string(13) "markets-macro"

Macro

July 28, 2023

Li Qiang heads back to Shanghai

Premier Li Qiang wants China to further integrate into the global economy. On July 26 and 27, Li visited Shanghai, where he previously served as Party secretary. He visited companies based in the Lin Gang Free Trade Zone, urging them to make the most of foreign investment and trade opportunities. Li… Username Password Remember Me… Read More »

Premier Li Qiang wants China to further integrate into the global economy.
On July 26 and 27, Li visited Shanghai, where he previously served as Party secretary.
He visited companies based in the Lin Gang Free Trade Zone, urging them to make the most of foreign investment and trade opportunities.
Li...

sources

Gov.cn: 李强在上海市调研自贸试验区建设时强调：大力实施自贸试验区提升战略积极开展高水平对外开放新探索

July 28, 2023

Wang Yi talks Turkey

On Wednesday, China’s top diplomat Wang Yi was in Turkey to meet with: President Recep Tayyip Erdoğan Foreign Minister Hakan Fidan Wang played the developing country card (MoFA 1): “Both China and Turkey are representatives of emerging market countries and major developing countries, with broad c…

On Wednesday, China’s top diplomat Wang Yi was in Turkey to meet with:

President Recep Tayyip Erdoğan
Foreign Minister Hakan Fidan

Wang played the developing country card (MoFA 1):

“Both China and Turkey are representatives of emerging market countries and major developing countries, with broad c...

sources

MoFA: 土耳其总统埃尔多安会见王毅

MoFA: 王毅同土耳其外长费丹会谈

July 28, 2023

Get the funds out

How is China going to fund its ambitious innovation and tech self-reliance goals? On Thursday, Zhang Qingsong, a central bank (PBoC) deputy governor, gave some answers at a State Council presser on that very topic. Some context: China’s bank-dominated financial system has long struggled to direct ca…

How is China going to fund its ambitious innovation and tech self-reliance goals?
On Thursday, Zhang Qingsong, a central bank (PBoC) deputy governor, gave some answers at a State Council presser on that very topic.
Some context: China’s bank-dominated financial system has long struggled to direct ca...

sources

SCIO: 国新办举行“金融支持科技创新做强做优实体经济” 国务院政策例行吹风会

July 28, 2023

If you can’t beat ’em, join ’em

As foreign auto brands struggle to compete in China against their domestic rivals, some are turning to a new strategy – partnerships. Wednesday saw the most striking example yet, with German auto giant Volkswagen taking a stake in Xpeng, one of China’s leading electric-vehicle (EV) makers. The…

As foreign auto brands struggle to compete in China against their domestic rivals, some are turning to a new strategy – partnerships.
Wednesday saw the most striking example yet, with German auto giant Volkswagen taking a stake in Xpeng, one of China's leading electric-vehicle (EV) makers.
The...

sources

Xinhua: 共话中国经济新机遇丨大众集团战略投资小鹏汽车深耕中国市场

Dongchedi: 大众汽车集团投资小鹏汽车约7亿美元

July 28, 2023

After the Politburo meeting – What happens now?

To view this note as a PDF, click here. On Monday, July 24, the Politburo met for its quarterly discussion of the Chinese economy. What happens now? Beijing isn’t worried enough about the state of the economy to implement any radical policies. Policymakers believe additional economic support is nece…

To view this note as a PDF, click here.
On Monday, July 24, the Politburo met for its quarterly discussion of the Chinese economy. What happens now?
Beijing isn't worried enough about the state of the economy to implement any radical policies. Policymakers believe additional economic support is nece...

Download PDF

July 28, 2023

SAMR approves Maxlinear-Silicon Motion deal

Well this is weird. On Wednesday, SAMR conditionally approved US chipmaker Maxlinear’s acquisition of Taiwanese chipmaker Silicon Motion. Why it matters: This is one of the most watched deals to gauge where SAMR stands regarding US-related mergers. To secure approval, Maxlinear had to a…

Well this is weird.
On Wednesday, SAMR conditionally approved US chipmaker Maxlinear’s acquisition of Taiwanese chipmaker Silicon Motion.
Why it matters: This is one of the most watched deals to gauge where SAMR stands regarding US-related mergers.
To secure approval, Maxlinear had to a...

sources

SAMR: 市场监管总局关于附加限制性条件批准迈凌公司收购慧荣科技公司股权案反垄断审查决定的公告

July 28, 2023

Show me the green

Environmental protection doesn’t have to come at the expense of economic growth. That’s what Minister of Ecology and Environment Huang Runqiu at a press conference Thursday. Some context: Huang’s comments come on the back of Xi Jinping’s agenda-setting speech at the National Ecological and Environme…

Environmental protection doesn't have to come at the expense of economic growth.
That's what Minister of Ecology and Environment Huang Runqiu at a press conference Thursday.
Some context: Huang's comments come on the back of Xi Jinping's agenda-setting speech at the National Ecological and Environme...

sources

SCIO: 国新办举行“权威部门话开局”系列主题新闻发布会介绍“加强生态环境保护，全面推进美丽中国建设”有关情况（图文实录）

July 28, 2023

A new dawn

The door to overseas IPOs is reopening for Chinese companies. On Wednesday, the securities regulator (CSRC) said Majestic Ideal Holdings – a small supply chain management provider – had completed the required registration process for an overseas listing. This marks the first US IPO to go thro…

The door to overseas IPOs is reopening for Chinese companies.
On Wednesday, the securities regulator (CSRC) said Majestic Ideal Holdings – a small supply chain management provider – had completed the required registration process for an overseas listing.

This marks the first US IPO to go thro...

sources

Caixin: 境外上市备案提速新规后首家赴美IPO企业获备案函

CSRC: 关于Majestic Ideal Holdings Limited 境外发行上市备案通知书

SEC: Registration statement for certain foreign private issuers

Bloomberg: Hesai Climbs in Biggest US Debut by Chinese Firm Since Didi

July 28, 2023

A good moment for bad banks

The financial sector regulator (NFRA) plans to make it easier for foreign investors to take a stake in China’s bad banks. Some context: Bad banks – better known as asset management companies (AMCs) – are financial institutions tasked with acquiring nonperforming assets (NPAs) from the financial sect…

The financial sector regulator (NFRA) plans to make it easier for foreign investors to take a stake in China’s bad banks.
Some context: Bad banks – better known as asset management companies (AMCs) – are financial institutions tasked with acquiring nonperforming assets (NPAs) from the financial sect...

sources

NFRA: 国家金融监督管理总局就《非银行金融机构行政许可事项实施办法（征求意见稿）》答记者问

Caixin: China Plans to Relax Rules on Foreign Firms Investing in Bad-Debt Managers

July 28, 2023

All aboard the consumption bandwagon

China’s financial sector regulator (NFRA) is the latest government agency to bang the drum for the government’s campaign to stimulate consumer spending. On Thursday, a spokesperson for the NFRA outlined how financial institutions, especially banks and insurance companies, can help stimulate domesti…

China’s financial sector regulator (NFRA) is the latest government agency to bang the drum for the government's campaign to stimulate consumer spending.
On Thursday, a spokesperson for the NFRA outlined how financial institutions, especially banks and insurance companies, can help stimulate domesti...

sources

Caixin: 金监总局：鼓励开发符合不同消费群体特点的金融产品

July 28, 2023

Senate backs investment restrictions

Restrictions on Chinese tech investment are coming. On Tuesday, the US Senate overwhelmingly backed the amendment to the National Defense Authorization Act (NDAA) that would require US companies to report outbound investments in critical technologies in China to the Treasury Department. …

Restrictions on Chinese tech investment are coming.
On Tuesday, the US Senate overwhelmingly backed the amendment to the National Defense Authorization Act (NDAA) that would require US companies to report outbound investments in critical technologies in China to the Treasury Department.
...

sources

Axios: Senate imposes new rules on outbound investments into China

July 28, 2023

MIIT finalizes Phase Two smart car standards framework

The road map to mass adoption of autonomous vehicles just a got a little clearer. Yesterday, the industrial regulator (MIIT) released the National Internet of Vehicles (IoV) Industry Standard System for Intelligent and Connected Vehicles (ICV). A draft of the standards framework was published last …

The road map to mass adoption of autonomous vehicles just a got a little clearer.
Yesterday, the industrial regulator (MIIT) released the National Internet of Vehicles (IoV) Industry Standard System for Intelligent and Connected Vehicles (ICV).

A draft of the standards framework was published last ...

sources

MIIT: 《国家车联网产业标准体系建设指南（智能网联汽车）（2023版）》正式发布

MIIT: 工业和信息化部国家标准化管理委员会关于印发《国家车联网产业标准体系建设指南（智能网联汽车）（2023版）》的通知

Gov.cn: 工业和信息化部国家标准化管理委员会关于印发《国家车联网产业标准体系建设指南（总体要求）》等系列文件的通知

CAICT: 国家车联网产业标准体系建设指南（智能网联汽车）

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