string(13) "markets-macro"

Macro

June 6, 2022

Ant brings HKEX boss on board

On Thursday, Caixin reported that Ant Group has named Hong Kong bourse chief Laura Cha as an independent board member. Why it matters: The move has fueled speculation that Ali plans to revive its IPO. Some background on Cha: Cha currently chairs Hong Kong Exchanges and Clearing (HKEX). … Username Password Remember Me … Read More »

Cha currently chairs Hong Kong Exchanges and Clearing (HKEX).
...

sources

Caixin: 蚂蚁集团新聘港交所主席史美伦为独立董事

June 6, 2022

Financial hackathon

Foreign financial firms are pushing back against draft cybersecurity rules for the financial sector. Background: In April, China’s securities regulator (CSRC) issued draft cybersecurity measures designed to ensure financial firms are protected from cyber attacks. But: Last week, the Asia Secur…

Foreign financial firms are pushing back against draft cybersecurity rules for the financial sector.
Background: In April, China's securities regulator (CSRC) issued draft cybersecurity measures designed to ensure financial firms are protected from cyber attacks.
But: Last week, the Asia Secur...

sources

ASIFMA: ASIFMA response to CSRC consultation on Cybersecurity Measures in Securities and Futures Industries

Reuters: China's draft cybersecurity rules pose risks for financial firms, lobby group warns

CSRC: 中国证监会关于就《证券期货业网络安全管理办法（征求意见稿）》公开征求意见的通知

June 6, 2022

Data center automatons

On Tuesday, gov-affiliated tech think tank CAICT announced it is formulating a series of standards on data center maintenance robots. Yes, really. Who’s involved: CAICT will be partnering up with Alibaba, Tencent, and other tech companies to hash out the details. Background: Large-scale data cen…

On Tuesday, gov-affiliated tech think tank CAICT announced it is formulating a series of standards on data center maintenance robots.

Yes, really.

Who's involved: CAICT will be partnering up with Alibaba, Tencent, and other tech companies to hash out the details.
Background: Large-scale data cen...

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CAICT: 中国信通院启动数据中心智能运维机器人标准编制工作

June 6, 2022

Formatting the future

China’s city planning agency is standardizing the format of its residential building data. Wait, don’t leave, this is kinda important. On Sunday, the Ministry of Housing and Urban Rural Development (MoHURD) published standard JGJ/T496-2022, which outlines how to formulate and assign ID numbers to …

China's city planning agency is standardizing the format of its residential building data.

Wait, don't leave, this is kinda important.

On Sunday, the Ministry of Housing and Urban Rural Development (MoHURD) published standard JGJ/T496-2022, which outlines how to formulate and assign ID numbers to ...

sources

MoHURD: 住房和城乡建设部关于发布行业标准《房屋建筑统一编码与基本属性数据标准》的公告

June 6, 2022

Getting the MoST out of work resumption policies

On Wednesday, the Ministry of Science and Technology (MoST) called on China’s High-Tech and Entrepreneurship Zones to help stabilize the economy. Recap: On May 25, senior officials held an emergency teleconference with over 100,000 cadres nationwide to discuss the dire economic situation, and called…

On Wednesday, the Ministry of Science and Technology (MoST) called on China's High-Tech and Entrepreneurship Zones to help stabilize the economy.
Recap: On May 25, senior officials held an emergency teleconference with over 100,000 cadres nationwide to discuss the dire economic situation, and called...

sources

Ministry of Science and Technology: 科技部办公厅关于做好国家高新区、自创区稳增长稳市场主体保就业促创业和2022年高校毕业生等青年就业创业工作的通知

June 3, 2022

Stayin’ alight, stayin’ alight, ah, ha, ha, ha

Beijing wants to ensure the lights stay on this summer. Energy security features prominently in the State Council’s economic support package announced on May 23 (and publicly released on Tuesday). At issue: As power demand rises this summer, China is at risk of electricity shortages – and that’s eve…

Beijing wants to ensure the lights stay on this summer.
Energy security features prominently in the State Council's economic support package announced on May 23 (and publicly released on Tuesday).
At issue: As power demand rises this summer, China is at risk of electricity shortages – and that's eve...

sources

Gov.cn: 国务院关于印发扎实稳住经济一揽子政策措施的通知

June 3, 2022

Deep dive | RMB depreciation: No pain, no gain

Exec sum: Concerns about the Chinese economy and the divergence between its monetary policy and that of the US have triggered large-scale foreign outflows and, with it, echoes of the chaotic 2016 period. However, the similarities end there. In 2016, more foreign currency was leaving China than…

Exec sum:

Concerns about the Chinese economy and the divergence between its monetary policy and that of the US have triggered large-scale foreign outflows and, with it, echoes of the chaotic 2016 period.
However, the similarities end there. In 2016, more foreign currency was leaving China than...

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June 2, 2022

Ore galore

On Tuesday, the National Development and Reform Commission reported it was meeting with the iron and steel industry association (CISA) to review the industry’s “cornerstone plan” to wean itself off foreign iron ore. Some context: China’s steel industry depends heavily on imported ore – sourcing over…

On Tuesday, the National Development and Reform Commission reported it was meeting with the iron and steel industry association (CISA) to review the industry's "cornerstone plan" to wean itself off foreign iron ore.
Some context: China's steel industry depends heavily on imported ore – sourcing over...

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NDRC: 产业司负责同志组织召开加快推进国内重点铁矿项目建设研讨会

Caixin: 为降低铁矿石对外依存度中国将推铁矿“基石计划”

June 2, 2022

Stress-testing times

China’s central bank (PBoC) is doing its bit for the planet. On Wednesday, PBoC Governor Yi Gang said that the scope of climate-related stress testing in the financial sector is set to expand (SCMP). Some context: Last year, the PBoC stress-tested nearly two dozen of China’s biggest banks. It looke…

China’s central bank (PBoC) is doing its bit for the planet.
On Wednesday, PBoC Governor Yi Gang said that the scope of climate-related stress testing in the financial sector is set to expand (SCMP).
Some context: Last year, the PBoC stress-tested nearly two dozen of China’s biggest banks.

It looke...

sources

SCMP: China to expand climate-related stress testing of banks, central bank chief Yi Gang says

June 2, 2022

Freedom!

In case you missed the good news: Shanghai is back in action! On Wednesday, the bulk of lockdown measures lifted. And people are jubilant – with some folks throwing New Year’s Eve-style parties to count down the seconds to midnight. But the time for celebrating is short: Companies are wasting…

In case you missed the good news: Shanghai is back in action!
On Wednesday, the bulk of lockdown measures lifted.

And people are jubilant – with some folks throwing New Year’s Eve-style parties to count down the seconds to midnight.

But the time for celebrating is short: Companies are wasting...

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Yicai: 独家｜特斯拉上海已实施双班制 6月产量有望全面恢复正常

June 2, 2022

Infrastructure spending gets a new funding source

More fiscal stimulus is coming. On Wednesday, Premier Li Keqiang did that thing he does, presiding over the weekly State Council executive meeting. On the agenda: The same item that’s been there for several months now. Getting the economy back on its feet. Some context: On Tuesday, the State Counc…

More fiscal stimulus is coming.
On Wednesday, Premier Li Keqiang did that thing he does, presiding over the weekly State Council executive meeting.
On the agenda: The same item that’s been there for several months now.

Getting the economy back on its feet.

Some context: On Tuesday, the State Counc...

sources

Gov.cn: 李克强主持召开国务院常务会议部署加快稳经济一揽子政策措施落地生效等

June 2, 2022

It’s my livelihood and I need it now!

Jobs, moola, and livelihoods. On Wednesday, Premier Li Keqiang tackled all three as he presided over the weekly State Council executive meeting. And with good reason: China’s deteriorating job market is giving policymakers a run for their money. The official unemployment rate hit 6.1% in April, up …

Jobs, moola, and livelihoods.
On Wednesday, Premier Li Keqiang tackled all three as he presided over the weekly State Council executive meeting.
And with good reason: China’s deteriorating job market is giving policymakers a run for their money.

The official unemployment rate hit 6.1% in April, up ...

sources

Gov.cn: 李克强主持召开国务院常务会议部署加快稳经济一揽子政策措施落地生效等

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