string(13) "markets-macro"

Macro

January 9, 2018

Price liberalization means paying more for flights

Careful what you wish for. Lots of Western governments, businesspeople, and economists want China to get on with it’s promises of marketization. Well, it looks like one industry will see more market pricing imminently – the airlines. (Caixin): “A document issued on Friday by the Civil Aviation… Username Password Remember Me Forgot Password

Careful what you wish for.
Lots of Western governments, businesspeople, and economists want China to get on with it’s promises of marketization.
Well, it looks like one industry will see more market pricing imminently – the airlines. (Caixin):

“A document issued on Friday by the Civil Aviation...

sources

Caixin: Chinese Airlines to Set Ticket Prices on Country’s Busiest Routes

January 9, 2018

CBRC touts record fines

The banking regulator (CBRC) doesn’t want to be outdone by the securities regulator (CSRC). That’s one reason that the CBRC has been touting the record number and amount of fines it handed out in 2017, after the CSRC was hyping some of its own financial smackdowns (see yesterday’s Tip Shee…

The banking regulator (CBRC) doesn’t want to be outdone by the securities regulator (CSRC).
That’s one reason that the CBRC has been touting the record number and amount of fines it handed out in 2017, after the CSRC was hyping some of its own financial smackdowns (see yesterday’s Tip Shee...

sources

Caixin: Banking Watchdog Displaying Plenty of Bite

21st Century Biz: 银监会拆解“影子银行”等风险：明确2018年重点整治八大领域

January 9, 2018

Macron in Beijing

Xi hosted French president Emmanuel Macron at the Diaoyutai State Guesthouse on Monday night. Predictably, Xi stuck to his script, repeating his main foreign policy initiatives (Xinhua): “Xi said China advocated the building of a community with a shared future for mankind.” “China stands …

Xi hosted French president Emmanuel Macron at the Diaoyutai State Guesthouse on Monday night.
Predictably, Xi stuck to his script, repeating his main foreign policy initiatives (Xinhua):

“Xi said China advocated the building of a community with a shared future for mankind.”
“China stands ...

sources

CPC People: 习近平会见法国总统马克龙

Xinhua: Xi meets with Macron

AFP: Macron endorses China’s Silk Road but warns against ‘hegemony’

January 8, 2018

What you missed while the Tip Sheet was away – politics edition

China’s leaders were busy during our break over the past three weeks. Here are the most important things that happened on the political side: Xi and company convened the Central Economic Work Conference (CEWC) to set the economic agenda for the year. Financial risk, poverty alleviation an…

China’s leaders were busy during our break over the past three weeks. Here are the most important things that happened on the political side:

Xi and company convened the Central Economic Work Conference (CEWC) to set the economic agenda for the year. Financial risk, poverty alleviation an...

January 8, 2018

What you missed while the Tip Sheet was away – finance edition

The central bank and each of the three financial commissions held individual meetings to explain and interpret key outcomes of the Central Economic Work Conference to internal stakeholders. Working to contain financial risk was a key message in each meeting (Here’s the PBoC‘s version…

January 8, 2018

Xi’s requirements for 19th central committee

This weekend’s workshop at the Central Party School (see entry #1) was all about training China’s top officials so that they are better able to carry out the Party’s mission. That wasn’t the only time that Xi recently lectured top officials on how to be better Party members….

This weekend’s workshop at the Central Party School (see entry #1) was all about training China’s top officials so that they are better able to carry out the Party’s mission.
That wasn’t the only time that Xi recently lectured top officials on how to be better Party members....

sources

Qiushi: 习近平在党的十九届一中全会上的讲话

January 8, 2018

CSRC keeps the fines coming

Financial regulators aren’t just adding new rules, they are also signaling an intention to intensify inspections and increase punishments for non-compliant financial institutions. The head of the securities regulator (CSRC), Liu Shiyu, recently held a high-profile meeting with the CSRC’s i…

Financial regulators aren’t just adding new rules, they are also signaling an intention to intensify inspections and increase punishments for non-compliant financial institutions.
The head of the securities regulator (CSRC), Liu Shiyu, recently held a high-profile meeting with the CSRC’s i...

sources

China Securities Journal: 刘士余：强有力稽查执法是资本市场高质量发展根本要求

China Securities Journal: 证监会对5宗案件作出行政处罚

January 8, 2018

Financial regulators start 2018 with a bang

In just the past three days, financial regulators released new rules overseeing several parts of the financial system. The central bank joined the securities, insurance and banking regulatory commissions in standardizing rules governing the bond market (Caixin): “The new rules require that fin…

In just the past three days, financial regulators released new rules overseeing several parts of the financial system.
The central bank joined the securities, insurance and banking regulatory commissions in standardizing rules governing the bond market (Caixin):

“The new rules require that fin...

sources

Caixin: New Bond-Trading Rules Aim to Clean Up ‘Under-the-Table’ Deals

PBoC: 《中国人民银行银监会证监会保监会关于规范债券市场参与者债券交易业务的通知》答记者问

Reuters: China tightens rules on commercial lender shareholders, entrusted loans

CBRC: 中国银监会发布《商业银行委托贷款管理办法》

CBRC: 中国银监会印发《商业银行股权管理暂行办法》

January 8, 2018

Xi puts the communist back in the CCP

It’s back to school for China’s top officials. Central Committee members and ministerial-level officials gathered at the Central Party School (CPS) on Friday for a workshop. No extra points for guessing the curriculum (Xinhua): “The workshop is focused on the study and implementation of ‘…

It’s back to school for China’s top officials. Central Committee members and ministerial-level officials gathered at the Central Party School (CPS) on Friday for a workshop.
No extra points for guessing the curriculum (Xinhua):

“The workshop is focused on the study and implementation of ‘...

sources

CPC People: 习近平：以时不我待只争朝夕的精神投入工作开创新时代中国特色社会主义事业新局面

Xinhua: Xi emphasizes upholding, developing socialism with Chinese characteristics

December 15, 2017

Get ready for Digital Leninism

Mara Hvistendahl at Wired has a great piece on China’s social credit system: “In 2014 the Chinese government announced it was developing what it called a system of ‘social credit.’” “In 2014, the State Council, China’s governing cabinet, publicly called for the establishment of a nationwide …

Mara Hvistendahl at Wired has a great piece on China’s social credit system:

“In 2014 the Chinese government announced it was developing what it called a system of ‘social credit.’”

“In 2014, the State Council, China’s governing cabinet, publicly called for the establishment of a nationwide ...

sources

Wired: In China, A Three-Digit Score Could Dictate Your Place In Society

Merics: Central Planning, local experiments: The complex implementation of China’s Social Credit System

December 15, 2017

Central government goes after local protectionism

In October, the National Development and Reform Commission (NDRC) issued rules requiring local governments to make sure that regulations don’t impede competition. (See October 31 Tip Sheet) Now the NDRC is going against unfair competition. Along with the Ministry of Finance and Ministry of…

In October, the National Development and Reform Commission (NDRC) issued rules requiring local governments to make sure that regulations don’t impede competition. (See October 31 Tip Sheet)
Now the NDRC is going against unfair competition. Along with the Ministry of Finance and Ministry of...

sources

NDRC: 关于印发《2017-2018年清理现行排除限制竞争政策措施的工作方案》的通知

21st Century Biz: 三部委发文推动公平竞争半年内清理地方保护等政策

21st Century Biz: 国务院各部委已对1000多份部门文件进行了公平竞争审查

December 15, 2017

Know your regulator, finance edition

There was a lot going on in financial policy these past few days. One small-but-important change came on the personnel front when financial media reported that Yan Qingmin will soon become a vice-chairman of the securities regulator (CSRC). A little about Yan (Caixin): “Yan, 56, will succ…

There was a lot going on in financial policy these past few days.
One small-but-important change came on the personnel front when financial media reported that Yan Qingmin will soon become a vice-chairman of the securities regulator (CSRC).
A little about Yan (Caixin):

“Yan, 56, will succ...

sources

Caixin: Tianjin Deputy Mayor to Take Senior Post at Securities Regulator

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162