string(13) "markets-macro"

Macro

July 26, 2022

SAMR drafts opinions on creating certification system for cybersecurity companies

Last Thursday, China’s market regulator (SAMR) along with CAC and the Ministry of Public Security (MPS), released a draft plan to certfify China’s cybersecurity companies. This means certifying the firms that provide cybersecurity tools, testing, and consulting services. Background: China already … Username Password Remember Me Forgot Password

Last Thursday, China's market regulator (SAMR) along with CAC and the Ministry of Public Security (MPS), released a draft plan to certfify China's cybersecurity companies.

This means certifying the firms that provide cybersecurity tools, testing, and consulting services.

Background: China already ...

sources

SAMR: 市场监管总局关于公开征求《关于开展网络安全服务认证工作的实施意见（征求意见稿）》意见的通知

July 26, 2022

Getting interest rates to work: Will the latest overhaul of deposit rates drive more effective monetary policy?

Exec sum: The central bank (PBoC) has long acknowledged that a weak transmission mechanism has hampered the effectiveness of monetary policy in China. It’s been trying for years to put that right – and may finally have cracked it. The PBoC wants to change how it manages the economy, shifting from r…

Exec sum:

The central bank (PBoC) has long acknowledged that a weak transmission mechanism has hampered the effectiveness of monetary policy in China. It’s been trying for years to put that right – and may finally have cracked it.
The PBoC wants to change how it manages the economy, shifting from r...

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July 25, 2022

Nerd cred

It’s a bird, it’s a plane, it’s…a science lab? On Sunday, China launched a nearly 18-meter-long space laboratory into orbit from Hainan province (Gov.cn). The Wentian lab will soon be linked with the core module of China’s Tiangong space station. The lab will provide (Space.com): More space fo…

It's a bird, it's a plane, it's...a science lab?
On Sunday, China launched a nearly 18-meter-long space laboratory into orbit from Hainan province (Gov.cn).

The Wentian lab will soon be linked with the core module of China's Tiangong space station.

The lab will provide (Space.com):

More space fo...

sources

Gov.cn: 中国空间站问天实验舱发射任务取得圆满成功韩正在北京观看发射实况

Space.com: China launches 2nd space station module to support science experiments

July 25, 2022

You down with XJP? (Yeah, you better be)

Xi Jinping Thought on Diplomacy (XJPTD) isn’t going anywhere. And by extension, neither is XJP. On Sunday, Foreign Minister Wang Yi held a symposium on XJPTD and its implications for China’s foreign policy. Wang told attendees to hit the books (Gov.cn): “Xi Jinping…has insight into the internatio…

Xi Jinping Thought on Diplomacy (XJPTD) isn’t going anywhere.

And by extension, neither is XJP.

On Sunday, Foreign Minister Wang Yi held a symposium on XJPTD and its implications for China’s foreign policy.
Wang told attendees to hit the books (Gov.cn):

“Xi Jinping…has insight into the internatio...

sources

Gov.cn: 习近平外交思想学习座谈会在京召开

Xinhua: Symposium on studying Xi Jinping Thought on Diplomacy held in Beijing

July 25, 2022

Xi got jabbed, Li got jabbed, everybody go get jabbed!

Better late than never. Two and a half years into the COVID-19 pandemic, state media has officially confirmed that “currently-serving Party and state leaders” have “all” been vaccinated with homegrown vaccines. The big reveal came at a State Council press conference on Saturday about domestic vacci…

Better late than never.
Two and a half years into the COVID-19 pandemic, state media has officially confirmed that "currently-serving Party and state leaders" have "all" been vaccinated with homegrown vaccines.

The big reveal came at a State Council press conference on Saturday about domestic vacci...

sources

Gov.cn: 国务院联防联控机制2022年7月23日15时召开新闻发布会，介绍新冠病毒疫苗安全性有效性有关情况，并回答媒体提问。

China News: 原财长楼继伟透露：中国新冠疫苗进展非常好，本人已注射两剂

July 25, 2022

From silicon valley to silicon peak

Beijing’s prepping for yet another battle against high upstream prices – and this time it’s polysilicon. ICYDK: That’s the stuff solar panels are made of. China controls over 80% of global solar-grade polysilicon production. And expansion efforts are expected to increase its market share to over 90…

Beijing's prepping for yet another battle against high upstream prices – and this time it's polysilicon.
ICYDK: That's the stuff solar panels are made of.

China controls over 80% of global solar-grade polysilicon production.
And expansion efforts are expected to increase its market share to over 90...

sources

Bloomberg: China Is Preparing to Step In to Curb Soaring Solar Prices

July 25, 2022

Capitalizing on credit

And we’re off. On Friday, Caixin reported that China Development Bank (CDB) and Agricultural Development Bank of China (ADBC) – two of China’s three policy banks – have started investing in infrastructure projects through special purpose fund management subsidiaries. Some context: At the end of June…

And we’re off.
On Friday, Caixin reported that China Development Bank (CDB) and Agricultural Development Bank of China (ADBC) – two of China’s three policy banks – have started investing in infrastructure projects through special purpose fund management subsidiaries.
Some context: At the end of June...

sources

Caixin: 国开行、农发行设立基础设施基金公司完成首批投放

July 25, 2022

Even more bonds

The government is leaving no stone unturned in its efforts to shore up the economy. On Friday, the securities regulator (CSRC), macro planner (NDRC), and the All-China Federation of Industry and Commerce (a key private sector industry association) released a joint notice aimed at boosting bond sales…

The government is leaving no stone unturned in its efforts to shore up the economy.
On Friday, the securities regulator (CSRC), macro planner (NDRC), and the All-China Federation of Industry and Commerce (a key private sector industry association) released a joint notice aimed at boosting bond sales...

sources

CSRC: 中国证监会国家发展改革委全国工商联关于推动债券市场更好支持民营企业改革发展的通知

July 25, 2022

The consumption conundrum

Consumption should be the driving force for the economy. That was another of Premier Li Keqiang’s messages at the State Council’s executive meeting on Thursday. Li then highlighted some consumer-friendly support measures. ICYDK: Despite a post-lockdown rebound of industrial activity in June, co…

Consumption should be the driving force for the economy.

That was another of Premier Li Keqiang's messages at the State Council's executive meeting on Thursday.

Li then highlighted some consumer-friendly support measures.

ICYDK: Despite a post-lockdown rebound of industrial activity in June, co...

sources

Xinhua: 李克强主持召开国务院常务会议

July 25, 2022

Unspooling the fire hose

Li Keqiang is a man on a mission. On Thursday, the premier chaired a regular meeting of the State Council (although it wasn’t reported by state media until Friday). No prizes for guessing what was discussed. Getting the economy moving! According to a meeting readout, the State Council wants to e…

Li Keqiang is a man on a mission.
On Thursday, the premier chaired a regular meeting of the State Council (although it wasn't reported by state media until Friday).
No prizes for guessing what was discussed.

Getting the economy moving!

According to a meeting readout, the State Council wants to e...

sources

State Council: 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 25, 2022

More and better data on ride-hailing

China’s transport regulators are trying to tighten the screws on the ride-hailing industry… and they need better data to do it. On Saturday, the Ministry of Transport (MoT) released updated rules governing the data ride-hailing companies and local transport bureaus submit to national-level regula…

China's transport regulators are trying to tighten the screws on the ride-hailing industry... and they need better data to do it.
On Saturday, the Ministry of Transport (MoT) released updated rules governing the data ride-hailing companies and local transport bureaus submit to national-level regula...

sources

MoT: 2022 Version - 网络预约出租汽车监管信息交互平台运行管理办法

MoT: 2018 Version - 网络预约出租汽车监管信息交互平台运行管理办法

July 25, 2022

Shenzhen factory lockdown extravaganza

On Sunday, Shenzhen’s local industrial regulator (MIIT) ordered a snap lockdown of multiple factories for seven days due to a local Covid outbreak. And by “outbreak,” we mean 23 cases. Sad trombone: The news could hit over 100k workers in big tech companies including Huawei, BYD, ZTE, Foxconn, a…

On Sunday, Shenzhen's local industrial regulator (MIIT) ordered a snap lockdown of multiple factories for seven days due to a local Covid outbreak.

And by "outbreak," we mean 23 cases.

Sad trombone: The news could hit over 100k workers in big tech companies including Huawei, BYD, ZTE, Foxconn, a...

sources

Sina: 为加强防疫，比亚迪深圳工业园区封闭运行7天

Guangdong Gov: 2022年7月25日广东省新冠肺炎疫情情况

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