string(13) "markets-macro"

Macro

November 8, 2023

Not just a handsome face

Australia is well and truly out of China’s diplomatic deep freeze. The latest: Beijing and Canberra are restarting a long list of high-level diplomatic and trade dialogues, effective immediately. The announcement followed a Tuesday meeting between Premier Li Qiang and Australian Prime Minister Anth… Username Password Remember Me Forgot Password

Australia is well and truly out of China's diplomatic deep freeze.
The latest: Beijing and Canberra are restarting a long list of high-level diplomatic and trade dialogues, effective immediately.

The announcement followed a Tuesday meeting between Premier Li Qiang and Australian Prime Minister Anth...

sources

People's Daily: 中澳总理年度会晤联合成果声明

Australian Broadcasting Corporation: 澳洲总理访华特别报道：阿尔巴尼斯与李强确认恢复两国总理年度会晤

Australian Prime Minster's Office: STATEMENT ON JOINT OUTCOMES OF THE CHINA-AUSTRALIA ANNUAL LEADERS' MEETING

November 8, 2023

Til’ we meet again

Overseas cash is ditching China at an uncommonly high clip. Some numbers: From April 2022 through September 2023, foreign corporations repatriated an unusually large USD 160 billion (RMB 1.2 trillion) in earnings from their China operations (WSJ). That contributed to an RMB 188 billion foreign dire…

Overseas cash is ditching China at an uncommonly high clip.
Some numbers:

From April 2022 through September 2023, foreign corporations repatriated an unusually large USD 160 billion (RMB 1.2 trillion) in earnings from their China operations (WSJ).
That contributed to an RMB 188 billion foreign dire...

sources

WSJ: Foreign Firms Pull Billions in Earnings Out of China

SAFE: 银行代客涉外收付款数据

SAFE: 中国国际收支平衡表时间序列(BPM6)

November 8, 2023

He’s the man

He Lifeng has been appointed as director of the Office of the Central Financial Commission (CFC) and Party secretary of the Central Financial Work Commission (CFWC). Some context: Both the CFC and CFWC were created in March as part of the Party-state restructuring. The former coordinates financial p…

He Lifeng has been appointed as director of the Office of the Central Financial Commission (CFC) and Party secretary of the Central Financial Work Commission (CFWC).
Some context: Both the CFC and CFWC were created in March as part of the Party-state restructuring. The former coordinates financial p...

sources

The Paper: 何立峰已任中央金融委员会办公室主任、中央金融工作委员会书记

November 8, 2023

Are we inclusive yet?

Well, that’s a wrap. On Tuesday, the first-ever Belt and Road (BRI) Science and Technology Conference drew to a close. Attendees included representatives from Oman, Cambodia, Kazakhstan, Myanmar, Mongolia, Thailand, Indonesia, South Africa, Armenia, Cuba, and Chile. Recap: Xi announced the confe…

Well, that's a wrap.
On Tuesday, the first-ever Belt and Road (BRI) Science and Technology Conference drew to a close.

Attendees included representatives from Oman, Cambodia, Kazakhstan, Myanmar, Mongolia, Thailand, Indonesia, South Africa, Armenia, Cuba, and Chile.

Recap: Xi announced the confe...

sources

People.cn: 习近平向首届“一带一路”科技交流大会致贺信

Ministry of Science and Technology: 国际科技合作倡议

Gov.cn: 丁薛祥出席首届“一带一路”科技交流大会开幕式并致辞

November 8, 2023

What, me worry?

Everybody chill. We’ve got this. That was the message from central bank (PBoC) Deputy Governor Zhang Qingsong on Tuesday. Speaking at a forum in Hong Kong, Zhang discussed his view of China’s economic trajectory, saying: “You may ask me, are you worried? No, not always, not too much.” “From a lon…

Everybody chill. We’ve got this.
That was the message from central bank (PBoC) Deputy Governor Zhang Qingsong on Tuesday.
Speaking at a forum in Hong Kong, Zhang discussed his view of China's economic trajectory, saying:

“You may ask me, are you worried? No, not always, not too much.”

“From a lon...

sources

Bloomberg: Top PBOC Official Says He’s Not Too Worried on China’s Economy

November 8, 2023

Time to update your CAC rolodex

There’s a teeny tiny ray of hope for companies waiting on the cyberspace administrator (CAC) to finalize new data export rules. On Friday, the CAC released a list of contact information for the provincial authorities responsible for facilitating cross-border data transfers. Background: In September…

There's a teeny tiny ray of hope for companies waiting on the cyberspace administrator (CAC) to finalize new data export rules.
On Friday, the CAC released a list of contact information for the provincial authorities responsible for facilitating cross-border data transfers.
Background: In September...

sources

CAC: 各地省级网信部门受理数据出境安全评估申报、个人信息出境标准合同备案工作的联系方式

November 8, 2023

Zhejiang releases local automotive data security rules

Automotive data processing just got a little more… complicated? On Saturday, the Zhejiang cyberspace administration (CAC) published provincial-level automotive data security rules. Some context: The automotive industry is considered especially risk heavy when it comes to data security. That’s why…

Automotive data processing just got a little more... complicated?
On Saturday, the Zhejiang cyberspace administration (CAC) published provincial-level automotive data security rules.
Some context: The automotive industry is considered especially risk heavy when it comes to data security.

That’s why...

sources

Zhejiang Gov: 浙江省汽车数据处理管理规定

November 8, 2023

The path to export REEstrictions

It’s looking increasingly likely that Beijing will implement export controls on rare earths. On Tuesday, Beijing instituted export reporting requirements on rare earth elements (REEs). Exporters must submit info on origin, destination, contract dates, quantities, and other shipment info until Octo…

It's looking increasingly likely that Beijing will implement export controls on rare earths.
On Tuesday, Beijing instituted export reporting requirements on rare earth elements (REEs).

Exporters must submit info on origin, destination, contract dates, quantities, and other shipment info until Octo...

sources

Cailianshe: 大宗产品进出口报告统计调查制度[PDF]

The Paper: 实施出口许可证管理的稀土纳入《实行出口报告的能源资源产品目录》

SCMP: China tightens controls over rare earth exports, imports of key commodities including crude oil, iron ore

NBS: 《大宗产品进出口报告统计调查制度》主要内容

November 8, 2023

Easier, peasier, Albanese-er

Beijing wants to patch things up with Canberra. On Monday, Xi Jinping met with Australian Prime Minister Anthony Albanese in Beijing. It’s just the second time the two have met, and the first visit by an Australian PM to China in over seven years. Albanese kicked off his landmark trip to China over…

Beijing wants to patch things up with Canberra.
On Monday, Xi Jinping met with Australian Prime Minister Anthony Albanese in Beijing.

It's just the second time the two have met, and the first visit by an Australian PM to China in over seven years.
Albanese kicked off his landmark trip to China over...

sources

Australian Prime Minster's Office: MEETING WITH PRESIDENT XI JINPING

Gov.cn: 习近平会见澳大利亚总理阿尔巴尼斯

November 8, 2023

The increasingly visible hand

Beijing wants securities companies to put long-term funds behind key priorities. The latest: On Friday, the securities regulator (CSRC) announced revisions to rules that govern the scale and type of risk securities companies can take on. Some context: The rules – originally implemented in 2006 – est…

Beijing wants securities companies to put long-term funds behind key priorities.
The latest: On Friday, the securities regulator (CSRC) announced revisions to rules that govern the scale and type of risk securities companies can take on.
Some context: The rules – originally implemented in 2006 – est...

sources

CSRC: 证监会就修订《证券公司风险控制指标计算标准规定》公开征求意见

CSRC: 中国证监会关于就《证券公司风险控制指标计算标准规定（修订稿）》公开征求意见的通知

Caixin: 券商风控指标调整松绑优质券商

November 8, 2023

Vanke feels the love

Authorities will do all it takes to keep property developer Vanke afloat. That’s according to a statement by Shenzhen’s state asset regulator (Shenzhen SASAC), made on Monday. ICYDK: Shenzhen-based Vanke, China’s second-largest developer by sales, has seen the price of its offshore bonds tumble in…

Authorities will do all it takes to keep property developer Vanke afloat.

That’s according to a statement by Shenzhen’s state asset regulator (Shenzhen SASAC), made on Monday.

ICYDK: Shenzhen-based Vanke, China’s second-largest developer by sales, has seen the price of its offshore bonds tumble in...

sources

Shanghai Securities News: 全力支持万科！深圳市国资委发声

Bloomberg: Three Reasons Investors Fell Out of Love With China Vanke

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