Investment Daily Note

China Securities Finance Corporation resumed offering several short-dated loans and cut the interest rates. The act will encourage the use of leverage and be positive to brokerages. Although the impact is doubted, it does signal Chinese government’ssupport for the stock market and boost investor confidence.

    Tingyi (322.HK) is scheduled to release its FY15 results today. A profit warning was announced by the company, saying that a decrease of 35% to 40% was recorded in attributable net profit to shareholders. However, we see the stock price is stabilizing at the bottom. It may rebound in the short-term.