string(13) "markets-macro"

Macro

February 2, 2023

Xi reiterates China’s top tech goals with Party elite

Xi Jinping is driving home his key message for tech. On Tuesday, Xi headed up the second study session held by the new Politburo since the 20th Party Congress in October. Background: Instituted in 2002, Study Sessions are typically held alongside the monthly Politburo meetings and serve as a discuss… Username Password Remember Me … Read More »

Xi Jinping is driving home his key message for tech.
On Tuesday, Xi headed up the second study session held by the new Politburo since the 20th Party Congress in October.
Background: Instituted in 2002, Study Sessions are typically held alongside the monthly Politburo meetings and serve as a discuss...

sources

Xinhua: 习近平在中共中央政治局第二次集体学习时强调加快构建新发展格局增强发展的安全性主动权

February 2, 2023

Too much Apple pie

On Monday, the Henan provincial government issued a new infrastructure investment plan to bolster local digital industries. Some context: Henan’s economy relies heavily on hardware assembly – specifically Foxconn’s massive “iPhone City” plant of 200,000+ workers in Zhengzhou. Fun fact: Foxconn gener…

On Monday, the Henan provincial government issued a new infrastructure investment plan to bolster local digital industries.
Some context: Henan's economy relies heavily on hardware assembly – specifically Foxconn’s massive “iPhone City” plant of 200,000+ workers in Zhengzhou.
Fun fact: Foxconn gener...

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Henan University: 河南印发2023年数字经济发展工作方案

SCMP: China’s Henan province, home to the world’s largest iPhone factory, pushes US$7 billion digital infrastructure expansion programme

February 2, 2023

Not your nainai’s IPO process

Mainland equity markets are about to get a little more agile. On Wednesday, the securities regulator (CSRC) said it will transition the main boards of the Shanghai and Shenzhen stock exchanges from approval-based to registration-based IPO systems. ICYKD: Under a registration-based system, exchanges …

Mainland equity markets are about to get a little more agile.
On Wednesday, the securities regulator (CSRC) said it will transition the main boards of the Shanghai and Shenzhen stock exchanges from approval-based to registration-based IPO systems.
ICYKD: Under a registration-based system, exchanges ...

sources

CSRC: 中国证监会就全面实行股票发行注册制主要制度规则向社会公开征求意见

CSRC: 证监会有关部门负责人就全面实行股票发行注册制答记者问

February 1, 2023

Do androids dream of electric Xi’s?

On Tuesday, the Ministry of Industry and Information Technology (MIIT) released its latest plan to develop the robotics industry. Background: MIIT announced its vision for robotics in 2021 with the “14th Five-Year Plan for the Development of the Robot Industry”. The 2021 plan outlined policy-makers…

On Tuesday, the Ministry of Industry and Information Technology (MIIT) released its latest plan to develop the robotics industry.
Background: MIIT announced its vision for robotics in 2021 with the "14th Five-Year Plan for the Development of the Robot Industry".

The 2021 plan outlined policy-makers...

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MIIT: 工业和信息化部等十七部门关于印发《“机器人+”应用行动实施方案》的通知

February 1, 2023

Reform to perform

Beijing wants to get more out of its lumbering state-owned enterprises (SOEs). On Tuesday, Yuan Ye, vice chairman of the state assets regulator (SASAC), gave more detail on new key performance indicators (KPIs) for bosses of centrally administered SOEs. SASAC updated SOEs’ KPIs on January 5, at a m…

Beijing wants to get more out of its lumbering state-owned enterprises (SOEs).
On Tuesday, Yuan Ye, vice chairman of the state assets regulator (SASAC), gave more detail on new key performance indicators (KPIs) for bosses of centrally administered SOEs.

SASAC updated SOEs' KPIs on January 5, at a m...

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SASAC: 袁野：优化中央企业经营指标体系推动加快实现高质量发展

SASAC: 中央企业负责人会议召开聚焦推进高质量发展全面加快建设世界一流企业为推动经济运行整体好转勇挑大梁为全面建设社会主义现代化国家开好局起好步贡献力量

February 1, 2023

With tovarich like these…

On Monday, Russian state media outlet TASS made a big announcement: Xi Jinping is coming to Russia! Quoting the Russian foreign ministry, TASS said: “Russian President Vladimir Putin has invited Chinese leader Xi Jinping on an official visit this spring.” “We proceed from the understanding that thi…

On Monday, Russian state media outlet TASS made a big announcement: Xi Jinping is coming to Russia!
Quoting the Russian foreign ministry, TASS said:

“Russian President Vladimir Putin has invited Chinese leader Xi Jinping on an official visit this spring.”
“We proceed from the understanding that thi...

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TASS: Xi Jinping’s visit to Russia to be main event in bilateral agenda for 2023 — MFA

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on January 31, 2023

February 1, 2023

MoF king Ding?

Key econ posts are still up for grabs ahead of the annual meeting of the national legislature (NPC), starting March 5. One of the biggies: Who will become the next head of the Ministry of Finance (MoF)? Don’t scoff at the MoF: The next finance minister will face a to-do list packed with super import…

Key econ posts are still up for grabs ahead of the annual meeting of the national legislature (NPC), starting March 5.
One of the biggies: Who will become the next head of the Ministry of Finance (MoF)?
Don't scoff at the MoF: The next finance minister will face a to-do list packed with super import...

February 1, 2023

Snipity snip

Local governments are slashing mortgage rates for first-time buyers. On Wednesday, The Paper reported that 30 cities nationwide had lowered the interest rate on loans for first-time purchases to as low as 3.7%. Some context: Typically, the central bank sets a minimum rate for mortgage loans, current…

Local governments are slashing mortgage rates for first-time buyers.
On Wednesday, The Paper reported that 30 cities nationwide had lowered the interest rate on loans for first-time purchases to as low as 3.7%.
Some context: Typically, the central bank sets a minimum rate for mortgage loans, current...

sources

The Paper: 今年以来超30城出台楼市优化政策，首套房贷款利率最低降至3.7%

February 1, 2023

Ad engines on wheels?

In January, state-backed ICT policy think-tank CAICT published practical compliance guidance on auto industry data security. The new guidance interprets the cyberspace regulator’s (CAC) trial regulations on auto data security management, telling companies how to deal with: In-vehicle data handling …

In January, state-backed ICT policy think-tank CAICT published practical compliance guidance on auto industry data security.
The new guidance interprets the cyberspace regulator’s (CAC) trial regulations on auto data security management, telling companies how to deal with:

In-vehicle data handling ...

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Secrss: 《汽车数据安全若干问题合规实践指南》发布 (附下载)

February 1, 2023

Katherine Tai versus Shanzhai

On Tuesday, the Office of the US Trade Representative (USTR) published its annual “Notorious Markets” list for global sources of counterfeit goods and online piracy. The list pointed out that Chinese e-commerce platforms are still the world’s “number one source of counterfeit products.” That’s not…

On Tuesday, the Office of the US Trade Representative (USTR) published its annual "Notorious Markets" list for global sources of counterfeit goods and online piracy.

The list pointed out that Chinese e-commerce platforms are still the world's "number one source of counterfeit products."

That's not...

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USTR: USTR Releases 2022 Review of Notorious Markets for Counterfeiting and Piracy

Reuters: China leads the world in counterfeit, pirated products -U.S. report

February 1, 2023

Where are my shades?

The future is looking bright – especially for China’s services sector. That’s the takeaway from January’s purchasing managers index (PMI) data, published by the statistics bureau (NBS) on Tuesday. The deets: The non-manufacturing (i.e. services) PMI came in at 54.4, up a whopping 12.8 points from …

The future is looking bright – especially for China's services sector.
That’s the takeaway from January’s purchasing managers index (PMI) data, published by the statistics bureau (NBS) on Tuesday.
The deets:

The non-manufacturing (i.e. services) PMI came in at 54.4, up a whopping 12.8 points from ...

sources

Caixin: 2023年1月统计局制造业PMI录得50.1 时隔三月重返扩张区间

February 1, 2023

Put ‘em on the list

China’s small developers are finally getting some love – in Henan at least. On Tuesday, The Paper reported that that the central bank’s (PBoC) Zhengzhou branch and the Henan local government have published a whitelist of 100 Henan-based developers. Financial institutions are expected to provide supp…

China’s small developers are finally getting some love – in Henan at least.
On Tuesday, The Paper reported that that the central bank’s (PBoC) Zhengzhou branch and the Henan local government have published a whitelist of 100 Henan-based developers.
Financial institutions are expected to provide supp...

sources

The Paper: 河南省发布百家本土房企白名单，支持房企合理融资需求

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