string(13) "markets-macro"

Macro

November 3, 2022

The future of international financial infrastructure

On Tuesday, at a fintech forum Mu Changchun, head of e-CNY development at China’s central bank (PBoC), said that mBridge is compatible with cross-border payments using traditional monetary systems. Wow. ICYDK: mBridge is the world’s leading cross-border settlement platform for central bank d… Username Password Remember Me Forgot Password

On Tuesday, at a fintech forum Mu Changchun, head of e-CNY development at China’s central bank (PBoC), said that mBridge is compatible with cross-border payments using traditional monetary systems.

Wow.

ICYDK: mBridge is the world’s leading cross-border settlement platform for central bank d...

sources

Caixin: 穆长春：拥有央行数字货币系统不是参与货币桥项目的先决条件

November 3, 2022

Quick take | Sheikh ‘n bake: China and COP27

While the 20th Party Congress still looms large in the rear-view mirror, COP27 rapidly approaches. The next United Nations Climate Change Conference will kick off in Sharm el-Sheikh, Egypt on Sunday, November 6, and continue through November 18. All eyes are on China as the world’s largest emitter…

While the 20th Party Congress still looms large in the rear-view mirror, COP27 rapidly approaches.

The next United Nations Climate Change Conference will kick off in Sharm el-Sheikh, Egypt on Sunday, November 6, and continue through November 18.

All eyes are on China as the world’s largest emitter...

sources

SCMP: COP27: China calls for UN climate summit to address concerns of developing nations

Climate Action Tracker: China submits updated NDC, confirming targets announced in September 2020

November 3, 2022

Safety first

The central bank governor wasn’t the only econ official to contribute to the Party Congress spirit guidebook (see previous entry). On Wednesday, Yicai published banking regulator (CBIRC) chairman Guo Shuqing’s contribution to the collection, titled “Strengthening and Improving Modern Financial Super…

The central bank governor wasn’t the only econ official to contribute to the Party Congress spirit guidebook (see previous entry).
On Wednesday, Yicai published banking regulator (CBIRC) chairman Guo Shuqing's contribution to the collection, titled "Strengthening and Improving Modern Financial Super...

sources

Yicai: 郭树清：加强和完善现代金融监管

November 3, 2022

Spirit guide

Wondering how the Party Congress spirit will manifest in China’s central banking system? It just so happens that the central bank (PBoC) governor, Yi Gang, has published an essay on that very topic. The essay, “Building a Modern Central Bank System,” appeared in a guidebook for the nationwide study…

Wondering how the Party Congress spirit will manifest in China's central banking system?
It just so happens that the central bank (PBoC) governor, Yi Gang, has published an essay on that very topic.

The essay, “Building a Modern Central Bank System,” appeared in a guidebook for the nationwide study...

sources

Securities Times: 易纲发文："自救"应成为应对金融风险的主要方式；"财政的钱"与"央行的钱"存在本质区别…看十大要点

Xinhua: 党的二十大文件及学习辅导读物在京首发

November 3, 2022

Take a deep breath

Rumors abound about potential state ownership of Tencent – and markets are getting jittery. We, on the other hand, remain very much un-jittery. ICYMI: On Monday, rumors flew that the state-owned CITIC Group was looking to take a big stake in Tencent. The rumor was debunked, but it kick…

Rumors abound about potential state ownership of Tencent – and markets are getting jittery.

We, on the other hand, remain very much un-jittery.

ICYMI: On Monday, rumors flew that the state-owned CITIC Group was looking to take a big stake in Tencent.

The rumor was debunked, but it kick...

sources

Caixin: 腾讯联通拟成立合资公司发力CDN及边缘计算市场

November 3, 2022

US adding pressure to Dutch over ASML

On Thursday, Bloomberg reported that senior US representatives were planning a trip to the Netherlands to lobby the Dutch government to join US’ efforts to restrict exports of advanced semiconductor tech to China. Who’s going: Under Secretary of Commerce for Industry and Security Alan Estevez. He’s…

On Thursday, Bloomberg reported that senior US representatives were planning a trip to the Netherlands to lobby the Dutch government to join US’ efforts to restrict exports of advanced semiconductor tech to China.
Who’s going: Under Secretary of Commerce for Industry and Security Alan Estevez.

He’s...

sources

Bloomberg: US to Amp Up Pressure on Dutch to Block Chip Gear Sales to China

November 3, 2022

We hear ya, foreign investors

Your complaints are well received. On Friday, Chen Zhu, vice chairman of the national legislature’s standing committee (NPCSC), reported on the results of inspections into the implementation of the Foreign Investment Law. Inspection teams visited 16 provinces to interview over 200 foreign companies…

Your complaints are well received.
On Friday, Chen Zhu, vice chairman of the national legislature's standing committee (NPCSC), reported on the results of inspections into the implementation of the Foreign Investment Law.

Inspection teams visited 16 provinces to interview over 200 foreign companies...

sources

NPC: 全国人民代表大会常务委员会执法检查组关于检查《中华人民共和国外商投资法》实施情况的报告

November 3, 2022

SAFEly crossing the border

On Monday, Xuan Changneng, a deputy administrator at the State Administration of Foreign Exchange (SAFE), published a piece on the state of cross-border capital flows for the China Finance 40 Forum (CF40). Some context: CF40, which produces research on economic and financial policy, is one of China’…

On Monday, Xuan Changneng, a deputy administrator at the State Administration of Foreign Exchange (SAFE), published a piece on the state of cross-border capital flows for the China Finance 40 Forum (CF40).
Some context: CF40, which produces research on economic and financial policy, is one of China’...

sources

WeChat: 宣昌能：跨境资本流动与风险防控

November 3, 2022

Get your sheet together

Local governments need to get their fiscal houses in order – and Beijing is more than happy to do it for them. That was the message – per domestic media – in Finance Minister Liu Kun’s contribution to the Party Congress spirit guidebook. Liu’s overall message (Securities Times): “[W]e will build a …

Local governments need to get their fiscal houses in order – and Beijing is more than happy to do it for them.
That was the message – per domestic media – in Finance Minister Liu Kun's contribution to the Party Congress spirit guidebook.
Liu’s overall message (Securities Times):

“[W]e will build a ...

sources

Securities Times: 刘昆：完善国债收益率曲线，进一步发挥政府债券金融工具作用

Securities Times: 刘昆：合理确定国有资本收益上交比例，稳步提高社会保险基金统筹层次

Bloomberg: China Hidden Local Government Debt Is Half of GDP, Goldman Says

November 2, 2022

Xi’s protégé steers Propaganda Department

Another Xi ally is on the fast track up the Party ranks. The latest: Li Shulei, 58, was confirmed as head of the Party’s powerful Propaganda Department on October 26 (CCTV). He takes over from Huang Kunming, who just became Guangdong Party chief. Take note: This promotion comes less than six month…

Another Xi ally is on the fast track up the Party ranks.
The latest: Li Shulei, 58, was confirmed as head of the Party's powerful Propaganda Department on October 26 (CCTV).

He takes over from Huang Kunming, who just became Guangdong Party chief.

Take note: This promotion comes less than six month...

sources

CCTV: [视频]十三届全国人大常委会第三十七次会议在京举行学习贯彻党的二十大精神栗战书主持会议并讲话

November 2, 2022

A new day for Zhong-Yue

Xi Jinping seemed extra psyched to meet his brother in Marxism, Vietnamese Communist Party General Secretary Nguyễn Phú Trọng, on Monday in Beijing. Some context: Trọng was the first foreign leader to meet Xi since the 20th Party Congress concluded. While in town, Trong also took meetings with: Pre…

Xi Jinping seemed extra psyched to meet his brother in Marxism, Vietnamese Communist Party General Secretary Nguyễn Phú Trọng, on Monday in Beijing.
Some context: Trọng was the first foreign leader to meet Xi since the 20th Party Congress concluded.
While in town, Trong also took meetings with:

Pre...

sources

The Paper: 关于进一步加强和深化中越全面战略合作伙伴关系的联合声明

November 2, 2022

We hear ya, foreign investors

And your complaints are well received. On Friday, Chen Zhu, vice chairman of the legislature (NPCSC), reported back on the results of recent inspections around implementation of the Foreign Investment Law. Some context: Over the past four months, inspections teams visited 16 provinces and sat down w…

And your complaints are well received.
On Friday, Chen Zhu, vice chairman of the legislature (NPCSC), reported back on the results of recent inspections around implementation of the Foreign Investment Law.
Some context: Over the past four months, inspections teams visited 16 provinces and sat down w...

sources

NPC: 全国人民代表大会常务委员会执法检查组关于检查《中华人民共和国外商投资法》实施情况的报告

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