港股早晨快讯 配合政策的调整仍在持续中 2Q16 - Not much surprise; better retail contribution 2Q16 results - concerns remain on capital and shadow credit Slower earnings growth but margin expansion better than expected 1H in line; HK RevPAR stabilizing but China still a drag Weak 1H16 results; marketing business also turned loss making Downgrade to Reduce：uncertain outlook 1H16 results largely in-line; mixed bag in operations; maintaining Buy Shougang Fushan Alert：Special dividend implies 11% yield