NPC kicked off today, with Premier Li Keqiang delivering the 2018 Government Work Report. Our economist Zhiwei Zhang has published a note (“Messages from NPC”) discussing macro targets, with tightening fiscal policy highlighted. From an equity strategy perspective, we read the report line by line in conjunction with the 2017 report to identify changes in industry policies and potential theme/sector implications, especially those related to G.A.R.P. highlighted in our China equity 2018 outlook note. Our key findings:


 Unabated efforts to reduce cost burdens for corporates.
 Higher priority given to cultivating new emerging industries and upgrading traditional industries through innovation with regard to supply-side reform.
 Consumption reiterated as a key growth pillar.
 Environmental protection less wordy but not deemphasized.
 There seems to be no rush in Reforming (SOE).
 Still bullish on quality growth, G.A.R.P. investment themes.


20180306-Deutsche Bank-2018 NPC Government Work Report：Reading Between the Line.pdf (729.13 KB, 需要: 3 个论坛币)

2018-3-9 16:10:06 上传

需要: 3 个论坛币  [购买]

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

竟然又审核了