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The Future of the Car Market
Reform is being discussed more in the banking sector, with a focus on ROE./nBigger banks may still pose some risks in the financial service industry./nLesser-known banks may offer better risk-reward perspectives./nImproving returns and capital return could lead to more dividends and buybacks./nThe car market in China is improving, but varies by location and competition./nHofe, a growing city with higher income jobs, sees stable sales for premium car brands./nGlobal car brands are slower to develop their EV platform in China compared to local players and Tesla.