Asia Essentials GEMs Equity Strategy: Some thoughts on the longer-term direction for EM equities China banks: Trip takeaways: PPP financing and debt-to-equity swaps (DES) Consumer & Media Daily Overseas progress to benefit L/T outlook, but weak earnings in 2016-17 Inside the Great Wall: Hong Kong/China Property Daily The beat of progress:The rise of music streaming in Asia One step closer to obtaining NEV licence Continued Disposal of Non-core Assets Results should bottom out this year,CCMG to trigger a re-rating.Reiterate BUY.