According to CCTV.com, the National Standing Committee session, held on 13 Apr, concluded that monetary tools such as RRR cuts should be used in a timely manner to further increase support for the real economy. As discussed in our update on China trade (link), the weak import figures in Mar 22 were a concern, and the message from the National Standing Committee seems to indicate a need to boost economic activity. Monetary easing is expected to follow, which is in line with our previous discussion that further easing is on the way. We expect the market to react positively to further easing and to offer trading opportunities. In line with our updates on 8 Apr (link) and 13 Apr (link), we recommend names such as Tencent [0700.HK], Meituan [3690.HK], Kingdee [0628.HK], Weimob [2013.HK], BiliBili [9626.HK], ZTE [0763.HK], CCB [0939.HK], CITIC Securities [6030.HK], Junshi [1877.HK], CRG [0390.HK], Xinyi Glass [0868.HK] and China Lesso [2128.HK]. The analysis in this report is based on industry and macro figures and may differ from the views of individual analysts, in some cases.