string(13) "markets-macro"

Macro

August 4, 2022

Drill, baby, drill

US Speaker of the House Nancy Pelosi may have left Taiwan, but Beijing’s “stern countermeasures” are just getting started. Quick recap: Pelosi touched down in Taipei on Tuesday night after widespread speculation about what steps the mainland might take to stop her. Pelosi’s successful visit sparked… Username Password Remember Me Forgot Password

US Speaker of the House Nancy Pelosi may have left Taiwan, but Beijing’s “stern countermeasures” are just getting started.
Quick recap: Pelosi touched down in Taipei on Tuesday night after widespread speculation about what steps the mainland might take to stop her.

Pelosi’s successful visit sparked...

sources

SCMP: Developing | Mainland China military conducts precision strikes over Taiwan Strait day after Pelosi leaves island

Bloomberg: Taiwan Braces for China Military Drills All Around Main Island

Global Times: PLA launches missile drill to east of Taiwan as Pelosi arrives; China to turn on a new status quo for Taiwan situation as ‘US has broken the old one’

August 4, 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 notic…

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 notic...

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 4, 2022

Here’s my number, call me maybe

On Wednesday, MIIT released an update on what they’ve been doing in telecom and app regulation in Q2 2022. What caught our eye: MIIT is still trying to enforce mobile phone number portability rules. Background: In 2019, MIIT issued new rules requiring telecom companies to allow users to keep their…

On Wednesday, MIIT released an update on what they've been doing in telecom and app regulation in Q2 2022.
What caught our eye: MIIT is still trying to enforce mobile phone number portability rules.
Background: In 2019, MIIT issued new rules requiring telecom companies to allow users to keep their...

sources

MIIT: 工业和信息化部关于2022年第二季度电信服务质量的通告

MIIT: 携号转网服务管理规定

August 4, 2022

Pelosi chips away at US-China relations

Welp, that’s one way to poke a bear. On Wednesday, US Speaker of the House Nancy Pelosi met with executives from top chip foundry TSMC during her controversial visit to Taiwan. What they talked about: We don’t know, exactly… …but the chat almost certainly touched on potential increased U…

Welp, that's one way to poke a bear.
On Wednesday, US Speaker of the House Nancy Pelosi met with executives from top chip foundry TSMC during her controversial visit to Taiwan.
What they talked about: We don't know, exactly...

...but the chat almost certainly touched on potential increased U...

sources

Nikkei: U.S. House Speaker Pelosi meets chip industry leaders in Taipei

CNN: Interview With Taiwan Semiconductor Manufacturing Company Chairman Mark Liu

August 4, 2022

Cash prizes galore

Last week, the Beijing municipal government released a suite of measures to promote the software and digital services industries. The plan serves the twin goals of upgrading enterprises and boosting the economy. It aims to implement: Beijing’s 14FYP high-tech industrial development plan The city’s …

Last week, the Beijing municipal government released a suite of measures to promote the software and digital services industries.
The plan serves the twin goals of upgrading enterprises and boosting the economy. It aims to implement:

Beijing’s 14FYP high-tech industrial development plan
The city’s ...

sources

Beijing.gov: 北京市推动软件和信息服务业高质量发展的若干政策措施

August 4, 2022

Ctrip increases registered capital

On Wednesday, Yicai reported that online travel agency Ctrip’s microlending company has increased its registered capital to RMB 5 billion from RMB 1.5 billion. The reason? To comply with new microlending rules. Some context: In November 2020, financial regulators tightened rules on microlendin…

On Wednesday, Yicai reported that online travel agency Ctrip’s microlending company has increased its registered capital to RMB 5 billion from RMB 1.5 billion.
The reason? To comply with new microlending rules.
Some context: In November 2020, financial regulators tightened rules on microlendin...

sources

Yicai: 携程小贷也增资至50亿元，网络小贷合规整改进行时

August 4, 2022

Zhejiang chronicles the growth of its digital economy

Yesterday, the Zhejiang government released a white paper on the development of the local digital economy. The report details the province’s five-year effort (2017-21) to double the size of the digital economy. And it appears they did just that: The added value of Zhejiang’s digital economy doubl…

Yesterday, the Zhejiang government released a white paper on the development of the local digital economy.

The report details the province's five-year effort (2017-21) to double the size of the digital economy.

And it appears they did just that:

The added value of Zhejiang’s digital economy doubl...

sources

Zhejiang News: 浙江首次发布数字经济发展白皮书约7万字内容透露了哪些信息？

21st Century Biz: 浙江省首次发布数字经济发展白皮书综合实力稳居全国前列

August 4, 2022

How to pick a winner

On Thursday, ST Daily ran an interview with the co-general manager of the China Construction Bank (CCB) Trust, Chen Quan. The topic: How investors at China’s state banks choose tech startups to fund. The answer: Pick the companies that align with national policy priorities. According to Jian Chenqu…

On Thursday, ST Daily ran an interview with the co-general manager of the China Construction Bank (CCB) Trust, Chen Quan.
The topic: How investors at China's state banks choose tech startups to fund.
The answer: Pick the companies that align with national policy priorities. According to Jian Chenqu...

sources

ST Daily: 瞄准未来价值信托与科创企业“共荣” ——金融赋能科技自立自强系列报道之二

August 4, 2022

Quick Take | The Pelosi visit

It’s now the evening after in Beijing, and we’re all still here. On Tuesday night, the Trivium team – like much of the rest of the world – was doomtracking US Speaker of the House Nancy Pelosi’s plane as it made its way toward Taiwan. Some context: In the runup to the visit, Chinese officials… Read More »

It’s now the evening after in Beijing, and we’re all still here.
On Tuesday night, the Trivium team – like much of the rest of the world – was doomtracking US Speaker of the House Nancy Pelosi’s plane as it made its way toward Taiwan.
Some context: In the runup to the visit, Chinese officials and st...

sources

Pelosi in Taiwan: Pelosi in Taiwan: “1.4 Billion People Do Not Agree with Interference in China’s Sovereignty Issues”

MoFA: 国务委员兼外长王毅就美方侵犯中国主权发表谈话

The Paper: 海关总署：暂停台湾地区柑橘类水果和冰鲜白带鱼冻竹荚鱼输入大陆

NYT: Pelosi Meets With Taiwan’s President

MoFA: Statement by the Ministry of Foreign Affairs of the People’s Republic of China

August 3, 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 back, and a 15…

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 back, and a 15...

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 3, 2022

Future imperfect

The future isn’t looking good. Over the weekend, Cai Fang, a labor market and demographics expert who sits on the central bank’s (PBoC) monetary policy committee, warned that the imminent decline of China’s population will weigh on the economy. Some context: According to a recent United Nations (UN)…

The future isn’t looking good.
Over the weekend, Cai Fang, a labor market and demographics expert who sits on the central bank’s (PBoC) monetary policy committee, warned that the imminent decline of China’s population will weigh on the economy.
Some context: According to a recent United Nations (UN)...

sources

The Paper: 蔡昉：人口将进入负增长，要关注如何用需求支撑潜在增长能力

August 3, 2022

Right here, right now

Contrary to it’s typical long-term, big picture planning, the NDRC is living in the moment. On Tuesday, the macro planner (NDRC) held its mid-year work conference, laying out its plans for the last five months of 2022. The meeting readout indicated that things are on the right track (NDRC): “With t…

Contrary to it's typical long-term, big picture planning, the NDRC is living in the moment.
On Tuesday, the macro planner (NDRC) held its mid-year work conference, laying out its plans for the last five months of 2022.
The meeting readout indicated that things are on the right track (NDRC):

“With t...

sources

NDRC: 国家发展改革委召开上半年发展改革形势通报会

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