1Q14 - A solid beat despite macro headwinds Asian Daily：Further boost to Central office recovery – HK/Shanghai through train Asian Daily：1Q14 output was disappointing, but valuation is attractive despite earnings cut A good buy through our lens Greater China Financials Sector：Abigger piefor all 4Q in line; commencement of iron ore mining in Goa the next trigger Mutual market access: Slightly positive for earnings; prefer CITICS-A China Banks：SH/HK mutual market connectivity pilot program to narrow bank stocks H/A share premium OW: Better than expected 1Q NBV result Positive on the sustained growth of innovative businesses