Is this the last RRR cut? Not likely Asia Pacific Daily Investment Daily Note Biggest RRR cut since 2008, CSRC Tightens Shadow Margin, Init Songcheng w/Buy 100bp RRR cut: +ve for bank earnings, bond market and corp funding First Light Asia：What’s Changed, Research Focus, Today’s Events Invitations are in the Mail Gaming Sector First to market Everbright Spot Policy to boost capacity add & sludge treatment; PO’s lifted