string(13) "markets-macro"

Macro

July 26, 2022

In denial

As far as denials go, this one seems pretty emphatic. On Monday, Reuters reported that China’s securities regulator (CSRC) has shot down reports that it’s considering sorting US-listed Chinese companies into three categories to minimize the number booted from US exchanges. Some context: Chinese… Username Password Remember Me Forgot Password

As far as denials go, this one seems pretty emphatic.
On Monday, Reuters reported that China’s securities regulator (CSRC) has shot down reports that it’s considering sorting US-listed Chinese companies into three categories to minimize the number booted from US exchanges.
Some context: Chinese...

sources

Reuters: China regulator denies report on data strategy to avoid U.S. delistings

July 26, 2022

A freer flow

Onshore forex management just got a little bit easier. In some places. For some people. On Friday, the central bank (PBoC) and the forex regulator (SAFE) announced the expansion of a foreign exchange cash-pooling pilot for multinational companies (MNCs). Some context: The pilot, initially launched…

Onshore forex management just got a little bit easier.

In some places.
For some people.

On Friday, the central bank (PBoC) and the forex regulator (SAFE) announced the expansion of a foreign exchange cash-pooling pilot for multinational companies (MNCs).
Some context: The pilot, initially launched...

sources

PBoC: 扩大跨国公司本外币一体化资金池试点支持总部经济发展

July 26, 2022

It’s ore-fficial

On Monday, at a ceremony in Beijing, the guest of honor lifted a red veil from a metal nameplate to launch a massive new state-owned resources company – China Mineral Resources Group (CMRG). ICYMI: Rumors about the firm, established to give China more bargaining power over iron ore imports, have bee…

On Monday, at a ceremony in Beijing, the guest of honor lifted a red veil from a metal nameplate to launch a massive new state-owned resources company – China Mineral Resources Group (CMRG).
ICYMI: Rumors about the firm, established to give China more bargaining power over iron ore imports, have bee...

sources

Gov.cn: 中国矿产资源集团有限公司成立大会举行韩正出席并为公司成立揭牌

July 26, 2022

Duimian de nanhai gei wo lai

On Monday, Foreign Minister Wang Yi gave a speech at a video conference marking the 20th anniversary of the signing of the Declaration on the Conduct (DoC) of Parties in the South China Sea (SCS). Some context: To help manage their many territorial beefs, China and ASEAN signed the DoC in 2002, comm…

On Monday, Foreign Minister Wang Yi gave a speech at a video conference marking the 20th anniversary of the signing of the Declaration on the Conduct (DoC) of Parties in the South China Sea (SCS).
Some context: To help manage their many territorial beefs, China and ASEAN signed the DoC in 2002, comm...

sources

MoFA: Wang Yi Attends and Addresses the Opening Ceremony of the Symposium Commemorating the 20th Anniversary of the Signing of the Declaration on the Conduct of Parties in the South China Sea

July 26, 2022

No more mucking around

China’s authorities are finally – finally – getting serious about property sector distress. On Monday, the financial press reported that Beijing plans to launch a relief fund for developers that could eventually be as large as RMB 300 billion. Citing an unnamed state bank official, Reuters said that…

China’s authorities are finally – finally – getting serious about property sector distress.
On Monday, the financial press reported that Beijing plans to launch a relief fund for developers that could eventually be as large as RMB 300 billion.
Citing an unnamed state bank official, Reuters said that...

sources

Reuters: China plans real estate fund worth up to $44 billion for distressed sector, source says

FT: Chinese property stocks rally on $44bn bailout hopes

July 26, 2022

Red tape be gone

Premier Li Keqiang’s crusade against red tape is never-ending. That’s the vibe we got from Thursday’s State Council meeting, where Li – yet again – called for less regulation and more markets. ICYDK: Li’s been chipping away at state interference ever since becoming China’s number 2 in 2013. Under h…

Premier Li Keqiang’s crusade against red tape is never-ending.
That’s the vibe we got from Thursday’s State Council meeting, where Li – yet again – called for less regulation and more markets.
ICYDK: Li’s been chipping away at state interference ever since becoming China’s number 2 in 2013.

Under h...

sources

Gov.cn: 李克强主持召开国务院常务会议部署持续扩大有效需求的政策举措增强经济恢复发展拉动力等

July 26, 2022

State Council approves NDRC-led joint conference on digital economy development

Hey-o! There’s a new committee on the block. Yesterday, the State Council approved the creation of an inter-ministerial joint conference on digital economy development, to be led by the National Development and Reform Commission (NDRC). The conference involves more than 20 departments, with China’s…

Hey-o! There's a new committee on the block.
Yesterday, the State Council approved the creation of an inter-ministerial joint conference on digital economy development, to be led by the National Development and Reform Commission (NDRC).

The conference involves more than 20 departments, with China's...

sources

Gov.cn: 国务院办公厅关于同意建立数字经济发展部际联席会议制度的函

Gov.cn: 国务院办公厅关于部际联席会议审批程序等有关问题的通知

July 26, 2022

Mu Changchun on eCNY privacy

On Sunday, at the Digital China Summit, Mu Changchun made a speech shedding new light on the privacy protections afforded by China’s new digital currency (e-CNY). Mu is the guy spearheading the development of e-CNY. Recap: The emergence of the e-CNY has raised widespread concern that a state-contr…

On Sunday, at the Digital China Summit, Mu Changchun made a speech shedding new light on the privacy protections afforded by China's new digital currency (e-CNY).

Mu is the guy spearheading the development of e-CNY.

Recap: The emergence of the e-CNY has raised widespread concern that a state-contr...

sources

mPayPass: 穆长春最新发言：数字人民币隐私与个人信息保护

July 26, 2022

A cloud over the state

Welp… it’s really happening. On Monday, at the Digital China Summit, a collective of state-owned enterprises launched the first ever national state-owned cloud service. The project is led by China Telecom, with support from China Electronics. It’s backed by China’s state asset manager, SASAC. …

Welp... it's really happening.
On Monday, at the Digital China Summit, a collective of state-owned enterprises launched the first ever national state-owned cloud service.

The project is led by China Telecom, with support from China Electronics.
It's backed by China's state asset manager, SASAC.

...

sources

Hexun: 国资监管云上线中国电信联合多央企主导

Yicai: “国家云”搅动云计算江湖，云市场未来谁主沉浮？

July 26, 2022

Digital China stat dump

Oh boy, oh boy, it’s here! On Monday, the 2021 Digital Economy Development Report was released at the Digital China Summit in Fuzhou. Background: The Digital China Summit is a major annual summit and exhibition showcasing the latest achievements in China’s digital modernization. Everyone who’s an…

Oh boy, oh boy, it's here!
On Monday, the 2021 Digital Economy Development Report was released at the Digital China Summit in Fuzhou.
Background: The Digital China Summit is a major annual summit and exhibition showcasing the latest achievements in China's digital modernization.

Everyone who's an...

sources

The Paper: 重磅！《数字中国发展报告（2021年）》正式发布！

Bureau of Economic Analysis: BEA: New Digital Economy Estimates

July 26, 2022

3 more CAC cloud security assessment comments

Man, China’s cybersecurity watchdog (CAC) sure is obsessed with cloud security this week. On Monday, the CAC published another batch of essays by industry experts on the common cybersecurity risks presented by cloud platforms. Specifically, cloud platforms hosting sensitive government data. Recap:…

Man, China's cybersecurity watchdog (CAC) sure is obsessed with cloud security this week.
On Monday, the CAC published another batch of essays by industry experts on the common cybersecurity risks presented by cloud platforms.

Specifically, cloud platforms hosting sensitive government data.

Recap:...

sources

CAC: 专家解读｜夯实政务云安全基础，保障政务系统安全

CAC: 专家解读｜推进云安全标准修订支撑新形势下的云计算服务安全评估工作

July 26, 2022

Falling from grace

On Monday, Caixin scooped that Zhao Weiguo – former chairman of state-owned Tsinghua Unigroup – was taken into custody at his Beijing home in mid-July. Word on the street: Zhao is under investigation for corruption related to his time at Tsinghua Unigroup. ICYMI: In November 2020, Tsingh…

On Monday, Caixin scooped that Zhao Weiguo – former chairman of state-owned Tsinghua Unigroup – was taken into custody at his Beijing home in mid-July.
Word on the street: Zhao is under investigation for corruption related to his time at Tsinghua Unigroup.
ICYMI: In November 2020, Tsingh...

sources

Caixin: 紫光集团前董事长赵伟国被调查

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