string(13) "markets-macro"

Macro

August 30, 2024

Online recruiters under regulatory scrutiny

Data regulators are coming for online HR and recruitment services. On Thursday, the human resources ministry (MoHRSS) and the cyberspace regulator (CAC) jointly outlined plans to reign in abuses in the HR and recruiting industries. Those plans include: Strengthening licensing requirements for recr… Username Password Remember Me Forgot Password

Data regulators are coming for online HR and recruitment services.
On Thursday, the human resources ministry (MoHRSS) and the cyberspace regulator (CAC) jointly outlined plans to reign in abuses in the HR and recruiting industries.
Those plans include:

Strengthening licensing requirements for recr...

sources

Gov.cn: 人力资源社会保障部中央网信办关于进一步加强人力资源市场规范管理的通知

August 29, 2024

Just don’t call it a bailout

One of China’s most senior economic advisors thinks Beijing should assume some local government debt. In a column published in the official newspaper of the political advisory body (CPPCC), Liu Shangxi – who ranks fourth on our list of the most influential government economic advisors (read our prof…

One of China’s most senior economic advisors thinks Beijing should assume some local government debt.
In a column published in the official newspaper of the political advisory body (CPPCC), Liu Shangxi – who ranks fourth on our list of the most influential government economic advisors (read our prof...

sources

CPPCC: 刘尚希委员：新一轮财税体制改革应突出“人本逻辑

August 29, 2024

MoF goes after accounting fraud

On Friday, the finance ministry (MoF) published an essay explaining the penalties rolled out under the revised Accounting Law, which took effect in July. Citing scandals involving Luckin Coffee, China Huarong Asset Management, and China Evergrande Group, MoF said: “In recent years, accounting viola…

On Friday, the finance ministry (MoF) published an essay explaining the penalties rolled out under the revised Accounting Law, which took effect in July.
Citing scandals involving Luckin Coffee, China Huarong Asset Management, and China Evergrande Group, MoF said:

“In recent years, accounting viola...

sources

MoF: 加大法律责任追究力度为防范遏制会计违法行为提供有力法治保障——新会计法系列解读之六

August 29, 2024

Cities allow borrowers to swap commercial mortgages for provident fund loans

Cities are adopting innovative solutions to bring down the cost of existing mortgages. In recent months, over 30 cities have offered homeowners the option to swap their commercial mortgages for cheaper housing provident fund (HPF) loans (21st Century Biz). Refresher: Administered by local authoritie…

Cities are adopting innovative solutions to bring down the cost of existing mortgages.
In recent months, over 30 cities have offered homeowners the option to swap their commercial mortgages for cheaper housing provident fund (HPF) loans (21st Century Biz).
Refresher: Administered by local authoritie...

sources

21st Century Biz: 存量房贷减负多地“商转公”开花一年节约超1万元

PBoC: 2021年第四季度中国货币政策执行报告

PBoC: 2024年第二季度中国货币政策执行报告

PBoC: 2024年一季度金融机构贷款投向统计报告

MoF: 全国住房公积金 2023 年年度报告

August 29, 2024

China tells barley, sorghum buyers to reduce imports

Beijing is pushing major grain and oilseed buyers to prioritize homegrown crops. On Wednesday, Bloomberg scooped that the macro planner (NDRC) called in top traders this week to “suggest” they reduce barley and sorghum imports. According to insiders, booked cargoes are unlikely to be impacted – but…

Beijing is pushing major grain and oilseed buyers to prioritize homegrown crops.
On Wednesday, Bloomberg scooped that the macro planner (NDRC) called in top traders this week to “suggest” they reduce barley and sorghum imports.

According to insiders, booked cargoes are unlikely to be impacted – but...

sources

Bloomberg: China Proposes New Curbs on Grain Imports to Boost Local Prices

Securities Times: 上半年生猪市场行情回暖 A股猪企业绩普遍好转扩张仍谨慎

August 29, 2024

Wang and Sullivan get down to brass tacks

The US and China have lots to talk about. On Tuesday and Wednesday, top diplomat Wang Yi held talks with US National Security Advisor Jake Sullivan in Beijing. Wang’s extensive comments touched on (Xinhua): The way forward for US-China relations, calling for mutual respect and win-win cooperation T…

The way forward for US-China relations, calling for mutual respect and win-win cooperation
T...

sources

Xinhua: China-U.S. strategic communication held in Beijing, seeing candid, substantive, constructive discussions

White House: Readout of National Security Advisor Jake Sullivan’s meeting with Chinese Communist Party Politburo Member, Director of the Office of the Foreign Affairs Commission, and Foreign Minister Wang Yi

Reuters: Chinese, US officials discuss new round of talks between Biden and Xi

August 29, 2024

A big leap forward for data asset reporting

China’s big firms are putting data on the balance sheet. On Tuesday, 21st Century Biz reported that an increasing number of listed companies are including the value of their data assets as a component of their H1 financial reports. Some background: Beginning January 1, the Ministry of Finance (MoF)…

China's big firms are putting data on the balance sheet.
On Tuesday, 21st Century Biz reported that an increasing number of listed companies are including the value of their data assets as a component of their H1 financial reports.
Some background: Beginning January 1, the Ministry of Finance (MoF)...

sources

21st Century Biz: 上市公司半年报已入表数据资源超3亿，开发支出占比76%

August 29, 2024

Shrinking critical minerals exports

On Tuesday, the FT reported that China’s export controls on critical minerals are beginning to impact firms. Some context: Last year, the Ministry of Commerce (MofCom) placed export controls on graphite, germanium, and gallium – key inputs in various industrial sectors. On August 15, controls…

On Tuesday, the FT reported that China’s export controls on critical minerals are beginning to impact firms.
Some context: Last year, the Ministry of Commerce (MofCom) placed export controls on graphite, germanium, and gallium – key inputs in various industrial sectors.

On August 15, controls...

sources

FT: China’s export curbs on semiconductor materials stoke chip output fears

August 29, 2024

Are more data protections for enterprises on the way?

Quick heads up: On Wednesday, the National Data Administration (NDA) coyly announced that two new policies related to the data economy will be released before the end of the year. One policy will address “the utilization and development” of data held by enterprises. The other will address data hel…

Quick heads up: On Wednesday, the National Data Administration (NDA) coyly announced that two new policies related to the data economy will be released before the end of the year.

One policy will address "the utilization and development" of data held by enterprises.
The other will address data hel...

sources

Yicai: 国家数据局：公共数据、企业数据两份开发利用文件年内出台

August 28, 2024

Tax reform for the people

The Party wants to use tax reform to drive more equitable wealth distribution. So says Han Wenxiu, executive deputy director at the general office of the Central Commission for Financial and Economic Affairs (CCFEA). ICYDK: The CCFEA is the Party’s top economic strategy body. Han played a key rol…

The Party wants to use tax reform to drive more equitable wealth distribution.

So says Han Wenxiu, executive deputy director at the general office of the Central Commission for Financial and Economic Affairs (CCFEA).

ICYDK: The CCFEA is the Party’s top economic strategy body.

Han played a key rol...

sources

People's Daily: 深化财税体制改革（学习贯彻党的二十届三中全会精神）

August 28, 2024

MIIT proposes punitive new ICE energy efficiency standards

Regulators are hiking up auto fuel efficiency standards. On August 21, the industry regulator (MIIT) released draft mandatory fuel efficiency standards for internal combustion engine (ICE) and battery electric vehicles (EVs). Some context: MIIT has gradually ramped up ICE fuel efficiency requirement…

Regulators are hiking up auto fuel efficiency standards.
On August 21, the industry regulator (MIIT) released draft mandatory fuel efficiency standards for internal combustion engine (ICE) and battery electric vehicles (EVs).
Some context: MIIT has gradually ramped up ICE fuel efficiency requirement...

sources

Gov.cn: 公开征求《乘用车燃料消耗量评价方法及指标》等两项强制性国家标准的意见

August 28, 2024

July fiscal revenue drop underscores sluggish economic activity

Economic weakness continues to weigh on government revenue. In July, general government revenue fell 1.9% y/y, a marginal improvement over June’s 2.6% decline. Tax receipts – which account for about 80% of general public revenue – fell 4% y/y, marking the eighth month of decline. Revenues wer…

Economic weakness continues to weigh on government revenue.
In July, general government revenue fell 1.9% y/y, a marginal improvement over June’s 2.6% decline.

Tax receipts – which account for about 80% of general public revenue – fell 4% y/y, marking the eighth month of decline.

Revenues wer...

sources

MoF: 2024年7月财政收支情况

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162