string(13) "markets-macro"

Macro

August 5, 2022

Didi still in limbo

On Friday, FT reported that Didi is braced for more regulatory trouble. Some context: Only a couple of few weeks ago, China’s cybersecurity watchdog (CAC) concluded Didi’s 12-month long cybersecurity review with a whopping RMB 8 billion fine. Observers were hoping this would pave the way for Didi t… Username Password Remember Me … Read More »

Observers were hoping this would pave the way for Didi t...

sources

FT: Didi fears further retribution from China’s regulators

August 5, 2022

Left hanging after delisting

On Wednesday, SCMP reported that about a fifth of US-listed Chinese companies won’t be qualified to list in Hong Kong, citing data from CMB Wing Lung Bank. Recap: All US-listed Chinese companies – about 260 of them – are in danger of being forced to delist from the US That is if the bilateral negot…

On Wednesday, SCMP reported that about a fifth of US-listed Chinese companies won’t be qualified to list in Hong Kong, citing data from CMB Wing Lung Bank.
Recap: All US-listed Chinese companies – about 260 of them – are in danger of being forced to delist from the US

That is if the bilateral negot...

sources

SCMP: A fifth of US-listed Chinese firms probably not qualified for a Hong Kong listing, narrowing escape options, research finds

August 5, 2022

The digital economy is the future – and the future is now

On Saturday, the China Digital Financial Cooperation Forum released a report about how China’s digital economy did in H1. Quick background: The Forum is a privately-organized think tank founded earlier this year. It’s clued into government circles: former CSRC Chairman Xiao Gang delivered a keynote…

It's clued into government circles: former CSRC Chairman Xiao Gang delivered a keynote...

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

Sue, sue, sudio

On Thursday, state-owned academic publisher CNKI lost a copyright infringement lawsuit filed by Century Chaoxing. CNKI was fined RMB 196,000 for the infringement. What happened: CNKI had been charging users to read and download content owned by Century Chaoxing without authorization. This is only …

On Thursday, state-owned academic publisher CNKI lost a copyright infringement lawsuit filed by Century Chaoxing.

CNKI was fined RMB 196,000 for the infringement.

What happened: CNKI had been charging users to read and download content owned by Century Chaoxing without authorization.
This is only ...

sources

The Paper: 未经许可收录作品并提供下载，知网侵权被判赔19.6万

August 5, 2022

Industrial-internet-military

On Friday, the Southern China Morning Post reported that domestic naval contractors are running software on public industrial cloud platforms to improve the performance of China’s warships. Quick Background: The software – called Naval Hydrodynamics Oriented CFD Solvers – leverages China’s growin…

On Friday, the Southern China Morning Post reported that domestic naval contractors are running software on public industrial cloud platforms to improve the performance of China's warships.
Quick Background: The software - called Naval Hydrodynamics Oriented CFD Solvers - leverages China's growin...

sources

SCMP: China’s naval computer enlists ‘internet of cars’ for more power to design large warships

Xinhua: Xi Jinping: Work hard and firmly implement the military-civilian integration development strategy to open up a new era of deep development of military-civilian integration

August 5, 2022

Someday data asset registration will be as normal as any other paperwork

Last Friday, the Beijing International Big Data Exchange (BJIDEx) unveiled China’s first data asset registration center. Background: Ever since the Party declared data as a “factor of production” in 2020, China has been pushing hard to develop large-scale secure data trading systems. BJIDEx and oth…

Last Friday, the Beijing International Big Data Exchange (BJIDEx) unveiled China’s first data asset registration center.
Background: Ever since the Party declared data as a “factor of production” in 2020, China has been pushing hard to develop large-scale secure data trading systems.

BJIDEx and oth...

sources

Sina: 全国首个数据资产登记中心揭牌

August 5, 2022

How low can you go (on data center efficiency)?

On Tuesday, the Sichuan branch of NDRC released the implementation plan for the Chengdu-Chongqing node of the National Unified Computing Power Network (NUCPN). Background: NUCPN is China’s strategy to create an interconnected network of green data centers. If it works, it’ll make computing power ch…

On Tuesday, the Sichuan branch of NDRC released the implementation plan for the Chengdu-Chongqing node of the National Unified Computing Power Network (NUCPN).
Background: NUCPN is China's strategy to create an interconnected network of green data centers.

If it works, it'll make computing power ch...

sources

21st Century Biz: 承担“东数”“西算”双重任务，四川推进数据中心集群建设，2025年标准机架将达50万

August 4, 2022

To Russia with love

Is this the birth of a new RMB offshore market? On Tuesday, Caixin reported that Russian aluminum producer, Rusal, has issued two RMB-denominated bonds. The deets: Last Thursday and Friday, Rusal issued two separate RMB 2 billion bonds, with a coupon rate of 3.9%. This rate was over one percentage …

Is this the birth of a new RMB offshore market?
On Tuesday, Caixin reported that Russian aluminum producer, Rusal, has issued two RMB-denominated bonds.
The deets: Last Thursday and Friday, Rusal issued two separate RMB 2 billion bonds, with a coupon rate of 3.9%.

This rate was over one percentage ...

sources

Caixin: 俄罗斯试水人民币？俄铝完成40亿人民币企业债发行

August 4, 2022

Greener, literally

Greener cities are on the way. On Friday, the housing regulator (MoHURD) and macro-planner (NDRC) dropped a five-year blueprint for building urban infrastructure. That’s a lot of city planning: MoHURD and NDRC just issued Beijing’s first-ever five-year plan on urbanization a few weeks…

Greener cities are on the way.
On Friday, the housing regulator (MoHURD) and macro-planner (NDRC) dropped a five-year blueprint for building urban infrastructure.
That’s a lot of city planning: MoHURD and NDRC just issued Beijing’s first-ever five-year plan on urbanization a few weeks...

sources

Gov.cn: 住房和城乡建设部国家发展改革委关于印发“十四五”全国城市基础设施建设规划的通知

August 4, 2022

Dim sum surprise

It’s been a rough few years for Hong Kong’s offshore RMB market, but things are looking up. On Saturday, the FT reported that the amount raised from issuance of dim sum bonds – RMB-denominated debt sold in Hong Kong – is up 145% from this time last year. As of end-July, RMB 126.8 billion worth… Read More »

It’s been a rough few years for Hong Kong’s offshore RMB market, but things are looking up.
On Saturday, the FT reported that the amount raised from issuance of dim sum bonds – RMB-denominated debt sold in Hong Kong – is up 145% from this time last year.

As of end-July, RMB 126.8 billion worth of d...

sources

FT: China’s ‘dim sum’ bond sales surge on demand from domestic investors

August 4, 2022

Purposeless

Local governments simply can’t find ways to put infrastructure funds to work. As of Wednesday, at least ten provinces had published audits of 2021 budget implementation. The key takeaway: Last year, local governments did a shoddy job deploying special-purpose bonds (SPBs), which are earmarked speci…

Local governments simply can’t find ways to put infrastructure funds to work.
As of Wednesday, at least ten provinces had published audits of 2021 budget implementation.

The key takeaway: Last year, local governments did a shoddy job deploying special-purpose bonds (SPBs), which are earmarked speci...

sources

Sohu: 地方审计报告披露专项债使用问题：资金闲置与超进度拨付问题并存，有的用于违规发工资

Caixin: 多省份审计披露政府过紧日子落实不到位专项债资金闲置或被挪用

August 4, 2022

(Working) Holiday in Cambodia

On Wednesday, Foreign Minister Wang Yi met with Cambodian Prime Minister Hun Sen, in Phnom Penh. China’s read-out of the meeting led with a message from Hun Sen, on the topic du jour (Xinhua): “Cambodia firmly adheres to the One China principle and believes that Taiwan is an inalienable part of Chi…

On Wednesday, Foreign Minister Wang Yi met with Cambodian Prime Minister Hun Sen, in Phnom Penh.
China's read-out of the meeting led with a message from Hun Sen, on the topic du jour (Xinhua):

"Cambodia firmly adheres to the One China principle and believes that Taiwan is an inalienable part of Chi...

sources

Xinhua: 柬埔寨首相洪森会见王毅

Global Times: Wang Yi has no plan to meet Blinken during ASEAN meetings amid tensions caused by Pelosi’s trip to Taiwan island

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162