Chinese Equity Story Is Not Over Yet, Says SocGen’s Benzimra

The video discusses the current trends in the Chinese equity market, focusing on PMI numbers and market expectations. It highlights the importance of growth stabilization and the continuation of stimulus measures. The analysis includes a comparison of earnings seasons, noting improvements in earnings and guidance. The video concludes with expectations for future targeted stimulus, emphasizing fiscal policy and liquidity injections.

What is the current outlook on the Chinese equity market according to the transcript?

• The market has reached its peak.

• The market is unpredictable and volatile.

• The market is expected to decline.

• The market remains constructive with potential for growth.

How did the earnings growth in the current quarter compare to the previous year?

• It showed improvement with better earnings.

• It remained the same as last year.

• It was almost half of the previous year's growth.

• It was significantly lower.

What is the projected growth in earnings per share for 2019?

• 20%

• 15%

• 10%

• 5%

What type of stimulus is expected to be more prevalent in China?

• Increased bank lending

• Reduction in government spending

• General tax cuts

• Targeted stimulus measures

Which fiscal policy is mentioned as being more effective than expected?

• Reduction in public sector wages

• Tax policy

• Subsidies for exports

• Increased tariffs