string(13) "markets-macro"

Macro

July 3, 2024

Li Qiang overturns Li Keqiang

Millions of business owners are now on the hook to increase short-term capital injections. On Monday, Premier Li Qiang approved new regulations that change how shareholders fund their registered capital commitments. Some context: In 2013, late premier Li Keqiang spearheaded a change in how businesse… Username Password Remember Me Forgot Password

Millions of business owners are now on the hook to increase short-term capital injections.
On Monday, Premier Li Qiang approved new regulations that change how shareholders fund their registered capital commitments.
Some context: In 2013, late premier Li Keqiang spearheaded a change in how businesse...

sources

Gov.cn: 司法部市场监管总局负责人就《国务院关于实施〈中华人民共和国公司法〉注册资本登记管理制度的规定》答记者问

Gov.cn: China issues regulations on implementing registered capital management system of Company Law

July 3, 2024

Lithium overcapacity fears raise pressure on Beijing to intervene

China’s lithium overcapacity problem demands government intervention. That’s our take from the 2024 International Lithium Battery New Energy Industry Conference, held June 28 in Sichuan. Top among key concerns: Former Vice Minister of Industry and Information Technology Su Bo argued that trade bar…

China's lithium overcapacity problem demands government intervention.

That's our take from the 2024 International Lithium Battery New Energy Industry Conference, held June 28 in Sichuan.

Top among key concerns: Former Vice Minister of Industry and Information Technology Su Bo argued that trade bar...

sources

NBD: 工信部原副部长苏波：锂电池行业要做好准备，应对出口可能减少所带来的风险

NCSTI: 锂离子电池行业规范条件（2024年本）

Reuters: Lithium producers bullish on long-term demand despite recent price drop

July 3, 2024

PBoC’s monetary tightening enters fourth month

Monetary policy continues to tighten. The latest: In June, the central bank’s (PBoC) pledged supplementary lending (PSL) facility contracted for the fourth consecutive month, fully unwinding its December-January expansion. This comes after the PBoC drained funds via the medium-term lending facility…

Monetary policy continues to tighten.
The latest: In June, the central bank's (PBoC) pledged supplementary lending (PSL) facility contracted for the fourth consecutive month, fully unwinding its December-January expansion.

This comes after the PBoC drained funds via the medium-term lending facility...

sources

PBoC: 2024年6月抵押补充贷款开展情况

July 3, 2024

Secondhand housing market gets a boost

Sales of existing homes are surging in major cities. According to the latest transaction data published by local real estate brokerages, in June: 26,374 secondhand units were sold in Shanghai, the highest monthly amount in three years Transactions increased 9% m/m in Shenzhen, and 66% y/y to 5,309 …

Sales of existing homes are surging in major cities.
According to the latest transaction data published by local real estate brokerages, in June:

26,374 secondhand units were sold in Shanghai, the highest monthly amount in three years
Transactions increased 9% m/m in Shenzhen, and 66% y/y to 5,309 ...

sources

Cailianshe: 重磅楼市政策加持下京沪深6月二手房成交量大幅上扬

Yicai: 降首付一个月，广州二手房成交破万套

July 3, 2024

Flash talk | The PBoC’s monetary policy overhaul

After a couple of restful weeks away, Trivium Co-founder Andrew Polk is back in the saddle, joined as always by Dinny McMahon, Trivium’s Head of China Markets Research. For this week’s flash talk, the gents get deep into the weeds on Chinese monetary policy. On June 19, central bank (PBoC) governor …

After a couple of restful weeks away, Trivium Co-founder Andrew Polk is back in the saddle, joined as always by Dinny McMahon, Trivium's Head of China Markets Research.
For this week's flash talk, the gents get deep into the weeds on Chinese monetary policy.
On June 19, central bank (PBoC) governor ...

July 3, 2024

Beijing’s push to fund startups

On Saturday, the central bank (PBoC) and six other ministries jointly released an action plan to increase financial support for startups. The full text has not yet been released. ICYDK: China’s startup ecosystem is experiencing a funding crunch, with venture investments down 36.7% y/y …

On Saturday, the central bank (PBoC) and six other ministries jointly released an action plan to increase financial support for startups.

The full text has not yet been released.

ICYDK: China’s startup ecosystem is experiencing a funding crunch, with venture investments down 36.7% y/y ...

sources

Gov.cn: 中国人民银行等七部门联合印发《关于扎实做好科技金融大文章的工作方案》

July 3, 2024

MIIT to form AI technical standards committee

China’s AI industry needs to coordinate. That’s the implication of the plan released on Monday by the industrial ministry (MIIT) to create an AI standards technical committee. The job of the committee will be to determine, formulate, and implement AI industry standards, under the guidance of MIIT. …

China’s AI industry needs to coordinate.
That's the implication of the plan released on Monday by the industrial ministry (MIIT) to create an AI standards technical committee.

The job of the committee will be to determine, formulate, and implement AI industry standards, under the guidance of MIIT.
...

sources

MIIT: 工业和信息化部人工智能标准化技术委员会筹建方案公示

July 3, 2024

Beijing places its bet on smart infrastructure

On Sunday, the Beijing municipal government published draft autonomous driving regulations. Some context: Policymakers are taking driverless vehicles from limited testing to large-scale deployments. In December, the Ministry of Transportation (MoT) published national guidelines to unify pilot effor…

On Sunday, the Beijing municipal government published draft autonomous driving regulations.
Some context: Policymakers are taking driverless vehicles from limited testing to large-scale deployments.

In December, the Ministry of Transportation (MoT) published national guidelines to unify pilot effor...

sources

Beijing Gov: 关于对《北京市自动驾驶汽车条例（征求意见稿）》公开征集意见的公告

Caixin: 北京自动驾驶汽车条例征求意见国内为何钟情车路云一体化？

July 2, 2024

Property market showing signs of improvement

The property market sales slump is slowing. On Sunday, China Real Estate Information Corp. (CRIC) published its monthly survey of home sales figures from the country’s top 100 developers. The headlines: In June, new home sales reached RMB 438.93 billion, a 36.3% m/m increase from May. Sales fell 16…

In June, new home sales reached RMB 438.93 billion, a 36.3% m/m increase from May.
Sales fell 16...

sources

CRIC: 2024上半年中国房地产企业销售TOP200排行榜

July 2, 2024

Zhengzhou housing market trick not a national model

The most successful municipal experiment with property buybacks doesn’t provide a viable model for other cities to follow. ICYDK: The central bank (PBoC) recently launched an RMB 300 billion relending facility to finance local governments’ acquisition of unsold apartments and their conversion into a…

The most successful municipal experiment with property buybacks doesn’t provide a viable model for other cities to follow.
ICYDK: The central bank (PBoC) recently launched an RMB 300 billion relending facility to finance local governments’ acquisition of unsold apartments and their conversion into a...

sources

Economic Observer: 郑州收储存量房这两年

Southern Weekly: 地方政府收购商品房早有试点：钱从哪来，收谁的房

July 2, 2024

PBoC to borrow Chinese government bonds

China’s central bank (PBoC) has taken a major step toward realizing its plan to trade government bonds. The details: On Monday, the PBoC said it would start borrowing Chinese government bonds (CGBs) from primary dealers “in the near future.” It said the measure will: “Maintain the sound operation o…

China’s central bank (PBoC) has taken a major step toward realizing its plan to trade government bonds.
The details: On Monday, the PBoC said it would start borrowing Chinese government bonds (CGBs) from primary dealers “in the near future.” It said the measure will:

“Maintain the sound operation o...

sources

PBoC: 公开市场业务公告［2024］第2号

July 2, 2024

Former Xi subordinate takes over in Anhui

There’s a new chief in town. Well, three new chiefs, in fact. On Friday, the Party appointed three new Party secretaries for the provinces of Jilin, Anhui, and Ningxia. Of particular note: Liang Yanshun, 61, became Party chief of Anhui province, a manufacturing powerhouse in central China. He rep…

There's a new chief in town.

Well, three new chiefs, in fact.

On Friday, the Party appointed three new Party secretaries for the provinces of Jilin, Anhui, and Ningxia.
Of particular note: Liang Yanshun, 61, became Party chief of Anhui province, a manufacturing powerhouse in central China.

He rep...

sources

Xinhua: 吉林等3省区党委主要负责同志职务调整

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