string(13) "markets-macro"

Macro

August 2, 2022

(Semi)Con men

Big dominoes are falling in the chip industry. Over the weekend, more anti-corruption probes were launched into senior execs and officials linked to China’s most important state-owned semiconductor investment fund, “the Big Fund.” Three new Big Fund bigwigs were named: Deng Wenwu, head of the Big F… Username Password Remember Me Forgot Password

Big dominoes are falling in the chip industry.
Over the weekend, more anti-corruption probes were launched into senior execs and officials linked to China’s most important state-owned semiconductor investment fund, “the Big Fund.”
Three new Big Fund bigwigs were named:

Deng Wenwu, head of the Big F...

sources

EE Times China: 大基金多位高层先后被查！工信部部长肖亚庆、原电子司司长刁石京被调查

Caixin: 中央纪委宣布国家芯片大基金原总经理丁文武被调查

Caixin: 大基金管理人公司投资部80后高管杨征帆被调查

August 2, 2022

Another iron in the fire

Beijing just gained a new avenue of control over the iron and steel industry. On Monday, the China Iron and Steel Association (CISA) – one of China’s most powerful industry associations – announced the establishment of its new Iron Ore Working Committee (IOWC). The committee’s unassuming name belie…

Beijing just gained a new avenue of control over the iron and steel industry.
On Monday, the China Iron and Steel Association (CISA) – one of China's most powerful industry associations – announced the establishment of its new Iron Ore Working Committee (IOWC).

The committee's unassuming name belie...

sources

The Paper: 中钢协拟成立铁矿石工作委员会：加强对铁矿石相关重大问题研究

August 2, 2022

Taskmaster

All the kids are doing it. On Monday, the central bank (PBoC) held its mid-year work symposium to discuss its key tasks for the rest of 2022. The banking and securities regulators held their mid-year reviews last week. The PBoC has a lot on its plate, but it’s particularly vexed by the property se…

All the kids are doing it.
On Monday, the central bank (PBoC) held its mid-year work symposium to discuss its key tasks for the rest of 2022.

The banking and securities regulators held their mid-year reviews last week.

The PBoC has a lot on its plate, but it’s particularly vexed by the property se...

sources

PBoC: 人民银行召开2022年下半年工作会议

August 2, 2022

Back to basics

On Monday, the industry regulator (MIIT), the macro planner (NDRC), and the environment ministry (MEE) released an Industrial Carbon Peak Implementation Plan. It’s a big deal: This plan is likely a missing piece of China’s “1+N” climate policy system, but we’re still waiting on official confirmation…

On Monday, the industry regulator (MIIT), the macro planner (NDRC), and the environment ministry (MEE) released an Industrial Carbon Peak Implementation Plan.
It's a big deal: This plan is likely a missing piece of China's "1+N" climate policy system, but we're still waiting on official confirmation...

sources

Gov.cn: 工业和信息化部国家发展改革委生态环境部关于印发工业领域碳达峰实施方案的通知

August 2, 2022

Have no fear, Wang is here

His name means lucky and happy. Here’s hoping Wang Xiangxi stays that way. On Friday, Wang was appointed Party secretary of the Ministry of Emergency Management (MEM). In case you can’t guess: The MEM tackles emergencies and work safety, and runs the China Fire and Rescue Force. Heavy duty: Natural …

His name means lucky and happy. Here's hoping Wang Xiangxi stays that way.
On Friday, Wang was appointed Party secretary of the Ministry of Emergency Management (MEM).
In case you can't guess: The MEM tackles emergencies and work safety, and runs the China Fire and Rescue Force.
Heavy duty: Natural ...

sources

People.cn: 王祥喜同志任应急管理部党委书记

Xinhua: 2022年上半年全国自然灾害和安全生产形势

Mem.gov.cn: 应急管理部发布2021年上半年全国自然灾害情况

August 2, 2022

The PLA turns 95

China’s armed forces just enjoyed a birthday party – and everyone was there. On Sunday, Xi Jinping and all six of his Politburo Standing Committee colleagues attended a reception to celebrate the 95th anniversary of the founding of the People’s Liberation Army (PLA). Such high-level attendance comes…

China's armed forces just enjoyed a birthday party – and everyone was there.
On Sunday, Xi Jinping and all six of his Politburo Standing Committee colleagues attended a reception to celebrate the 95th anniversary of the founding of the People's Liberation Army (PLA).
Such high-level attendance comes...

sources

Gov.cn: 国防部举行盛大招待会热烈庆祝中国人民解放军建军95周年习近平等出席

August 2, 2022

Go ahead, make my day

US-China tensions are spiking dangerously over Taiwan. On Monday, sources close to US Speaker of the House Nancy Pelosi said she would touch down in Taipei on Tuesday night. Some context: Pelosi’s “will she or won’t she” Taiwan trip has drawn an apoplectic response from Beijing. Here’s foreign minis…

US-China tensions are spiking dangerously over Taiwan.
On Monday, sources close to US Speaker of the House Nancy Pelosi said she would touch down in Taipei on Tuesday night.
Some context: Pelosi’s “will she or won’t she” Taiwan trip has drawn an apoplectic response from Beijing.
Here’s foreign minis...

sources

Reuters: Pelosi set to visit Taiwan despite China warnings, sources say

MoFA: Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on August 1, 2022

August 2, 2022

Flash talk | Has China entered zero-COVID 2.0?

Trivium Partner and Co-founder Trey McArver and Senior Analyst Andy Chen look at China’s evolving approach to containing COVID, and discuss what it means for economic growth, social stability, and executive travel in H2. Time: 35 mins. …

...

August 2, 2022

Guangdong to found provincial data exchange

Last week, Guangdong provincial officials revealed that they are preparing to launch a new data exchange later this year. No definitive date was set was for launch. Recap: Data exchanges are state-backed trading platforms where buyers and sellers of data can find each other. Buyers theoretically…

Last week, Guangdong provincial officials revealed that they are preparing to launch a new data exchange later this year.

No definitive date was set was for launch.

Recap: Data exchanges are state-backed trading platforms where buyers and sellers of data can find each other.

Buyers theoretically...

sources

21st Century Biz: 专访杨鹏飞：广东数据交易所将“省市共建、广佛协同”，预计年底前建成

August 2, 2022

US to contain Chinese memory chipmakers

On Monday, Reuters reported that the US is looking to prevent Chinese memory chipmakers from accessing some American semiconductor equipment. Specifically, that’s equipment designed to manufacture advanced NAND flash memory. The proposals would ban export of tools to China that make NAND chi…

On Monday, Reuters reported that the US is looking to prevent Chinese memory chipmakers from accessing some American semiconductor equipment.

Specifically, that's equipment designed to manufacture advanced NAND flash memory.

The proposals would ban export of tools to China that make NAND chi...

sources

Reuters: U.S. considers crackdown on memory chip makers in China

Bloomberg: Apple Weighs More Memory Chip Suppliers, Including China

August 2, 2022

Hainan brings it all together

On Monday, Hainan released the Provincial Government’s Overall Plan for Digital Transformation, a three-year plan for digitizing government services within the province. The key theme: Unifying all of Hainan’s digital government systems into a single platform. This is no small feat. By 2025, Haina…

On Monday, Hainan released the Provincial Government's Overall Plan for Digital Transformation, a three-year plan for digitizing government services within the province.
The key theme: Unifying all of Hainan's digital government systems into a single platform.
This is no small feat. By 2025, Haina...

sources

Guizhou Big Data Development Adminsitration: https://dsj.guizhou.gov.cn/xwzx/gnyw/202208/t20220801_75878575.html

August 2, 2022

Netease and Tencent fail to win approval for games, again

On Monday, China’s gaming watchdog (NPPA) approved its fourth batch of online games since ending a freeze on new game approvals in April. On the approved list: Titles from small gaming companies. Notably not on the approved list: Any titles from gaming giants like Tencent Games and Netease. It’s no…

On Monday, China’s gaming watchdog (NPPA) approved its fourth batch of online games since ending a freeze on new game approvals in April.
On the approved list: Titles from small gaming companies.
Notably not on the approved list: Any titles from gaming giants like Tencent Games and Netease.

It’s no...

sources

The Paper: 69款国产网络游戏版号获批，腾讯、网易继续缺席

NPPA: 2022年8月份国产网络游戏审批信息

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