string(13) "markets-macro"

Macro

August 29, 2022

New kid on the PBoC block

Changes are afoot at China’s central bank. Veteran banker Zhang Qingsong recently began work as one of five deputy governors (four, plus party chief Guo Shuqing) at the People’s Bank of China (PBoC), Caixin reported on Wednesday. His appointment hasn’t been officially announced, but that should co… Username Password Remember Me Forgot Password

Changes are afoot at China's central bank.
Veteran banker Zhang Qingsong recently began work as one of five deputy governors (four, plus party chief Guo Shuqing) at the People’s Bank of China (PBoC), Caixin reported on Wednesday.

His appointment hasn't been officially announced, but that should co...

sources

Caixin Global: Exclusive: PBOC Likely to Name Zhang Qingsong as New Deputy Governor

MOE: 陈雨露同志任南开大学校长

August 29, 2022

That fiscal firepower

The government is rummaging deep into its fiscal toolbox to support the economy, but it’s not ready to throw the kitchen sink at it…yet. As we wrote on Thursday, Premier Li Keqiang has ordered local governments to deploy another RMB 500 billion in special purpose bonds (SPBs) and issue them by en…

The government is rummaging deep into its fiscal toolbox to support the economy, but it's not ready to throw the kitchen sink at it...yet.
As we wrote on Thursday, Premier Li Keqiang has ordered local governments to deploy another RMB 500 billion in special purpose bonds (SPBs) and issue them by en...

sources

Gov.cn: 李克强主持召开国务院常务会议部署稳经济一揽子政策的接续政策措施加力巩固经济恢复发展基础等

August 29, 2022

Beijing court forces LeTV to pay fine

On Friday, Beijing’s local court issued an order forcing LeTV to pay overdue fines issued by China’s securities regulator (CSRC) over a year ago. Some context: In April 2021, CSRC issued two RMB 240 million fines – one to LeTV and one to its founder Jia Yueting – for fraudulently reporting fin…

On Friday, Beijing’s local court issued an order forcing LeTV to pay overdue fines issued by China’s securities regulator (CSRC) over a year ago.
Some context: In April 2021, CSRC issued two RMB 240 million fines - one to LeTV and one to its founder Jia Yueting - for fraudulently reporting fin...

sources

Sohu: 因连续十年财务造假，乐视网2.4亿罚款被准予强制执行

IT Home: 乐视回应被强制执行 2.4 亿罚款：路要一步一步走，债要一点点还

Sina: 乐视称400名员工生存不靠甄嬛传贾跃亭不再是乐视网大股东？

August 29, 2022

More chips to fall

On Friday, Caixin reported that Liang Sheng – a local Beijing official in charge of the city’s semiconductor development – has recently been arrested for corruption. But the post has already been deleted. It’s unclear if it has been censored or removed by the author. But something’s cl…

On Friday, Caixin reported that Liang Sheng – a local Beijing official in charge of the city’s semiconductor development – has recently been arrested for corruption.

But the post has already been deleted.
It's unclear if it has been censored or removed by the author.

But something's cl...

sources

Caixin: 北京经开区原管委会主任梁胜被调查

Xinhua: 北京经济技术开发区亮相SEMICON China 2021

Qichacha: 国家集成电路产业投资基金股份有限公司

August 29, 2022

Baidu maps and autonomous driving just got a big-time state boost

Last week, the Ministry of Transport (MoT) released Opinions laying out a broad pilot program for building a “strong transportation nation.” The big news: Baidu was tapped to handle an expansion of national precision mapping systems. This is a big deal. High-precision mapping is considered sensitive…

Last week, the Ministry of Transport (MoT) released Opinions laying out a broad pilot program for building a “strong transportation nation."
The big news: Baidu was tapped to handle an expansion of national precision mapping systems.
This is a big deal. High-precision mapping is considered sensitive...

sources

MoT: 交通运输部关于北京百度网讯科技有限公司开展高精地图构建等交通强国建设试点工作的意见

August 29, 2022

Tutoring with Alexa

According to Chinese media reports on Friday, sales of AI-powered home education devices are booming. For example, AI leader iFLYTEK reported its sales of such devices – mainly tablets – more than doubled in the last half-year. Well-known names including Baidu and Netease, along with companies incl…

According to Chinese media reports on Friday, sales of AI-powered home education devices are booming.

For example, AI leader iFLYTEK reported its sales of such devices – mainly tablets – more than doubled in the last half-year.
Well-known names including Baidu and Netease, along with companies incl...

sources

21st Century Biz: 巨头纷纷入场：学习机接棒千亿教培市场？

August 29, 2022

Bright futures await

China’s derivatives markets is set for another phase of opening up. That’s according to Fang Xinghai, vice chairman of China’s securities regulator (CSRC). In a speech to a derivatives forum, he said the agency would: Promote the two-way opening of the market for Chinese government bond futures Al…

China’s derivatives markets is set for another phase of opening up.
That's according to Fang Xinghai, vice chairman of China’s securities regulator (CSRC).
In a speech to a derivatives forum, he said the agency would:

Promote the two-way opening of the market for Chinese government bond futures
Al...

sources

Caixin: 方星海：推动国债期货双向开放

August 29, 2022

Another two bite the dust

This is not something you see every day. China’s banking regulator (CBIRC) has agreed in principle to allow two small rural banks in the northeastern rustbelt province of Liaoning to enter bankruptcy proceedings, Caixin reported on Saturday. The banks are: Liaoyang Rural Commercial Bank Liaoning Ta…

This is not something you see every day.
China’s banking regulator (CBIRC) has agreed in principle to allow two small rural banks in the northeastern rustbelt province of Liaoning to enter bankruptcy proceedings, Caixin reported on Saturday.
The banks are:

Liaoyang Rural Commercial Bank
Liaoning Ta...

sources

Caixin: Two Rural Lenders in Northeastern China Set to Enter Bankruptcy

August 29, 2022

The metaverse gets technical

Roll out the virtual red carpet – there’s a new standards-making committee in town. On Thursday, the Extended Reality Industry and Standards Promotion Committee – aka TC625 – held its inaugural meeting. The committee is tasked with formulating the technical standards that will underpin the “extend…

Roll out the virtual red carpet - there's a new standards-making committee in town.
On Thursday, the Extended Reality Industry and Standards Promotion Committee - aka TC625 - held its inaugural meeting.

The committee is tasked with formulating the technical standards that will underpin the "extend...

sources

People.cn: 扩展现实产业异军突起行业标准实施助推行业健康发展

August 29, 2022

Keep on Truckin’ – Part 2

On Friday, the Ministry of Transport (MoT) met with freight-hailing platforms to have a chat about their business practices. Who was there: All the big names in the freight platform business, including Full Truck Alliance (Manbang), Huolala , Didi Freight, and GogoX. Background: Autho…

On Friday, the Ministry of Transport (MoT) met with freight-hailing platforms to have a chat about their business practices.
Who was there: All the big names in the freight platform business, including Full Truck Alliance (Manbang), Huolala , Didi Freight, and GogoX.
Background: Autho...

sources

MoT: 交通运输新业态协同监管部际联席会议办公室约谈主要货运平台公司

August 26, 2022

Xi wins another (theoretical) battle

The Party just popped out yet another Xi Jinping book. This isn’t some late summer beach read – it’s more evidence of Xi’s pre-eminence ahead of the Party Congress. The new title: A Q&A volume on Xi Jinping Thought on Strengthening the Military (XJPTSM). Sound the bugle: A new study campaign w…

The Party just popped out yet another Xi Jinping book.

This isn't some late summer beach read – it's more evidence of Xi’s pre-eminence ahead of the Party Congress.

The new title: A Q&A volume on Xi Jinping Thought on Strengthening the Military (XJPTSM).
Sound the bugle: A new study campaign w...

sources

People.cn: https://wap.peopleapp.com/article/6845292/6711750

Xinhua: Circular urges study of book on Xi Jinping's thinking on armed forces

August 26, 2022

Less talk, more ROK

On Wednesday, Premier Li Keqiang virtually addressed a China-South Korea business forum marking the 30th anniversary of diplomatic ties. Some context: China has been expending a LOT of diplomatic capital on locking down relations with Seoul in recent months. Also on Wednesday, Xi Jinping and South …

On Wednesday, Premier Li Keqiang virtually addressed a China-South Korea business forum marking the 30th anniversary of diplomatic ties.
Some context: China has been expending a LOT of diplomatic capital on locking down relations with Seoul in recent months.

Also on Wednesday, Xi Jinping and South ...

sources

Gov.cn: Premier Li says China ready to work with ROK to promote healthy, stable bilateral ties

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