string(13) "markets-macro"

Macro

August 21, 2023

Capital ideas

The securities regulator (CSRC) wants more money flowing into domestic capital markets – well, some parts of it, at least. That’s per a wide-ranging interview with an unnamed official published on the CSRC website on Friday, in response to the Politburo’s July call to enliven capital markets to boo… Username Password Remember Me … Read More »

The securities regulator (CSRC) wants more money flowing into domestic capital markets – well, some parts of it, at least.

That’s per a wide-ranging interview with an unnamed official published on the CSRC website on Friday, in response to the Politburo's July call to enliven capital markets to boo...

sources

CSRC: 证监会有关负责人就活跃资本市场、提振投资者信心答记者问

August 21, 2023

The ascent of geo(logical) politics

Geopolitics is driving frantic investment in China’s domestic lithium exploration efforts. Prices for exploration rights have reached the stratosphere: On August 13, exploration rights for Sichuan’s Jiada mine sold for RMB 4.2 billion – 1,300 times the starting price. On August 11, exploration righ…

Geopolitics is driving frantic investment in China's domestic lithium exploration efforts.
Prices for exploration rights have reached the stratosphere:

On August 13, exploration rights for Sichuan's Jiada mine sold for RMB 4.2 billion – 1,300 times the starting price.
On August 11, exploration righ...

sources

WSJ: 中国现“抢矿”大战，锂矿勘探权拍卖溢价1,300倍成交

NDRC: 全面提高我国初级产品供给保障能力

August 21, 2023

Mission impossible

As the economy sputters, regulators are putting more pressure on financial institutions to help shore up growth. On Friday, the central bank (PBoC), financial sector regulator (NFRA), and securities regulator (CSRC) called in China’s biggest financial firms, including banks, China Life, and the sto…

As the economy sputters, regulators are putting more pressure on financial institutions to help shore up growth.
On Friday, the central bank (PBoC), financial sector regulator (NFRA), and securities regulator (CSRC) called in China’s biggest financial firms, including banks, China Life, and the sto...

sources

PBoC: 中国人民银行金融监管总局中国证监会联合召开金融支持实体经济和防范化解金融风险电视会议

August 21, 2023

An ever-grinding road to salvation

China Evergrande Group is taking small steps on it’s long road to debt restructuring. The entity – and two of its offshore units that hold dollar bonds – filed for Chapter 15 bankruptcy protection in a New York court on Thursday. A hearing is scheduled for September 20. In a Hong Kong stock excha…

China Evergrande Group is taking small steps on it's long road to debt restructuring.
The entity – and two of its offshore units that hold dollar bonds – filed for Chapter 15 bankruptcy protection in a New York court on Thursday.

A hearing is scheduled for September 20.

In a Hong Kong stock excha...

sources

Reuters: Evergrande files for US bankruptcy protection as China economic fears mount

Bloomberg: China Evergrande Posts Losses of $81 Billion Over Two Years

August 21, 2023

A policy trade off

China’s central bank (PBoC) is reluctant to cut interest rates for fear of eroding bank profitability. That was the message from the PBoC in its Q2 Monetary Policy report, published Thursday. “In recent years, the net interest margin (NIM) [of commercial banks] has narrowed and profit growth has de…

China’s central bank (PBoC) is reluctant to cut interest rates for fear of eroding bank profitability.
That was the message from the PBoC in its Q2 Monetary Policy report, published Thursday.

“In recent years, the net interest margin (NIM) [of commercial banks] has narrowed and profit growth has de...

sources

PBoC: 2023年第二季度中国货币政策执行报告

August 19, 2023

Playing data defense

Everyone needs to be vigilant against data security threats that endanger the nation. That’s the message that China’s intelligence service (MSS) posted on their new WeChat account on Wednesday. Background: Two weeks ago, the MSS launched a new public-facing WeChat blog, and promptly commenced publi…

Everyone needs to be vigilant against data security threats that endanger the nation.
That's the message that China's intelligence service (MSS) posted on their new WeChat account on Wednesday.
Background: Two weeks ago, the MSS launched a new public-facing WeChat blog, and promptly commenced publi...

sources

China Daily: Ministry urges vigilance on data security

The Paper: “数据”为何成境外间谍情报机关关注的热点？国家安全部详解

August 19, 2023

Living la vida live-stream

On Thursday, Suzhou introduced several measures to supercharge the city’s live-stream e-commerce industry. Some context: Policymakers have long endorsed live-streamed e-commerce – where influencers sell goods directly to consumers – as a consumption booster. Now, with a sputtering economy and falte…

On Thursday, Suzhou introduced several measures to supercharge the city's live-stream e-commerce industry.
Some context: Policymakers have long endorsed live-streamed e-commerce – where influencers sell goods directly to consumers – as a consumption booster.
Now, with a sputtering economy and falte...

sources

SCMP: Shenzhen lays out plans to become a global live-streaming e-commerce hub by 2025

ITHome: 苏州：鼓励 MCN 机构引进主播，最高奖励 120 万元

Sohu: 苏州市关于支持直播电商高质量发展的若干措施17条

August 19, 2023

The CAC tries to soothe multinationals’ data woes

On Wednesday, Bloomberg reported that China’s cyber regulator (CAC) had met with foreign business executives to ease their concerns over data export compliance. Walmart and Paypal were among the companies in attendance. Background: China’s new data security regime requires companies to apply…

On Wednesday, Bloomberg reported that China’s cyber regulator (CAC) had met with foreign business executives to ease their concerns over data export compliance.

Walmart and Paypal were among the companies in attendance.

Background: China's new data security regime requires companies to apply...

sources

Bloomberg: Chinese Officials Meet Foreign Firms to Ease Data Law Fears

August 19, 2023

MofCom reviewing export licenses

It’s been a quiet month since the Ministry of Commerce (MofCom) rolled out export controls on gallium and germanium, two minerals important for semiconductor manufacturing. No new details on how Beijing intends to use those export controls have emerged. But on Thursday, we did get a tiny update: M…

It’s been a quiet month since the Ministry of Commerce (MofCom) rolled out export controls on gallium and germanium, two minerals important for semiconductor manufacturing.

No new details on how Beijing intends to use those export controls have emerged.

But on Thursday, we did get a tiny update: M...

sources

MofCom: 商务部召开例行新闻发布会（2023年8月17日）

August 19, 2023

It’s not over ’til Tesla’s sales sing

A new price war has erupted in China’s new energy vehicle (NEV) market. Since early August, nearly a dozen domestic brands have announced price cuts after a brief hiatus from the original price war that started last October. The list includes Chery, Great Wall, SAIC, and Nezha. So far, we’ve seen c…

A new price war has erupted in China's new energy vehicle (NEV) market.
Since early August, nearly a dozen domestic brands have announced price cuts after a brief hiatus from the original price war that started last October.

The list includes Chery, Great Wall, SAIC, and Nezha.
So far, we've seen c...

sources

21st Century Biz: 车企新一轮价格战再起

Bloomberg: Tesla Cuts China Prices for the Second Time in Three Days

August 19, 2023

The next property headache

In yet another sign of the deepening real estate crisis, foreclosures are on the rise as an increasing number of homeowners struggle with mortgage payments. That’s according to foreclosure data recently published by the China Index Academy – an independent real estate data provider. (Yicai) ICYDK:…

In yet another sign of the deepening real estate crisis, foreclosures are on the rise as an increasing number of homeowners struggle with mortgage payments.

That’s according to foreclosure data recently published by the China Index Academy – an independent real estate data provider. (Yicai)

ICYDK:...

sources

Yicai: 上半年法拍房挂拍量超30万套，有豪宅折价千万成交

Shenzhen News: 网传深圳出现大量断供房？纯属谣言！

August 19, 2023

Intervene to beat the green

Beijing is stepping up efforts to slow the yuan’s decline as the currency heads toward a 16-year low. Financial regulators have instructed state banks to boost intervention in the forex market, Bloomberg reported Thursday, citing unnamed sources. They’ve also told banks to check if companies are …

Beijing is stepping up efforts to slow the yuan's decline as the currency heads toward a 16-year low.
Financial regulators have instructed state banks to boost intervention in the forex market, Bloomberg reported Thursday, citing unnamed sources.

They've also told banks to check if companies are ...

sources

Bloomberg: China Told State Banks to Escalate Yuan Intervention

CFETS: CNY Central Parity Rate

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162