Association of Equipment Manufacturers (AEM)：January 100HP+ Tractor Retail Sales Down 36% YoY; Combines Up 19% YoY China Property：MOF cut transaction taxes further: Impact likely marginal South Africa 2016 Budget Preview：It's now or never Targeted higher RRR on fast loan growth：smaller banks more impacted Global Economic Calendar – Asia Edition INVESTMENT DAILY NOTE Hold: A work in progress Buy: China Chips theme driving even faster growth Buy: Water subsidiary contributing 33% more profit for FY15 EM's Corporate Challenge