EFTA Document EFTA01459006

6 December 2015 Update: China Monthly: Rising challenges will trigger more policy easing in 2016 months. We expect RMB asset volatilities in HI to remain subdued when most of these temporary market stabilization measures will be relaxed/removed over the next one to two quarters, and asset volatilities to renormalize in H2. • Balanced allocation between fired income and equity market While the asset allocation shift between equity and fixed income market should be largely driven by