string(13) "markets-macro"

Macro

July 7, 2022

Merger mania

China’s banking sector consolidation is heating up again. On Wednesday, the banking regulator’s (CBIRC) Hebei province branch said that Zhangjiakou Bank will absorb Fucheng Jiayin Rural Bank and Wuqiang Jiayin Rural Bank. This follows Shenyang Rural Commercial Bank announcing it’s taken over Liaoya… Username Password Remember Me Forgot Password

This follows Shenyang Rural Commercial Bank announcing it's taken over Liaoya...

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CBIRC: 河北银保监局关于武强家银村镇银行股份有限公司解散的批复

CBIRC: 河北银保监局关于阜城家银村镇银行股份有限公司解散的批复

Shenyang Rural Commercial Bank: 公告

Caixin: 辽阳农商行网点、人员、存款已由沈阳农商行承接

July 7, 2022

Too much refining spoils the broth

On Wednesday, the Ministry of Commerce (MofCom) issued its latest batch of fuel export quotas, taking total allowances in 2022 to 22.5 million tons. That represents a 40% drop compared to the same period last year. Why the drop? Controlling emissions is officially part of Beijing’s motivation for …

On Wednesday, the Ministry of Commerce (MofCom) issued its latest batch of fuel export quotas, taking total allowances in 2022 to 22.5 million tons.

That represents a 40% drop compared to the same period last year.

Why the drop? Controlling emissions is officially part of Beijing's motivation for ...

July 7, 2022

Hands off, warns Premier Li

Don’t you dare embezzle the economic support money. That was Premier Li Keqiang’s warning to local officials at the weekly State Council meeting Wednesday. Some context: The National Audit Office’s audit of the 2021 central budget implementation, concluded in late June, revealed a host of issues i…

Don’t you dare embezzle the economic support money.

That was Premier Li Keqiang’s warning to local officials at the weekly State Council meeting Wednesday.

Some context: The National Audit Office's audit of the 2021 central budget implementation, concluded in late June, revealed a host of issues i...

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Xinhua: 李克强主持召开国务院常务会议

July 7, 2022

Data dump – H1 land sales

On Tuesday, real estate consultancy E-House released a slew of data on government land sales. Warning: The data is not for the faint of heart. In H1 2022, total transaction value was down 55% and 50% versus H1 2021 and H2 2021, respectively. Things are bad everywhere, but worse in smaller cities: …

On Tuesday, real estate consultancy E-House released a slew of data on government land sales.
Warning: The data is not for the faint of heart.

In H1 2022, total transaction value was down 55% and 50% versus H1 2021 and H2 2021, respectively.

Things are bad everywhere, but worse in smaller cities:
...

sources

Caixin: 全国土地市场供需两弱上半年成交金额下跌超五成

July 7, 2022

SAMR tests waters on Alibaba

Last week, we told you that M&A antitrust reviews were set to increase in intensity following recently passed amendments to the Anti-Monopoly Law. Case in point: Last Monday, the Zhejiang branch of China’s antitrust regulator (SAMR) announced a pilot to experiment with some new enforcement trick…

Last week, we told you that M&A antitrust reviews were set to increase in intensity following recently passed amendments to the Anti-Monopoly Law.
Case in point: Last Monday, the Zhejiang branch of China’s antitrust regulator (SAMR) announced a pilot to experiment with some new enforcement trick...

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Zhejiang SAMR: 浙江省市场监督管理局关于印发《浙江省省域公平竞争政策先行先试改革实施方案》的通知

July 7, 2022

How to share the mighty Mekong

The Mekong – Southeast Asia’s longest river – is critically important for the livelihoods of the 70 million people who live along its watershed. So we took note when Foreign Minister Wang Yi headed to Bagan, Myanmar, for the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers’ meeting on Mond…

The Mekong – Southeast Asia's longest river – is critically important for the livelihoods of the 70 million people who live along its watershed.
So we took note when Foreign Minister Wang Yi headed to Bagan, Myanmar, for the seventh Lancang-Mekong Cooperation (LMC) Foreign Ministers' meeting on Mond...

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MoFA: 王毅谈中方下阶段六大惠湄举措

SCMP: China pledges to share more data on the Mekong River with downstream nations

July 7, 2022

Playing backup

On Tuesday, Nanhai published a plan to attract RMB 50 billion in semiconductor investment over the next ten years. The money will go towards developing an industrial base to support chip production in the Greater Bay Area. According to Wang Yong, deputy secretary of the Nanhai District Committee,…

On Tuesday, Nanhai published a plan to attract RMB 50 billion in semiconductor investment over the next ten years.

The money will go towards developing an industrial base to support chip production in the Greater Bay Area.

According to Wang Yong, deputy secretary of the Nanhai District Committee,...

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Gov.cn: 南海区提出十年投入500亿元，打造湾区半导体制造业重要基地和集聚区

July 7, 2022

Are we having fun “going out” yet?

On Tuesday, an Indian government agency raided the India-based offices of Vivo and its distributors. The stated reason: Suspected money laundering. Recap: This isn’t the first time the Indian government busted down the doors of Chinese tech firms. Similar raids have been carried out on Huawei, Xia…

On Tuesday, an Indian government agency raided the India-based offices of Vivo and its distributors.
The stated reason: Suspected money laundering.
Recap: This isn't the first time the Indian government busted down the doors of Chinese tech firms.

Similar raids have been carried out on Huawei, Xia...

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Caixin: 遭印度政府“突袭” vivo回应正配合调查

The Times of India: ED raids 40 locations linked to Vivo, other Chinese firms in money laundering case

MoFA: 2022年7月6日外交部发言人赵立坚主持例行记者会

July 7, 2022

SOEs funding healthtech unicorns?

Is the overseas IPO lockdown driving startups into the arms of the state? On Tuesday, Chinese media reported that healthcare unicorn WeDoctor had received over RMB 1 billion in funding from the Shandong government’s state-owned industrial investment fund. Background: Tencent-backed WeDoctor is one o…

Is the overseas IPO lockdown driving startups into the arms of the state?
On Tuesday, Chinese media reported that healthcare unicorn WeDoctor had received over RMB 1 billion in funding from the Shandong government's state-owned industrial investment fund.
Background: Tencent-backed WeDoctor is one o...

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CE.cn: 微医新获超10亿元融资，“数字健共体”业务缘何受国资青睐？

July 7, 2022

Li doubles down on digital government

On Wednesday, Premier Li Keqiang chaired the weekly meeting of the State Council. On the agenda: Leveraging digital government services to get the economy back on track. Recap: Keeping the economy from tanking has been pretty much the only thing on the State Council’s mind for the last three month…

On Wednesday, Premier Li Keqiang chaired the weekly meeting of the State Council.
On the agenda: Leveraging digital government services to get the economy back on track.
Recap: Keeping the economy from tanking has been pretty much the only thing on the State Council's mind for the last three month...

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Gov.cn: 李克强主持召开国务院常务会议部署中央预算执行和其他财政收支审计查出问题整改工作等

Bloomberg: China’s Cabinet Urges Greater Cybersecurity After Data Leak

July 7, 2022

NMPA releases medical AI data quality standards

Yesterday, the National Medical Products Administration (NMPA) published a technical standard that caught our eye: quality requirements for data sets that feed AI-powered medical devices. Context: AI medicine is an emerging but highly promising sector, with applications ranging from assisted disease…

Yesterday, the National Medical Products Administration (NMPA) published a technical standard that caught our eye: quality requirements for data sets that feed AI-powered medical devices.
Context: AI medicine is an emerging but highly promising sector, with applications ranging from assisted disease...

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NMPA: 国家药监局关于发布YY /T 1833.1-2022《人工智能医疗器械质量要求和评价第1部分：术语》等 18项医疗器械行业标准的公告（2022年第52号）

CN Pharm: 人工智能医疗器械质量要求和评价第 2 部分：数据集通用要求

July 7, 2022

Shenzhen’s new autonomous vehicle regs are a big step forward for robocar development

On Tuesday, the Shenzhen Special Economic Zone published China’s first general regulation governing the testing and use of intelligent connected vehicles (ICVs). This is the final version of a regulation that has undergone successive rounds of drafts since early 2021. These regulations are a big …

On Tuesday, the Shenzhen Special Economic Zone published China’s first general regulation governing the testing and use of intelligent connected vehicles (ICVs).

This is the final version of a regulation that has undergone successive rounds of drafts since early 2021.

These regulations are a big ...

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Shenzhen Gov.cn: 深圳市第七届人民代表大会常务委员会公告（第五十五号）

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