string(13) "markets-macro"

Macro

June 28, 2022

CBN, we have liftoff

It’s officially official: China’s new telecom is open for business. Recap: On May 26, we told you that China Broadnet (CBN) was gearing up to start issuing mobile numbers and offering 4G and 5G mobile subscriptions. That would put the telecom in direct competition with China’s big three service p… Username Password Remember Me … Read More »

It's officially official: China's new telecom is open for business.
Recap: On May 26, we told you that China Broadnet (CBN) was gearing up to start issuing mobile numbers and offering 4G and 5G mobile subscriptions.

That would put the telecom in direct competition with China's big three service p...

sources

21jingji.com: 中国广电5G正式放号，5G商用进入四大运营商时代

June 27, 2022

A ton of BRICS?

On Friday, Xi Jinping chaired a High-level Dialogue on Global Development, joined virtually by top leaders from 17 developing countries. Xi delivered a simple message (Gov.cn): “China will take pragmatic steps to continue to support the UN 2030 Agenda for Sustainable Development.” But this wasn’t …

On Friday, Xi Jinping chaired a High-level Dialogue on Global Development, joined virtually by top leaders from 17 developing countries.
Xi delivered a simple message (Gov.cn):

"China will take pragmatic steps to continue to support the UN 2030 Agenda for Sustainable Development."

But this wasn't ...

sources

Gov.cn: 习近平主持全球发展高层对话会并发表重要讲话

CGTN: Full text: Xi Jinping's speech at the High-level Dialogue on Global Development

June 27, 2022

Your country needs you!

Tech companies are getting the SOE treatment. On Thursday, China’s national planning agency (NDRC) and securities regulator (CSRC) said they were urging companies listed on Shanghai’s tech-focused STAR Market to step up to help the economy. Some context: Though not nearly as big as the Nasdaq,…

Tech companies are getting the SOE treatment.
On Thursday, China’s national planning agency (NDRC) and securities regulator (CSRC) said they were urging companies listed on Shanghai’s tech-focused STAR Market to step up to help the economy.
Some context: Though not nearly as big as the Nasdaq,...

sources

China Securities Journal: 国家发改委、证监会联合召开科创板上市公司扩大投资和促进就业座谈会

June 27, 2022

Balance sheet recession

Despite all the recent government support, China’s economic outlook is bleak. That was the message Saturday from two senior Chinese economists. Bloomberg cited Wang Yiming, an academic member of the central bank’s (PBoC) monetary policy committee, as saying achieving China’s 5.5% GDP growth target f…

Despite all the recent government support, China's economic outlook is bleak.
That was the message Saturday from two senior Chinese economists.
Bloomberg cited Wang Yiming, an academic member of the central bank’s (PBoC) monetary policy committee, as saying achieving China’s 5.5% GDP growth target f...

sources

Bloomberg: PBOC Adviser Says China GDP Target ‘Difficult’ to Achieve

Caixin: 国家金融与发展实验室李扬：金融与实体经济关系出现逆转

June 27, 2022

Planes, trains, and water-mobiles

On Friday, four government departments – led by the Ministry of Transport (MoT) – issued opinions on how the country is going to decarbonize travel and transportation. That includes air, road, rail, and water. Some context: Transport is China’s third-largest source of emissions, representing just…

On Friday, four government departments – led by the Ministry of Transport (MoT) – issued opinions on how the country is going to decarbonize travel and transportation.

That includes air, road, rail, and water.

Some context: Transport is China's third-largest source of emissions, representing just...

sources

Yicai: 四部门：有序开展纯电动、氢燃料电池、可再生合成燃料车辆、船舶的试点

June 27, 2022

RMBLA On

Who doesn’t love the opening of a new pool – and just in time for summer, too! On Saturday, China’s central bank (PBoC) said that it will create a pool of yuan-denominated reserves with the Bank for International Settlements (BIS) and five overseas monetary authorities. The PBoC said the RMB Liquidi…

Who doesn’t love the opening of a new pool – and just in time for summer, too!
On Saturday, China’s central bank (PBoC) said that it will create a pool of yuan-denominated reserves with the Bank for International Settlements (BIS) and five overseas monetary authorities.
The PBoC said the RMB Liquidi...

sources

PBoC: 中国人民银行参加国际清算银行发起的人民币流动性安排

BIS: BIS announces Renminbi Liquidity Arrangement

June 27, 2022

Xi ally takes over public security

A Xi Jinping confidant just solidified control over much of China’s security apparatus. On Friday, Wang Xiaohong was finally appointed as Minister of Public Security (MPS), and concurrently appointed deputy secretary of the Political and Legal Affairs Commission (PLAC) – the Party’s top body for ov…

A Xi Jinping confidant just solidified control over much of China's security apparatus.
On Friday, Wang Xiaohong was finally appointed as Minister of Public Security (MPS), and concurrently appointed deputy secretary of the Political and Legal Affairs Commission (PLAC) – the Party's top body for ov...

sources

The Paper: 全国人民代表大会常务委员会决定：王小洪任公安部部长

CE.cn: 王小洪任中央政法委副书记

June 27, 2022

Party congress hype begins with public suggestions

China just conducted the biggest online opinion poll ever…sort of. On Monday, the People’s Daily announced that the Party has received over 8.5 million suggestions from the public, in response to an online campaign in the run-up to the 20th Party Congress this fall. Some context: Held once every f…

China just conducted the biggest online opinion poll ever...sort of.
On Monday, the People's Daily announced that the Party has received over 8.5 million suggestions from the public, in response to an online campaign in the run-up to the 20th Party Congress this fall.
Some context: Held once every f...

sources

People's Daily: 善于通过互联网等各种渠道问需于民问计于民更好倾听民声尊重民意顺应民心

June 27, 2022

Beijing calls out localities for COVID over-reaction

The central government is clearly worried about the negative impact on the economy from overly excessive COVID restrictions. In fact, on Friday, the State Council’s inter-agency COVID response team held a press conference to name and shame a number of local governments for over-reacting to COVID ris…

The central government is clearly worried about the negative impact on the economy from overly excessive COVID restrictions.
In fact, on Friday, the State Council's inter-agency COVID response team held a press conference to name and shame a number of local governments for over-reacting to COVID ris...

sources

Gov.cn: 国务院联防联控机制发布会：科学精准执行国家统一的疫情防控政策

21st Century Biz: 杭州常态化核酸检测频次再调整，从72小时延长至7天

The Paper: 苏州：市民进入公共场所、乘坐公共交通，不再查验核酸证明

June 27, 2022

Antitrust law takes aim at big tech

It’s done. It’s here. It has arrived. On Friday, China’s legislature (NPCSC) passed amendments to the Anti-Monopoly Law (AML), after two rounds of revision. The amendments will go into effect on August 1, 2022. Spoiler alert: Thanks to the changes, big tech is set to face increased antitrust scr…

It's done. It's here. It has arrived.
On Friday, China’s legislature (NPCSC) passed amendments to the Anti-Monopoly Law (AML), after two rounds of revision.

The amendments will go into effect on August 1, 2022.

Spoiler alert: Thanks to the changes, big tech is set to face increased antitrust scr...

sources

NPC: 全国人民代表大会宪法和法律委员会关于《中华人民共和国反垄断法（修正草案）》审议结果的报告

Caixin: 反垄断法完成首修平台经济监管入法

June 27, 2022

Goldman finally gets there

China’s main street is about to meet Wall Street. On Friday, Industrial and Commercial Bank of China (ICBC) – the world’s biggest bank – announced that its wealth management JV with Goldman Sachs won the green light from China’s securities regulator (CSRC) to start operations. Some context: While G…

China's main street is about to meet Wall Street.
On Friday, Industrial and Commercial Bank of China (ICBC) - the world's biggest bank - announced that its wealth management JV with Goldman Sachs won the green light from China’s securities regulator (CSRC) to start operations.
Some context: While G...

sources

The Paper: 第四家合资理财公司高盛工银理财获批开业，注册地为上海

Reuters: UPDATE 1-China approves Goldman Sachs, ICBC joint wealth management venture

June 27, 2022

Are China’s PIPL compliance rules slowly creeping overseas?

On Friday, information security standardization body TC260 released new security guidelines on sending Chinese citizens’ personal information abroad. Quick background: The Personal Information Protection Law (PIPL) requires organizations to pass a security certification before sending Chinese citize…

On Friday, information security standardization body TC260 released new security guidelines on sending Chinese citizens' personal information abroad.
Quick background: The Personal Information Protection Law (PIPL) requires organizations to pass a security certification before sending Chinese citize...

sources

TC260: 关于发布《网络安全标准实践指南—个人信息跨境处理活动安全认证规范》的通知

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162