Market review:
A-share market to stay volatile today and closed higher.
Research Notes:
1.PBOC repeatedly intervened in the offshore market and the yuan rose as much as 0.7 percent versus the dollar in HK.
2.NPRC expects China 2015 GDP growth at about 7%, meeting target.
3.China’s insurance regulator may issue a batch of new licenses allowing private equity investment funds to use insurance funds.
Play conservative, with short-term selling into rally.
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