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Daiwa mentioned in its report that Chinese wind sector saw robust share-price rally on 29-30 July, partly attributable to the proposal from Qin Haiyan, Secretary General of China Wind Energy Association (CWEA), over bond issuance by State Grid for paying renewable energy subsidy receivables. Investors hence anticipated for solution to the delay in short term.
CHINA LONGYUAN (00916.HK) was upgraded to Outperform from Hold at the target price $6.4, added from $4.7.
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