string(13) "markets-macro"

Macro

March 16, 2023

Risky business

The stability of China’s financial sector has improved, but there’s still more to be done. That was the message from the central bank (PBoC) following its annual financial stability work meeting held Wednesday. In a readout of the meeting, the PBoC said that it will strive to: “Actively and steadil… Username Password Remember Me … Read More »

The stability of China’s financial sector has improved, but there’s still more to be done.
That was the message from the central bank (PBoC) following its annual financial stability work meeting held Wednesday.
In a readout of the meeting, the PBoC said that it will strive to:

“Actively and steadil...

sources

PBoC: 人民银行召开2023年金融稳定工作会议

March 16, 2023

Watch out for the vehicle data thieves

Here’s a weird one for you. On Wednesday, China’s police force (MPS) released the details of several new personal information theft cases they’ve recently cracked. Some context: The Personal Information Protection Law (PIPL) has been in force since 2021. The police are now under pressure to enforce…

Here's a weird one for you.
On Wednesday, China’s police force (MPS) released the details of several new personal information theft cases they’ve recently cracked.
Some context: The Personal Information Protection Law (PIPL) has been in force since 2021.

The police are now under pressure to enforce...

sources

MPS: 公安机关依法严厉打击侵犯公民个人信息犯罪公安部公布8起典型案例

Gov.cn: 帮人“找车”偷偷安装GPS定位跟踪，检察院：侵犯公民个人信息

March 15, 2023

Go north, young investors

Foreign investors now have access to a much wider array of Chinese equities. On Monday, over 1,000 mainland and Hong Kong companies’ shares were made newly available for purchase through the Hong Kong Stock Connect program. The expansion increases the total number of stocks available via the connec…

Foreign investors now have access to a much wider array of Chinese equities.
On Monday, over 1,000 mainland and Hong Kong companies' shares were made newly available for purchase through the Hong Kong Stock Connect program.

The expansion increases the total number of stocks available via the connec...

sources

21st Century Biz: 沪深港通股票标的双向扩容落地实施

Shenzhen Stock Exchange: 关于深港通下的港股通标的证券名单调整的公告

Shanghai Stock Exchange: 关于沪港通标的范围扩大后沪港通下港股通标的首次调整的通知

March 15, 2023

Underwhelming

China’s stats bureau published the monthly econ data for the combined January and February period on Wednesday. The headlines: Retail sales increased 3.5% y/y in the first two months of 2023, up from a 1.8% y/y contraction in December. Fixed asset investment rose 5.5% y/y in December, compared with…

China’s stats bureau published the monthly econ data for the combined January and February period on Wednesday.
The headlines:

Retail sales increased 3.5% y/y in the first two months of 2023, up from a 1.8% y/y contraction in December.
Fixed asset investment rose 5.5% y/y in December, compared with...

sources

NBS: 国家统计局新闻发言人就2023年1-2月份国民经济运行情况答记者问

NBS: 2023年1—2月份社会消费品零售总额增长3.5%

March 15, 2023

The end is nigh

China’s shadow ban on Australian coal imports is finally over. On Tuesday, industry sources told Bloomberg that Chinese customs officials have been cleared to accept all Australian coal imports. The news comes amid (gradual) efforts to thaw Sino-Australian ties. Some context: The first signs of t…

China's shadow ban on Australian coal imports is finally over.
On Tuesday, industry sources told Bloomberg that Chinese customs officials have been cleared to accept all Australian coal imports.

The news comes amid (gradual) efforts to thaw Sino-Australian ties.

Some context: The first signs of t...

sources

Bloomberg: China Removes All Remaining Curbs on Australian Coal Imports

March 15, 2023

Li’s litmus test

Let’s get to work! On Tuesday, brand new Premier Li Qiang chaired his first State Council meeting since coming to power at the weekend. On the agenda: Keeping the Party-state running smoothly during the upcoming government restructuring (Gov.cn). “We must ensure that agencies, responsibilities, and…

Let’s get to work!
On Tuesday, brand new Premier Li Qiang chaired his first State Council meeting since coming to power at the weekend.
On the agenda: Keeping the Party-state running smoothly during the upcoming government restructuring (Gov.cn).

"We must ensure that agencies, responsibilities, and...

sources

Gov.cn: 李强主持召开国务院常务会议研究国务院机构设置有关工作讨论《国务院工作规则（修订稿）》新一届国务院开始全面履职

March 15, 2023

Li Qiang’s the boss

On Monday, newly-minted Premier Li Qiang held his first press conference. Keep count: During this 1.5-hour session, Li quoted his boss Xi Jinping SEVEN times. His predecessor Li Keqiang mentioned Xi only twice in his final presser, this time last year. For example, Li Qiang namechecked Xi when ask…

On Monday, newly-minted Premier Li Qiang held his first press conference.
Keep count: During this 1.5-hour session, Li quoted his boss Xi Jinping SEVEN times.

His predecessor Li Keqiang mentioned Xi only twice in his final presser, this time last year.

For example, Li Qiang namechecked Xi when ask...

sources

Gov.cn: 李强总理出席记者会并回答中外记者提问

March 15, 2023

Many problems, few solutions

The Party is increasingly out of ideas on how to better govern the country. That’s according to top Party theorist Qu Qingshan, who penned an op-ed published in the People’s Daily on Tuesday. Some context: Qu is president of the Party History and Literature Research Institute, an organization direc…

The Party is increasingly out of ideas on how to better govern the country.
That's according to top Party theorist Qu Qingshan, who penned an op-ed published in the People's Daily on Tuesday.
Some context: Qu is president of the Party History and Literature Research Institute, an organization direc...

sources

People.cn: 时刻保持解决大党独有难题的清醒和坚定（深入学习贯彻习近平新时代中国特色社会主义思想）

March 15, 2023

Friends again

Big tech is back in the government’s good books. On Monday, Hangzhou-based Alibaba signed a strategic agreement with Hangzhou’s market regulator (the local SAMR), signaling deeper cooperation between the e-commerce giant and the local government. Some context: Since Beijing’s pivot to su…

Big tech is back in the government’s good books.
On Monday, Hangzhou-based Alibaba signed a strategic agreement with Hangzhou’s market regulator (the local SAMR), signaling deeper cooperation between the e-commerce giant and the local government.
Some context: Since Beijing’s pivot to su...

sources

The Paper: 杭州市场监管局与阿里巴巴签订全面深化平台经济健康高质量发展合作协议

March 15, 2023

Game on

Gaming companies are trying to show regulators they’re on board with gaming compliance. On Tuesday, China’s digital publishing association (CADPA) released a draft industry standard for video game distribution and advertising. The standard is a self-regulated pact drafted by leading gam…

Gaming companies are trying to show regulators they’re on board with gaming compliance.
On Tuesday, China’s digital publishing association (CADPA) released a draft industry standard for video game distribution and advertising.

The standard is a self-regulated pact drafted by leading gam...

sources

CADPA: 关于对《游戏分发与推广基本要求》团体标准征求意见的通知

March 15, 2023

Back to basics

Beijing’s on the basic research bandwagon. On Tuesday, Beijing’s municipal branch of the Ministry of Science and Technology (MoST) discussed how the city would boost policy support for basic research. Some context: With Xi Jinping labeling basic research as essential for China’s technological self-r…

Beijing's on the basic research bandwagon.
On Tuesday, Beijing's municipal branch of the Ministry of Science and Technology (MoST) discussed how the city would boost policy support for basic research.
Some context: With Xi Jinping labeling basic research as essential for China's technological self-r...

sources

Ministry of Science and Technology: 北京市科委、中关村管委会召开推进北京市基础研究高质量发展研讨会

March 15, 2023

Blue collar man!

The Ministry of Industry and Information Technology (MIIT), at least, has its priorities straight. On Tuesday, MIIT Minister Jin Zhuanglong held an agency-wide pep talk underscoring the agency’s top focuses following the Two Sessions. ICYMI, at the Two Sessions, Xi Jinping called for nationwide act…

The Ministry of Industry and Information Technology (MIIT), at least, has its priorities straight.
On Tuesday, MIIT Minister Jin Zhuanglong held an agency-wide pep talk underscoring the agency's top focuses following the Two Sessions.

ICYMI, at the Two Sessions, Xi Jinping called for nationwide act...

sources

MIIT: 工业和信息化部传达学习贯彻习近平总书记重要讲话精神和全国两会精神

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