string(13) "markets-macro"

Macro

July 18, 2022

More options to exit

Please note your nearest investment exit. On July 8, China’s securities regulator (CSRC) issued trial rules that allow private equity (PE) and venture capital (VC) funds to transfer shares in portfolio companies to investors (LPs) in lieu of cash. The deets: Only shares in listed companies that were… Username Password Remember Me Forgot… Read More »

Please note your nearest investment exit.
On July 8, China’s securities regulator (CSRC) issued trial rules that allow private equity (PE) and venture capital (VC) funds to transfer shares in portfolio companies to investors (LPs) in lieu of cash.
The deets: Only shares in listed companies that were...

sources

CSRC: 证监会启动私募股权创投基金向投资者实物分配股票试点支持私募基金加大服务实体经济力度

Caixin: China Pilots Giving Private Equity and Venture Capital Funds a New Exit Option

Caixin: China OKs Second Pilot Trading Platform for Shares in Venture Capital Funds

July 18, 2022

Xi tells Xinjiang to chill on COVID control

Time for a repressed region to relax a little? From Tuesday to Friday, Xi Jinping made a trip to Xinjiang, where he made some notable comments on local COVID policy. He instructed officials on COVID work in the region by starting with boilerplate demands to (Gov.cn): Avoid a COVID resurgence within…

Time for a repressed region to relax a little?
From Tuesday to Friday, Xi Jinping made a trip to Xinjiang, where he made some notable comments on local COVID policy.
He instructed officials on COVID work in the region by starting with boilerplate demands to (Gov.cn):

Avoid a COVID resurgence within...

sources

Gov.cn: 习近平在新疆考察时强调：完整准确贯彻新时代党的治疆方略建设团结和谐繁荣富裕文明进步安居乐业生态良好的美好新疆

July 18, 2022

A subtle shift in Xinjiang policy

On Friday, Xinhua released a detailed readout on Xi Jinping’s four-day Xinjiang tour, which included visits to the cities of Urumqi, Shihezi, and Turpan. What caught our eye: Xi seemed to indicate that a more measured Xinjiang policy is in the offing, by saying (Xinhua 1): “The most important thing…

On Friday, Xinhua released a detailed readout on Xi Jinping’s four-day Xinjiang tour, which included visits to the cities of Urumqi, Shihezi, and Turpan.
What caught our eye: Xi seemed to indicate that a more measured Xinjiang policy is in the offing, by saying (Xinhua 1):

“The most important thing...

sources

Xinhua: 习近平在新疆考察时强调：完整准确贯彻新时代党的治疆方略建设团结和谐繁荣富裕文明进步安居乐业生态良好的美好新疆

Xinhua: 汪洋与省部级干部民族和宗教工作专题研讨班学员座谈,

July 18, 2022

Bowing to the inevitable

A consensus is finally emerging among China’s economic policy advisors that hitting the 5.5% full-year GDP growth target is mission impossible – and 4% is much more realistic. Some context: This is coming after China’s H1 GDP growth print limped in at just 2.5% y/y. The latest: On Saturday, curren…

A consensus is finally emerging among China's economic policy advisors that hitting the 5.5% full-year GDP growth target is mission impossible – and 4% is much more realistic.

Some context: This is coming after China's H1 GDP growth print limped in at just 2.5% y/y.

The latest: On Saturday, curren...

sources

Sina: 国家信息中心首席经济师祝宝良：着力解决需求不足问题，双政策加码保证经济平稳复苏

Cailianshe: 总理座谈会受邀专家苏剑：如果疫情不恶化，今年中国经济最差的时候已过去

July 18, 2022

Fahrenheit 107

Summer power cuts have kicked off. On Wednesday, Zhejiang province, an industrial hub on China’s east coast, started imposing power rationing on its textiles sector. The driver: Temperatures over 107 degrees Fahrenheit (42 degrees Celsius), which drove peak electricity demand through the roof as eve…

Summer power cuts have kicked off.
On Wednesday, Zhejiang province, an industrial hub on China’s east coast, started imposing power rationing on its textiles sector.
The driver: Temperatures over 107 degrees Fahrenheit (42 degrees Celsius), which drove peak electricity demand through the roof as eve...

sources

SCMP: China heatwave prompts energy curbs for manufacturing hub, but repeat of power crisis unlikely

July 18, 2022

Credible, lovable, and respectable for millennia

On Friday, Qiushi, the Party’s top theoretical journal, published the full speech given by Xi Jinping during the May 2022 Politburo study session on Chinese civilization. Xi’s message to China’s top officials was clear. They should: Use China’s rich cultural and archeological heritage to increase …

On Friday, Qiushi, the Party’s top theoretical journal, published the full speech given by Xi Jinping during the May 2022 Politburo study session on Chinese civilization.
Xi’s message to China's top officials was clear. They should:

Use China’s rich cultural and archeological heritage to increase ...

sources

People.cn: 把中国文明历史研究引向深入增强历史自觉坚定文化自信

July 18, 2022

Bangkok Wangerous

Foreign Minister Wang Yi has been steaming around Southeast Asian countries like he’s a trust fund kid on a gap year. On Thursday, People’s Daily asked Wang about his recent travels. ICYMI: Since the beginning of July, Wang has: Attended the Lancang-Mekong Cooperation Foreign Ministers’ Meeting in …

Foreign Minister Wang Yi has been steaming around Southeast Asian countries like he’s a trust fund kid on a gap year.
On Thursday, People’s Daily asked Wang about his recent travels.
ICYMI: Since the beginning of July, Wang has:

Attended the Lancang-Mekong Cooperation Foreign Ministers' Meeting in ...

sources

MoFA: Wang Yi Gives an Interview to the Chinese Central Media on Attending the LMC Foreign Ministers' Meeting and the G20 Foreign Ministers' Meeting, Visiting Five Southeast Asian Countries, and Chairing Meetings of China-Vietnam and China-Cambodia Bilateral Mechanisms

July 18, 2022

PBoC fines Didi Pay

Welp, Didi’s been fined again. On Friday, the Beijing branch of the central bank (PBoC) fined Didi’s mobile payment unit Didi Pay for its slack anti-money laundering (AML) compliance. Context: China’s legislature is in the process of revising the Anti-Money Laundering Law, in part to force fintec…

Welp, Didi's been fined again.
On Friday, the Beijing branch of the central bank (PBoC) fined Didi’s mobile payment unit Didi Pay for its slack anti-money laundering (AML) compliance.
Context: China's legislature is in the process of revising the Anti-Money Laundering Law, in part to force fintec...

sources

PingWest: 滴滴支付被央行罚款 427 万元

WSJ: Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations

July 18, 2022

CBIRC warns banks of online lending risk management

On Friday, China’s banking regulator (CBIRC) told commercial banks to step up their online lending risk management. Some context: In the past two years, financial regulators have tightened regulations on banks’ microlending partnerships with fintech platforms. Banks – especially the sma…

On Friday, China's banking regulator (CBIRC) told commercial banks to step up their online lending risk management.
Some context: In the past two years, financial regulators have tightened regulations on banks' microlending partnerships with fintech platforms.

Banks – especially the sma...

sources

Caixin: 银保监会：加强银行互联网贷款管理

CBIRC: 中国银保监会有关部门负责人就《关于加强商业银行互联网贷款业务管理提升金融服务质效的通知》答记者问

July 18, 2022

Xiaomi fined for warranty exclusions in Italy

On Saturday, Chinese media reported that Xiaomi had been fined Euro 3.2 million (about RMB 21.8 million) earlier this month by the Italian anti-competition regulator. The reason: Xiaomi had been charging customers for repairs of defects to their phones while they were still under warranty. Xiaomi ha…

On Saturday, Chinese media reported that Xiaomi had been fined Euro 3.2 million (about RMB 21.8 million) earlier this month by the Italian anti-competition regulator.
The reason: Xiaomi had been charging customers for repairs of defects to their phones while they were still under warranty. Xiaomi ha...

sources

Sina: 小米被意大利机构罚款约2176万元：手机出现划痕或轻微缺陷就拒绝保修

AGCM: Sanzione di 3,2 milioni a Xiaomi

July 18, 2022

Huairou Science City

On Saturday, Beijing Party Secretary Cai Qi and a phalanx of local officials took a scenic weekend trip to Beijing’s Huairou Science City. All the eggheads were along for the ride: Cai was joined by reps from the Ministry of Science Technology, the National Development and Reform Commission, and th…

On Saturday, Beijing Party Secretary Cai Qi and a phalanx of local officials took a scenic weekend trip to Beijing's Huairou Science City.
All the eggheads were along for the ride:

Cai was joined by reps from the Ministry of Science Technology, the National Development and Reform Commission, and th...

sources

cls.cn: 北京：围绕科学仪器和传感器发展加快推进关键元器件、重要设备等攻关突破

Gov.cn: 怀柔科学城

July 18, 2022

Kingsoft sees no evil

The CEO of Kingsoft thinks internet haters should give him a break. Kingsoft makes WPS Office – China’s version of Microsoft Office. ICYMI: Kingsoft found itself embroiled in controversy last week, when a user’s complaint about document censorship on cloud-stored files went viral. The user claim…

The CEO of Kingsoft thinks internet haters should give him a break.

Kingsoft makes WPS Office - China's version of Microsoft Office.

ICYMI: Kingsoft found itself embroiled in controversy last week, when a user's complaint about document censorship on cloud-stored files went viral.

The user claim...

sources

LatePost: https://www.latepost.com/news/dj_detail?id=1229

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162