string(13) "markets-macro"

Macro

July 19, 2022

To be, ore not to be

Last month, we told you that Beijing was looking to set up a massive, state-controlled group to consolidate China’s iron ore imports – and drive down their cost. Policymakers now appear to have ironed out the details. On Monday, Caixin reported that the company – with the unconfirmed and downright… Username Password Remember Me … Read More »

Last month, we told you that Beijing was looking to set up a massive, state-controlled group to consolidate China’s iron ore imports – and drive down their cost.

Policymakers now appear to have ironed out the details.

On Monday, Caixin reported that the company – with the unconfirmed and downright...

sources

Caixin: 独家｜矿产资源新央企筹备成立打造铁矿采购、矿山开发平台

July 19, 2022

The limits of China-US cooperation

Climate remains the (only) go-to area of cooperation for China and the US. On Friday, in Washington DC, Minister of Ecology and Environment Huang Runqiu talked about environmental and climate collaboration with: US Secretary of Commerce Gina Raimondo Deputy administrator of the US Environmental Pro…

US Secretary of Commerce Gina Raimondo
Deputy administrator of the US Environmental Pro...

sources

MEE: 生态环境部部长黄润秋会见美国联邦和地方政府官员

California Gov: RECAP: Governor Newsom’s Final Day in DC Highlights California’s Pivotal Role on the National and Global Stage

July 19, 2022

Life after Wall Street

As the US-China auditing row looks set to close the door on Chinese firms’ US equity market dreams, the post-US IPO cash-raising landscape is taking shape. Last week, we dug into the record amount of money Chinese firms raised via mainland listings in H1 2022. But there’s another pot of cash increa…

As the US-China auditing row looks set to close the door on Chinese firms' US equity market dreams, the post-US IPO cash-raising landscape is taking shape.
Last week, we dug into the record amount of money Chinese firms raised via mainland listings in H1 2022.

But there’s another pot of cash increa...

sources

Sina: 明阳智能全球存托凭证在伦交所上市成新规后首家GDR境外上市的A股公司

Caixin: GDR再添两家首批“中瑞通”GDR或将7月发行

Shanghai Stock Exchange: 全球存托凭证信息

July 19, 2022

Credit where credit’s due

On Monday, Bloomberg scooped that regulators are thinking about allowing buyers of unfinished homes to stop making mortgage payments without it impacting their credit scores. ICYMI: Mid-last week, reports began surfacing that homebuyers in 14 unfinished projects in a handful of provinces had submitt…

On Monday, Bloomberg scooped that regulators are thinking about allowing buyers of unfinished homes to stop making mortgage payments without it impacting their credit scores.
ICYMI: Mid-last week, reports began surfacing that homebuyers in 14 unfinished projects in a handful of provinces had submitt...

sources

Bloomberg: China Weighs Mortgage Grace Period to Appease Angry Homebuyers

Github: Summary of Loan Suspension

July 19, 2022

Didn’t we mention that earlier?

That’s a surprise. On Sunday, a banking regulator (CBIRC) spokesperson disclosed that RMB 103 billion worth of special-purpose bonds (SPBs) have been allocated this year for recapitalizing small and medium-sized banks. In an interview with China Banking and Insurance News, the spokesperson said the…

That’s a surprise.
On Sunday, a banking regulator (CBIRC) spokesperson disclosed that RMB 103 billion worth of special-purpose bonds (SPBs) have been allocated this year for recapitalizing small and medium-sized banks.

In an interview with China Banking and Insurance News, the spokesperson said the...

sources

CBIMC: 银保监会有关部门负责人接受记者采访

Caixin: 2022年注资中小银行专项债券可用额度3200亿元预计8月底分配完毕

July 19, 2022

Cleaning up the internet for the kids (again)

Summer is back and it’s time once again to clean up the internet for minors. On Monday, China’s cybersecurity watchdog, CAC, led four other government agencies to launch a two-month crackdown aimed at making cyberspace a safer place for children. Some context: CAC conducted a similar campaign last s…

Summer is back and it’s time once again to clean up the internet for minors.
On Monday, China's cybersecurity watchdog, CAC, led four other government agencies to launch a two-month crackdown aimed at making cyberspace a safer place for children.
Some context: CAC conducted a similar campaign last s...

sources

21st Century Biz: 中央网信办：不得为未满16周岁未成年人提供主播服务

July 19, 2022

Don’t overdo it!

The stimulus has barely started, but economists are already warning against overdoing it. ICYMI: On Saturday, officials and policy advisors – past and present – got together at the 2022 Mid-Term Macroeconomic Summit. On Monday, we noted that attendees think the full-year GDP growth will fall w…

The stimulus has barely started, but economists are already warning against overdoing it.
ICYMI: On Saturday, officials and policy advisors – past and present – got together at the 2022 Mid-Term Macroeconomic Summit.

On Monday, we noted that attendees think the full-year GDP growth will fall w...

sources

Sina: 国务院发展研究中心原副主任王一鸣：协同推进宏观政策调节和增长动能转换，实现经济稳增长

Sina: 上海财经大学校长刘元春：聚焦企稳，把控风险，实现下半年经济全面复苏

Sina: 国家发改委经济研究所所长孙学工：当前不确定因素仍然存在，要立足国内因素加大针对性政策支持力度

July 19, 2022

Personal data controls for the health code system

China’s health code system needs to protect personal data, fast! On Monday, China Cybersecurity Industry Alliance (CCIA), a cybersecurity industry association, announced recommendations to protect personal data used in health code apps. Some context: Local governments developed health code apps to h…

China’s health code system needs to protect personal data, fast!
On Monday, China Cybersecurity Industry Alliance (CCIA), a cybersecurity industry association, announced recommendations to protect personal data used in health code apps.
Some context: Local governments developed health code apps to h...

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Secrss: “健康码”数据安全和个人信息保护措施与建议

July 19, 2022

Shanghai ‘how to’ livestream management guidance

Shanghai wants companies to regulate livesteam hosts better. On Monday, the Shanghai department of China’s market regulator (SAMR) announced new guidelines to help companies better understand live broadcast regulations. Some context: This follows a bevy of livestreaming regulations implemented over …

Shanghai wants companies to regulate livesteam hosts better.
On Monday, the Shanghai department of China’s market regulator (SAMR) announced new guidelines to help companies better understand live broadcast regulations.
Some context: This follows a bevy of livestreaming regulations implemented over ...

sources

CE.cn: 上海发布网络直播营销活动合规指引

July 19, 2022

GDP breakdown underscores China’s growth challenge

China’s stats bureau released the detailed breakdown for Q2 GDP on Saturday. The numbers lay out how China managed to eek out 0.4% y/y growth for that quarter. The answer in one word: Exports. Net exports of goods and services accounted for 1.1pp of the 0.4% real GDP growth in Q2. Do the math –… Read More »

China’s stats bureau released the detailed breakdown for Q2 GDP on Saturday.
The numbers lay out how China managed to eek out 0.4% y/y growth for that quarter.
The answer in one word: Exports.
Net exports of goods and services accounted for 1.1pp of the 0.4% real GDP growth in Q2.

Do the math – tha...

sources

NBS: 2022年二季度和上半年国内生产总值初步核算结果

Bloomberg: China’s Property Sector Remains Biggest Drag on Economy

July 18, 2022

You think you’ve got problems

It’s going to be a long, hot summer for China’s banking regulator (CBIRC). On Sunday, China Banking and Insurance News published an interview with an unnamed CBIRC official highlighting some of the problems the agency is dealing with. Two in particular caught our attention. Issue #1: The mortgage…

It's going to be a long, hot summer for China's banking regulator (CBIRC).
On Sunday, China Banking and Insurance News published an interview with an unnamed CBIRC official highlighting some of the problems the agency is dealing with.

Two in particular caught our attention.

Issue #1: The mortgage...

sources

CBIMC: 银保监会有关部门负责人接受记者采访

July 18, 2022

Prudent’s the word

G20 central bankers and finance ministers were kicking it in Bali over the weekend, but sadly China’s COVID restrictions meant People’s Bank of China (PBoC) Governor Yi Gang had to join via Zoom. On Saturday, the central bank (PBoC) published a very brief summary of Yi’s comments and they were, on t…

G20 central bankers and finance ministers were kicking it in Bali over the weekend, but sadly China’s COVID restrictions meant People’s Bank of China (PBoC) Governor Yi Gang had to join via Zoom.
On Saturday, the central bank (PBoC) published a very brief summary of Yi’s comments and they were, on t...

sources

PBoC: 中国人民银行行长易纲线上出席二十国集团财长和央行行长会议

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