string(13) "markets-macro"

Macro

August 8, 2022

All the giga ladies, all the giga ladies

On Friday, Tencent and ICT media outlet C114 teamed up to release a white paper on the demographics of China’s 5G and gigabit fiber users. What jumped out: The large majority of broadband users upgrading to gigabit subscriptions are largely middle-aged married women. Why: Chinese women tradit… Username Password Remember Me Forgot Password

On Friday, Tencent and ICT media outlet C114 teamed up to release a white paper on the demographics of China's 5G and gigabit fiber users.
What jumped out: The large majority of broadband users upgrading to gigabit subscriptions are largely middle-aged married women.
Why: Chinese women tradit...

sources

C114: 5G时代的新机会腾讯联合C114发布运营商行业白皮书

August 8, 2022

Huawei’s silver linings playbook

Last week, Thailand’s National Cyber Security Agency signed a Memorandum of Understanding (MOU) with Huawei on cybersecurity training for Thai IT personnel. Thailand’s Minister of Digital Economy and Society, Chaiwut Thanakamanusorn was effusive in his praise for Huawei’s latest move, saying: …

Last week, Thailand’s National Cyber Security Agency signed a Memorandum of Understanding (MOU) with Huawei on cybersecurity training for Thai IT personnel.
Thailand's Minister of Digital Economy and Society, Chaiwut Thanakamanusorn was effusive in his praise for Huawei's latest move, saying:
...

sources

Bangkok Post: National Cyber Security Agency signs MoU with Huawei

Nikkei: Huawei's 5G deal with Indonesia spearheads Southeast Asia push

Huawei: 2021 Annual Report

August 5, 2022

We aren’t there yet?

Ride-hailing giant Didi Global’s regulatory nightmare just keeps on truckin’. On Friday, the FT reported that management remains concerned the company’s in line for additional sanctions from regulators. Some context: Just a few weeks ago, China’s cybersecurity watchdog (CAC) concluded Didi’s 12-mon…

Ride-hailing giant Didi Global's regulatory nightmare just keeps on truckin'.
On Friday, the FT reported that management remains concerned the company's in line for additional sanctions from regulators.
Some context: Just a few weeks ago, China’s cybersecurity watchdog (CAC) concluded Didi’s 12-mon...

sources

FT: Didi fears further retribution from China’s regulators

August 5, 2022

Goodbye, for now

Foreign investors are ditching China. That’s per the Institute of International Finance (IIF), which reported that China’s debt and equity markets experienced net foreign outflows in July. We’re still waiting for the official deets. Some context: February of this year was the first month since&nbs…

Foreign investors are ditching China.
That’s per the Institute of International Finance (IIF), which reported that China's debt and equity markets experienced net foreign outflows in July.

We're still waiting for the official deets.

Some context: February of this year was the first month since&nbs...

sources

SCMP: China debt: foreign investors cut Chinese bonds, dumped equities in July, IIF says

Institute of International Finance: IIF Capital Flows Tracker - August 2022

August 5, 2022

Reining in financial sector pay

Austerity, that’s the spirit! Senior executives at China’s state-owned financial institutions face pay caps – and less fun all round. On Wednesday, the finance ministry (MoF) issued a notice to tighten fiscal prudence at such institutions. Less travel, no premium booze, nor fancy furniture. The noti…

Austerity, that's the spirit!
Senior executives at China's state-owned financial institutions face pay caps – and less fun all round.
On Wednesday, the finance ministry (MoF) issued a notice to tighten fiscal prudence at such institutions.
Less travel, no premium booze, nor fancy furniture. The noti...

sources

Gov.cn: 关于进一步加强国有金融企业财务管理的通知

SCMP: Beijing moves to cap financial sector pay again, with finance ministry urging firms to balance incomes of senior staff, frontline employees

August 5, 2022

Déjà Vu

As the economy slows, financial shenanigans are becoming harder to hide. On Thursday, Bloomberg reported that USD 490 million worth of copper posted as loan collateral is missing from a warehouse in Hebei where it was being stored. The deets: A group of more than a dozen, mostly state-owned, compani…

As the economy slows, financial shenanigans are becoming harder to hide.
On Thursday, Bloomberg reported that USD 490 million worth of copper posted as loan collateral is missing from a warehouse in Hebei where it was being stored.
The deets: A group of more than a dozen, mostly state-owned, compani...

sources

Bloomberg: Copper Worth Nearly Half a Billion Dollars Goes Missing in China

August 5, 2022

Game’s over

Time for an Evergrande update! On Thursday, China Evergrande Group said it cancelled a contract to build a soccer stadium in Guangzhou and will receive a RMB 5.52 billion refund from the city government. As the world’s most indebted property developer, Evergrande could do with the cash, but sadly it…

Time for an Evergrande update!
On Thursday, China Evergrande Group said it cancelled a contract to build a soccer stadium in Guangzhou and will receive a RMB 5.52 billion refund from the city government.
As the world's most indebted property developer, Evergrande could do with the cash, but sadly it...

sources

HKEX: Major Transaction Return Of Land Use Right Of Guangzhou Evergrande Football Stadium

HKEX: Inside Information

August 5, 2022

Digital dividends

China’s digital economy may be even more important than we think. On Saturday, the China Digital Financial Cooperation Forum released a report about how China’s digital economy fared in H1. Quick background: The Forum is a privately-organized think tank founded this year that is clued into governmen…

China's digital economy may be even more important than we think.
On Saturday, the China Digital Financial Cooperation Forum released a report about how China’s digital economy fared in H1.
Quick background: The Forum is a privately-organized think tank founded this year that is clued into governmen...

sources

21st Century Biz: 2022上半年我国数字经济形势分析报告发布：四大视角洞悉趋势

Gov.cn: 国务院关于印发 “十四五”数字经济发展规划的通知

August 5, 2022

Sharing a home

You know what’s better than home ownership? Joint home ownership. On Monday, the government of Dali, a tourist hotspot in southwestern Yunnan province, introduced a new twist on the joint ownership property model to try and boost housing sales. Joint ownership isn’t new: It was first piloted in 2…

You know what’s better than home ownership?

Joint home ownership.

On Monday, the government of Dali, a tourist hotspot in southwestern Yunnan province, introduced a new twist on the joint ownership property model to try and boost housing sales.
Joint ownership isn’t new:

It was first piloted in 2...

sources

Gov.cn: 大理白族自治州人民政府关于印发促进房地产业平稳健康发展的实施意见的通知

21st Century Biz: 大理买房支持“半购半租”，全国共有产权房已落地20余城

August 5, 2022

Going ballistic

Well, it’s resolute countermeasures day…again. The story so far: On Tuesday, US Speaker of the House Nancy kicked off a visit to Taiwan despite the mainland’s strenuous objections. In response, Beijing announced several retaliatory actions including blocking certain Taiwanese imports and exports an…

Well, it’s resolute countermeasures day…again.
The story so far: On Tuesday, US Speaker of the House Nancy kicked off a visit to Taiwan despite the mainland’s strenuous objections.

In response, Beijing announced several retaliatory actions including blocking certain Taiwanese imports and exports an...

sources

Bloomberg: China Likely Fired Missiles Over Taiwan in High-Risk Milestone

August 5, 2022

Wang Yi lectures the G7

Foreign Minister Wang Yi isn’t having it. On Thursday, Wang responded forcefully to a statement by the foreign ministers of the G7 (Canada, France, Germany, Italy, Japan, the UK, and the US) criticizing Beijing for its reaction to US Speaker of the House Nancy Pelosi’s visit to Taiwan. ICYMI: The G7…

Foreign Minister Wang Yi isn’t having it.
On Thursday, Wang responded forcefully to a statement by the foreign ministers of the G7 (Canada, France, Germany, Italy, Japan, the UK, and the US) criticizing Beijing for its reaction to US Speaker of the House Nancy Pelosi’s visit to Taiwan.
ICYMI: The G7...

sources

MoFA: Wang Yi Firmly Refutes the Taiwan-related Statement by G7

Reuters: China scolds G7 foreign ministers over Taiwan statement

US State Department: G7 Foreign Ministers’ Statement on Preserving Peace and Stability Across the Taiwan Strait

Reuters: China foreign minister walks out moments before ASEAN meeting gala dinner

August 5, 2022

(Targeted) common prosperity

In the year since Xi Jinping set out his goal of Common Prosperity, there’s been plenty of debate about what this initiative means in practice. On Friday, Tang Dengjie, the Minister of Civil Affairs (MCA), splashed his tuppence worth all over the front page of Study Times, the Central Party School’s…

In the year since Xi Jinping set out his goal of Common Prosperity, there's been plenty of debate about what this initiative means in practice.
On Friday, Tang Dengjie, the Minister of Civil Affairs (MCA), splashed his tuppence worth all over the front page of Study Times, the Central Party School’s...

sources

Study Times: 新时代民政事业发展取得历史性成就

Qiushi: 习近平：促进我国社会保障事业高质量发展、可持续发展

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