string(13) "markets-macro"

Macro

October 11, 2022

Any time, any place, anywhere

On October 5, the General Office of the State Council issued a guideline to increase the range of administrative matters that can be handled across provinces, to make life easier for the millions of Chinese citizens who work away from their home provinces. Recap: At a September 27 State Council meet… Username Password Remember Me… Read More »

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Gov.cn: 国务院办公厅关于扩大政务服务“跨省通办”范围进一步提升服务效能的意见

October 11, 2022

The warm-up party kicks off

Behind firmly closed doors in Beijing’s military-run Jingxi Hotel, over 350 members of the 19th Party Central Committee began their seventh and final plenary session on Sunday (Xinhua). The meeting is expected to last until Wednesday before the action shifts to the Great Hall of the People, where t…

Behind firmly closed doors in Beijing's military-run Jingxi Hotel, over 350 members of the 19th Party Central Committee began their seventh and final plenary session on Sunday (Xinhua).

The meeting is expected to last until Wednesday before the action shifts to the Great Hall of the People, where t...

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Xinhua: 中国共产党第十九届中央委员会第七次全体会议在京召开

October 10, 2022

We like to move it move it

Go West, young industrialists! On Thursday, Economic Daily ran a commentary on “promoting orderly domestic industrial transfer.” “Industrial transfer” refers to the physical relocation of industry – think the US and other nations moving manufacturing capacity to China in the 80s and 90s. ICYMI: In…

Go West, young industrialists!
On Thursday, Economic Daily ran a commentary on “promoting orderly domestic industrial transfer.”

“Industrial transfer” refers to the physical relocation of industry – think the US and other nations moving manufacturing capacity to China in the 80s and 90s.

ICYMI: In...

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Gov.cn: 《关于促进制造业有序转移的指导意见》政策解读

Economic Daily: 促进产业在国内有序转移

October 10, 2022

Those polysilicon prices are too damn high!

China’s industry and energy regulators are tired of rising solar energy prices. On Sunday, the industry ministry (MIIT) announced that it had summoned the country’s top polysilicon manufacturers for a series of talks in recent weeks. It was also joined by the market regulator (SAMR) and the energy …

China’s industry and energy regulators are tired of rising solar energy prices.
On Sunday, the industry ministry (MIIT) announced that it had summoned the country’s top polysilicon manufacturers for a series of talks in recent weeks.

It was also joined by the market regulator (SAMR) and the energy ...

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MIIT: 三部门集体约谈部分光伏企业及行业机构

October 10, 2022

Alipay removed from HNTE designation

On Sunday, Caixin reported that Ant Group’s Shanghai-based subsidiary Alipay China — which holds the group’s payment license — has recently been removed from the “high new tech enterprise” (HNTE) designation list after enjoying years of preferential policies from the designation. The reason: I…

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Caixin: 蚂蚁回应支付宝高新企业资格被撤销系到期后未再申请

October 10, 2022

Let 100 industrial internet parks bloom

On Sunday, the Ministry of Industry and Information Technology (MIIT) announced the “100 Cities, 1,000 Parks” campaign to bring the industrial internet to industrial parks across the country. Quick background: The “industrial internet” refers to various IT technologies applied to manufacturing and i…

On Sunday, the Ministry of Industry and Information Technology (MIIT) announced the “100 Cities, 1,000 Parks” campaign to bring the industrial internet to industrial parks across the country.
Quick background: The “industrial internet” refers to various IT technologies applied to manufacturing and i...

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Gov.cn: 工业和信息化部办公厅关于组织开展工业互联网一体化进园区“百城千园行”活动的通知

October 10, 2022

A COVID-ridden holiday

On Friday, the Ministry of Culture and Tourism dropped travel stats for the seven-day National Day holiday (October 1-7). Quelle surprise: It was another holiday dud (21st Century Biz). Total domestic tourist trips hit 422 million, down 18.2% y/y – and 60.7% of 2019 levels. Total domestic tou…

On Friday, the Ministry of Culture and Tourism dropped travel stats for the seven-day National Day holiday (October 1-7).
Quelle surprise: It was another holiday dud (21st Century Biz).

Total domestic tourist trips hit 422 million, down 18.2% y/y – and 60.7% of 2019 levels.
Total domestic tou...

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21st Century Biz: 国庆假期全国国内旅游出游4.22亿人次，国内旅游收入2872.1亿元

Caixin: 黄金周疫情城市数创新高新疆、云南西双版纳等地管控出行

Caixin: 171城出现疫情国庆黄金周客运量同比下降近4成

October 10, 2022

Primarily interested in connecting

On Saturday, the Shenzhen Stock Exchange announced that companies with dual-class shares that have converted their primary listing to Hong Kong can be included in the Stock Connect program. Some context: The program – launched with Shanghai in 2014 and Shenzhen in 2016 – allows offshore investors to…

On Saturday, the Shenzhen Stock Exchange announced that companies with dual-class shares that have converted their primary listing to Hong Kong can be included in the Stock Connect program.
Some context: The program – launched with Shanghai in 2014 and Shenzhen in 2016 – allows offshore investors to...

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SZSE: 关于深港通下的港股通股票纳入相关安排的通知

The Paper: 深交所就深港通下的港股通股票纳入相关安排答问

October 10, 2022

US expands list of “Chinese military companies” barred from investment

On Wednesday, the US Department of Defense (DoD) added a second tranche of entities to its list of “Chinese military companies.” US citizens and companies are barred from buying or selling the publicly traded securities of any firms included on the list. Quick background: The Chinese milita…

On Wednesday, the US Department of Defense (DoD) added a second tranche of entities to its list of “Chinese military companies.”

US citizens and companies are barred from buying or selling the publicly traded securities of any firms included on the list.

Quick background: The Chinese milita...

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US Department of Defense: DOD Releases List of People's Republic of China (PRC) Military Companies in Accordance With Section 1260H of the National Defense Authorization Act for Fiscal Year 2021

October 10, 2022

From Musk till dawn

Does this guy have an off switch? In a Financial Times profile on Friday, Elon Musk took on the hotspot of hotspots, and declared conflict over Taiwan “inevitable.” But don’t abandon all hope. The Tesla billionaire unveiled his Beijing-pleasing solution for a Chinese takeover of Taiwan (FT): “My re…

Does this guy have an off switch?
In a Financial Times profile on Friday, Elon Musk took on the hotspot of hotspots, and declared conflict over Taiwan "inevitable."
But don't abandon all hope.
The Tesla billionaire unveiled his Beijing-pleasing solution for a Chinese takeover of Taiwan (FT):

“My re...

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Focus Taiwan: Taiwan parties slam Musk over 'special administrative zone' suggestion

Twitter: Chinese Ambassador to the United States

Financial Times: Elon Musk: ‘Aren’t you entertained?’

October 10, 2022

We’re going global, baby!

The central bank (PBoC) is increasing its focus on RMB internationalization. On Sunday, PBoC’s macro-prudential bureau issued a note outlining measures to facilitate greater use of the yuan as a global currency. The note was the latest in a series of policy briefs published by the PBoC on WeChat. …

The central bank (PBoC) is increasing its focus on RMB internationalization.
On Sunday, PBoC’s macro-prudential bureau issued a note outlining measures to facilitate greater use of the yuan as a global currency.

The note was the latest in a series of policy briefs published by the PBoC on WeChat.

...

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The Paper: 央行：支持境外国家和地区发展当地人民币外汇市场

October 10, 2022

Take your supplements

Is that the trickle of new stimulus money we hear? On Sunday, 21st Century Biz reported that total outstanding lending under the central bank’s (PBoC) pledged supplementary lending (PSL) facility increased by RMB 108.2 billion in September. That’s the first increase since February 2020. Some conte…

Is that the trickle of new stimulus money we hear?
On Sunday, 21st Century Biz reported that total outstanding lending under the central bank’s (PBoC) pledged supplementary lending (PSL) facility increased by RMB 108.2 billion in September.

That's the first increase since February 2020.

Some conte...

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21st Century Biz: 时隔两年半PSL再度重启，有何深意？

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