Greater China Quarterly Issues: China’s growth momentum improved in 2Q, but concerns remain Gaming Hardware: Consoles are Coming to China; Don’t Expect Meaningful Impact...for now Oil Services & Equipment: 2Q Earnings: Thoughts and Observations Large Cap Banks: Fed Weekly: C&I Loans Down Again Last Week,Offset Partly by Strong CRE Growth Made in China: Insurance: 1H15 preview; Toll Road: Stay defensive; Tourism; Property Profit alert – 1H15 net profit up ~70% on investments APAC Equity Strategy: "New" Economy: Baidu misses. Who else? Valuations increasingly attractive;potential for positive policy surprises Key takeaways from conf call - ecommerce is excluded The 'New Normal' in China Smartphone growth