CBRC Launched Trust Product Registration Rules NDRC cuts gas prices at the city-gate A better balance between demand and supply Quality results from quality banks 2Q17 beat but GPM pressure in 2H17; Buy given inexpensive valuation Hold: Celcom performance improves Better off than peers in gas pipeline tariff adjustment; reiterate Buy Maintain Buy: Solid 2Q results Downgrade to Hold: Stuck in a slow lane Buy: Transmission tariff cut removes risk overhang