string(13) "markets-macro"

Macro

January 17, 2024

Rocket scientists not quant traders

Xi Jinping doesn’t want China’s financial system to end up like the US’. On Tuesday, Xi gathered together ministerial-level officials from around the country for his annual speech at the Central Party School in Beijing. Some context: These speeches are akin to the US President’s annual State of the … Username Password Remember Me … Read More »

Xi Jinping doesn’t want China’s financial system to end up like the US’.
On Tuesday, Xi gathered together ministerial-level officials from around the country for his annual speech at the Central Party School in Beijing.
Some context: These speeches are akin to the US President’s annual State of the ...

sources

Xinhua: 习近平在省部级主要领导干部推动金融高质量发展专题研讨班开班式上发表重要讲话

Wallstreet.cn: 时隔25年，中共中央再次就金融进行专题研讨

January 17, 2024

Special debt for special problems

Central authorities are reportedly considering issuing an additional RMB 1 trillion of sovereign debt to support the economy in 2024. According to a Bloomberg report on Tuesday, the bond issuance under consideration would have an ultra-long maturity and be used to fund projects related to food, ener…

Central authorities are reportedly considering issuing an additional RMB 1 trillion of sovereign debt to support the economy in 2024.
According to a Bloomberg report on Tuesday, the bond issuance under consideration would have an ultra-long maturity and be used to fund projects related to food, ener...

sources

Bloomberg: China Weighs More Stimulus With $139 Billion of Special Bonds

January 17, 2024

Open for business

China remains a worthwhile and welcoming investment destination. That was the message from Premier Li Qiang in his speech at the World Economic Forum in Davos on Tuesday. Fun fact: Li is the most senior Chinese official to speak at Davos since Xi Jinping attended in 2017. Li said: “The Chinese econ…

China remains a worthwhile and welcoming investment destination.
That was the message from Premier Li Qiang in his speech at the World Economic Forum in Davos on Tuesday.
Fun fact: Li is the most senior Chinese official to speak at Davos since Xi Jinping attended in 2017.
Li said:

“The Chinese econ...

sources

World Economic Forum: Special Address by Li Qiang, Premier of the People's Republic of China

January 17, 2024

When it rains, it pours data administrations

China’s new data regulator is rapidly setting up branch offices. Two new local offices of the National Data Administration (NDA) have officially opened over the last few days: Sichuan launched its provincial NDA on Thursday. On Monday, Shanghai also announced that its NDA is now open for business….

China's new data regulator is rapidly setting up branch offices.
Two new local offices of the National Data Administration (NDA) have officially opened over the last few days:

Sichuan launched its provincial NDA on Thursday.
On Monday, Shanghai also announced that its NDA is now open for business....

sources

China Big Data Industry Observation: 四川省数据局挂牌

China Big Data Industry Observation: 上海市数据局揭牌成立

Sichuan Government: 四川省人民政府关于任免王建军等职务的通知川府函〔2024〕12号

January 17, 2024

A fair phite

Beijing doesn’t want to drag third parties into US-China chip tensions. Case in point: On Monday, Business Korea reported that China has approved graphite exports to several South Korean battery companies. Some context: In October, the Ministry of Commerce announced export controls on hi…

Beijing doesn't want to drag third parties into US-China chip tensions.
Case in point: On Monday, Business Korea reported that China has approved graphite exports to several South Korean battery companies.
Some context: In October, the Ministry of Commerce announced export controls on hi...

sources

Global Times: 韩媒：中国批准石墨出口让韩企松口气，但不排除今后采取进一步限制措施

Business Korea: China Implements Export Controls on Graphite; Grants Approval to South Korean Battery Companies

January 16, 2024

Risky business

Beijing is putting its money where its mouth is. On Friday, the banking regulator (NFRA) issued a notice ordering banks to support tech companies throughout their entire development cycle. In other words: Increase lending to tech companies of all sizes, especially startups. But here’s t…

Beijing is putting its money where its mouth is.
On Friday, the banking regulator (NFRA) issued a notice ordering banks to support tech companies throughout their entire development cycle.
In other words: Increase lending to tech companies of all sizes, especially startups.
But here’s t...

sources

NFRA: 国家金融监督管理总局关于加强科技型企业全生命周期金融服务的通知

Xinhua: 三季度末我国商业银行不良贷款率降至1.61%

January 16, 2024

Keeping on the strait and narrow

China’s not planning any big changes to its Taiwan policy. On Monday – two days after the elections in Taiwan – the Party’s top journal, Qiushi, published statements by Xi Jinping made at the July 29, 2022 United Front Work Conference. Xi said: “[We must] do well in the work of winning hearts and m…

China’s not planning any big changes to its Taiwan policy.
On Monday – two days after the elections in Taiwan – the Party’s top journal, Qiushi, published statements by Xi Jinping made at the July 29, 2022 United Front Work Conference.
Xi said:

"[We must] do well in the work of winning hearts and m...

sources

Qiushi: 完整、准确、全面贯彻落实关于做好新时代党的统一战线工作的重要思想

Qiushi: 坚持以党的创新理论指导推动新时代统战工作高质量发展

January 16, 2024

Li Qiang and the Bern-ie Bros.

Premier Li Qiang is making time for one of China’s oldest European friends. On Monday, Li met with Swiss President Viola Amherd in Bern. Some context: Li is in Switzerland for the annual World Economic Forum in Davos. With the upcoming 75th anniversary of Sino-Swiss ties, Li said the two countries s…

Premier Li Qiang is making time for one of China’s oldest European friends.
On Monday, Li met with Swiss President Viola Amherd in Bern.
Some context: Li is in Switzerland for the annual World Economic Forum in Davos.
With the upcoming 75th anniversary of Sino-Swiss ties, Li said the two countries s...

sources

Xinhua: China to continuously develop bilateral ties with Switzerland for more practical results in mutually beneficial cooperation

Reuters: China, Switzerland sign declaration with view to expanding trade

January 16, 2024

Sichuan companies bracing for more Party scrutiny

Private companies in Sichuan are bracing for more Party scrutiny. On Thursday we learned that Jin Lei – Sichuan’s chief law enforcement official – now leads the province’s social work department. Jin also heads Sichuan’s Political and Legal Affairs Commission, which directs all police, judiciary, a…

Private companies in Sichuan are bracing for more Party scrutiny.
On Thursday we learned that Jin Lei – Sichuan's chief law enforcement official – now leads the province's social work department.

Jin also heads Sichuan's Political and Legal Affairs Commission, which directs all police, judiciary, a...

sources

The Paper: 四川省委常委、政法委书记靳磊已任省委社会工作部部长

January 16, 2024

We saw the signs

Discussion of economic reform is picking up – and we think that’s a sign the third plenum is imminent. On Friday, Peng Seng – President of the China Society of Economic Reform and a former deputy director at the macro planner (NDRC) – penned an article in the NDRC-affiliated China Economic Times: “…

Discussion of economic reform is picking up – and we think that's a sign the third plenum is imminent.
On Friday, Peng Seng – President of the China Society of Economic Reform and a former deputy director at the macro planner (NDRC) – penned an article in the NDRC-affiliated China Economic Times:

“...

sources

China Economic Times: 市场化改革是推进中国式现代化的关键

People's Daily: 必须坚持依靠改革开放增强发展内生动力

January 16, 2024

Capitalizing on the aging population

An aging population is not just a challenge, but also an opportunity. So says the State Council General Office, who released guidelines on Monday to promote the “silver economy.” Some context: Premier Li Qiang called on the government and private sector to develop the silver economy – economic act…

An aging population is not just a challenge, but also an opportunity.

So says the State Council General Office, who released guidelines on Monday to promote the "silver economy."

Some context: Premier Li Qiang called on the government and private sector to develop the silver economy – economic act...

sources

Gov.cn: 国务院办公厅关于发展银发经济增进老年人福祉的意见

January 16, 2024

Going global, once again

China’s securities regulator (CSRC) is fine with cross-border IPOs – as long as they’re done right. On Thursday, CSRC vice chair Fang Xinghai spoke at the inaugural meeting of the China Association for Public Companies’ (CAPC) overseas-listed companies department. The branch will liaise between mai…

China's securities regulator (CSRC) is fine with cross-border IPOs – as long as they’re done right.
On Thursday, CSRC vice chair Fang Xinghai spoke at the inaugural meeting of the China Association for Public Companies’ (CAPC) overseas-listed companies department.

The branch will liaise between mai...

sources

CAPC: 方星海副主席在中国上市公司协会境外上市公司分会成立大会上的致辞

Securities Times: 中国上市公司协会境外上市公司分会成立 74家企业成首届执委会成员

Bloomberg: A Year After Audit Deal, Chinese IPOs in US Are Small and Rare

WSJ: Hong Kong’s IPO Drought Casts Pall Over Region’s Businesses

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162