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Bullish Price Structure Intact

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Needle Points South

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BLOCK, Huge 5Y Put Buy

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Probes The Bear Trigger

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Range Base Holds Firm

CHINA PRESS
CHINA PRESS: Despite recent corporate bond defaults, deleveraging still should
advance, Securities Times said Tuesday in a commentary. 
- China taking the initiative to deleverage could prevent systemic financial
risks: The Times; 
- As China has achieved success in its capacity cuts and inventory reduction,
deleveraging should not lag behind. The government must strengthen deleveraging
especially in the corporate sector: The Times; 
- The government should avoid a situation where companies transfer
responsibility to the government in order to truly curb further expansion of
credit and irresponsibility of stakeholders: The Times.