Disappointing 3Q13 results to drive underperformance Market Express China / Hong Kong Strong NIM；sharp repo asset growth NIM contraction；Tier-1 CAR decline Continued NIM Expansion Trumps Pull-back in Fees Positive catalysts are tracking intact Operationally improving trend may reverse in 4Q;chemicals loss – a concern 3Q13 – steady performance Seasonal strength, butovercapacity remains Q313 is 2nd best net profit on record