Initiating Coverage with a CreditBuy BP buys a 10% interest in Zohr PBOC May Consider Including Cross- Border RMB Risk in MPA Consumer & Media Daily Hong Kong/China Property Daily Focus this week will be on South Africa’s S&P rating review on Friday Takeaways from consumer sector field trip China Property：Weekly sales dropped to monthly average, MTD sales -17% MoM Vietnam at a glance：Cautiously optimistic on trade Business stabilizes but market expectations remain too high