China Property Sector:NBS Oct data in line; Chairpersons in action to buy time CARINC – Steady 3Q2021 results, maintain OW Property policy bottomed but sales data still weak China Internet Sector:Ecommerce growth stabilization in line Earnings visibility still unclear HRINTH – Capital injection realizes, Neutral post rally Upbeat guidance on profitable growth in 2022E; raising earnings forecast and TP Q3 slightly miss while long-term growth prospects remain intact Adopting new strategy for high quality growth Morning Notes