string(13) "markets-macro"

Macro

June 21, 2022

Ed cat bounce

Is China’s edtech sector coming back to life? ICYMI: Throughout 2021, the central government released multiple directives under its “Double Reduction” policy to reduce the burden of private tutoring on China’s overworked schoolkids. Among other things, the policy requires edtech companies to re-reg… Username Password Remember Me Forgot Password

Among other things, the policy requires edtech companies to re-reg...

sources

Caixin: “双语带货”暴红新东方在线股价暴涨

June 21, 2022

MoHURD gets a new head

Ni hao, Ni Hong. Now sort out the property market. China’s housing regulator (MoHURD) just got a new boss. On Friday, Ni Hong, already a MoHURD vice-minister, was appointed the head of its Party group (Xinhua). Ni will almost certainly become MoHURD minister at China’s bi-monthly legislative sessio…

Ni will almost certainly become MoHURD minister at China's bi-monthly legislative sessio...

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Xinhua: 倪虹同志任住房和城乡建设部党组书记

June 21, 2022

The pitter-patter of grey matter

The Chinese Communist Party wants more and better feedback from the peanut gallery. On Monday, the CCP Central Committee issued new regulations on “political consultation work.” Some context: Despite running the country as a firmly one-Party state, Chinese policymakers often seek input from non-CCP …

The Chinese Communist Party wants more and better feedback from the peanut gallery.
On Monday, the CCP Central Committee issued new regulations on “political consultation work.”
Some context: Despite running the country as a firmly one-Party state, Chinese policymakers often seek input from non-CCP ...

sources

Xinhua: 中共中央印发《中国共产党政治协商工作条例》

June 21, 2022

A serious effort

On Monday, Xinhua released more details about the Party’s push to restrict business activities of senior cadres’ family members. Recall: The rules announced on Sunday apply to cadres of department director-level and above This renewed campaign turns out to be a lot more actionable than we previous…

On Monday, Xinhua released more details about the Party’s push to restrict business activities of senior cadres’ family members.

Recall: The rules announced on Sunday apply to cadres of department director-level and above

This renewed campaign turns out to be a lot more actionable than we previous...

sources

Xinhua: 不断推进党的自我革命的生动实践——规范领导干部配偶、子女及其配偶经商办企业行为工作综述

June 21, 2022

Henan braces for a spanking

Officials in Henan province who abused COVID-19 protocols to silence social unrest are set to get punished. On Friday, state television reported that a local branch of China’s anti-corruption watchdog (CCDI) is investigating abuse of the digital health code system by Henan officials. The same day, …

Officials in Henan province who abused COVID-19 protocols to silence social unrest are set to get punished.
On Friday, state television reported that a local branch of China's anti-corruption watchdog (CCDI) is investigating abuse of the digital health code system by Henan officials.

The same day, ...

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Shanghai Securities News: 郑州市纪委监委启动对赋红码问题调查问责程序

The Paper: 河南重申：健康码仅用于疫情防控和服务人民身体健康

June 21, 2022

WeChat officially bans NFT trading

On Monday, WeChat updated its platform rules to ban content related to non-fungible token (NFT) trading. Some context: There have been early signs that WeChat intended to clamp down on NFT-related content. In March, WeChat started banning WeChat social media accounts for illegally facilitatin…

In March, WeChat started banning WeChat social media accounts for illegally facilitatin...

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WeChat: 微信公众平台运营规范

Jiemian: 微信公号再立新规：不可提供数字藏品二级交易相关服务

June 21, 2022

Blockchain ships go raw

On Friday, the Ministry of Transport (MoT) released instructions for establishing a national blockchain-based platform to track shipments of raw materials. That will include tracking everything from bulk shipments of coal to agricultural commodities, like grain. Some context: China has been p…

On Friday, the Ministry of Transport (MoT) released instructions for establishing a national blockchain-based platform to track shipments of raw materials.

That will include tracking everything from bulk shipments of coal to agricultural commodities, like grain.

Some context: China has been p...

sources

MoT: 交通运输部办公厅关于印发《基于区块链的进口干散货进出港业务电子平台建设指南》的通知

June 21, 2022

Blocking a blockbuster?

On Sunday, Netease delayed the launch of its much-anticipated blockbuster mobile game Diablo Immortal. The launch was originally scheduled for this week. The official reason: Netease needs more time to optimize the game. Except… no one is buying that explanation. Word on the stree…

On Sunday, Netease delayed the launch of its much-anticipated blockbuster mobile game Diablo Immortal.

The launch was originally scheduled for this week.

The official reason: Netease needs more time to optimize the game.

Except... no one is buying that explanation.

Word on the stree...

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FT: NetEase shares fall after nationalist backlash in China over Winnie the Pooh post

Twitter: 暴雪：这个世界需要英雄。

June 21, 2022

Shanghai’s got the (computing) power

Shanghai is pitching in to boost China’s national computing power. On Friday, the Shanghai Communications Administration released a three-year plan to build more, smarter, and faster data centers in the region. Policy background: This plan is part of a national push to create a national network of …

Shanghai is pitching in to boost China's national computing power.
On Friday, the Shanghai Communications Administration released a three-year plan to build more, smarter, and faster data centers in the region.
Policy background: This plan is part of a national push to create a national network of ...

sources

Shanghai.gov: 上海市通信管理局关于印发《新型数据中心“算力浦江”行动计划（2022-2024年）》的通知

June 21, 2022

Tiktok moves to Oracle servers

On Friday, Reuters announced that Tiktok had completed moving its U.S. user data to Oracle servers. Recap: In August 2020, the Trump Administration ordered ByteDance to divest TikTok, citing concerns that ByteDance could be passing American user data to the Chinese government. Biden hasn…

On Friday, Reuters announced that Tiktok had completed moving its U.S. user data to Oracle servers.
Recap: In August 2020, the Trump Administration ordered ByteDance to divest TikTok, citing concerns that ByteDance could be passing American user data to the Chinese government.

Biden hasn...

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Reuters: Exclusive: TikTok moves U.S. user data to Oracle servers

Buzzfeed: Leaked Audio From 80 Internal TikTok Meetings Shows That US User Data Has Been Repeatedly Accessed From China

June 21, 2022

New digital red envelopes

On Monday, JD said that consumer use of the digital yuan (e-CNY) during this year’s summer 6.18 shopping festival has shot up over last year. Recap: In recent months, local governments have begun using digital yuan giveaways to both encourage adoption of the new digital currency and boost stagnating…

On Monday, JD said that consumer use of the digital yuan (e-CNY) during this year's summer 6.18 shopping festival has shot up over last year.
Recap: In recent months, local governments have begun using digital yuan giveaways to both encourage adoption of the new digital currency and boost stagnating...

sources

Shanghai Securities News: 数字人民币红包助阵 6月份消费数据值得期待

June 21, 2022

Xi you never, Tesla

On Monday, traffic police told Reuters that Tesla vehicles won’t be allowed near Beidaihe for at least two months, beginning in July. ICYDK: Beidaihe, on the Hebei coast, hosts an annual but super-secret summer meeting of China’s top leaders, including Xi Jinping. Bonus fact: Tesla cars were also…

On Monday, traffic police told Reuters that Tesla vehicles won't be allowed near Beidaihe for at least two months, beginning in July.
ICYDK: Beidaihe, on the Hebei coast, hosts an annual but super-secret summer meeting of China's top leaders, including Xi Jinping.
Bonus fact: Tesla cars were also...

sources

Reuters: Tesla cars barred for 2 months in Beidaihe, site of China leadership meet

CAC: 汽车数据安全管理若干规定（试行）

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