string(13) "markets-macro"

Macro

February 18, 2025

China’s “bad banks” to get a new owner

Some of China’s biggest asset management companies – AKA “bad banks” – are coming under new management. On Friday, Cinda, Great Wall, and China Orient, three of China’s big four AMCs, said their biggest shareholder – the finance ministry (MoF) – intends to transfer its stake to China Investment Corp… Username Password Remember Me … Read More »

Some of China’s biggest asset management companies – AKA "bad banks" – are coming under new management.
On Friday, Cinda, Great Wall, and China Orient, three of China’s big four AMCs, said their biggest shareholder – the finance ministry (MoF) – intends to transfer its stake to China Investment Corp...

sources

The Paper: 财政部将所持信达、东方、长城三大AMC股权划转至汇金公司，有何深意

HKEX: PROPOSED GRATUITOUS TRANSFER OF SHARES BY CONTROLLING SHAREHOLDER

February 18, 2025

Senior advisor calls for ramp up in property aquisitions

China’s most influential economic advisor thinks it’s a prime time for authorities to ramp up property acquisitions. In a recent speech, Liu Yuanchun, president of the Shanghai University of Finance and Economics and trusted advisor to Xi Jinping, urged policymakers to: “Take advantage of the signi…

China’s most influential economic advisor thinks it’s a prime time for authorities to ramp up property acquisitions.
In a recent speech, Liu Yuanchun, president of the Shanghai University of Finance and Economics and trusted advisor to Xi Jinping, urged policymakers to:

“Take advantage of the signi...

sources

CMF: 刘元春：精准施策，全面促进中国宏观经济调控迈向第二阶段

Reuters: Ultra-weak home prices in northern China arrive in southern powerhouses

Caijing: 伤筋动骨三年半，房地产的淘汰与新生｜《财经》封面

February 17, 2025

Private sector symposium shows preference for manufacturers

As expected, on Monday morning, Xi Jinping sat down with representatives of China’s private sector. Three other Politburo Standing Committees also attended, namely Premier Li Qiang, head of the political advisory body (CPPCC) Wang Huning, and Executive Vice Premier Ding Xuexiang. The six executive…

As expected, on Monday morning, Xi Jinping sat down with representatives of China's private sector.

Three other Politburo Standing Committees also attended, namely Premier Li Qiang, head of the political advisory body (CPPCC) Wang Huning, and Executive Vice Premier Ding Xuexiang.

The six executive...

sources

Xinhua: 习近平：民营经济发展前景广阔大有可为民营企业和民营企业家大显身手正当其时

Reuters: Chinese firms and their founders at Xi's symposium

February 17, 2025

Xi throws weight behind private sector

You scratch my back, I’ll scratch yours. That was Xi Jinping’s message to private business at his high-profile sit-down with China’s top executives on Monday. Xi acknowledged that private companies face “difficulties and challenges” and promised to do more to make their lives better. This includes: …

You scratch my back, I'll scratch yours.
That was Xi Jinping's message to private business at his high-profile sit-down with China's top executives on Monday.
Xi acknowledged that private companies face "difficulties and challenges" and promised to do more to make their lives better. This includes: ...

sources

Xinhua: 习近平：民营经济发展前景广阔大有可为民营企业和民营企业家大显身手正当其时

Bloomberg: Xi Voices Support for Jack Ma, China Private Sector Chiefs

February 17, 2025

Li Qiang calls for expanding ice and snow economy

Premier Li Qiang wants to develop China’s ice and snow economy. On Saturday, Li toured Harbin, the capital of Heilongjiang province, after attending the closing ceremony of the Asian Winter Games the night before. Li stopped by: Harbin Songhua River Ice and Snow Carnival Harbin New District Ice Spo…

Premier Li Qiang wants to develop China's ice and snow economy.
On Saturday, Li toured Harbin, the capital of Heilongjiang province, after attending the closing ceremony of the Asian Winter Games the night before.
Li stopped by:

Harbin Songhua River Ice and Snow Carnival
Harbin New District Ice Spo...

sources

People.cn: 李强在黑龙江调研时强调大力发展冰雪运动冰雪经济打造服务消费新亮点和经济新增长点

Gov.cn: 国务院办公厅关于以冰雪运动高质量发展激发冰雪经济活力的若干意见

February 17, 2025

Wang Yi pitches multipolarity at Munich

China’s top diplomat, Wang Yi, believes a multipolar world is at hand. On Friday, Wang delivered a speech at the Munich Security Conference, outlining China’s vision for a shifting global order. Some context: Speaking at the same conference, US Vice President JD Vance criticized European leaders for…

China's top diplomat, Wang Yi, believes a multipolar world is at hand.
On Friday, Wang delivered a speech at the Munich Security Conference, outlining China's vision for a shifting global order.
Some context: Speaking at the same conference, US Vice President JD Vance criticized European leaders for...

sources

MoFA: 王毅在第61届慕尼黑安全会议“中国专场”上的主旨讲话（全文）

February 17, 2025

Wang Yi’s diplomatic blitz

Top diplomat Wang Yi held a bevy of sideline meetings at the Munich Security Conference: In discussions with the EU’s High Representative for Foreign Affairs and Security Policy Kaja Kallas, Wang highlighted the 50th anniversary of China-EU ties. He said that there was “no fundamental conflict of i…

Top diplomat Wang Yi held a bevy of sideline meetings at the Munich Security Conference:

In discussions with the EU’s High Representative for Foreign Affairs and Security Policy Kaja Kallas, Wang highlighted the 50th anniversary of China-EU ties. He said that there was “no fundamental conflict of i...

sources

MoFA: 王毅会见欧盟外交与安全政策高级代表卡拉斯

MoFA: 德国总理朔尔茨会见王毅

MoFA: 王毅会见法国外长巴罗

MoFA: 王毅会见乌克兰外长瑟比加

MoFA: 王毅会见北约秘书长吕特

February 17, 2025

Ag minister Han Jun pushes homegrown crop research, biotech innovation

China is on the verge of a paradigm shift in agtech. Ag minister Han Jun outlined China’s agricultural innovation strategy in a lengthy essay in Qiushi, the Party’s top journal, on Sunday. According to Han, domestic agricultural technology research is on the verge of a breakthrough: “[Chinese agtec…

China is on the verge of a paradigm shift in agtech.
Ag minister Han Jun outlined China's agricultural innovation strategy in a lengthy essay in Qiushi, the Party's top journal, on Sunday.
According to Han, domestic agricultural technology research is on the verge of a breakthrough:

"[Chinese agtec...

sources

Qiushi: 锚定建设农业强国目标加快实现高水平农业科技自立自强

February 15, 2025

Did DeepSeek turn down a government invite?

DeepSeek’s overnight success has not only reignited hope for China’s AI innovation, but also strengthened Beijing’s resolve to back its tech firms. Zhejiang, DeepSeek’s home province, is taking action. On Thursday, Party Secretary Wang Hao hosted a tech policy symposium with local firms, including: …

DeepSeek’s overnight success has not only reignited hope for China’s AI innovation, but also strengthened Beijing’s resolve to back its tech firms.
Zhejiang, DeepSeek’s home province, is taking action. On Thursday, Party Secretary Wang Hao hosted a tech policy symposium with local firms, including:
...

sources

Zhejiang News: 浙江省委书记王浩与“杭州六小龙”等相关企业负责人座谈：为人尽其才、施展才华提供更广阔舞台，最大限度释放人才活力

February 15, 2025

Podcast | China’s Q4 growth miracle, and future prospects for its export machine

While there was never any doubt that China would hit its 2024 GDP growth target of “around 5%,” the general consensus was that full-year growth would come in somewhere near the bottom end of what might acceptably be considered “around.” Needless to say, it was quite a surprise when the stats bureau…

While there was never any doubt that China would hit its 2024 GDP growth target of "around 5%," the general consensus was that full-year growth would come in somewhere near the bottom end of what might acceptably be considered "around."

Needless to say, it was quite a surprise when the stats bureau...

February 15, 2025

Beijing places restrictions on new copper smelting capacity

Beijing is clamping down on copper smelting overcapacity and shoring up supply chain security. On Tuesday, the industry regulator (MIIT) issued a 2025-2027 industry development plan, with new requirements for copper smelters. Smelters won’t be able to add any new capacity unless they control enough…

Beijing is clamping down on copper smelting overcapacity and shoring up supply chain security.
On Tuesday, the industry regulator (MIIT) issued a 2025-2027 industry development plan, with new requirements for copper smelters.

Smelters won’t be able to add any new capacity unless they control enough...

sources

MIIT: 工业和信息化部等十一部门关于印发《铜产业高质量发展实施方案（2025—2027年）》的通知

February 15, 2025

Credit growth flat in January

Credit growth in January was largely unchanged from the previous month. According to the central bank’s (PBoC) monthly credit data released on Friday, outstanding total social financing (TSF) grew 8.0% y/y last month, unchanged from 8.0% in December. Outstanding RMB loans grew 7.5% y/y, down from 7…

Credit growth in January was largely unchanged from the previous month.
According to the central bank’s (PBoC) monthly credit data released on Friday, outstanding total social financing (TSF) grew 8.0% y/y last month, unchanged from 8.0% in December.

Outstanding RMB loans grew 7.5% y/y, down from 7...

sources

PBoC: 2025年1月社会融资规模增量统计数据报告

PBoC: 2025年1月社会融资规模存量统计数据报告

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162