string(13) "markets-macro"

Macro

August 10, 2022

SIC talks big, big savings on the East-West project

On Tuesday, the State Information Center (SIC) talked up the big energy savings to be had under the national “Eastern Data, Western Computing” (EDWC) project. Recap: The EDWC aims to take data from China’s urban east, and redirect it to newly constructed data center hubs in the underdeveloped west.&… Username Password Remember Me … Read More »

On Tuesday, the State Information Center (SIC) talked up the big energy savings to be had under the national “Eastern Data, Western Computing” (EDWC) project.
Recap: The EDWC aims to take data from China’s urban east, and redirect it to newly constructed data center hubs in the underdeveloped west.&...

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C114: 国家信息中心单志广：“东数西算”仍存两大挑战

Trivium: Guizhou wants to become a major big data hub, fast.

Greenpeace: Electricity consumption from China’s digital sector on track to increase 289% by 2035: Greenpeace

STDaily: 数据中心“变绿” 节能降耗势在必行

Sina: “东数西算”每年带动投资或超4000亿元

August 10, 2022

More options for soy traders

On Monday, the Dalian Commodities Exchange (DCE) launched options trading for soybean and soybean oil futures. The securities regulator (CSRC) approved the move on July 29. ICYDK: Beijing has spent the last decade slowly rolling out reforms aimed at making the DCE a world-class ag commodities exch…

On Monday, the Dalian Commodities Exchange (DCE) launched options trading for soybean and soybean oil futures.

The securities regulator (CSRC) approved the move on July 29.

ICYDK: Beijing has spent the last decade slowly rolling out reforms aimed at making the DCE a world-class ag commodities exch...

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Yicai: 黄大豆1号、黄大豆2号和豆油期权8日在大商所挂牌上市，大豆产业链系列品种实现期货期权产品全覆盖

Economic Daily: 国产大豆定价权谁说了算

August 10, 2022

Under the hood of SOE digital transformation

On Monday, the Tencent Research Institute teamed up with China’s state asset manager (SASAC) to release a study on how China’s state-owned enterprises (SOEs) are doing with the whole digital transformation thing. The unsurprising answer: Not super well. Background: The study is based on surveys Te…

On Monday, the Tencent Research Institute teamed up with China's state asset manager (SASAC) to release a study on how China's state-owned enterprises (SOEs) are doing with the whole digital transformation thing.
The unsurprising answer: Not super well.
Background: The study is based on surveys Te...

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Tencent: 央国企数字化转型的进展、障碍与建议

August 10, 2022

BIS goes after Far Eastern Cable

On Monday, the US Department of Commerce’s Bureau of Industry and Security (BIS) announced 18 charges against Chinese company Far East Cable for facilitating sales of telecoms equipment to Iran. The company is accused of operating as a proxy for telecoms giant ZTE between 2014-16. Who? Far East Ca…

On Monday, the US Department of Commerce’s Bureau of Industry and Security (BIS) announced 18 charges against Chinese company Far East Cable for facilitating sales of telecoms equipment to Iran.

The company is accused of operating as a proxy for telecoms giant ZTE between 2014-16.

Who? Far East Ca...

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Reuters: U.S. accuses Chinese company of helping ZTE hide business with Iran

BIS: BIS ISSUES CHARGING LETTER AGAINST CHINESE COMPANY FAR EAST CABLE FOR VIOLATING U.S. EXPORT CONTROLS RELATED TO SHIPMENTS TO IRAN

August 10, 2022

MPS cracks down on fake healthcodes

On Monday, China’s police force (MPS) announced a recent crackdown on fake health code software. ICYMI: Smartphone app ‘health codes’ — which display Covid testing and vaccination history — are an ever-present feature of life in China right now. They’re needed for entry into most public buildings, …

On Monday, China’s police force (MPS) announced a recent crackdown on fake health code software.
ICYMI: Smartphone app ‘health codes’ — which display Covid testing and vaccination history — are an ever-present feature of life in China right now.

They’re needed for entry into most public buildings, ...

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The Paper: 公安部：严厉打击开发、制售、使用虚假防疫软件违法犯罪

August 10, 2022

CAC crypto crackdown recap

Yesterday, the CAC took a moment to pat itself on the back for all the awesome cryptocurrency crackdowns it has launched since January. Quick context: Last September, Chinese regulators banned virtually all crypto-related activities. While it is not outright illegal to own cryptocurrency, doing pre…

Yesterday, the CAC took a moment to pat itself on the back for all the awesome cryptocurrency crackdowns it has launched since January.
Quick context: Last September, Chinese regulators banned virtually all crypto-related activities.

While it is not outright illegal to own cryptocurrency, doing pre...

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CAC: 国家网信办集中整治涉虚拟货币炒作乱象

August 10, 2022

Borrowing blues

China’s property woes are choking off a once thriving corner of the country’s bond market. On Monday, Bloomberg reported that the issuance of residential mortgage-backed securities (RMBS) has plunged 92% this year to RMB 24.5 billion. The total value of outstanding RMBS is now around RMB 1.2 trilli…

China’s property woes are choking off a once thriving corner of the country’s bond market.
On Monday, Bloomberg reported that the issuance of residential mortgage-backed securities (RMBS) has plunged 92% this year to RMB 24.5 billion.

The total value of outstanding RMBS is now around RMB 1.2 trilli...

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Bloomberg: China Property Woes Spark Longest Mortgage Debt Halt Since 2015

August 10, 2022

Trust, but verify

The state auditor has set its sights on shadow banking. On Tuesday, Bloomberg reported that the National Audit Office (NAO) has launched an audit of 20 of China’s trust companies to gauge whether they threaten financial stability. The deets: Citing unnamed sources, Bloomberg reported the audit has b…

The state auditor has set its sights on shadow banking.
On Tuesday, Bloomberg reported that the National Audit Office (NAO) has launched an audit of 20 of China’s trust companies to gauge whether they threaten financial stability.
The deets: Citing unnamed sources, Bloomberg reported the audit has b...

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Bloomberg: China Orders Surprise Audit of $3 Trillion Trust Industry

August 10, 2022

Quick take | Beach livin’

After a tense week for US-China relations centered on developments around Taiwan, we expect the next two weeks to be relatively quiet on the macro-policy front in China. The reason: Leaders appear to be on their annual retreat at the northeast seaside resort town of Beidaihe – about 300 km due …

After a tense week for US-China relations centered on developments around Taiwan, we expect the next two weeks to be relatively quiet on the macro-policy front in China.
The reason: Leaders appear to be on their annual retreat at the northeast seaside resort town of Beidaihe – about 300 km due ...

August 10, 2022

The cavalry arrives in Zhengzhou

Mayday, mayday. On August 9, The Paper scooped that Zhengzhou, the capital of Henan province, has officially launched its property bailout fund. ICYMI: On Monday, we flagged that Henan Asset Management – an asset management company (AMC) in central Henan – had set up a bailout fund for developers in…

Mayday, mayday.
On August 9, The Paper scooped that Zhengzhou, the capital of Henan province, has officially launched its property bailout fund.
ICYMI: On Monday, we flagged that Henan Asset Management – an asset management company (AMC) in central Henan – had set up a bailout fund for developers in...

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CQN: 郑州设立100亿房地产纾困基金所救项目须“资能抵债”

August 9, 2022

China cancels the US

It was only a matter of time. On Friday, China’s foreign ministry (MoFA) announced a new series of countermeasures against the US in retaliation for US Speaker of the House Nancy Pelosi’s visit to Taiwan last week. MoFA kicked things off by announcing that China had sanctioned Pelosi and her family …

It was only a matter of time.
On Friday, China’s foreign ministry (MoFA) announced a new series of countermeasures against the US in retaliation for US Speaker of the House Nancy Pelosi’s visit to Taiwan last week.
MoFA kicked things off by announcing that China had sanctioned Pelosi and her family ...

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MoFA: Foreign Ministry Spokesperson Announces China’s Sanctions on U.S. House Speaker Nancy Pelosi

MoFA: The Ministry of Foreign Affairs Announces Countermeasures in Response to Nancy Pelosi’s Visit to Taiwan

The Paper: 国防部就中方取消中美两军三项交往活动及美媒有关炒作答问

August 9, 2022

COVID resurgence jeopardizes tourism recovery

COVID-19 continues spreading across the country. In the first week of August, China reported (NHC): 3,494 new domestically transmitted infections, up from 3,474 in the previous 7-day period Some context: A large proportion of these new cases were reported in tourist hotspots. Hainan reported 1,49…

COVID-19 continues spreading across the country.
In the first week of August, China reported (NHC):

3,494 new domestically transmitted infections, up from 3,474 in the previous 7-day period

Some context: A large proportion of these new cases were reported in tourist hotspots.

Hainan reported 1,49...

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NHC: 截至8月7日24时新型冠状病毒肺炎疫情最新情况

The Paper: 西藏拉萨发现18名阳性人员，详情公布

The Paper: 三亚8月4日零时起进入区域管控状态，解除时间另行通知

The Paper: 西藏日喀则：全域实行静默管理、人员不进不出，暂定实施3天

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