string(13) "markets-macro"

Macro

July 7, 2020

The NPCSC’s security patch

Last Thursday, the National People’s Congress Standing Committee (NPCSC) released the draft of China’s long-awaited Data Security Law for public comment. The law looks to provide a legal basis for the enforcement of data security – especially as it pertains to national security. But doesn’t China … Username Password Remember Me Forgot Password

Last Thursday, the National People’s Congress Standing Committee (NPCSC) released the draft of China’s long-awaited Data Security Law for public comment.

The law looks to provide a legal basis for the enforcement of data security – especially as it pertains to national security.

But doesn’t China ...

sources

NPC: 数据安全法（草案）征求意见

ifeng: 重磅！《数据安全法（草案）》全文发布：非法来源数据交易最高处罚违法所得十倍罚款

SCMP: China’s lawmakers review draft data security law as digital economy grows

Xinhua: 数据安全保护管理基本制度呼之欲出

July 7, 2020

Li goes to Guizhou

Yesterday, Premier Li Keqiang flew down to Guizhou. Top of Li’s agenda: Poverty alleviation and flood control. Some context: Since the beginning of June, floods have affected more than 19 million people and claimed 121 livesin 26 provinces. The direct economic cost is calculated to exceed RMB 41 bi…

Yesterday, Premier Li Keqiang flew down to Guizhou.
Top of Li’s agenda: Poverty alleviation and flood control.
Some context: Since the beginning of June, floods have affected more than 19 million people and claimed 121 livesin 26 provinces.

The direct economic cost is calculated to exceed RMB 41 bi...

sources

Gov.cn: Premier Li visits flood victims in mountainous area of Guizhou

Gov.cn: 李克强在贵州铜仁大山深处走访看望受灾贫困户

Gov.cn: Premier urges improving employment for rural migrant workers

Gov.cn: 李克强为当地政府和企业“搭桥”：要多招一些农民工兄弟姐妹

July 7, 2020

Cracking down on financial crimes

On Friday, China’s legislature (NPC) dropped the draft of the amended Criminal Law. Why it matters: The amendment further clamps down on financial crimes. Most notably, punishments are getting harsher: The max prison sentence for committing serious financial fraud in stock and bond issuance is…

The max prison sentence for committing serious financial fraud in stock and bond issuance is...

sources

NPC: 刑法修正案（十一）（草案）征求意见

Caixin: 证券犯罪刑罚力度拟大幅提高能否继续加码？

July 7, 2020

Last batch of annul SPBs quota is out

Word is out, the Ministry of Finance (MoF) just approved another RMB 1.26 trillion in local government special purpose bonds (SPBs) and has already distributed them to provincial governments. This means that the entire RMB 3.75 trillion SPB quota for2020 has now been allocated. Some context:RMB 2.29…

Word is out, the Ministry of Finance (MoF) just approved another RMB 1.26 trillion in local government special purpose bonds (SPBs) and has already distributed them to provincial governments.
This means that the entire RMB 3.75 trillion SPB quota for2020 has now been allocated.
Some context:RMB 2.29...

sources

21st Century Biz: 独家丨新一批超万亿专项债额度已下达

July 7, 2020

Passing the test

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers. On Monday, China reported eight new COVID-19 cases (NHC). All were imported from abroad. The good news: Beijing’s Xinfadi outbreak looks to be effectively under control. Yesterday was the first tim…

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers.
On Monday, China reported eight new COVID-19 cases (NHC).

All were imported from abroad.

The good news: Beijing’s Xinfadi outbreak looks to be effectively under control.

Yesterday was the first tim...

sources

NHC: 截至7月6日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 北京昨日无新增报告新冠肺炎确诊病例治愈出院4例

Xinhua: 防控常态化，高考如何战疫？

July 6, 2020

The pretty prince of Parties

We know it’s hard for our readers when the Tip Sheet goes on vacation. Especially since being deprived of news about Xi Jinping’s communications with foreign leaders sends them into withdrawal. Fear not. Today the Tip Sheet is back with a diplomatic triple header. Between July 3-5, Xi sent message…

We know it’s hard for our readers when the Tip Sheet goes on vacation.

Especially since being deprived of news about Xi Jinping’s communications with foreign leaders sends them into withdrawal.

Fear not. Today the Tip Sheet is back with a diplomatic triple header.
Between July 3-5, Xi sent message...

sources

Xinhua: Xi says joint COVID-19 fight shows China-Cambodia community with shared future unbreakable

Xinhua: Chinese, Ghanaian leaders exchange congratulations on 60th anniversary of diplomatic ties

Xinhua: Xi calls for closer cooperation between Chinese, Mongolian ruling parties

July 6, 2020

Government pushes for greater transparency

Last Friday, the General Office of the State Council released the key points of its 2020 government transparency initiative. Some context: The State Council has published an annual transparency initiative for the past eightyears. According to the document, various levels of government will have…

Last Friday, the General Office of the State Council released the key points of its 2020 government transparency initiative.
Some context: The State Council has published an annual transparency initiative for the past eightyears.
According to the document, various levels of government will have...

sources

Gov.cn: 国务院办公厅关于印发2020年政务公开工作要点的通知

July 6, 2020

Beijing sets up national security apparatus in Hong Kong

Beijing has wasted no time in setting up the apparatus to enforce the newly passed Hong Kong national security law. On Friday, the Hong Kong government established its new Committee for Safeguarding National Security. The committee is chaired by Hong Kong Chief Executive Carrie Lam. But the more im…

Beijing has wasted no time in setting up the apparatus to enforce the newly passed Hong Kong national security law.
On Friday, the Hong Kong government established its new Committee for Safeguarding National Security.

The committee is chaired by Hong Kong Chief Executive Carrie Lam.
But the more im...

sources

Beijing Daily: 郑雁雄任驻港国安公署署长

21st Century Biz: 香港特区政府正式成立维护国家安全委员会

The Paper: 国家安全部：香港国安法依法治港，坚决贯彻党中央重大决策部署

The Paper: 公安部党委（扩大）会议：全力支持配合驻港国家安全公署工作

SCMP: Beijing’s surprise choice to spearhead the national security law in Hong Kong

SCMP: National security law: Beijing appoints tough-talking party official Zheng Yanxiong to lead powerful new agency in Hong Kong

July 6, 2020

CBIRC names and shames

On Saturday, just one day after China Banking and Insurance Regulatory Commission (CBIRC) chairman Guo Shuqing published an op-ed telling financial institutions to straighten up and fly right on corporate governance issues (see previous entry), the CBIRC put corporate rulebreakers on blast. The regu…

sources

21st Century Biz: 银保监会点名38家违规股东，参股了这6家银行、2家保险

21st Century Biz: 银保监会首次公开银行保险机构重大违法违规股东名单

July 6, 2020

Guo Shuqing tells financial institutions to improve corporate governance

Last Friday, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), published an op-ed in the Economic Daily, with a message for financial institutions. That message: Get it together re: corporate governance. In the op-ed, Guo highlighted deficiencies with the s…

Last Friday, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), published an op-ed in the Economic Daily, with a message for financial institutions.
That message: Get it together re: corporate governance.
In the op-ed, Guo highlighted deficiencies with the s...

sources

Economic Daily: 完善公司治理是金融企业改革的重中之重

July 6, 2020

Beijing outbreak is “under control”

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers. On July 5, China reported four new COVID-19 cases (NHC): One was a domestically transmitted case in Beijing. Three other confirmed cases were imported from abroad. In Beijing, the recent resurgence …

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers.
On July 5, China reported four new COVID-19 cases (NHC):

One was a domestically transmitted case in Beijing.
Three other confirmed cases were imported from abroad.

In Beijing, the recent resurgence ...

sources

NHC: http://www.nhc.gov.cn/xcs/yqfkdt/202007/50644bdd6b184ecca4d0756ab287ca82.shtml

Gov.cn: 北京累计完成采样1041.4万人核酸筛查发现病例占52%

Gov.cn: 7月4日起低风险地区出京不需持有核酸检测阴性证明

June 24, 2020

Water under the bridge

On Tuesday, Chinese foreign minister Wang Yi held a video conference with two of his counterparts: Russian foreign minister Sergey Lavrov Indian minister of external affairs Subrahmanyam Jaishankar Some context: Regular Tip Sheet readers may remember Jaishankar from his recent awkward phone call w…

On Tuesday, Chinese foreign minister Wang Yi held a video conference with two of his counterparts:

Russian foreign minister Sergey Lavrov
Indian minister of external affairs Subrahmanyam Jaishankar

Some context: Regular Tip Sheet readers may remember Jaishankar from his recent awkward phone call w...

sources

Xinhua: Chinese foreign minister calls on China, Russia, India to work together

Reuters: China proposes ‘fast track’ arrangements for people and goods with India, Russia

Gov.cn: 王毅出席中俄印外长视频会晤

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