Hold:2016 visibility remains poor Weak but still outperforming EM Consumers are still relatively confident Samsung Tech Weekly Macau Gaming Large-Cap Refiners：Downside Scenario Analysis Hong Kong:Lowering GDP forecasts:The expansionary FY16-17 budget should prevent the economy from falling into a recession Asian Daily What’s Changed, Research Focus, Today’s Events China Rates Strategy:PBC further opens interbank bond market to foreign investors