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Macro

October 30, 2017

Seven provincial Party bosses reshuffled

We’ve got a new Politburo, but the personnel reshuffle is far from over. Over the weekend, seven new provincial Party secretaries were installed – that’s almost a quarter of all provinces. Who went where? Shanghai:Li Qiang, 58,previously Jiangsu Party secretary Guangdong: Li Xi, 61, previ… Username Password Remember Me Forgot Password

Shanghai:Li Qiang, 58,previously Jiangsu Party secretary
Guangdong: Li Xi, 61, previ...

sources

CPC People: 上海等3省市党委主要负责同志职务调整

CPC People: 广东省委主要负责同志职务调整李希兼任广东省委书记

CPC People: 河北省委主要负责同志职务调整王东峰任河北省委书记

CPC People: 福建省委主要负责同志职务调整于伟国任福建省委书记

CPC People: 辽宁省委主要负责同志职务调整陈求发任辽宁省委书记

October 30, 2017

New Politburo cracks its books

The Politburo also held its first study session on Friday (which is separate from the body’s regular meetings). The topic was predictable enough: Studying the spirit of the 19th Party Congress. Per Xi: “Members of the Political Bureau of the CPC Central Committee should regard the study and im…

The Politburo also held its first study session on Friday (which is separate from the body’s regular meetings).
The topic was predictable enough: Studying the spirit of the 19th Party Congress.

Per Xi: “Members of the Political Bureau of the CPC Central Committee should regard the study and im...

sources

CPC People: 习近平：切实学懂弄通做实党的十九大精神努力在新时代开启新征程续写新篇章

Xinhua: Xi urges study, implementation of CPC congress spirit

October 30, 2017

Xi to Politburo: “You work for me”

Xi Jinping chaired the first meeting of the new Politburo on Friday. The meeting approved two sets of new rules: Rules on Enhancing and Securing Centralized Leadership of the CCP Central Committee by the Politburo Specific Rules on the Politburo’s Implementation of the Eight-point Frugality Rules …

Xi Jinping chaired the first meeting of the new Politburo on Friday.
The meeting approved two sets of new rules:

Rules on Enhancing and Securing Centralized Leadership of the CCP Central Committee by the Politburo
Specific Rules on the Politburo’s Implementation of the Eight-point Frugality Rules

...

sources

CPC People: 习近平主持中央政治局会议研究部署学习宣传贯彻党的十九大精神

Xinhua: Senior officials urged to uphold leadership of CPC Central Committee

October 30, 2017

Financial regulators send tightening signals

Financial regulators are sending clear signals that more regulatory pressure is coming: First, on Friday, the banking regulator (CBRC) held a meeting where its chairman, Guo Shuqing, recommitted to “preventing and resolving” financial risks. The message: we are just getting started on the…

Financial regulators are sending clear signals that more regulatory pressure is coming:
First, on Friday, the banking regulator (CBRC) held a meeting where its chairman, Guo Shuqing, recommitted to “preventing and resolving” financial risks.

The message: we are just getting started on the...

sources

21st Century Biz: 银监会传达十九大精神：坚决防范和化解新形势下金融风险

Bloomberg: China Central Bank Sells 63-Day Reverse Repo for First Time

Caixin: 中央纪委驻央行新任纪检组长徐加爱此前任浙江政法委书记仅两月|金融百晓生

October 30, 2017

Financial markets get nervous post-congress

Now that the Party Congress is over, China’s financial markets are back in focus. Bond markets are especially skittish. Last week, the yield on benchmark 10-year treasuries steadily increased by 10 basis points. Then on Monday, they jumped another 12 basis-points – that’s quite a single-da…

Now that the Party Congress is over, China’s financial markets are back in focus.
Bond markets are especially skittish. Last week, the yield on benchmark 10-year treasuries steadily increased by 10 basis points.
Then on Monday, they jumped another 12 basis-points – that’s quite a single-da...

sources

Bloomberg: China Bond Selloff Spreads to Stocks as Deleveraging Risks Mount

Bloomberg: China Corporate Bond Investors’ Luck May Be About to Run Out

October 27, 2017

Can the Party make cadres’ less risk-averse?

Xi Jinping has a management issue. How does he improve discipline and keep the pressure on local officials but stop scaring them into inaction? His report to the Party congress touched on the issue. He claims to want to create new incentives – ones that tolerate mistakes but not malfeasa…

Xi Jinping has a management issue.
How does he improve discipline and keep the pressure on local officials but stop scaring them into inaction?
His report to the Party congress touched on the issue. He claims to want to create new incentives – ones that tolerate mistakes but not malfeasa...

sources

Xinhua: 十九大新闻发言人专题新闻发布会（实录）

October 27, 2017

Get ready for the National Supervisory Commission

Call us nerds, we don’t care – we are really excited about this one: The new National Supervisory Commission will be set up next year. It will be one of the biggest developments of Xi’s second term. The new body will expand the role of the Party’s discipline commission (CCDI) and widen its…

Call us nerds, we don’t care – we are really excited about this one:
The new National Supervisory Commission will be set up next year. It will be one of the biggest developments of Xi’s second term.
The new body will expand the role of the Party’s discipline commission (CCDI) and widen its...

sources

SCMP: Higher profile for anti-corruption watchdogs as China’s graft-busters rise up the rungs of power

October 27, 2017

How China’s new leaders were selected

If you are like us, you’ve been wondering how the new Politburo, which was revealed on Wednesday, was chosen. Yesterday, Xinhua gave a rundown of the process. According to Xinhua, the PBSC “unanimously” decided that the best way would be through in-person discussions – both with the candidates…

If you are like us, you’ve been wondering how the new Politburo, which was revealed on Wednesday, was chosen.
Yesterday, Xinhua gave a rundown of the process.
According to Xinhua, the PBSC “unanimously” decided that the best way would be through in-person discussions – both with the candidates...

sources

Xinhua: 领航新时代的坚强领导集体——党的新一届中央领导机构产生纪实

October 27, 2017

Military Commission shrinks

China’s Central Military Commission just got a lot smaller (SCMP): “The top echelon of the body overseeing…the world’s biggest military has shrunk by a third to make it the smallest leadership line-up in the history of the People’s Liberation Army.” “The Communist Party announced on Wednesday …

China’s Central Military Commission just got a lot smaller (SCMP):

“The top echelon of the body overseeing…the world’s biggest military has shrunk by a third to make it the smallest leadership line-up in the history of the People’s Liberation Army.”
“The Communist Party announced on Wednesday ...

sources

SCMP: Xi Jinping rolls out leaner top line-up for China’s military machine

Xinhua: List of chairman, vice chairmen, members of CPC Central Military Commission

October 27, 2017

Property is political

In 2017, the property sector has provided a tailwind for the economy. But it increasingly looks like it will be a headwind in 2018. The latest evidence of tightening (Caixin): “Chinese regulators will increase scrutiny over home price-setting in a nationwide inspection.” “The inspection will take a…

In 2017, the property sector has provided a tailwind for the economy. But it increasingly looks like it will be a headwind in 2018. The latest evidence of tightening (Caixin):

“Chinese regulators will increase scrutiny over home price-setting in a nationwide inspection.”
“The inspection will take a...

sources

Caixin: Quick Take: Regulators Eye Illegal Price-Setting in Property Market

October 27, 2017

China and global capital markets

Tip Sheet readers know that China is about to issue a central government bond offshore for the fist time in a while – we’ve highlighted it several times recently. In fact, yesterday, we tipped you off to the real reason behind the issuance – cheap Belt and Road funding. But guess what: int…

Tip Sheet readers know that China is about to issue a central government bond offshore for the fist time in a while – we’ve highlighted it several times recently.
In fact, yesterday, we tipped you off to the real reason behind the issuance – cheap Belt and Road funding.
But guess what: int...

sources

Reuters: Global investors race for rare China sovereign bond, orders top $20 bln

October 26, 2017

Xi talks to Trump

The Party Congress is over, and now it’s time for everybody to get back to work. For Xi Jinping, one of the biggest challenges of his second term will be managing relations with the United States. Xi spoke with US President Trump yesterday. From the readout, there was nothing of substance …

The Party Congress is over, and now it’s time for everybody to get back to work.
For Xi Jinping, one of the biggest challenges of his second term will be managing relations with the United States.
Xi spoke with US President Trump yesterday. From the readout, there was nothing of substance ...

sources

Xinhua: 习近平应约同美国总统特朗普通电话

Xinhua: Trump congratulates Xi on being re-elected general secretary of CPC Central Committee

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