EFTA Document EFTA01457976

Asia: Chinese equities In China, margin trading for the Shanghai and Shenzhen Composites has fallen to around RMB1.4tn vs. RMB2.1tn at its peak as leverage continues to be flushed out of the system. At the same time we understand that government-linked authorities are stabilizing the market through share purchases. 12% of A-share market cap still remains suspended, down from 34% at its peak. Mainland stock markets still remain fragile, which continues to place pressure on offshore-li