string(13) "markets-macro"

Macro

June 22, 2023

Back from vacation

Jack Ma is (once again) making headlines. Jack recently gathered a group of senior executives to talk about the future of Alibaba’s business (LatePost). He was also caught on camera sipping coffee with outgoing Alibaba chairman Daniel Zhang at the company’s Hangzhou headquarters (NBD). T… Username Password Remember Me Forgot Password

Jack Ma is (once again) making headlines.

Jack recently gathered a group of senior executives to talk about the future of Alibaba’s business (LatePost).
He was also caught on camera sipping coffee with outgoing Alibaba chairman Daniel Zhang at the company's Hangzhou headquarters (NBD).

T...

sources

LatePost: 晚点独家丨马云的非公开会议，淘宝天猫未来的三个方向

NBD: 最新！马云现身阿里云总部，张勇请他喝咖啡：记我账上

June 22, 2023

De-odd-couple

China’s premier wants to take relations with Germany to a new level. That’s what Li Qiang told German Chancellor Olaf Scholz on Tuesday in Berlin. Some context: Beijing’s charm offensive aims to soften Germany’s – and Europe’s – position on China. Germany is developing a China strategy that may to…

China’s premier wants to take relations with Germany to a new level.
That’s what Li Qiang told German Chancellor Olaf Scholz on Tuesday in Berlin.
Some context: Beijing’s charm offensive aims to soften Germany’s – and Europe’s – position on China.

Germany is developing a China strategy that may to...

sources

CCTV: 李强同德国总理举行会谈

Financial Times: German chancellor presses China to give western companies ‘level playing field’

June 22, 2023

Social controls on the PLA

More oversight on the social behaviors and social networks of current and retired military commanders are coming. On Sunday, the People’s Liberation Army (PLA) Daily summarized a new code of conduct for current and retired military commanders, issued by the political and disciplinary departments of …

More oversight on the social behaviors and social networks of current and retired military commanders are coming.
On Sunday, the People's Liberation Army (PLA) Daily summarized a new code of conduct for current and retired military commanders, issued by the political and disciplinary departments of ...

sources

81 CN: 中央军委政治工作部、纪律检查委员会印发《军队领导干部社会交往行为规范》

SCMP: Chinese military to get new rules to control top commanders’ social lives

June 22, 2023

An apple a day keeps the island in play

Beijing is dangling carrots…erm…sugar apples to Taiwanese voters. On Tuesday, the State Council’s Taiwan Affairs Office (TAO) announced that China will lift a ban on the import of the Taiwanese treats. Some context: The mainland blocked this tropical fruit – which tastes like custard and has a knobb…

Beijing is dangling carrots…erm…sugar apples to Taiwanese voters.
On Tuesday, the State Council’s Taiwan Affairs Office (TAO) announced that China will lift a ban on the import of the Taiwanese treats.
Some context: The mainland blocked this tropical fruit – which tastes like custard and has a knobb...

sources

Taiwan Affairs Office: 国台办：愿继续为恢复台湾农渔产品输入大陆提供帮助

Taiwan News: China resumes imports of Taiwan sugar apples after 2 years

SCMP: Mainland China resumes imports of Taiwanese sugar apples after 2-year ban despite cross-strait tensions

June 22, 2023

Communist youth unite!

Pull up your pants and deliver more for the Party. That’s what China’s leaders expect from young people today. On Monday, Xi Jinping (70) led all his Politburo Standing Committee colleagues (bar Germany-visiting Li Qiang) to kick off the 19th national congress of the Communist Youth League (CYL). So…

Pull up your pants and deliver more for the Party.
That's what China's leaders expect from young people today.
On Monday, Xi Jinping (70) led all his Politburo Standing Committee colleagues (bar Germany-visiting Li Qiang) to kick off the 19th national congress of the Communist Youth League (CYL).
So...

sources

Gov.cn: 中国共产主义青年团第十九次全国代表大会在京开幕

Gov.cn: China's Communist Youth League starts national congress

Xinhua: 蔡奇：在中国共产主义青年团第十九次全国代表大会上的致词

June 21, 2023

Tell us how to boost consumption

Policymakers still have no idea how to boost consumption. On Tuesday, Wang Huning, chairman of the top advisory body (CPPCC), presided over a multi-stakeholder consultation session fishing for ideas about “recovering and expanding consumption.” Attendees – from other political parties, the business…

Policymakers still have no idea how to boost consumption.
On Tuesday, Wang Huning, chairman of the top advisory body (CPPCC), presided over a multi-stakeholder consultation session fishing for ideas about “recovering and expanding consumption.”

Attendees – from other political parties, the business...

sources

Xinhua: 王沪宁出席“恢复和扩大消费”调研协商座谈会

June 21, 2023

One to keep an eye on

How might China achieve technological self-sufficiency? How about by: “Promoting a virtuous cycle between ‘technology-industry-finance’” That’s the slogan we suspect is increasingly central to financial sector reform. ICYDK: Slogans matter in China. They identify government priorities and provide…

How might China achieve technological self-sufficiency? How about by:

“Promoting a virtuous cycle between ‘technology-industry-finance’”

That’s the slogan we suspect is increasingly central to financial sector reform.
ICYDK: Slogans matter in China.

They identify government priorities and provide...

sources

CBIRC: 奋进新时代迈步新征程启航新监管——在第十四届陆家嘴论坛上的开幕辞及主题演讲

CSRC: 易会满主席在第十四届陆家嘴论坛上的主题演讲

June 21, 2023

Better things in store

Regulators want to accelerate the diversification of energy storage technologies. On Friday, the energy regulator (NEA) announced a national pilot program for deploying new-type energy storage (NES) projects. Some context: Unlike stable power sources, such as coal-fired power, the intermittent…

Regulators want to accelerate the diversification of energy storage technologies.
On Friday, the energy regulator (NEA) announced a national pilot program for deploying new-type energy storage (NES) projects.
Some context: Unlike stable power sources, such as coal-fired power, the intermittent...

sources

NEA: 国家能源局综合司关于开展新型储能试点示范工作的通知

June 21, 2023

Flash Talk | Interest rate cuts and the promise of more economic support

Beijing is finally doing something about boosting China’s sluggish economy. On Monday, the PBoC announced a reduction in the loan prime rate (LPR), the culmination of two weeks of progressive cuts to bank funding costs. And on Friday, the State Council gave some pretty clear indications that it is …

Beijing is finally doing something about boosting China's sluggish economy.

On Monday, the PBoC announced a reduction in the loan prime rate (LPR), the culmination of two weeks of progressive cuts to bank funding costs.
And on Friday, the State Council gave some pretty clear indications that it is ...

June 21, 2023

Fourth time’s a charm

Beijing’s NEV push continues. On Monday, the State Council issued guidelines on developing the NEV charging infrastructure. Some context: China’s network of NEV chargers has expanded by a whopping 31-fold since 2016, bringing the ratio of vehicles to charging piles from 5.3:1 to an enviable 2.5:1. …

Beijing's NEV push continues.
On Monday, the State Council issued guidelines on developing the NEV charging infrastructure.
Some context: China’s network of NEV chargers has expanded by a whopping 31-fold since 2016, bringing the ratio of vehicles to charging piles from 5.3:1 to an enviable 2.5:1.

...

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Gov.cn: 国务院办公厅关于进一步构建高质量充电基础设施体系的指导意见

June 21, 2023

Hitting the wall

There are mounting signs that the property recovery is losing momentum. On Thursday, the stats bureau (NBS) dropped its monthly survey of home prices in 70 of China’s biggest cities. According to Bloomberg’s calculations: Average new home prices grew 0.1% m/m, the slowest pace since January. 46 cit…

There are mounting signs that the property recovery is losing momentum.
On Thursday, the stats bureau (NBS) dropped its monthly survey of home prices in 70 of China’s biggest cities.
According to Bloomberg’s calculations:

Average new home prices grew 0.1% m/m, the slowest pace since January.
46 cit...

sources

NBS: 2023年5月份70个大中城市商品住宅销售价格变动情况

NBS: 国家统计局城市司首席统计师绳国庆解读2023年5月份商品住宅销售价格变动情况统计数据

Bloomberg: China Home-Price Growth Weakens as Housing Recovery Falters

June 21, 2023

Fundwatchers

Beijing is tightening regulation of the private equity (PE) industry. The State Council approved draft rules for PE fund oversight at Friday’s executive meeting. Some context: The PE sector is regulated by a hodgepodge of agencies and disparate rules – written mainly by the industry’s self-regulator…

Beijing is tightening regulation of the private equity (PE) industry.
The State Council approved draft rules for PE fund oversight at Friday’s executive meeting.
Some context: The PE sector is regulated by a hodgepodge of agencies and disparate rules – written mainly by the industry’s self-regulator...

sources

Gov.cn: 李强主持召开国务院常务会议研究推动经济持续回升向好的一批政策措施审议通过《加大力度支持科技型企业融资行动方案》审议通过《私募投资基金监督管理条例（草案）》讨论《中华人民共和国学位法（草案）》

Yicai: 磨砺十年，私募基金监督管理条例终于“过会”

Schroders: Private equity in China: five charts that show what investors could be missing

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