string(13) "markets-macro"

Macro

May 29, 2024

The Big Fund’s big move

Business registration records show that the Big Fund – China’s largest state-owned semiconductor investment fund – has completed its third fundraising round. With a registered capital of RMB 344 billion, it’s bigger than ever: The previous two rounds raised RMB 139 billion and RMB 204 billion … Username Password Remember Me Forgot Password

Business registration records show that the Big Fund – China’s largest state-owned semiconductor investment fund – has completed its third fundraising round.
With a registered capital of RMB 344 billion, it’s bigger than ever: The previous two rounds raised RMB 139 billion and RMB 204 billion ...

sources

Caixin: 国家大基金三期成立注册资本3440亿元

Yicai: 国家大基金三期来了，投资风向吹向哪？

May 28, 2024

Li Qiang advocates for economic integration with East Asian neighbors

Beijing wants closer economic ties with its East Asian neighbors. On Monday, Premier Li Qiang attended the eighth China-Japan-South Korea Business Summit on the sidelines of the Trilateral Summit between the three countries. Some context: The three countries’ economies are highly interconnected, wit…

Beijing wants closer economic ties with its East Asian neighbors.
On Monday, Premier Li Qiang attended the eighth China-Japan-South Korea Business Summit on the sidelines of the Trilateral Summit between the three countries.
Some context: The three countries' economies are highly interconnected, wit...

sources

Gov.cn: 李强在第八届中日韩工商峰会上的致辞（全文）

May 28, 2024

State media says China may probe EU pork

China’s pork producers will soon petition Beijing to launch an anti-dumping investigation into “certain pork from the EU.” State media outlet Global Times reported the news on Sunday, citing an industry insider. The report was part of a longer article criticizing a joint communique from G7 finance …

China's pork producers will soon petition Beijing to launch an anti-dumping investigation into "certain pork from the EU."
State media outlet Global Times reported the news on Sunday, citing an industry insider.

The report was part of a longer article criticizing a joint communique from G7 finance ...

sources

Global Times: G7 slammed for baseless claims against China

Xinhua: Spain, China have "great possibilities" in agri-food cooperation -- minister

Twitter: Luis Planas Puchades on "X"

MARA: 马有祥会见西班牙农业、渔业和食品部农业和食品国务秘书贝纳尔、渔业秘书长加西亚

May 28, 2024

Learn NQPFs by promoting NQPFs

On Monday, the Politburo approved policy measures to support the development of China’s central region. We expected this: Xi chaired a symposium on “promoting the rise of the central region” in March. A month later, Premier Li Qiang called for more coordination to speed up regional development. IC…

On Monday, the Politburo approved policy measures to support the development of China's central region.
We expected this: Xi chaired a symposium on “promoting the rise of the central region” in March.

A month later, Premier Li Qiang called for more coordination to speed up regional development.

IC...

sources

Gov.cn: 中共中央政治局召开会议审议《新时代推动中部地区加快崛起的若干政策措施》《防范化解金融风险问责规定（试行）》中共中央总书记习近平主持会议

May 28, 2024

It’s okay (when it’s in a three-way)

China, Japan, and South Korea have committed to talking more. On Monday, Premier Li Qiang attended the Ninth China-Japan-South Korea Trilateral Summit in Seoul. Some context: The last trilat of this kind took place in December 2019, with COVID and occasionally rancorous relations preventing addition…

China, Japan, and South Korea have committed to talking more.
On Monday, Premier Li Qiang attended the Ninth China-Japan-South Korea Trilateral Summit in Seoul.
Some context: The last trilat of this kind took place in December 2019, with COVID and occasionally rancorous relations preventing addition...

sources

MoFA: Li Qiang stressed at the ninth China-Japan-ROK trilateral summit meeting: Embark on a new journey of China-Japan-ROK cooperation and make greater contribution to regional prosperity and stability

Xinhua: Full Text: Joint Declaration of the 9th ROK-Japan-China Trilateral Summit

Reuters: South Korea, China, Japan joint declaration after first summit in four years

May 28, 2024

Li Qiang calls for increased use of administrative reconsideration

Premier Li Qiang wants to revamp the way people complain about local government actions. Friday’s State Council executive meeting agreed to explore new mechanisms to channel litigation and petitions against local governments into an alternative, administrative reconsideration channel. Some context: …

Premier Li Qiang wants to revamp the way people complain about local government actions.
Friday's State Council executive meeting agreed to explore new mechanisms to channel litigation and petitions against local governments into an alternative, administrative reconsideration channel.
Some context: ...

sources

CCTV: [视频]李强主持召开国务院常务会议

21st Century Biz: 国常会听取行政复议工作情况汇报抓紧修订行政复议法实施条例

May 28, 2024

More cities jump on the property trade-in wagon

“Property trade-in” has become a new policy buzzword – but how do trade-ins work? Some context: In recent weeks, at least 71 cities – including Shanghai, Guangzhou, and Shenzhen – have begun experimenting with old-for-new trade-in schemes for residential properties (The Paper). FYI: Officials view h…

“Property trade-in” has become a new policy buzzword – but how do trade-ins work?
Some context: In recent weeks, at least 71 cities – including Shanghai, Guangzhou, and Shenzhen – have begun experimenting with old-for-new trade-in schemes for residential properties (The Paper).
FYI: Officials view h...

sources

The Paper: 超70城推住房以旧换新：更多城市鼓励国企收购二手房，南京已有52组成交

May 28, 2024

CATL eyeing EU with overseas capacity expansions

Chinese battery leader CATL is intensifying its overseas expansion. On May 22, the company announced plans for a battery plant in Spain and a cathode materials plant in Morocco. The plans add to the existing pipeline of six facilities in Germany, Hungary, Indonesia, Thailand, and the US (Michigan a…

Chinese battery leader CATL is intensifying its overseas expansion.
On May 22, the company announced plans for a battery plant in Spain and a cathode materials plant in Morocco.

The plans add to the existing pipeline of six facilities in Germany, Hungary, Indonesia, Thailand, and the US (Michigan a...

sources

CnEVPost: CATL makes overseas expansion top priority as domestic competition intensifies

May 28, 2024

CSRC pitches foreigners on Chinese stocks

China’s securities regulator (CSRC) hopes higher dividends and new growth drivers will attract more foreign investment into Chinese stocks. On Thursday, CSRC Vice Chairman Fang Xinghai spoke in London to pitch foreign investors on the value of Chinese-listed companies (Reuters). Fang acknowledged th…

China’s securities regulator (CSRC) hopes higher dividends and new growth drivers will attract more foreign investment into Chinese stocks.
On Thursday, CSRC Vice Chairman Fang Xinghai spoke in London to pitch foreign investors on the value of Chinese-listed companies (Reuters).
Fang acknowledged th...

sources

Reuters: China push on company dividends should attract investment, regulator says

May 27, 2024

Right diagnosis, wrong treatment

The state needs greater oversight of private companies to ensure they don’t go out of business. That’s according to Xu Guanju – founder of chemical manufacturing giant China Transfar Group – speaking at Xi Jinping’s Thursday symposium on the Third Plenum reform agenda. Some context: The average life…

The state needs greater oversight of private companies to ensure they don't go out of business.
That's according to Xu Guanju – founder of chemical manufacturing giant China Transfar Group – speaking at Xi Jinping's Thursday symposium on the Third Plenum reform agenda.
Some context: The average life...

sources

Caijing: 徐冠巨：在国家层面探索建立民营企业治理评价和支持体系

China Daily: 风正好扬帆——习近平总书记考察山东并主持召开企业和专家座谈会纪实

Gov.cn: 民营经济促进法起草已启动专家称提振民企信心

May 27, 2024

Macro planner issues business cost reduction task list

Beijing wants to reduce the cost of doing business. On Friday, the macro planner (NDRC), along with the industry regulator (MIIT), finance ministry (MoF), and central bank (PBoC), published this year’s to-do list for cutting business costs. ICYDK: Beijing has released a similar list each year since …

Beijing wants to reduce the cost of doing business.
On Friday, the macro planner (NDRC), along with the industry regulator (MIIT), finance ministry (MoF), and central bank (PBoC), published this year's to-do list for cutting business costs.
ICYDK: Beijing has released a similar list each year since ...

sources

Gov.cn: 国家发展改革委办公厅等关于做好2024年降成本重点工作的通知

Gov.cn: 扎实推进降成本各项举措落地见效——《关于做好2024年降成本重点工作的通知》专家解读

Yicai: 直面市场关切，四部委明确今年降成本工作要点

May 27, 2024

Lai tries to de-escalate cross-strait tensions with conciliatory speech

On Sunday, Taiwan’s new leader, Lai Ching-te, addressed the recent escalation of cross-strait tensions during a meeting of his Democratic Progressive Party (DPP) in Tainan. ICYMI: Beijing launched a massive military drill in the waters around Taiwan last Thursday in protest against Lai’s “separatist…

On Sunday, Taiwan’s new leader, Lai Ching-te, addressed the recent escalation of cross-strait tensions during a meeting of his Democratic Progressive Party (DPP) in Tainan.
ICYMI: Beijing launched a massive military drill in the waters around Taiwan last Thursday in protest against Lai’s “separatist...

sources

Reuters: Taiwan president extends goodwill after China drills, US lawmakers arrive

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