string(13) "markets-macro"

Macro

August 18, 2022

Protesting from a moral high ground, but still in vain

On Wednesday, the China Semiconductor Industry Association (CSIA) issued their own attack against the passage of the US “Chips Act”. They joined the barrage of indignation from the Chinese government, media and society. ICYMI: The US Chip and Science Act provides generous subsidies to semiconduct… Username Password Remember Me Forgot Password

On Wednesday, the China Semiconductor Industry Association (CSIA) issued their own attack against the passage of the US “Chips Act”.

They joined the barrage of indignation from the Chinese government, media and society.

ICYMI: The US Chip and Science Act provides generous subsidies to semiconduct...

sources

CSIA: 关于美国出台《2022年芯片与科学法》的声明

August 18, 2022

Sharing the 5G wealth

Well, that’s gotta feel good. This week, China Mobile and China Telecom published their interim reports, announcing a higher percentage of net profits would be paid out to investors: China Mobile said it would boost its annual dividend payout ratio to 60% from 50%. China Telecom said the payout rat…

Well, that's gotta feel good.
This week, China Mobile and China Telecom published their interim reports, announcing a higher percentage of net profits would be paid out to investors:

China Mobile said it would boost its annual dividend payout ratio to 60% from 50%.
China Telecom said the payout rat...

sources

Nikkei: China state telecom carriers raise dividends as 5G investment wanes

August 18, 2022

Flash talk | Gigabit cities

The “race to 5G” gets all the media attention, but China is engaged in an equally important (but slightly less sexy) push to roll out gigabit-speed fiber broadband nationwide. Trivium Partner Kendra Schaefer and tech analyst Matt Dagher-Margosian bring you up to speed on the state of gigabit fiber i…

The "race to 5G" gets all the media attention, but China is engaged in an equally important (but slightly less sexy) push to roll out gigabit-speed fiber broadband nationwide. Trivium Partner Kendra Schaefer and tech analyst Matt Dagher-Margosian bring you up to speed on the state of gigabit fiber i...

August 18, 2022

Property pimps

In some places, property sales are becoming a whole-of-government responsibility. On Wednesday, local media reported that two counties have exhorted local officials to either purchase housing themselves or encourage their friends and family to do so. Yicai reported that the Party committee leader of…

In some places, property sales are becoming a whole-of-government responsibility.
On Wednesday, local media reported that two counties have exhorted local officials to either purchase housing themselves or encourage their friends and family to do so.
Yicai reported that the Party committee leader of...

sources

Yicai: 湖南常德一县委书记鼓励干部带头购房，号召大家“买了三套买四套”

The Paper: 安徽泗县发布共创房地产业繁荣倡议书：倡议公职人员发动亲友参与购房

August 18, 2022

When the bailout isn’t enough

That’s gotta sting. On Tuesday, China Huarong Asset Management warned that it will likely post a loss of RMB 18.9 billion for H1 2022. Having made a RMB 103 billion loss in 2020, Huarong managed to eke out a profit last year. The company posted a net profit of RMB 158 million in H1 2021,… Read More »

That’s gotta sting.
On Tuesday, China Huarong Asset Management warned that it will likely post a loss of RMB 18.9 billion for H1 2022.
Having made a RMB 103 billion loss in 2020, Huarong managed to eke out a profit last year.

The company posted a net profit of RMB 158 million in H1 2021, and RMB 37...

sources

HKEX: Major Transaction Disposal Of The Equity Interests In Huarong Trust

HKEX: Profit Warning

August 18, 2022

Right off a cliff

On Thursday, an op-ed in state media suggested that social media platforms should take partial responsibility for tourists who hurt themselves while taking selfies. Yes, really. Some context: The article was released in response to a spate of accidents involving netizens who had seen a photogenic …

On Thursday, an op-ed in state media suggested that social media platforms should take partial responsibility for tourists who hurt themselves while taking selfies.

Yes, really.

Some context: The article was released in response to a spate of accidents involving netizens who had seen a photogenic ...

sources

Sina: 平台无序分享或需承担共同侵权责任

August 18, 2022

Tencent shuts down NFT arm to avoid regulatory risk

On Monday, Tencent announced that it has halted trading on its non-fungible token (NFT) platform, Magic Core (Huanhe) – one of China’s largest NFT marketplaces. No new NFTs will be issued. Users can still ask for refunds for existing holdings on the platform. Why: Tencent said a lack of clear regu…

On Monday, Tencent announced that it has halted trading on its non-fungible token (NFT) platform, Magic Core (Huanhe) - one of China's largest NFT marketplaces.

No new NFTs will be issued.
Users can still ask for refunds for existing holdings on the platform.

Why: Tencent said a lack of clear regu...

sources

Sina: 腾讯幻核自8月16日起停止数字藏品发行

August 18, 2022

Leave a light on

On Wednesday, Executive Vice Premier Han Zheng helmed a State Grid symposium to talk about – what else? – keeping the power on. ICYMI: Record-breaking heatwaves and drought-induced hydropower shortages drove Jiangsu, Sichuan, and Anhui to start restricting industrial power consumption last week. If…

On Wednesday, Executive Vice Premier Han Zheng helmed a State Grid symposium to talk about – what else? – keeping the power on.
ICYMI: Record-breaking heatwaves and drought-induced hydropower shortages drove Jiangsu, Sichuan, and Anhui to start restricting industrial power consumption last week.

If...

sources

Xinhua: 韩正在国家电网召开座谈会强调加强政策支持狠抓工作落实进一步做好能源电力供应保障

August 18, 2022

Way beyond a reasonable drought

Vice Premier Hu Chunhua made his post-Beidaihe debut on Tuesday, joining a routine work meeting on agricultural policy. Why it matters: Top leaders’ first appearances after the annual Beidaihe retreat telegraph Beijing’s policy priorities. Shoring up food security was top of mind for Hu. And one of …

Vice Premier Hu Chunhua made his post-Beidaihe debut on Tuesday, joining a routine work meeting on agricultural policy.
Why it matters: Top leaders’ first appearances after the annual Beidaihe retreat telegraph Beijing’s policy priorities.
Shoring up food security was top of mind for Hu.
And one of ...

sources

Gov.cn: 国家防总针对6省份启动抗旱四级应急响应

The Paper: 专访｜水科院专家：初步预判长江流域旱情将持续和加剧，风险总体可控

Gov.cn: 胡春华强调:抓紧抓实秋粮生产努力夺取全年粮食丰收

August 18, 2022

MIIT, MoF kick off SME digital transformation pilot

Yesterday, MIIT and the Ministry of Finance (MoF) announced a new SME digital transformation pilot. The goal is to figure out how to bring small and medium-sized manufacturers into the burgeoning digital economy. That means systematically digitizing their operations, using sensors, 5G, automation, …

Yesterday, MIIT and the Ministry of Finance (MoF) announced a new SME digital transformation pilot.
The goal is to figure out how to bring small and medium-sized manufacturers into the burgeoning digital economy.

That means systematically digitizing their operations, using sensors, 5G, automation, ...

sources

MIIT: 两部门关于开展财政支持中小企业数字化转型试点工作的通知

August 17, 2022

Robotruck deal kicks off push to commercialize automated trucking

Autonomous vehicles in China are turning the commercialization corner. On Wednesday, cold chain logistics giant Rongqing Logistics signed an order for 100 heavy-duty self-driving trucks from Plus.ai. It is the largest ever order of its kind. Background: The Ministry of Transport announced draft gu…

Autonomous vehicles in China are turning the commercialization corner.
On Wednesday, cold chain logistics giant Rongqing Logistics signed an order for 100 heavy-duty self-driving trucks from Plus.ai.

It is the largest ever order of its kind.

Background: The Ministry of Transport announced draft gu...

sources

Sina: 国内最大规模自动驾驶重卡订单首批交付，商业化后仍有挑战

China Transport News Net: 100辆！批量前装自动驾驶重卡交付荣庆物流

Cheyun: 自动驾驶干线物流提速，智加开启100台前装量产智能重卡订单交付

August 17, 2022

History proves the Party prevails

On Tuesday, Xi Jinping reappeared in public after a two-week absence, in which we assume he was chilling with other Party bigwigs on the beach at Beidaihe. Xi’s first stop: Jinzhou, Liaoning. History lesson: Jinzhou was the key battleground of the 1948 Liaoshen campaign, a crucial offensive in the c…

On Tuesday, Xi Jinping reappeared in public after a two-week absence, in which we assume he was chilling with other Party bigwigs on the beach at Beidaihe.
Xi’s first stop: Jinzhou, Liaoning.
History lesson: Jinzhou was the key battleground of the 1948 Liaoshen campaign, a crucial offensive in the c...

sources

People.cn: 习近平辽宁行丨决战决胜红色传承——首站走进辽沈战役纪念馆

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