2016 results largely in line China Galaxy A-Share Research Key Ideas (Excerpt) Transforming into a beverage company; reiterate Buy Strong start to 2017 Fast-growing Anti-influenza Medicine Manufacturing Leader Quality in the price; downgrading to Hold on valuation Reduce: 1Q in-line, expensive valuation for low growth China Oil & Gas:OPEC cuts a non-event; long-term oil price is what matters Intgd Oil & Refining:They Are Who We Thought They Were China Financial Daily: Financial deleveraging impact: CITIC Bank Stopped Quasi-Equity Lending