string(13) "markets-macro"

Macro

November 6, 2023

Premier Li at CIIE touts FTZ (for CPTPP)

The Shanghai Free Trade Zone (FTZ) will further liberalize trade and investment. That’s per Premier Li Qiang, speaking at the China International Import Expo (CIIE) on Sunday. Some context: Xi Jinping launched the CIIE in 2018 to promote more Chinese imports and counter criticism of China’s huge t… Username Password Remember Me Forgot… Read More »

The Shanghai Free Trade Zone (FTZ) will further liberalize trade and investment.

That's per Premier Li Qiang, speaking at the China International Import Expo (CIIE) on Sunday.

Some context: Xi Jinping launched the CIIE in 2018 to promote more Chinese imports and counter criticism of China's huge t...

sources

Youtube: 【原音呈現LIVE】澳洲總理出席進博會開幕式李強致詞

November 6, 2023

Moving heaven and rare earths

We just got the clearest sign yet that Beijing may strengthen export controls on rare earths. On Friday, Premier Li Qiang chaired a meeting of the State Council. According to the meeting readout: “Rare earths are strategic mineral resources.” “It is necessary to coordinate the exploration, developm…

We just got the clearest sign yet that Beijing may strengthen export controls on rare earths.
On Friday, Premier Li Qiang chaired a meeting of the State Council. According to the meeting readout:

"Rare earths are strategic mineral resources."
"It is necessary to coordinate the exploration, developm...

sources

State Council: 李强主持召开国务院常务会议研究推动稀土产业高质量发展有关工作等

November 6, 2023

Every kuai you take, every trade you make…

Everyone and their mama is on board with Beijing’s calls to tighten political oversight of the financial sector. The latest: In a Wednesday WeChat post, China’s intelligence service (MSS) proclaimed that “national security agencies are the steadfast defenders of financial security.” Why’s MSS so kee…

Everyone and their mama is on board with Beijing’s calls to tighten political oversight of the financial sector.
The latest: In a Wednesday WeChat post, China’s intelligence service (MSS) proclaimed that “national security agencies are the steadfast defenders of financial security.”
Why’s MSS so kee...

sources

MSS WeChat: 国家安全机关做金融安全的坚定守护者！

November 6, 2023

Concrete jungle where IPOs are made of

Chinese companies are kicking the tires up and down Wall Street. Refresher: It’s been a tough couple of years for Chinese companies wanting to list abroad. The securities regulator (CSRC) tightened overseas IPO rules. The cyberspace administrator (CAC) mandated that companies with data on over…

Chinese companies are kicking the tires up and down Wall Street.
Refresher: It's been a tough couple of years for Chinese companies wanting to list abroad.

The securities regulator (CSRC) tightened overseas IPO rules.
The cyberspace administrator (CAC) mandated that companies with data on over...

sources

National Business Daily: 纽交所中国区主管葛辰皓：中国企业赴美上市意愿强劲，期待优质项目“打样”

Caijing: 纳斯达克副主席：两年低谷之后，中企赴美上市兴趣重燃

CSRC: 关于ZEEKR Intelligent Technology Holding Limited（极氪智能科技控股有限公司）境外发行上市备案通知书

CSRC: 关于WeRide Inc.（文远知行公司）境外发行上市备案通知书

Bloomberg: China Self-Driving Startup WeRide Files for $500 Million US IPO, Sources Say

November 6, 2023

Sell hay while the sun shines

Agribusinesses are taking advantage of warming US-China ties to bolster bilateral business. How we know: A large delegation of American agribusinesses, organized by the US Department of Agriculture (USDA), is attending the China International Import Expo (CIIE) this year. It’s the first time in CII…

Agribusinesses are taking advantage of warming US-China ties to bolster bilateral business.
How we know: A large delegation of American agribusinesses, organized by the US Department of Agriculture (USDA), is attending the China International Import Expo (CIIE) this year.

It's the first time in CII...

sources

Reuters: U.S. farm leaders, visiting China, talk up agriculture trade

Global Times: Largest US business delegation flocks to CIIE, eyes closer cooperation with China

China Daily: US delegation to CIIE shows agricultural trade is a ballast

CGTN: Why does the CIIE do better and better?

November 6, 2023

A few words from the new minister

China’s new finance minister, Lan Fo’an, says proactive fiscal policies will continue on his watch. He spoke on Sunday in his first interview since becoming Finance Minister on October 24. ICYDK: Lan was previously Party secretary of Shanxi province and replaces Liu Kun who, at 66, had passed reti…

China’s new finance minister, Lan Fo’an, says proactive fiscal policies will continue on his watch.

He spoke on Sunday in his first interview since becoming Finance Minister on October 24.

ICYDK: Lan was previously Party secretary of Shanxi province and replaces Liu Kun who, at 66, had passed reti...

sources

The Paper: 财政部部长：抓好一揽子化债方案落实，积极稳妥推动化解地方政府债务风险

November 6, 2023

Less bang for their buck

China’s central bank (PBoC) is worried credit isn’t being used effectively. That’s what jumped out at us from a statement published on Friday. The PBoC said: “More attention should be paid to the ongoing effectiveness of existing loans.” “The efficient use of existing loans should be improved.” It…

China’s central bank (PBoC) is worried credit isn’t being used effectively.
That’s what jumped out at us from a statement published on Friday.
The PBoC said:

“More attention should be paid to the ongoing effectiveness of existing loans.”
“The efficient use of existing loans should be improved.”

It...

sources

The Paper: 始终保持货币政策稳健性着力营造良好的货币金融环境

November 4, 2023

I, also robot

Tech policymakers have robo-FOMO. On Thursday, China’s industrial ministry (MIIT) released high-level opinions on stimulating the development of the humanoid robot industry. Some context: Human-like robots have been a science fiction staple for a century – but androids may finally be marching toward…

Tech policymakers have robo-FOMO.
On Thursday, China’s industrial ministry (MIIT) released high-level opinions on stimulating the development of the humanoid robot industry.
Some context: Human-like robots have been a science fiction staple for a century – but androids may finally be marching toward...

sources

MIIT: 工业和信息化部关于印发《人形机器人创新发展指导意见》的通知

November 4, 2023

Foxconn hits back at online rumors

Did the state’s anti-misinformation policies just run up against the state’s political objectives? On Thursday, Taiwanese electronics manufacturer Foxconn issued a public statement in response to social media rumors about ongoing regulatory investigations into the company. Recap: Foxconn is undergoi…

Did the state's anti-misinformation policies just run up against the state's political objectives?
On Thursday, Taiwanese electronics manufacturer Foxconn issued a public statement in response to social media rumors about ongoing regulatory investigations into the company.
Recap: Foxconn is undergoi...

sources

36kr: 富士康科技集团：网传“富士康被彻查，需补税1800亿”等内容均为谣言

Weibo: Foxconn official Weibo announcement

November 4, 2023

A day late and a semiconductor short

Everyone’s been asking: How have Chinese semiconductor companies like YMTC and SMIC been able to make technological advancements this year despite chip export controls? Background: The release of Huawei’s latest 5G phone – which included a chip produced by SMIC – caused quite a stir in Washington. …

Everyone's been asking: How have Chinese semiconductor companies like YMTC and SMIC been able to make technological advancements this year despite chip export controls?
Background: The release of Huawei's latest 5G phone – which included a chip produced by SMIC – caused quite a stir in Washington.

...

sources

TMT Post: 钛媒体对话荷兰光刻机巨头ASML中国总裁：中国已有近1400台ASML光刻机

Bloomberg: ASML China Export Curbs Came Too Late, Dutch PM Frontrunner Says

November 4, 2023

Wang Yi calls for Gaza de-escalation

China wants peace in Gaza… but has no good ideas for achieving it. On Wednesday and Thursday, top diplomat Wang Yi held phone calls with Omani Foreign Minister Sayyid Badr Albusaidi and Jordanian Deputy Prime Minister and Foreign Minister Ayman Safadi. His message: China supports Arab states in th…

China wants peace in Gaza... but has no good ideas for achieving it.
On Wednesday and Thursday, top diplomat Wang Yi held phone calls with Omani Foreign Minister Sayyid Badr Albusaidi and Jordanian Deputy Prime Minister and Foreign Minister Ayman Safadi.
His message: China supports Arab states in th...

sources

MoFA: Chinese, Omani FMs discuss Israeli-Palestinian conflict over phone

MoFA: Chinese FM calls for deescalation, ceasefire in Gaza

November 3, 2023

It’s tough to be charitable

The legislature (NPCSC) is not making it easy for the rich to contribute to Common Prosperity – Xi Jinping’s signature initiative to address inequality. The NPCSC released a second draft of a revised Charity Law on Wednesday that walks back significant changes proposed in a December draft that would…

The legislature (NPCSC) is not making it easy for the rich to contribute to Common Prosperity – Xi Jinping's signature initiative to address inequality.
The NPCSC released a second draft of a revised Charity Law on Wednesday that walks back significant changes proposed in a December draft that would...

sources

NPC: 慈善法（修正草案）征求意见

China News: 全国人大常委会法制工作委员会举行记者会将审议多部草案

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