Operators: High Prosperity in High Dividend Sector; Cost Reduction and Efficiency Improvement to be Pushed Forward Fixed Income Daily Market Update HAOHUA/CNBG/SYNNVX: Leverage plays on central SOEs Riding on Bigo’s solid recovery Earnings outlook to mildly improve The first results beat in a long while Mixed signals from the knitwear products Fixed Income Daily Market Update China Economy: PMI contraction signals caution ahead 2024 Outlook: Slowdown of overseas demand along with lack of growth in China; be selective