6 月 8 日，中国国家主席习近平在阿斯塔纳同哈萨克斯坦总统纳扎尔巴耶夫举行会谈。双方同意坚持发展全面战略伙伴关系的方针，保持密切高层和机制性交往，尊重对方根据本国国情选择的发展道路和采取的内外政策，支持彼此为维护核心利益所作努力，共同应对威胁地区安全和稳定的挑战。双方同意加快推进“一带一路”建设同“光明之路”新经济政策对接，实现两国发展战略深度融合。

6 月 8 日，国家主席习近平在阿斯塔纳同哈萨克斯坦总统纳扎尔巴耶夫举行会谈。双方同意坚持发展全面战略伙伴关系的方针，保持密切高层和机制性交往，尊重对方根据本国国情选择的发展道路和采取的内外政策，支持彼此为维护核心利益所作努力，共同应对威胁地区安全和稳定的挑战。双方同意加快推进“一带一路”建设同“光明之路”新经济政策对接，实现两国发展战略深度融合。

友邦保险市值 6700 亿港币，是全球第二大寿险公司。经过股权转让，友邦已经脱离了 AIG，是一家股权分散、专注亚太业务的保险公司。友邦业务遍及 18 个地区和国家，并以纯外资寿险的身份在中国内地开展业务。依靠高效的代理人队伍和聚焦保障的产品体系，友邦近 10年来保持着 10%左右的 EV 增速和 25%左右的 NBV 增速，香港上市以来股价上涨 200%，年均复合增速 20%，成为典型的价值蓝筹。

6 月 5 日，保监会下发《关于开展偿付能力数据真实性自查工作的通知》。《通知》要求保险机构对 2016 年四个季度和 2017 年第一季度偿付能力报告进行自查，于 6 月 30 日前完成，并上报自查报告。自查内容主要分为资产、准备金、资本、风险综合评级和信息披露五个方面。>

利率上行对险企的影响从投资收益率预期改善落实到险企财务表现，评估利率拐点临近加速险企利润释放。5 月份，1、5、10 年期国债收益率 750 日移动平均较上月底继续分别下移 0.14、1.18 和 1.61 个 BP，降幅显著缩小，下行趋势减缓。假设利率维持当前不变，1 年期基准利率已基本探底，5 年和 10 年期基准利率预计将于今年年末探底回升，拐点逐步临近。预计评估利率变化带来的责任准备金释放能够显著提升险企利润水平，险企业绩即将进入上行通道。

6 月 2 日，国务院总理李克强在第 12 届中欧工商峰会上发表演讲时指出，中欧应共同坚持经济全球化的大方向。以贸易和投资自由化便利化为代表的经济全球化，过去是、现在是、将来仍然是世界经济持续发展的重要动力。当前的迫切任务，是坚持自由贸易，重振贸易和投资两大引擎，推动世界经济迈上稳定复苏的轨道，使经济全球化惠及更多国家、更多人群。

In the lottery, a winner is randomly selected by drawing of lots. Gambling requires skills and chances both; however, lottery requires chance alone. The probability of winning becomes higher if a person buys more than one lot. These lots are generally in the form of tickets, and the prizes associated with lottery are mostly, but not limited to, money, precious metals, trips, and real estate. The governments of many countries consider the lottery to be illegal unless a skill is required, whereas a few governments allow the lottery to promote fundraising for charitable organizations. As lottery is governed by local, state, and national laws, regulations differ in different countries, as well as states.

The use of smartphones for payments has increased globally. Financial transactions via mobile wallets are likely to hold a substantial share in the overall mobile traffic during the forecast period. This is because of the proliferation of handheld devices and mobile networks, which is driving the use of mobile payment gateways in retail stores and similar outlets. With the increasing speed of mobile networks, the average bitrate of content accessed on mobiles is also expected to grow, resulting in efficient use of mobile wallets to make payments.

The banking business deals with large numbers of customers including mass market customers, affluent customers, and small business customers. The dealings between the banks and customers happen over various delivery channels, thereby creating significant vulnerabilities across banking systems. The vulnerabilities refer to the fraudulent practices employed by customers and hackers, inadequate internal guidelines, non-adherence by staff, and inadequacy in the technology systems supplied by vendors. The banks have developed sufficient safeguards to deal with operational risk events that are associated with traditional banking delivery channels.Many top banks are refusing to provide basic loans to entrepreneurs and SMBs as can be observed from different markets like the UK. This is hindering the growth of the technological start-ups online financing platform. The banks are refusing to deal with small businesses that are into digital currencies, payments, P2P lending, and crowd funding. Therefore, we expect the innovative technological models toincrease the capital base available to small businesses and large corporates. This will help businesses to utilize the real-time underwriting technology that is provided by technological platforms, thereby helping businesses to restructure their riskpatterns. As a result, they will be able to provide several flexible lines of credit products to customers.

The need to reduce the operational costs in IT departments is driving the market for output management software, globally. The market will grow at a CAGR of 2.56% during the forecast period. The increased demand for printer management and documentation in the BFSI and healthcare sectors will drive the demand.

The internet penetration rate worldwide was 29.2% in 2010, and it increased to 44% in 2015. The penetration rate has increased by nearly 3% every year on an average during the five-year span.

The hospitality industry comprises of hotels and other accommodations, including restaurants and catering establishments. There is a need for management software to manage the revenues, guest check-in, and check-out to improve and enhance a customer's experience during the stay.

Network consulting services is a sub-segment of IT consulting services, which help organizations in creating, managing, and optimizing information and business processes with technical expertise. IT consulting services are process-focused, provide a framework to structure IT-related activities, and aid in maintaining IT systems. A wide range of IT consulting services is available with which organizations streamline their processes and integrate their systems. These services help organizations centralize their IT operations and reinvent and develop a more economical cost structure.

The global IBMS market is expected to record a high growth during the forecast period. Many buildings are expected to opt for integration of their BAS. Integrated systems aid facility managers and building personnel to effectively monitor and regulate operations using a single controller as opposed to individual and distinct controllers for automation solutions.

FSM software enables the scheduling, allocating, and dispatching technicians for field work, and remotely locating, tracking, and managing the staff and processes. The high management visibility in field operations allows enterprises to quickly recognize and address revenue-generating opportunities. It also helps in prioritizing the allotted work, matching technician skills, and reducing the time for solving the problems. FSM solutions can be deployed on-premises, hosted through a web browser as Softwareas- a-Service (SaaS), and a hybrid of the two. It offers enterprises with a number of benefits including cost savings, enhanced productivity, and customer satisfaction.

The need to adhere to a more stringent and evolving regulatory landscape is of critical importance for global financial institutions. Technological advances like the Internet and mobile banking pose new threats to their conventional payment systems. The growing customer expectations are fueling the need for more efficient commercial and corporate lending processes. Loan servicing software transforms manual and paperbased operations into automated enterprises to respond quickly, efficiently, and consistently. The lending environment has become increasingly complex with reforms and legislations designed to protect consumers and private investors. Lenders and loan servicers require an automated solution to provide distinct customer experience, which is not supported by traditional lending processes. Financial institutions need automated software solutions that complement the existing lending systems and simplify the regulatory compliance, loan origination, and servicing processes.

An enterprise storage center is a repository for storing business information or data for a period of time depending on the needs of end-users. Enterprise users can fetch these data and share them through interconnected networks or online. Enterprise storage comprises SSD and HDD devices that are commonly used in SAN, NAS, and DAS environments. Data stored can also be backed up or archived and can be used in case of system failure or disaster. Compared to traditional storage, enterprise storage is highly reliable, fault tolerant, and a scalable storage option, which makes it suitable for enterprises dealing with huge amounts of data.

The global insurance industry had moderate growth in 2015, providing a year-on-year (YoY) growth of 3% during 2014-2015. The global insurance industry is a potential market for technology providers. The increased expenditure on technology by the insurance sector has moved the focus on productivity and efficiency, and has brought in a wide range of challenges to insurers. The uncertainty in financial markets, changing consumer demands, and digitally savvy new competitors have emerged as new challenges to the insurance companies.

2016年下半年以来，金融政策逐步趋严，围绕着金融去杠杆，推出的一系列资管去通道、再融资新规等，都对券商业务开展形成较大压力。今年以来券商行业  股价在政策压力及缺乏催化剂的背景下较为弱势，已跑输沪深300近8%。 

随着金融去杠杆的深化，MPA 考核趋严，同业链条监管更趋严格，或对行业构成阶段压力。鉴于银行板块不良反弹趋缓，基本面企稳，存在配置价值，我们维持对银行板块的买入评级。推荐政策风险较小、资金优势明显的国有大行（建设银行、农业银行等），继续看好招商银行和宁波银行，适度关注兴业银行、杭州银行。