string(13) "markets-macro"

Macro

September 6, 2022

Locking down medical data

Last Monday, the National Health Commission (NHC) released new data security measures in medical institutions. The measures impose strict and wide-ranging rules on how hospitals and clinics must protect their networks and handle sensitive data. First, the measures require hospitals to ensure their… Username Password Remember Me Forgot Password

Last Monday, the National Health Commission (NHC) released new data security measures in medical institutions.

The measures impose strict and wide-ranging rules on how hospitals and clinics must protect their networks and handle sensitive data.

First, the measures require hospitals to ensure their...

sources

NHC: 关于印发医疗卫生机构网络安全管理办法的通知

Gov.cn: 《医疗卫生机构网络安全管理办法》的政策解读

September 6, 2022

The SPB game plan

We’ve been banging on for some time that a crucial barrier to local governments spending the proceeds of their special purpose bond (SPB) sales is the lack of shovel-ready and financially viable projects. But Beijing is on the case. At a Monday presser, Yang Yinkai, spokesperson for the economic p…

We've been banging on for some time that a crucial barrier to local governments spending the proceeds of their special purpose bond (SPB) sales is the lack of shovel-ready and financially viable projects.

But Beijing is on the case.

At a Monday presser, Yang Yinkai, spokesperson for the economic p...

sources

SCIO: 国务院政策例行吹风会：介绍稳经济一揽子政策的接续政策措施图文实录

September 6, 2022

Covid lockdown disrupts supply chain

Covid lockdowns are, once again, stressing China’s supply chain. On Sunday, Chengdu – a mega-city with 21 million residents – extended its stay-at-home order for another three days after an initial three-day lockdown. This marks the second mega-city lockdown after Shanghai’s two-month lockdow…

Covid lockdowns are, once again, stressing China’s supply chain.
On Sunday, Chengdu - a mega-city with 21 million residents - extended its stay-at-home order for another three days after an initial three-day lockdown.

This marks the second mega-city lockdown after Shanghai’s two-month lockdow...

sources

Caixin: 成都大部分区域“原则居家”措施延长何时结束未通知

Bloomberg: China’s Lockdown Hits City of 6 Million; Chengdu Still Shut

Bloomberg: China’s Chengdu Extends Lockdown as Covid Persists in Megacity

September 6, 2022

Everything’s going to be a-okay

On Monday, Evergrande Group’s executive director Shawn Siu sat down for an interview with 21st Century Biz to reassure investors that Evergrande won’t get wound up. ICYDK: In June, investment holding firm Top Shine Global Ltd filed a winding-up petition against Evergrande in Hong Kong for unpaid deb…

On Monday, Evergrande Group’s executive director Shawn Siu sat down for an interview with 21st Century Biz to reassure investors that Evergrande won’t get wound up.
ICYDK: In June, investment holding firm Top Shine Global Ltd filed a winding-up petition against Evergrande in Hong Kong for unpaid deb...

sources

21st Century Biz: 21独家｜中国恒大清盘呈请未当场裁定并押后聆讯，肖恩回应

September 6, 2022

MPS crackdown on internet crime gangs

On Monday, China’s police force (MPS) led nine other ministries in announcing a new campaign against online crime. The campaign will last until the end of 2023. This particular crackdown is aimed at shutting down organized underworld gangs involved in nasty online crimes, such as: Extortion and t…

On Monday, China's police force (MPS) led nine other ministries in announcing a new campaign against online crime.

The campaign will last until the end of 2023.

This particular crackdown is aimed at shutting down organized underworld gangs involved in nasty online crimes, such as:

Extortion and t...

sources

Sina: 公安部等九部门联合部署开展打击惩治涉网黑恶犯罪专项行动

September 6, 2022

Small ride-hailing company puts CAC to the test

On Sunday, Chinese media scooped that Wanshun, a small Shenzhen-based ride-hailing platform, is aiming to list in the US by year-end. They hope to work through a special purpose acquisition company (SPAC). Why it matters: This would mark the first US IPO by a data-sensitive Chinese company s…

On Sunday, Chinese media scooped that Wanshun, a small Shenzhen-based ride-hailing platform, is aiming to list in the US by year-end.

They hope to work through a special purpose acquisition company (SPAC).

Why it matters: This would mark the first US IPO by a data-sensitive Chinese company s...

sources

STAR Market Daily: 独家！万顺叫车赴美上市

September 6, 2022

The second cut is the deepest

China’s central bank (PBoC) has fired another salvo in its fight to slow the yuan’s decline against the dollar. On Monday, the PBoC said that it will cut the reserve requirement ratio on banks’ foreign currency deposits to 6% from 8%, effective September 15. The change requires banks to hold fewer …

China’s central bank (PBoC) has fired another salvo in its fight to slow the yuan’s decline against the dollar.
On Monday, the PBoC said that it will cut the reserve requirement ratio on banks’ foreign currency deposits to 6% from 8%, effective September 15.

The change requires banks to hold fewer ...

sources

PBoC: 中国人民银行决定下调金融机构外汇存款准备金率

September 6, 2022

More of the same – for now

All hands to the pump! On Monday, central bank (PBoC) deputy governor Liu Guoqiang stressed the urgency with which regulators must strive to ensure China’s economic recovery. Speaking at a press conference, Liu said: “We are at the most difficult point of economic stabilization.” “We cannot wait to…

All hands to the pump!
On Monday, central bank (PBoC) deputy governor Liu Guoqiang stressed the urgency with which regulators must strive to ensure China’s economic recovery.
Speaking at a press conference, Liu said:

“We are at the most difficult point of economic stabilization.”
“We cannot wait to...

sources

SCIO: 国务院政策例行吹风会：介绍稳经济一揽子政策的接续政策措施

September 6, 2022

Shanghai puts the AV pedal to the metal

On Monday, the Shanghai Municipal Government announced a new plan to speed up the development of smart cars. ICYMI: Regular readers will have noted that Shanghai has pushed hard into the autonomous vehicles (AV) sector in the last couple of months, with: Dedicated special lanes for unmanned freight…

On Monday, the Shanghai Municipal Government announced a new plan to speed up the development of smart cars.
ICYMI: Regular readers will have noted that Shanghai has pushed hard into the autonomous vehicles (AV) sector in the last couple of months, with:

Dedicated special lanes for unmanned freight...

sources

Shanghai.gov: 上海市人民政府办公厅关于印发《上海市加快智能网联汽车创新发展实施方案》的通知

Reuters: Shenzhen accelerates China’s driverless car dreams

September 5, 2022

Saying the loud part out loud

On Monday, the Times published a letter to the editor from Matthew Pottinger, the Trump Administration’s National Security Council Asia Director. The short version: The letter refuted claims made in a previous Times exposé that US intelligence officials bullied the UK government into banning Huawei …

On Monday, the Times published a letter to the editor from Matthew Pottinger, the Trump Administration's National Security Council Asia Director.
The short version: The letter refuted claims made in a previous Times exposé that US intelligence officials bullied the UK government into banning Huawei ...

sources

The Times: Clear threat from China was avoided by ditching 5G deal

September 5, 2022

King coal is here to stay

On Thursday, Vice Premier Han Zheng spoke at the Taiyuan Energy Low Carbon Development Forum. Some context: Backed by the State Council, this forum is kind of a big deal. High profile participants in recent years include Premier Li Keqiang and climate czar Xie Zhenhua. Han’s (familiar) message: En…

On Thursday, Vice Premier Han Zheng spoke at the Taiyuan Energy Low Carbon Development Forum.
Some context: Backed by the State Council, this forum is kind of a big deal.

High profile participants in recent years include Premier Li Keqiang and climate czar Xie Zhenhua.

Han’s (familiar) message: En...

sources

People's Daily: 韩正出席2022年太原能源低碳发展论坛开幕式并发表主旨演讲

September 5, 2022

China’s No. 3 spreads his wings

On Sunday, state media reported that Li Zhanshu, chairman of China’s legislature (NPC), is packing for a rare trip abroad, from September 7 to 17. At the kind invitation of his counterparts, Li will visit (People’s Daily): Russia Mongolia Nepal South Korea Bonus time: In Russia, Li will attend the…

On Sunday, state media reported that Li Zhanshu, chairman of China's legislature (NPC), is packing for a rare trip abroad, from September 7 to 17.
At the kind invitation of his counterparts, Li will visit (People's Daily):

Russia
Mongolia
Nepal
South Korea

Bonus time: In Russia, Li will attend the...

sources

People.cn: 栗战书将访问俄罗斯、蒙古国、尼泊尔和韩国并在俄出席第七届东方经济论坛全会

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