string(13) "markets-macro"

Macro

December 13, 2022

Nice to see ya, South Korea!

Beijing is scrambling to make nice with Seoul. On Monday, Premier Li Keqiang spoke via videolink at the third China-ROK Entrepreneurs and Former High-level Officials Dialogue. His message: Let’s keep supply chains humming. Translation: Please don’t cut off China’s supply of chips. Some context: Foll… Username Password Remember Me Forgot Password

Beijing is scrambling to make nice with Seoul.
On Monday, Premier Li Keqiang spoke via videolink at the third China-ROK Entrepreneurs and Former High-level Officials Dialogue.
His message: Let’s keep supply chains humming.
Translation: Please don’t cut off China's supply of chips.
Some context: Foll...

sources

Gov.cn: Chinese premier calls on China, ROK to jointly safeguard industrial, supply chains

People's Daily: 李克强在第三轮中韩企业家和前高官对话会上发表致辞

December 13, 2022

Propaganda veteran takes over in Guizhou

The Party’s Organization Department has been busy…well…organizing. On Friday, Xinhua reported that Xu Lin, 59, was appointed Party Secretary of Guizhou. Xu is the eleventh provincial Party secretary appointed since the 20th Party Congress in October. He replaces Shen Yiqin, a (rare) female prov…

The Party's Organization Department has been busy...well...organizing.
On Friday, Xinhua reported that Xu Lin, 59, was appointed Party Secretary of Guizhou.

Xu is the eleventh provincial Party secretary appointed since the 20th Party Congress in October.
He replaces Shen Yiqin, a (rare) female prov...

sources

Xinhua: 贵州省委主要负责同志职务调整徐麟任贵州省委书记

December 13, 2022

Su-knackered

China’s embattled property developers are finally starting to get moving on restructuring. On Friday, in a Hong Kong Stock Exchange filing, Sunac dropped preliminary plans to restructure USD 9.1 billion in offshore debt. The plans are based on discussions with creditors who collectively hold over 3…

China’s embattled property developers are finally starting to get moving on restructuring.
On Friday, in a Hong Kong Stock Exchange filing, Sunac dropped preliminary plans to restructure USD 9.1 billion in offshore debt.

The plans are based on discussions with creditors who collectively hold over 3...

sources

HKEX: UPDATE ON THE DEBT RESTRUCTURING AND BUSINESS DEVELOPMENT

December 13, 2022

Party school professor takes on Zhejiang

With mugs of tea to sustain them, and notebooks to record wise words, the leading cadres of Zhejiang province gathered on December 7 to welcome their new Party secretary. Former Jiangxi Party Secretary Yi Lianhong, 63, took over as Zhejiang Party chief from Yuan Jiajun, recently promoted to become C…

With mugs of tea to sustain them, and notebooks to record wise words, the leading cadres of Zhejiang province gathered on December 7 to welcome their new Party secretary.
Former Jiangxi Party Secretary Yi Lianhong, 63, took over as Zhejiang Party chief from Yuan Jiajun, recently promoted to become C...

sources

Xinhua: 浙江等3省省委主要负责同志职务调整

Zhejiang News: 浙江省召开领导干部会议宣布中央决定　袁家军主持并讲话陈希宣布中央决定易炼红讲话

December 13, 2022

Hospitals in Beijing feel the strain

China’s capital offers a glimpse of the nationwide challenge ahead, now that policymakers have lifted zero-COVID restrictions and China is bracing for its first real COVID wave. On Monday, city authorities released stats on the surging demand for healthcare as Omicron spreads citywide (Yicai): On S…

China's capital offers a glimpse of the nationwide challenge ahead, now that policymakers have lifted zero-COVID restrictions and China is bracing for its first real COVID wave.
On Monday, city authorities released stats on the surging demand for healthcare as Omicron spreads citywide (Yicai):

On S...

sources

Yicai: 发热门诊激增，北京如何应对医疗服务、药品供应短期压力

Beijing Daily: 北京急救中心：新冠无症状、轻症患者勿拨打120，为急危重症患者留出通道

December 13, 2022

China’s credit numbers disappoint again

China’s central bank released the credit data for November late on Monday. The headlines: Net new total social financing (TSF) hit 2.0 trillion last month, versus the consensus forecast of RMB 2.1 trillion. Net new bank loans were RMB 1.2 trillion in November, lower than the forecasted RMB 1.4 tril…

China’s central bank released the credit data for November late on Monday.
The headlines:

Net new total social financing (TSF) hit 2.0 trillion last month, versus the consensus forecast of RMB 2.1 trillion.
Net new bank loans were RMB 1.2 trillion in November, lower than the forecasted RMB 1.4 tril...

sources

PBoC: 2022年11月金融统计数据报告

Reuters: China Nov new bank loans rise more slowly than expected

December 13, 2022

Quick take | COVID tracking apps: A pretty skin over a data skeleton

Dear everyone who thought China would never get rid of COVID health code apps because they are too delicious a citizen control mechanism: The Chinese government is starting to get rid of COVID health code apps. On December 13 at midnight, the national health code Tongxin Xincheng Card travel tracki…

On December 13 at midnight, the national health code Tongxin Xincheng Card travel tracki...

December 13, 2022

e-CNY plugs into Taobao

On Monday, Ant Group’s Chief Compliance Officer Li Chen announced that Alibaba’s Taobao will support the digital yuan (e-CNY) as a payment option. Some context: Some of China’s most popular ecommerce apps – like JD and Meituan – have already integrated e-CNY as a payment option over the past couple…

On Monday, Ant Group’s Chief Compliance Officer Li Chen announced that Alibaba’s Taobao will support the digital yuan (e-CNY) as a payment option.
Some context: Some of China’s most popular ecommerce apps - like JD and Meituan - have already integrated e-CNY as a payment option over the past couple...

sources

mPayPass: 支付宝加入数字人民币受理网络，支持淘宝使用数字人民币付款

December 13, 2022

Japan joins the chip blockade

Last week, we learned that the Netherlands may join hands with the US to curb China’s access to semiconductor equipment. Now Japan may join the party as well. On Monday, Bloomberg reported that Japan and the Netherlands have agreed in principle to partially adopt the US export controls on Ch…

Last week, we learned that the Netherlands may join hands with the US to curb China’s access to semiconductor equipment.

Now Japan may join the party as well.

On Monday, Bloomberg reported that Japan and the Netherlands have agreed in principle to partially adopt the US export controls on Ch...

sources

Bloomberg: Japan to Join US Effort to Tighten Chip Exports to China

December 13, 2022

Shenzhen says: The more microscopes the merrier

On Monday, Shenzhen’s municipal government released guidelines to push for broader, more efficient use of scientific research equipment. The new guidelines encourage private enterprises and public researchers to access equipment at Shenzhen government-funded scientific facilities. Quick background…

On Monday, Shenzhen's municipal government released guidelines to push for broader, more efficient use of scientific research equipment.

The new guidelines encourage private enterprises and public researchers to access equipment at Shenzhen government-funded scientific facilities.

Quick background...

sources

Shenzhen Gov.cn: 深圳市人民政府办公厅关于印发深圳市促进重大科技基础设施和大型科研仪器开放共享管理办法的通知

People's Daily: 深圳4886台（套）大型科研仪器开放共享

December 13, 2022

Dream of red banknotes

Beijing continues to pursue its RMB internationalization agenda. The latest: On Saturday, Xi Jinping gave a speech at a forum in Saudi Arabia where he called for oil and gas transactions to be settled in RMB (Reuters). “China will continue to import large quantities of crude oil from GCC countries,…

Beijing continues to pursue its RMB internationalization agenda.
The latest: On Saturday, Xi Jinping gave a speech at a forum in Saudi Arabia where he called for oil and gas transactions to be settled in RMB (Reuters).

“China will continue to import large quantities of crude oil from GCC countries,...

sources

Reuters: UPDATE 1-China to use Shanghai exchange for yuan energy deals with Gulf nations - Xi

December 13, 2022

Then there were two

Offshore bank loans for China’s property developers might finally be picking up steam. On Monday, Bloomberg reported that Industrial and Commercial Bank of China (ICBC) has agreed to provide private-sector developer Country Garden with a USD 300 million offshore loan. The loan will be backed by an …

Offshore bank loans for China's property developers might finally be picking up steam.
On Monday, Bloomberg reported that Industrial and Commercial Bank of China (ICBC) has agreed to provide private-sector developer Country Garden with a USD 300 million offshore loan.

The loan will be backed by an ...

sources

Bloomberg: Chinese Property Firms Get New Offshore Loans From Big Banks

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162