Researches & Commentaries
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Focus of Asset Allocation Shifts from Commodity to Equity amid the Structural Recovery of the Chinese Economy from Another Bottom-out
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
RRR Cut in H2 2022 Expected to Drive 10-year CGB Yield up Slightly to Around 2.9%
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Growth Stabilization Policies Bolster the Ebbing Economic Recovery under Triple Pressure
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Accelerating Issuance of Local Government Special Bonds under Cross-cyclical Adjustments, Forestall Risks in Front-loaded Spending under Growth Stabilization Policy
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Yield of 10-year China Government Bond May Fluctuate with a Low of About 2.7% in 2022
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Look for Structural Opportunities in Risk Assets amid Slowing Economic Recovery under Supply-Demand Imbalance
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Yield of 10-year Government Bonds might Fluctuate Around 2.9%-3.0%
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Local Government Special Bond Issuance Gained Pace amid Cross-cyclical Adjustments, Land Market Chill to Weigh on Local Public Finance
![](/cache/img/ccf2fbd3021541d4dfe585fcfcfe82d7.png)
Pilot program for property tax reform has limited impact on rigid demand, but may adversely affect property sales