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除非另有说明，否则汇丰环球投资研究（HSBC Global Investment Research）使用全球行业分类标准的分类结构。全球行业分类标准（Global Industry Classification Standard）由明晟公司（Morgan Stanley Capital International Inc. ，简称“明晟”）以及麦格劳 - 希尔公司（The McGraw-Hill Companies Inc.）旗下标准普尔（Standard & Poor's，简称“标普”）所开发，且为其专有资产和服务商标，并被许可由汇丰银行公司（HSBC Bank plc）使用。明晟、标普以及参与制定或编制全球行业分类标准或任何全球行业分类标准分类的任何第三方均不就此等标准或分类（或使用此等标准或分类得到的结果）作出任何明示或暗示的保证或陈述，且前述人士在此明确声明，不就任何此类标准或分类的原创性、准确性、完整性、适销性和针对特定用途的适用性承担任何保证。在不限制前述声明的情况下，即便已被告知了损害发生的可能性，明晟及其关联机构、标普及其关联机构以及参与制定或编制全球行业分类标准或任何全球行业分类标准分类的任何第三方在任何情况下都不会对任何直接、间接、特殊、惩罚性、后果性或任何其他的损害（包括利润损失）承担任何责任。
本文所指的IHS报告和信息（简称“IHS资料”）是 IHS Global Limited（简称“IHS”）受版权保护的财产，代表IHS发布的数据、研究、观点或看法，而非对事实的陈述。IHS 采用符合正常行业惯例的分析方法，结合合理的技能和谨慎的态度进行分析并编制了 IHS 资料。由于无法合理预见事件或事件组合（包括政府、个人、第三方和竞争对手的行为），预测本身存在固有的不确定性。IHS资料应以其最初发布日期（而非截至本文的日期）为基准日。如果IHS资料中表达的信息和观点被变更，IHS将不另行通知，且IHS没有义务或责任更新IHS资料。此外，尽管本文所载的IHS资料来自被认为可靠的渠道，但IHS并不保证其准确性和完整性，亦不对基于本文所载IHS资料的意见和分析作出保证。在法律允许的范围内，IHS不对由于依赖IHS资料或该资料所载的任何陈述或由于任何遗漏而导致的任何错误、遗漏、损失、损害或费用承担任何责任。IHS不对其资料的适销性或针对特定用途的适用性作出任何默示保证。IHS资料不应被解释为法律或财务建议，IHS资料的使用不附带IHS任何义务，且基于以下理解：任何依据IHS资料采取行动或因依赖IHS资料而改变立场的人员应自行承担全部风险。IHS资料仅为 IHS 客户的利益而编制且仅供IHS客户内部业务使用。未经IHS事先书面同意，对IHS资料的任何部分均不得以任何形式复制、重新利用或以其他方式分发。经IHS许可转载或重新发布的内容，必须显示IHS的法律声明和作者归属。IHS和IHS globe design（环球设计）为IHS的商标。出现在IHS资料中的其他商标被视为IHS或各对应商标所有权人的财产。
根据IHS Markit PMI 的版权免责声明，IHS Markit PMI数据的知识产权归 IHS Markit 所有，禁止未经授权的使用，包括未经同意的复制或分发。版权免责声明亦包含一项法律免责声明，明确公司对数据中的错误、不准确性或遗漏不承担任何责任，且不对因使用数据而造成的损害承担责任。
本文提供的部分信用评级及相关信息来自Moody's Analytics, Inc.，并经其授权使用。所有信息均按“现状”提供，不构成对任何个人或实体的任何明示或暗示保证，包括但不限于对上述信息的准确性、完整性、适销性或特定用途适用性的任何保证。Moody's Analytics, Inc.对上述信息的提供或其使用者均不承担任何责任。
未经标准普尔金融服务有限责任公司（Standard & Poor's Financial Services LLC）或其关联公司（统称“标普”）事先书面许可，不得以任何形式或方式修改、逆向分析、复制或分发任何内容（包括评级、信用相关分析和数据、估值、模型、软件或其他应用程序或相关输出）或其中任何部分内容（统称“内容”），或将内容存储于数据库或检索系统中。内容不得用于任何非法或未经授权的用途。标普和任何第三方提供商及其各自董事、高级职员、股东、员工或代理人（统称“标普相关方”）不保证内容的准确性、完整性、及时性或适用性。标普相关方不对使用内容时因任何原因导致的任何结果错误或遗漏（疏忽或其他遗漏）负责，亦不对用户输入的任何数据的安全性或维护负责。内容基于“现状”提供。标普相关方不作任何明示或暗示的保证，包括但不限于任何针对特定目的或用途的适销性或适用性保证、零漏洞保证、软件错误或缺陷保证，或内容运行不会中断或内容能与任何软硬件配置一起运行的任何保证。在任何情况下，即便已被告知了损害发生的可能性，标普相关方亦不对任何有关方使用内容所造成的任何直接、间接、附带、警示性、补偿性、惩罚性、特殊性或后果性损害、成本、费用、法律费用或损失（包括但不限于由于疏忽造成的收入或利润损失、机会成本或损失）承担任何责任。
Third Party Disclaimers
Unless otherwise stated, HSBC Global Investment Research uses the GICS classification structure. The Global Industry Classification Standard ("GICS") was developed by and is the exclusive property and a service mark of Morgan Stanley Capital International Inc. ("MSCI") and Standard & Poor's, a division of The McGraw-Hill Companies Inc. ("S&P") and is licensed for use by HSBC Bank plc. Neither MSCI, S&P nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
The IHS reports and information referenced herein (the "IHS Materials") are the copyrighted property of IHS Global Ltd ("IHS") and represent data, research, opinions or viewpoints published by IHS, and are not representations of fact. IHS conducted this analysis and prepared the IHS Materials utilizing reasonable skill and care in applying methods of analysis consistent with normal industry practice. Forecasts are inherently uncertain because of events or combinations of events that cannot reasonably be foreseen including the actions of government, individuals, third parties and competitors. The IHS Materials speak as of the original publication date hereof (and not as of the date of this document). The information and opinions expressed in the IHS Materials are subject to change without notice and IHS has no duty or responsibility to update the IHS Materials. Moreover, while the IHS Materials reproduced herein are from sources considered reliable, the accuracy and completeness thereof are not warranted, nor are the opinions and analyses which are based upon it. To the extent permitted by law, IHS shall not be liable for any errors or omissions or any loss, damage or expense incurred by reliance on the IHS Materials or any statement contained therein, or resulting from any omission. NO IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE SHALL APPLY. The IHS Materials are not to be construed as legal or financial advice, are supplied without obligation and on the understanding that any person who acts upon the IHS Materials or otherwise changes his/her position in reliance thereon does so entirely at his/her own risk. The IHS Materials were prepared for the sole benefit of IHS’ client for IHS’ client’s internal business use. No portion of the IHS Materials may be reproduced, reused, or otherwise distributed in any form without the prior written consent of IHS. IHS Materials reproduced or redistributed with IHS’ permission must display IHS’ legal notices and attributions of authorship. IHS and the IHS globe design are trademarks of IHS. Other trademarks appearing in the IHS Materials are the property of IHS or their respective owners.
The IHS Markit PMI copyright disclaimer states that the intellectual property rights for the data belong to IHS Markit and prohibits unauthorized use such as copying or distributing it without consent. It also includes a legal disclaimer stating that the company is not liable for errors, inaccuracies, or omissions in the data, and disclaims liability for damages arising from its use
Certain credit rating and related information furnished herein is obtained from Moody's Analytics, Inc. and used under license. All such information is provided "AS IS" without warrant, express or implied, to any person or entity, including but not limited any warrant regarding the accuracy, completeness, merchantability or fitness for any particular purpose of such information. Moody's Analytics, Inc. shall have no liability to the furnishing or user of such information.
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