Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-08-10Sector

1299.HK2378.HKHK insurance·Neutral

Morgan Stanley·2026-08-09Sector

1299.HK1339.HK2318.HK2328.HK2628.HKHK/China insurance·Overweight

Morgan Stanley·2026-08-09Sector

REL.LSAP.DEEuropean software·Neutral

Deutsche Bank·2026-08-09Credit

CLO equity·Neutral

Morgan Stanley·2026-08-09Macro

Morgan Stanley·2026-08-09Sector

600031.SHChina machinery·Neutral

J.P. Morgan·2026-08-09Sector

0688.HK0817.HKChina property·Neutral

Morgan Stanley·2026-08-09Sector

2330.TWAsian semis·OverweightDDR4 DRAM·Overweight

Goldman Sachs·2026-08-09Sector

ADBECHKP.USCRMFTNT.USHUBS.USINTU WDAYInfrastructure software·OverweightApplication software·Underweight

Goldman Sachs·2026-08-09Macro

Goldman Sachs·2026-08-09Strategy

China AI hard tech·Neutral

Nomura·2026-08-09Macro

J.P. Morgan·2026-08-09Macro

China rates·Overweight

Morgan Stanley·2026-08-09Strategy

US softlines·Overweight

Goldman Sachs·2026-08-09Macro

Copper·Neutral

J.P. Morgan·2026-08-09Sector

SKHYNIX SMSN2408.TWMUMemory·Overweight

Morgan Stanley·2026-08-09Macro

Goldman Sachs·2026-08-09Credit

USD IG credit·Neutral

Citi·2026-08-09Sector

0763.HK300308.SZ300394.SZ300502.SZChina optical modules·Overweight

Goldman Sachs·2026-08-09Macro

RMB bonds·Overweight

Research: Broker notes on sectors, macro, rates and strategy

Asia Pacific Banks: China offshore insurance income taxation: Clarification of existing rules

Hong Kong China Insurance: Monthly Datapack: Southbound and Long-Only Positions in Insurers in July

Software Snippets: Hyperscaler Capex Forecasts Rise Further

Quarterly equity distribution: Q3 equity–where is the floor?

External Demand and Policy Outlook

China Industrials: Jul-26 Excavator Sales: Domestic Sales Weaker but Likely Temporarily

China Property: Marginal policy easing in Beijing

Asia-Pacific Technology - Asia Pacific Connecting Dots-HK investors' feedback on Asian semis

Technology: Software: Detailing the Mosaic: On Cycle to Off Cycle Reads

China: Both CPI and PPI inflation surprised to the downside and declined in July

CHINA STRATEGY: AI Changes The Game: Correction, Rotation, and Diversification

Asia Insights China: Both CPI and PPI inflation dropped by more than expected in July

China: Inflation cooled more than expected in July

Back on the Rac: A Cross-Asset Perspective on Section 301 Tariffs

Base Metals Comment: Copper: Limited Impact From DR Congo Concentrate Export Ban

Global Memory Market: Global Memory TAM and S&D update: Stock correction is behind us but memory crisis is still ongoing

China Economics: Oil Fades, Demand Weakness Persists

Credit Notes: New Debt Issuance: Why This Time Is Different

China Communications Infrastructure Evaluating Potential FCC Regulatory Action & Impact on China Optics

Asia Economics Analyst: A Historic Opportunity for RMB Bond Internationalization?