Fixed Income Daily Market Update Jan NEV sales in line; more catalysts after CNY PMI signals weak demand & continuous deflation HDT sales volume surged ~64% YoY in Jan on low base Apple FY1Q24 beat on better margins and resilient service revenue, but China sales weakened Fixed Income Daily Market Update Enhancing shareholder return while remaining ambitious on investment to drive growth Impressive cash return but a prudent 1Q24E Fixed Income Daily Market Update Credit growth beat expectations