string(13) "markets-macro"

Macro

January 3, 2023

Resistance is futile

The window for US-listed Chinese firms to comply with US audit rules just got smaller. According to legislation passed by the US Congress on Friday, these firms now face mandatory delisting from US exchanges if the US Public Company Accounting Oversight Board (PCAOB) cannot inspect their auditors fo… Username Password Remember Me Forgot… Read More »

The window for US-listed Chinese firms to comply with US audit rules just got smaller.
According to legislation passed by the US Congress on Friday, these firms now face mandatory delisting from US exchanges if the US Public Company Accounting Oversight Board (PCAOB) cannot inspect their auditors fo...

sources

Bloomberg: US Speeds Up Timeline in China Firms Delisting Threat

January 3, 2023

Committee hearing

What better way to end the year than by reflecting on monetary policy? On December 28, the central bank (PBoC) did just that when it convened the Monetary Policy Committee for its quarterly meeting, chaired by PBoC Governor Yi Gang. TL;DR: The committee doubled down on all the PBoC’s talking points …

What better way to end the year than by reflecting on monetary policy?
On December 28, the central bank (PBoC) did just that when it convened the Monetary Policy Committee for its quarterly meeting, chaired by PBoC Governor Yi Gang.
TL;DR: The committee doubled down on all the PBoC’s talking points ...

sources

PBoC: 中国人民银行货币政策委员会召开2022年第四季度例会

December 29, 2022

Fiscal policy surprise for 2023?

Fiscal firepower might be even bigger than anticipated in the coming year. On Thursday, Minister of Finance Liu Kun held a teleconference alongside other finance officials to report on the government’s fiscal work plan for 2023. ICYMI: At the China Economic Work Conference (CEWC) in December, top le…

Fiscal firepower might be even bigger than anticipated in the coming year.
On Thursday, Minister of Finance Liu Kun held a teleconference alongside other finance officials to report on the government's fiscal work plan for 2023.
ICYMI: At the China Economic Work Conference (CEWC) in December, top le...

sources

MoF: 2022年全国财政工作视频会议在北京召开

December 21, 2022

Quick Take | The Central Economic Work Conference: A pro-growth agenda for 2023

On December 15 and 16, Beijing hosted the annual Central Economic Work Conference (CEWC). ICYDK: The CEWC is the most important Party-led annual economic meeting. It takes place each December and sets the economic policy agenda for the year ahead. Xi Jinping, outgoing Premier Li Keqiang, and h…

On December 15 and 16, Beijing hosted the annual Central Economic Work Conference (CEWC).
ICYDK: The CEWC is the most important Party-led annual economic meeting. It takes place each December and sets the economic policy agenda for the year ahead.

Xi Jinping, outgoing Premier Li Keqiang, and h...

sources

Xinhua: 中央经济工作会议在北京举行习近平李克强李强作重要讲话赵乐际王沪宁韩正蔡奇丁薛祥李希出席会议

December 16, 2022

Hu Changsheng heads for Gansu sheng

Look who’s landing in Lanzhou. On December 7, Xinhua revealed that former Heilongjiang governor Hu Changsheng, 59, is taking over as Gansu Party Secretary from Yin Hong, who was transferred to Jiangxi. Go west, young man. Hu is a Jiangxi native but spent 29 years in Sichuan province after studying a…

Look who's landing in Lanzhou.
On December 7, Xinhua revealed that former Heilongjiang governor Hu Changsheng, 59, is taking over as Gansu Party Secretary from Yin Hong, who was transferred to Jiangxi.
Go west, young man. Hu is a Jiangxi native but spent 29 years in Sichuan province after studying a...

sources

Xinhua: 浙江等3省省委主要负责同志职务调整

December 16, 2022

Spring hopes eternal

With COVID infections spreading nationwide, everyone is wondering when China’s first real COVID-19 wave will peak. We’re all epidemiologists now, but for your review we offer estimated timelines from three of China’s most public-facing experts and government advisors in the three-year fight against …

With COVID infections spreading nationwide, everyone is wondering when China's first real COVID-19 wave will peak.
We're all epidemiologists now, but for your review we offer estimated timelines from three of China's most public-facing experts and government advisors in the three-year fight against ...

sources

Sina: 张伯礼：今年大概率是个团圆年

The Paper: 就疫情防控新形势，钟南山作出一系列重磅解读

STCN: “如今的奥密克戎已不可怕！”钟南山最新研判：预计明年上半年可恢复！

Zaobao: 专家：全面放宽疫情急速升温上海广州感染数一两个月内料达高峰

December 16, 2022

Welcome to Hainan!

Hainan province: A paradise of palm trees, warm seas – and a world-class business environment. Sound nice? Hainan officials seem to think so, and on Tuesday unveiled the island’s new Department of Business Environment Construction to turn that vision into reality(Gov.cn 1). The department’s a first…

Hainan province: A paradise of palm trees, warm seas – and a world-class business environment.
Sound nice? Hainan officials seem to think so, and on Tuesday unveiled the island's new Department of Business Environment Construction to turn that vision into reality(Gov.cn 1).

The department's a first...

sources

Gov.cn: 海南省营商环境建设厅揭牌成立

Gov.cn: 国家发展改革委关于印发长三角国际一流营商环境建设三年行动方案的通知

China.com.cn: 营商环境要挺进全国第一方阵，河南该咋发力？

December 16, 2022

As easy as one, two, three

On Wednesday, Beijing dropped a massive strategic plan to expand domestic demand through 2035. We walked you through the focus sectors for consumption on Thursday. Here, we look at how the government plans to actually boost consumption in targeted areas. First, Beijing wants to lower the structura…

On Wednesday, Beijing dropped a massive strategic plan to expand domestic demand through 2035.

We walked you through the focus sectors for consumption on Thursday.

Here, we look at how the government plans to actually boost consumption in targeted areas.
First, Beijing wants to lower the structura...

sources

Xinhua: 中共中央国务院印发《扩大内需战略规划纲要（2022－2035年）》

December 16, 2022

Good COP, bad COP

On Thursday, Xi Jinping flicked on his webcam to address part two of the 15th meeting of COP15, held in Montreal, Canada. ICYDK, cool kids call it the Conference of the Parties to the Convention on Biological Diversity. Better late than never: COP15 was originally scheduled to take place in Kunmin…

On Thursday, Xi Jinping flicked on his webcam to address part two of the 15th meeting of COP15, held in Montreal, Canada.

ICYDK, cool kids call it the Conference of the Parties to the Convention on Biological Diversity.

Better late than never: COP15 was originally scheduled to take place in Kunmin...

sources

Xinhua: Xi Focus: Xi addresses opening ceremony of high-level segment of COP15 part 2

December 16, 2022

Real estate stimulus ain’t working

The econ data for November painted a fairly grim picture (see yesterday’s newsletter). The numbers for the real estate sector were no different. The problem: Support measures just aren’t cutting through. China has slashed mortgage rates and lowered down payment ratios, but sales growth is getting…

The econ data for November painted a fairly grim picture (see yesterday's newsletter).

The numbers for the real estate sector were no different.

The problem: Support measures just aren’t cutting through.
China has slashed mortgage rates and lowered down payment ratios, but sales growth is getting...

sources

NBS: 2022年1—11月份全国房地产开发投资下降9.8%

Reuters: China property slumps further in Nov, policies support gradual recovery

December 16, 2022

A growth mindset

China’s outgoing and incoming econ czars are getting bullish about China’s 2023 economic prospects. On Thursday, Liu He, the outgoing vice premier in charge of econ and finance, talked up China’s 2023 economic prospects at the fifth EU-China CEO and Former Senior Officials’ Dialogue. According to t…

China’s outgoing and incoming econ czars are getting bullish about China's 2023 economic prospects.
On Thursday, Liu He, the outgoing vice premier in charge of econ and finance, talked up China's 2023 economic prospects at the fifth EU-China CEO and Former Senior Officials' Dialogue.

According to t...

sources

Xinhua: 刘鹤在第五轮中国－欧盟工商领袖和前高官对话上发表致辞

WSJ: China’s Leaders Plot Pivot Back Toward Boosting Economy

December 16, 2022

On Our Radar | So what’s the plan?

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Central Economic Work Conference (December 15-16) politics Xi Jinping’s New Year address (December 31) Xi Jinping’s Central Party School address (early January) foreign…

The most important upcoming developments for policy and politics in China over the next month
key developments
econ and finance

Central Economic Work Conference (December 15-16)

politics

Xi Jinping’s New Year address (December 31)
Xi Jinping’s Central Party School address (early January)

foreign...

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