string(13) "markets-macro"

Macro

May 30, 2022

ETFs join stock connect program

Foreign investors will soon be able to buy mainland ETFs. On Friday, the securities regulator (CSRC) said it will add exchange-traded-funds (ETFs) to the stock connect program linking mainland and Hong Kong equity markets. The CSRC set a two month preparation period. Some context: Laun… Username Password Remember Me Forgot Password

The CSRC set a two month preparation period.

Some context: Laun...

sources

CSRC: 关于就《关于交易型开放式基金纳入互联互通相关安排的公告》公开征求意见的通知

Caixin: 香港与内地将启动ETF互联互通｜星港钱潮

May 30, 2022

Embrace “Chinese characteristics” in everything

On Friday, Xi Jinping addressed a Politburo study session on Chinese civilization. ICYDK: Introduced by Hu Jintao in 2002, these monthly study sessions see outside experts invited to brief China’s most powerful men (and one woman) on various topics deemed important by China’s top leadership. Who spo…

On Friday, Xi Jinping addressed a Politburo study session on Chinese civilization.
ICYDK: Introduced by Hu Jintao in 2002, these monthly study sessions see outside experts invited to brief China's most powerful men (and one woman) on various topics deemed important by China's top leadership.
Who spo...

sources

Xinhua: 习近平在中共中央政治局第三十九次集体学习时强调把中国文明历史研究引向深入推动增强历史自觉坚定文化自信

People.cn: 面向2035高校哲学社会科学高质量发展行动计划

May 30, 2022

Spending tomorrow’s money today

China’s economic policymakers are getting creative. The latest: Officials are looking to employ fiscal funds slated for next year to fund tax breaks today. The details: On Friday, the Ministry of Finance (MoF) published a notice indicating that central authorities will look to further boost fisc…

China's economic policymakers are getting creative.

The latest: Officials are looking to employ fiscal funds slated for next year to fund tax breaks today.

The details: On Friday, the Ministry of Finance (MoF) published a notice indicating that central authorities will look to further boost fisc...

sources

Gov.cn: 关于提前下达第三批支持基层落实减税降费和重点民生等转移支付资金预算的通知

MoF: 财政部负责同志出席中共中央宣传部新闻发布会介绍财税改革与发展有关情况文字实录

May 30, 2022

Politburo approves new political consultation rules

Xi Jinping is on a never-ending mission to improve the Party’s governance capabilities. His latest attempt: Passing new rules to govern “political consultation,” which the Politburo reviewed at its latest meeting on Friday. Some context: Political consultation refers to the Party’s mechanism for get…

Xi Jinping is on a never-ending mission to improve the Party’s governance capabilities.
His latest attempt: Passing new rules to govern “political consultation,” which the Politburo reviewed at its latest meeting on Friday.
Some context: Political consultation refers to the Party’s mechanism for get...

sources

Xinhua: 中共中央政治局召开会议审议《中国共产党政治协商工作条例》中共中央总书记习近平主持会议

May 30, 2022

Shanghai’s plan for economic recovery

The Shanghai government is shifting gears – from pandemic-fighting mode to economy-saving mode. The latest: On Sunday, the municipal government released 50 relief measures to expedite economic recovery, after a two-month COVID lockdown. The biggest news: Beginning on Wednesday, Shanghai’s businesses…

The Shanghai government is shifting gears – from pandemic-fighting mode to economy-saving mode.
The latest: On Sunday, the municipal government released 50 relief measures to expedite economic recovery, after a two-month COVID lockdown.
The biggest news: Beginning on Wednesday, Shanghai's businesses...

sources

Shanghai.gov: 上海市人民政府关于印发《上海市加快经济恢复和重振行动方案》的通知

Gov.cn: 上海发布重振经济50条措施 6月1日起取消企业复工复产审批制度

Shanghai NHC: 上海2022年5月29日，新增本土新冠肺炎确诊病例6例新增本土无症状感染者61例无新增境外输入性新冠肺炎确诊病例新增境外输入性无症状感染者2例

The Paper: 6月1日零时起，上海有序恢复住宅小区出入、公共交通运营和机动车通行

May 30, 2022

Who you callin’ a long-term strategic competitor?

China’s foreign ministry is none too pleased with Washington’s China policy. In the past week, top foreign ministry personnel have taken umbrage with US Secretary of State Antony Blinken’s Thursday speech outlining the Biden administration’s approach to China. TL;DR: Blinken said the US was not seek…

China’s foreign ministry is none too pleased with Washington’s China policy.
In the past week, top foreign ministry personnel have taken umbrage with US Secretary of State Antony Blinken’s Thursday speech outlining the Biden administration’s approach to China.
TL;DR: Blinken said the US was not seek...

sources

US State Department: The Administration’s Approach to the People’s Republic of China

Global Times: US has serious misconceptions in its views on world, China and China-US ties: Wang Yi on Blinken’s ‘China policy’ speech

Twitter: Hua Chunying's Twitter

May 27, 2022

Xi lectures UN on human rights

United Nations High Commissioner for Human Rights Michelle Bachelet arrived in China on Monday for a six-day visit. It has been, um, awkward. On Tuesday, Bachelet had a virtual face-to-face with Xi Jinping. Xi didn’t exactly roll out the red carpet, telling Bachelet (MoFA): “When it comes to the is…

United Nations High Commissioner for Human Rights Michelle Bachelet arrived in China on Monday for a six-day visit.
It has been, um, awkward.
On Tuesday, Bachelet had a virtual face-to-face with Xi Jinping.
Xi didn’t exactly roll out the red carpet, telling Bachelet (MoFA):

“When it comes to the is...

sources

MoFA: 习近平会见联合国人权事务高级专员巴切莱特

Bloomberg: UN Corrects China on Human Rights Chief’s Actual Words to Xi

May 27, 2022

Shanghai nears end of lockdown

Finally! Shanghai’s two-month lockdown is near its end. How we know: On Thursday, Shanghai authorities announced that in-person classes for high school seniors and juniors can resume on June 6 (The Paper). Some context: The entire city has been in lockdown since April 1. COVID is finally under cont…

Finally!
Shanghai's two-month lockdown is near its end.
How we know: On Thursday, Shanghai authorities announced that in-person classes for high school seniors and juniors can resume on June 6 (The Paper).
Some context: The entire city has been in lockdown since April 1.
COVID is finally under cont...

sources

The Paper: 上海高三、高二学生从6月6日起复学，初三从6月13日起复学

Shanghai NHC: 上海2022年5月26日，新增本土新冠肺炎确诊病例45例新增本土无症状感染者219例新增境外输入性新冠肺炎确诊病例1例新增境外输入性无症状感染者6例

Shanghai NHC: 5月26日上海通报新冠肺炎防控情况

China News: 上海总用电量恢复至去年同期水平的78%以上

Bloomberg: Shanghai Port Rebounds as Lockdown Loosens But Backlog Remains

May 27, 2022

Potential US-China audit agreement flailing

If you feel like you’re getting whiplash from all the mixed messages on the cross-border audit situation, you’re not alone. Recap: Under the US Holding Foreign Companies Accountable Act, China must allow US securities regulators to access the audit working papers of US-listed Chinese companies,…

If you feel like you’re getting whiplash from all the mixed messages on the cross-border audit situation, you’re not alone.
Recap: Under the US Holding Foreign Companies Accountable Act, China must allow US securities regulators to access the audit working papers of US-listed Chinese companies,...

sources

WSJ: China Faces Growing Pressure to Iron Out Audit Deal With the U.S.

Reuters: 'Significant issues remain' in reaching deal over U.S.-listed Chinese company audits -SEC official

May 27, 2022

State Council aims to boost trade

On Thursday, the State Council issued a set of detailed guidelines to stabilize foreign trade. Top leaders have been concerned about flagging trade for a while: On May 10, Vice Premier Hu Chunhua chaired a teleconference to support foreign trade after export growth in April slowed to the weak…

On Thursday, the State Council issued a set of detailed guidelines to stabilize foreign trade.
Top leaders have been concerned about flagging trade for a while:

On May 10, Vice Premier Hu Chunhua chaired a teleconference to support foreign trade after export growth in April slowed to the weak...

sources

Gov.cn: 国务院办公厅印发《关于推动外贸保稳提质的意见》

May 27, 2022

Adjust your philosophy

Getting China’s banks to increase lending to small companies is a perennial headache. That’s why on Thursday, the central bank (PBoC) issued a detailed 20-point plan for a “long-term mechanism” to increase lending to micro and small enterprises (MSEs). Some context: Regulators have been pushing hard…

Getting China's banks to increase lending to small companies is a perennial headache.
That's why on Thursday, the central bank (PBoC) issued a detailed 20-point plan for a "long-term mechanism" to increase lending to micro and small enterprises (MSEs).
Some context: Regulators have been pushing hard...

sources

PBoC: 人民银行印发《关于推动建立金融服务小微企业敢贷愿贷能贷会贷长效机制的通知》

May 27, 2022

Revitalize your assets!

Are you desperate to boost economic activity but don’t have the big bucks for flashy new infrastructure? You should consider “revitalizing idle assets.” That’s was the State Council’s message in a circular to local governments issued Wednesday. Here’s the government’s thinking: China has built a …

Are you desperate to boost economic activity but don't have the big bucks for flashy new infrastructure?

You should consider “revitalizing idle assets.”

That’s was the State Council’s message in a circular to local governments issued Wednesday. Here's the government's thinking:

China has built a ...

sources

State Council: 国务院办公厅关于进一步盘活存量资产扩大有效投资的意见

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