string(13) "markets-macro"

Macro

January 10, 2023

The great rejuvenation of Chinese equities

Things are looking up for offshore-listed Chinese stocks after a tough couple of years – but markets shouldn’t get too carried away. Some context: US and Hong Kong-listed Chinese companies – most of which are private-sector, new-economy firms – have performed exceptionally poorly since nearing all-… Username Password Remember Me Forgot Password

Things are looking up for offshore-listed Chinese stocks after a tough couple of years – but markets shouldn't get too carried away.
Some context: US and Hong Kong-listed Chinese companies – most of which are private-sector, new-economy firms – have performed exceptionally poorly since nearing all-...

sources

NASDAQ: NASDAQ Golden Dragon China Index

Hang Seng Indexes: Hang Seng Index and Sub-indexes

January 9, 2023

For whom the Dell tolls

US-China geopolitical tensions, especially around semiconductors, are making multinationals rethink their supply chain security. The latest: On Thursday, citing unnamed sources, Nikkei reported that Dell has decided to stop sourcing chips made in China by 2024. It has also told suppliers…

US-China geopolitical tensions, especially around semiconductors, are making multinationals rethink their supply chain security.
The latest: On Thursday, citing unnamed sources, Nikkei reported that Dell has decided to stop sourcing chips made in China by 2024.

It has also told suppliers...

sources

Nikkei: Dell looks to phase out 'made in China' chips by 2024

January 9, 2023

Of the Party, by the Party, and for the Party

Over the weekend, Xi Jinping sent an important message to a two-day teleconference of China’s top law enforcement officials. His message: Don’t let your guard down. Just ahead of the Chinese People’s Police Day (January 10), Xi’s “important instructions” were delivered by Chen Wenqing, the newly min…

Over the weekend, Xi Jinping sent an important message to a two-day teleconference of China’s top law enforcement officials.
His message: Don’t let your guard down.
Just ahead of the Chinese People’s Police Day (January 10), Xi's "important instructions" were delivered by Chen Wenqing, the newly min...

sources

CCTV: [视频]习近平对政法工作作出重要指示强调坚持改革创新发扬斗争精神奋力推进政法工作现代化在“中国人民警察节”到来之际向全国人民警察致以节日祝贺和慰问

Xinhua: Xi Focus: Xi stresses efforts to modernize judicial, procuratorial, public security work

January 9, 2023

COVID policy comes full circle

China’s health authorities and the State Council inter-agency team for COVID management have released the 10th editions of the COVID treatment guide (Friday) and COVID prevention and control guide (Saturday). These protocols, first issued in early 2020, detail how China identifies and treat COVID p…

China's health authorities and the State Council inter-agency team for COVID management have released the 10th editions of the COVID treatment guide (Friday) and COVID prevention and control guide (Saturday).

These protocols, first issued in early 2020, detail how China identifies and treat COVID p...

sources

Gov.cn: 关于印发新型冠状病毒感染防控方案(第十版)的通知

NHC: 关于印发新型冠状病毒感染诊疗方案（试行第十版）的通知

January 9, 2023

Pass the gas

On Friday, Xi Jinping met in Beijing with Turkmenistan’s President Berdimuhamedov. No, not dentist-turned-dictator Gurbanguly Berdimuhamedov. His son Serdar! But we’re guessing natural gas, not nepotism, was the main thing on Xi’s mind. ICYDK: The fiercely secretive Central Asian country is a natu…

On Friday, Xi Jinping met in Beijing with Turkmenistan's President Berdimuhamedov.

No, not dentist-turned-dictator Gurbanguly Berdimuhamedov. His son Serdar!

But we’re guessing natural gas, not nepotism, was the main thing on Xi’s mind.
ICYDK: The fiercely secretive Central Asian country is a natu...

sources

Xinhua: 习近平同土库曼斯坦总统谢尔达尔·别尔德穆哈梅多夫举行会谈

January 9, 2023

Canary in the coal mine

China’s biggest state-owned enterprises (SOEs) have a new boss. On December 27, “responsible comrades” from the Party’s Organization Department told a meeting at the state assets regulator (SASAC) that the body has a new Party secretary: Zhang Yuzhuo (61) replaces Hao Peng (63), recently appoi…

China’s biggest state-owned enterprises (SOEs) have a new boss.
On December 27, "responsible comrades" from the Party's Organization Department told a meeting at the state assets regulator (SASAC) that the body has a new Party secretary:

Zhang Yuzhuo (61) replaces Hao Peng (63), recently appoi...

sources

Caixin: 张玉卓任国务院国资委党委书记

SASAC: 国务院国有资产监督管理委员会党委书记调整

January 9, 2023

Mr. Huai wants more Mr. Wizards

On Thursday, the Ministry of Education (MoE) published an article by Minister Huai Jinpeng. The topic: The ministry’s evolving responsibilities in terms of fostering high-quality sci-tech talent. The interesting bit: Huai said that the 20th Party Congress report – released in October – indicated tha…

On Thursday, the Ministry of Education (MoE) published an article by Minister Huai Jinpeng.
The topic: The ministry's evolving responsibilities in terms of fostering high-quality sci-tech talent.
The interesting bit: Huai said that the 20th Party Congress report - released in October - indicated tha...

sources

MOE: 加快建设教育强国为全面建设社会主义现代化国家提供基础性、战略性支撑

January 9, 2023

Bankers, get real

Another day, another set of regulations aimed at modernizing China’s financial system. On Friday, the banking and insurance regulator (CBIRC) called for comment on revisions to four separate – but related – pieces of regulation concerning bank lending. Per the CBIRC, the revisions collectively (CBIR…

Another day, another set of regulations aimed at modernizing China’s financial system.
On Friday, the banking and insurance regulator (CBIRC) called for comment on revisions to four separate – but related – pieces of regulation concerning bank lending.
Per the CBIRC, the revisions collectively (CBIR...

sources

CBIRC: 中国银保监会关于“三个办法一个规定”公开征求意见的公告

CBIRC: 中国银保监会有关部门负责人就“三个办法一个规定”答记者问

January 9, 2023

Regulators signal the end of the tech crackdown

Beijing is working hard to restore confidence in the private sector, which has been badly damaged by the tech crackdown over the last two years. On Saturday, Guo Shuqing, head of China’s banking regulator (CBIRC), said the regulatory overhaul of China’s fintech platforms is close to an end.&nb…

Beijing is working hard to restore confidence in the private sector, which has been badly damaged by the tech crackdown over the last two years.
On Saturday, Guo Shuqing, head of China’s banking regulator (CBIRC), said the regulatory overhaul of China’s fintech platforms is close to an end.&nb...

sources

Caixin: 郭树清：14家平台企业金融业务专项整改已基本完成

January 9, 2023

Bail me out, Scotty

China is a step closer to introducing a financial stability guarantee fund to bail out distressed institutions. On December 30, the standing committee of the national legislature (NPCSC) reviewed the first draft of the Financial Stability Law and released an updated draft for public comment. Some co…

China is a step closer to introducing a financial stability guarantee fund to bail out distressed institutions.
On December 30, the standing committee of the national legislature (NPCSC) reviewed the first draft of the Financial Stability Law and released an updated draft for public comment.
Some co...

sources

NPC: 金融稳定法（草案）征求意见

January 9, 2023

Jack Ma has left the building

The tech crackdown started with Jack Ma and is now ending with Jack Ma. How it started: In October 2020, Ant Group founder Jack Ma openly bashed regulators in public in a bid to sway fintech regulations toward more lax supervision. Beijing viewed this as political interference – triggering a…

The tech crackdown started with Jack Ma and is now ending with Jack Ma.
How it started: In October 2020, Ant Group founder Jack Ma openly bashed regulators in public in a bid to sway fintech regulations toward more lax supervision.

Beijing viewed this as political interference – triggering a...

sources

Caixin: 马云不再是蚂蚁集团实控人年内上市应无望

January 9, 2023

Moving the lines

After two-plus years of implementation, the government is considering easing its heavy-handed “three red lines” policy that limits property developers’ ability to boost their leverage. On Thursday, Bloomberg cited unnamed sources as saying the deadline for developers to comply with the three red li…

After two-plus years of implementation, the government is considering easing its heavy-handed "three red lines" policy that limits property developers’ ability to boost their leverage.

On Thursday, Bloomberg cited unnamed sources as saying the deadline for developers to comply with the three red li...

sources

Bloomberg: China May Ease ‘Three Red Lines’ Property Rules in Big Shift

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