string(13) "markets-macro"

Macro

May 24, 2022

I’m not panicking. You’re panicking

If Beijing isn’t panicking, it’s getting close. On Monday, the State Council rolled out another raft of economic support measures. Even more, we hear you ask. But why? “[Because] the current downward pressure on the economy continues to increase.” Yep. Checks out. These new measures include some s… Username Password Remember Me Forgot… Read More »

If Beijing isn’t panicking, it’s getting close.
On Monday, the State Council rolled out another raft of economic support measures.
Even more, we hear you ask. But why?

“[Because] the current downward pressure on the economy continues to increase.”

Yep. Checks out.
These new measures include some s...

sources

State Council: 李克强主持召开国务院常务会议进一步部署稳经济一揽子措施

May 24, 2022

ESCAPist fantasy

As Washington tries to woo China’s neighbors, Beijing is doubling down on its economic ties with regional partners. On Monday, Foreign Minister Wang Yi addressed the opening ceremony of the 78th session of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) via video link. Some co…

As Washington tries to woo China’s neighbors, Beijing is doubling down on its economic ties with regional partners.
On Monday, Foreign Minister Wang Yi addressed the opening ceremony of the 78th session of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) via video link.
Some co...

sources

MoFA: Wang Yi Attends and Addresses the Opening Ceremony of the 78th Session of the UN Economic and Social Commission for Asia and the Pacific

Gov.cn: 王毅出席联合国亚太经社会第78届年会开幕式并致辞

May 24, 2022

Li Keqiang reaches out to Aussie PM

On Monday, Premier Li Keqiang sent congratulations to Australia’s new Prime Minister Anthony Albanese on his recent election win. Why that’s interesting: Li’s letter marks the first high-level interaction between the two countries since January 2020. Some context: Bilateral relations have been parti…

On Monday, Premier Li Keqiang sent congratulations to Australia’s new Prime Minister Anthony Albanese on his recent election win.
Why that's interesting: Li's letter marks the first high-level interaction between the two countries since January 2020.
Some context: Bilateral relations have been parti...

sources

MoFA: 李克强向澳大利亚新任总理阿尔巴尼斯致贺电

The Guardian: Australia’s new PM flags ‘difficult’ China ties as he heads to Tokyo for Quad meeting,

May 24, 2022

Didi bids the US bye-bye

Well, it happened. It’s done. That’s it. On Monday, Didi’s shareholders voted to allow the company to delist from the New York Stock Exchange. Not that they had much choice in the matter. China’s cyberspace regulator (CAC) required the delisting as a condition of completing its cybersecurity probe…

Well, it happened. It's done. That's it.
On Monday, Didi’s shareholders voted to allow the company to delist from the New York Stock Exchange.
Not that they had much choice in the matter.

China’s cyberspace regulator (CAC) required the delisting as a condition of completing its cybersecurity probe...

sources

FT: Didi investors vote to delist in US in bid to revive China business

SCMP: Didi shareholders give green light for New York delisting after IPO saga sees US$60 billion in value evaporate

May 23, 2022

Funding farming, again

China’s farmers just got a subsidy surprise. On Sunday, the Ministry of Finance announced it had allocated an additional RMB 10 billion “one-time” subsidy to farmers that plant grain, at the instruction of the Party Central Committee and State Council. ICYMI: MoF already allocated RMB 20 billion in …

China's farmers just got a subsidy surprise.
On Sunday, the Ministry of Finance announced it had allocated an additional RMB 10 billion "one-time" subsidy to farmers that plant grain, at the instruction of the Party Central Committee and State Council.
ICYMI: MoF already allocated RMB 20 billion in ...

sources

Gov.cn: 中央财政下达资金100亿元再次向实际种粮农民发放一次性农资补贴

SCMP: China pledges US$1.5b in grain farmer subsidies to offset soaring production costs

May 23, 2022

Making forex markets SAFEer

On Friday, the forex regulator (SAFE) said it will launch more derivatives instruments for the market to hedge against exchange rate risk. Some context: China’s nascent forex derivatives market only provides the most basic trading instruments, such as forward, swaps, and European options.&nbsp…

On Friday, the forex regulator (SAFE) said it will launch more derivatives instruments for the market to hedge against exchange rate risk.
Some context: China’s nascent forex derivatives market only provides the most basic trading instruments, such as forward, swaps, and European options. ...

sources

SAFE: 国家外汇管理局副局长、新闻发言人王春英就《关于进一步促进外汇市场服务实体经济有关措施的通知》答记者问

May 23, 2022

Risky (mitigation) business

Regulators want investors to rethink their aversion to funding China’s private property developers. On Friday, Caixin reported that China’s interbank bond market regulator (NAFMII) has launched a program to boost private developers’ bond issuance. ICYMI: We flagged this Wednesday, but we’re back wit…

Regulators want investors to rethink their aversion to funding China's private property developers.
On Friday, Caixin reported that China’s interbank bond market regulator (NAFMII) has launched a program to boost private developers’ bond issuance.
ICYMI: We flagged this Wednesday, but we’re back wit...

sources

Caixin: China Boosts Support for Private Companies’ Bond Sales as Economy Falters

May 23, 2022

Meanwhile, out in the countryside…

The banking regulator is clearly a little nervous about goings-on in the sticks. On Friday, the banking and insurance regulator (CBIRC) said that risk at small and medium-sized rural banks needs some serious attention. The CBIRC’s comments were cited in the local press as being delivered by an unna…

The banking regulator is clearly a little nervous about goings-on in the sticks.
On Friday, the banking and insurance regulator (CBIRC) said that risk at small and medium-sized rural banks needs some serious attention.

The CBIRC’s comments were cited in the local press as being delivered by an unna...

sources

Caixin: 银保监会：近四年处置高风险农村中小银行不良贷款超前十年之和

Caixin: Chinese Banking Watchdog Says It’s Looking Into Rural Lenders Who Froze Online Services

May 23, 2022

A Diaoyutai session with Premier Li

Premier Li Keqiang is staying positive with the foreign business community. On Thursday, China’s reassurer-in-chief told foreign business leaders that Beijing will keep opening up, remain a hot spot for investment, and help foreign firms cope with COVID-19 restrictions. Li’s remarks came at sit-d…

Premier Li Keqiang is staying positive with the foreign business community.

On Thursday, China's reassurer-in-chief told foreign business leaders that Beijing will keep opening up, remain a hot spot for investment, and help foreign firms cope with COVID-19 restrictions.

Li's remarks came at sit-d...

sources

Xinhua: 李克强出席中国贸促会建会70周年座谈会

SCMP: Beijing mulls reducing hotel quarantine to one week for international travelers with 7+7 policy, sources say

May 23, 2022

COVID lockdown looms over Beijing

China’s capital city has a slowly bubbling COVID situation that looks set to boil over soon. The latest: On Sunday, Beijing reported 96 new infections, 17 of which were found outside of the quarantined population. What that means: Those 17 new cases are separate from known transmission chains, so th…

China's capital city has a slowly bubbling COVID situation that looks set to boil over soon.
The latest: On Sunday, Beijing reported 96 new infections, 17 of which were found outside of the quarantined population.
What that means: Those 17 new cases are separate from known transmission chains, so th...

sources

Beijing NHC: 北京5月22日新增83例本土确诊病例和16例本土无症状感染者治愈出院42例

Beijing NHC: 北京新增本土新冠肺炎病毒感染者情况及健康提示

Caixin: 北京丰台全域提级管控公交地铁停运封站、出租车限制运营

Caixin: 北京疫情拐点未现海淀社区将封闭式管理一周

May 23, 2022

Now this is a multilateral economic framework

On Sunday, US President Joe Biden got some advice for his newly unveiled Indo-Pacific Economic Framework (IPEF) from an unlikely source. Chinese Foreign Minister Wang Yi. Some context: Just before we went to press, US President Joe Biden unveiled the IPEF in Tokyo, a 13 country economic framework …

On Sunday, US President Joe Biden got some advice for his newly unveiled Indo-Pacific Economic Framework (IPEF) from an unlikely source.

Chinese Foreign Minister Wang Yi.

Some context: Just before we went to press, US President Joe Biden unveiled the IPEF in Tokyo, a 13 country economic framework ...

sources

Xinhua: U.S. "Indo-Pacific Strategy" bound to fail: Chinese FM

FT: Joe Biden waters down Indo-Pacific Economic Framework to win more support

May 23, 2022

More pilots policies for fair competition

On Friday, the national market regulator, SAMR, announced that nine provinces and municipalities will conduct four pilots on different aspects of the fair competition review mechanism. Why this mechanism matters: The mechanism is key to central government efforts to scrutinize regulations and polici…

On Friday, the national market regulator, SAMR, announced that nine provinces and municipalities will conduct four pilots on different aspects of the fair competition review mechanism.
Why this mechanism matters: The mechanism is key to central government efforts to scrutinize regulations and polici...

sources

Gov.cn: 市场监管总局部署开展公平竞争审查制度创新试点

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162