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the part of Deutsche Bank AG and / or its affiliates (13B'). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFICI), who understand the strategy. cha
Jeffrey - Curious for your view on China. We're concerned about the defense of China's stability (even by our own Global Markets Research analyst, Jun Ma). China may be re-rating for longer-term stability as an 'emerged' market, but that our DB GEM Equity Strategist, Jean-Paul Smith, and his team may
—0.30% of USD notional. Spot breakeven 6.318 USDCNH spot = 6.029, 1y ATMF = 6.093 hidieann keels on le, Nut-tied to markei mo‘cmcni. Satin:0: 1AS KCP London, 1.'2814. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123292 CONFIDENTIAL SDNY_GM_00269476 EFTA01461321
ey - Vahe Curious for your view on China. We're concerned about the defense of China's stability (even by our own Global Markets Research analyst, Jun Ma). China may be re-rating for longer-term stability as an 'emerged' market, but that our DB GEM Equity Strategist, Jean-Paul Smith, and his team may
he part of Deutsche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, cha
Jeffrey - Curious for your view on China. We're concerned about the defense of China's stability (even by our own Global Markets Research analyst, Jun Ma). China may be re-rating for longer-term stability as an 'emerged' market, but that our DB GEM Equity Strategist, Jean-Paul Smith, and his team may
sche Bank AG and / or its affiliates ("DB"). These ideas are for the consideration of the intended EFTA01479438 recipients of this mail only. The KCP London desk does not provide investment advice. All intended recipients are Professional investors (as defined by MiFID), who understand the strategy, cha
Jeffrey - Curious for your view on China. We're concerned about the defense of China's stability (even by our own Global Markets Research analyst, Jun Ma). China may be re-rating for longer-term stability as an 'emerged' market, but that our DB GEM Equity Strategist, Jean-Paul Smith, and his team may
Entities connected to both KCP London and Jun Ma

Jeffrey Epstein
PERSON
Tazia Smith
PERSON
Paul Morris
PERSON
Nav Gupta
PERSON
Bloomberg L.P.
ORGANIZATIONVanshree Verma
PERSONRenmimbi
PERSONJean-Paul Smith
PERSONGlobal Markets Research
ORGANIZATION
Shanghai
LOCATIONKCP Capital Markets
ORGANIZATION