string(13) "markets-macro"

Macro

May 11, 2022

Wang Qishan looks to woo new Korean president

On Tuesday, Vice President Wang Qishan visited Seoul for the inauguration of new South Korean President Yoon Suk-yeol. ICYMI: Apart from Wang Yi, few Chinese senior officials have traveled abroad in the COVID era. Some context: Wang’s visit followed Xi’s congratulatory phone call with Yoon on March … Username Password Remember Me Forgot… Read More »

On Tuesday, Vice President Wang Qishan visited Seoul for the inauguration of new South Korean President Yoon Suk-yeol.
ICYMI: Apart from Wang Yi, few Chinese senior officials have traveled abroad in the COVID era.
Some context: Wang’s visit followed Xi’s congratulatory phone call with Yoon on March ...

sources

Xinhua: 王岐山出席韩国新任总统尹锡悦就职仪式

MoFA: 习近平同韩国当选总统尹锡悦通电话

May 11, 2022

Ningxia gets a new chairman

As of Monday, all of China’s 31 provincial governments are headed by 6th generation officials (i.e. officials born in or after 1960). That’s following the appointment of Zhang Yupu (born 1962) as acting chairman of the Ningxia Hui Autonomous Region in China’s northwest. A little about Zhang: Born…

As of Monday, all of China's 31 provincial governments are headed by 6th generation officials (i.e. officials born in or after 1960).

That's following the appointment of Zhang Yupu (born 1962) as acting chairman of the Ningxia Hui Autonomous Region in China's northwest.

A little about Zhang:

Born...

sources

People.cn: 张雨浦任宁夏回族自治区代理主席

May 11, 2022

Grey is the new green

On May 10, the macro planner (NDRC) issued benchmarks to promote the development of “clean coal.” The benchmarks focus on improving the efficiency of China’s myriad coal production and consumption processes. New coal projects of all types must meet tech- and segment-specific efficiency benchmarks. …

On May 10, the macro planner (NDRC) issued benchmarks to promote the development of "clean coal."
The benchmarks focus on improving the efficiency of China's myriad coal production and consumption processes.

New coal projects of all types must meet tech- and segment-specific efficiency benchmarks.
...

sources

NDRC: 国家发展改革委等部门关于发布《煤炭清洁高效利用重点领域标杆水平和基准水平（2022年版）》的通知

May 11, 2022

Here we go again

On Tuesday, the macro planner (NDRC) and no less than 24 central government ministries and various local government agencies published a wide-ranging laundry list of measures they’ll pursue in 2022 to reduce costs for businesses. Take a swig of your beverage of choice as we dive in. According to t…

Take a swig of your beverage of choice as we dive in.

According to t...

sources

Gov.cn: 关于做好2022年降成本重点工作的通知

May 11, 2022

Lower, lower, lower

The central bank (PBoC) wants lower rates. In its Q1 Monetary Policy Report, issued Monday, the agency revealed that in April it introduced a new mechanism to guide where banks set deposit rates. Some context: Previously, banks were allowed to offer deposits rates at a predetermined number of basis …

The central bank (PBoC) wants lower rates.
In its Q1 Monetary Policy Report, issued Monday, the agency revealed that in April it introduced a new mechanism to guide where banks set deposit rates.
Some context: Previously, banks were allowed to offer deposits rates at a predetermined number of basis ...

sources

PBoC: 中国货币政策执行报告2022 年第一季度

May 11, 2022

Busy and important

The securities regulator wants you to know that it’s busy. Very busy. Over the last couple of days, financial regulators – first the central bank, then the banking and insurance regulator – have given interviews to Xinhua discussing what they’ve been doing to support the economy. On Tuesday, it was…

The securities regulator wants you to know that it’s busy. Very busy.
Over the last couple of days, financial regulators – first the central bank, then the banking and insurance regulator – have given interviews to Xinhua discussing what they've been doing to support the economy.

On Tuesday, it was...

sources

Xinhua: 统筹稳增长防风险保持资本市场平稳运行——访证监会副主席王建军

May 11, 2022

Turn more farmers into townies

On Friday, the Party Central Committee and the State Council issued a new guidelines on promoting county towns as key vehicles for urbanization. Some context: China’s transformation from a farming nation to a city-based society has been dramatic in recent decades, with the urbanization rate of perm…

On Friday, the Party Central Committee and the State Council issued a new guidelines on promoting county towns as key vehicles for urbanization.
Some context: China's transformation from a farming nation to a city-based society has been dramatic in recent decades, with the urbanization rate of perm...

sources

Gov.cn: 推进以县城为重要载体的城镇化建设——访国家发展改革委规划司有关负责人

Gov.cn: 中共中央办公厅国务院办公厅印发《关于推进以县城为重要载体的城镇化建设的意见》

Gov.cn: China to make county towns priority in new phase of urbanization

Huxiu: 1866个县城和2.93亿农民工，何去何从？

May 11, 2022

Beijing releases draft regs to promote the digital economy

On Saturday, the Beijing municipal government released draft regulations for promoting the city’s digital economy. The quick version: The regulations require local government bureaus to do their part to make Beijing a powerhouse for digital industry. To start with, that means making sure r…

On Saturday, the Beijing municipal government released draft regulations for promoting the city’s digital economy.
The quick version: The regulations require local government bureaus to do their part to make Beijing a powerhouse for digital industry.
To start with, that means making sure r...

sources

eChina Gov: 北京市数字经济促进条例（征求意见稿）

May 10, 2022

Don’t put all your nest eggs in one basket

The hour of privatized retirement savings is nigh. On Monday, Shanghai Securities News (SSN) scooped that the banking and insurance regulator (CBIRC) has issued an as-yet-unpublished circular to numerous banking and insurance institutions calling on them to develop their private pension management c…

The hour of privatized retirement savings is nigh.
On Monday, Shanghai Securities News (SSN) scooped that the banking and insurance regulator (CBIRC) has issued an as-yet-unpublished circular to numerous banking and insurance institutions calling on them to develop their private pension management c...

sources

Shanghai Securities News: 独家 | 银保监会：鼓励商业养老资金投资符合国家战略和产业政策的领域为资本市场和科技创新提供支持

May 10, 2022

We’re chipping in, too

In this time of economic stress, everyone’s keen to be seen doing their bit. On Monday, we noted comments from the central bank trumpeting its economic support measures. Now, it’s the banking and insurance regulator’s (CBIRC) turn. In an interview carried by Xinhua on Monday evening, CBIRC Vice Ch…

In this time of economic stress, everyone’s keen to be seen doing their bit.

On Monday, we noted comments from the central bank trumpeting its economic support measures. Now, it’s the banking and insurance regulator’s (CBIRC) turn.

In an interview carried by Xinhua on Monday evening, CBIRC Vice Ch...

sources

Shanghai Securities News: 专访｜中国银保监会副主席梁涛：千方百计支持实体经济发展助企纾困稳住宏观经济大盘

May 10, 2022

A new formulation

Monetary policy is now all about economic relief. On Monday, the central bank (PBoC) published its Q1 Monetary Policy Report. The thing that jumped out at us: The monetary policy formulation has changed – bigly. For over a year, the PBoC had said that monetary policy would be “moderate, precise, and…

Monetary policy is now all about economic relief.
On Monday, the central bank (PBoC) published its Q1 Monetary Policy Report.
The thing that jumped out at us: The monetary policy formulation has changed – bigly.
For over a year, the PBoC had said that monetary policy would be "moderate, precise, and...

sources

PBoC: 中国货币政策执行报告2022 年第一季度

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