string(13) "markets-macro"

Macro

April 27, 2022

Expand your investment horizons

It’s time to start thinking long-term. That was the securities regulator’s (CSRC’s) message on Tuesday when it dropped opinions on promoting the development of the publicly offered fund ecosystem. ICYDK: “Publicly offered funds” – as opposed to private funds – are open to all investors with no minim… Username Password Remember Me Forgot… Read More »

It’s time to start thinking long-term.
That was the securities regulator’s (CSRC’s) message on Tuesday when it dropped opinions on promoting the development of the publicly offered fund ecosystem.
ICYDK: “Publicly offered funds” – as opposed to private funds – are open to all investors with no minim...

sources

Gov.cn: 关于加快推进公募基金行业高质量发展的意见

April 27, 2022

Who controls the past controls the future

It’s all hands on deck getting China shipshape for the Party congress this fall. That means revving up the online censorship machine. On Monday and Tuesday, major social media platforms including Douyin, Toutiao, and Douban announced special campaigns to crack down on comments containing “historic…

It’s all hands on deck getting China shipshape for the Party congress this fall.

That means revving up the online censorship machine.

On Monday and Tuesday, major social media platforms including Douyin, Toutiao, and Douban announced special campaigns to crack down on comments containing “historic...

sources

Zaker: 豆瓣关闭“生活组”回复功能，开启对历史虚无主义内容的举报受理工作

NetEase: 头条号关于开展涉历史虚无主义违法和有害信息专项举报工作的公告

ebrun: 抖音将开展涉历史虚无主义违法和有害信息专项举报工作

April 27, 2022

Liu He faces pushback on property sector easing

Still puzzled by the government’s limited efforts to help the struggling property sector? One reason for Beijing’s restrained approach is that top policymakers do not agree on what should be done. On Wednesday, the Financial Times reported that top officials are clashing over whether and how to sup…

Still puzzled by the government’s limited efforts to help the struggling property sector?
One reason for Beijing's restrained approach is that top policymakers do not agree on what should be done.
On Wednesday, the Financial Times reported that top officials are clashing over whether and how to sup...

sources

FT: China policymakers clash over easing measures to counter property slump

April 27, 2022

An end to dodgy hair transplants

China’s market regulator (SAMR) wants a fairer business environment – but it won’t be easy. On Monday, SAMR kicked-off its “anti-unfair competition” enforcement campaign for 2022. Time to get pedantic: We know you wouldn’t, but some observers conflate anti-unfair competition laws with antitru…

China's market regulator (SAMR) wants a fairer business environment – but it won't be easy.
On Monday, SAMR kicked-off its “anti-unfair competition” enforcement campaign for 2022.
Time to get pedantic: We know you wouldn't, but some observers conflate anti-unfair competition laws with antitru...

sources

SAMR: 以公正监管保障公平竞争2022年反不正当竞争专项执法行动启动

April 27, 2022

Deep dive | China’s big country diplomacy (part one)

When Russia launched its invasion of Ukraine in late February, questions immediately began swirling. Among the most critical: How would Beijing react to its most important strategic partner launching a war of aggression on its neighbor? That’s quite a turnaround. China’s position on a conflict thou…

When Russia launched its invasion of Ukraine in late February, questions immediately began swirling.
Among the most critical: How would Beijing react to its most important strategic partner launching a war of aggression on its neighbor?
That’s quite a turnaround.

China’s position on a conflict thou...

sources

Qiushi: Foreign Affairs Work Since the Founding of the Communist Party of China: A Century of Glorious Achievements and a Future of Bright Prospects

FT: China struggles to win friends over South China Sea

East Asia Forum: Why has Chinese foreign policy become more assertive?

MoFA: Xi Jinping Urges Breaking New Ground in Major Country Diplomacy with Chinese Characteristics

MoFA: Full text of Xi Jinping's report at 19th CPC National Congress

MoFA: Democracy Says “No” to Arbitrary Definition of Certain Countries

Xinhua: China, Russia oppose any attempts to abuse democratic values: joint statement

April 27, 2022

Deep Dive | New standards on personal info collection in apps

You ready for Trivium’s data policy team to nerd out all over you? No? Too bad. On April 15, our favorite technical standards body, TC260, released a standard we’ve been waiting to see for over a year. It’s called Basic Requirements for Collecting Personal Information in Mobile Internet App…

It’s called Basic Requirements for Collecting Personal Information in Mobile Internet App...

sources

TC260: 10项网络安全国家标准获批发布

CAC: 关于印发《常见类型移动互联网应用程序必要个人信息范围规定》的通知

CAC: 关于印发《App违法违规收集使用个人信息行为认定方法》的通知

April 26, 2022

YOU get some coal, YOU get some coal…

Beijing is anxious to head off another coal crunch. On Monday, Shanxi provincial authorities called on coal producers to guarantee 41.2 million tons of coal production between May and December to help the cause. ICYMI: Central and provincial officials are still reeling from the autumn 2021 power out…

Beijing is anxious to head off another coal crunch.
On Monday, Shanxi provincial authorities called on coal producers to guarantee 41.2 million tons of coal production between May and December to help the cause.
ICYMI: Central and provincial officials are still reeling from the autumn 2021 power out...

sources

BJX: 7个省4770万吨！山西发布应急保障电煤供应保障通知

April 26, 2022

Platitudes schmatitudes

On Tuesday, the central bank (PBoC) posted a few thoughts on the recent volatility in China’s stock markets. ICYMI: Chinese stocks have tumbled, with investors’ anxiety about the ongoing Shanghai lockdown compounded by the COVID outbreak in Beijing. On Monday, the Shanghai Composite Index and CSI 3…

On Tuesday, the central bank (PBoC) posted a few thoughts on the recent volatility in China's stock markets.
ICYMI: Chinese stocks have tumbled, with investors' anxiety about the ongoing Shanghai lockdown compounded by the COVID outbreak in Beijing.

On Monday, the Shanghai Composite Index and CSI 3...

sources

PBoC: 央行回应金融市场出现波动：主要受投资者预期和情绪的影响

April 26, 2022

Unappreciative of the depreciation

Beijing is clearly getting a little nervous about the RMB’s decline. On Monday, the central bank (PBoC) announced that it will cut the reserve requirement ratio for banks’ foreign currency deposits to 8% from 9%, effective May 15. The change means banks can hold fewer foreign exchange reserves, fre…

Beijing is clearly getting a little nervous about the RMB’s decline.
On Monday, the central bank (PBoC) announced that it will cut the reserve requirement ratio for banks’ foreign currency deposits to 8% from 9%, effective May 15.

The change means banks can hold fewer foreign exchange reserves, fre...

sources

PBoC: 中国人民银行决定下调金融机构外汇存款准备金率

April 26, 2022

All consuming

The government really wants you to buy more stuff. On Monday, the State Council dropped guidelines for stimulating a recovery in consumption. According to the policy (Gov.cn): “Under the influence of the pandemic, consumption – particularly brick and mortar consumption – has recovered slowly.” “Sma…

The government really wants you to buy more stuff.
On Monday, the State Council dropped guidelines for stimulating a recovery in consumption.
According to the policy (Gov.cn):

“Under the influence of the pandemic, consumption – particularly brick and mortar consumption – has recovered slowly.”
“Sma...

sources

Gov.cn: 国务院办公厅关于进一步释放消费潜力促进消费持续恢复的意见

April 26, 2022

Staunching the bleed

China’s central bank has thrown developers a lifeline – kind of. On Monday, Bloomberg and Reuters revealed that the People’s Bank of China (PBoC) held a meeting last week with some of China’s biggest financial institutions to encourage them to lend more to struggling developers. In attendance at the…

China’s central bank has thrown developers a lifeline – kind of.
On Monday, Bloomberg and Reuters revealed that the People’s Bank of China (PBoC) held a meeting last week with some of China’s biggest financial institutions to encourage them to lend more to struggling developers.
In attendance at the...

sources

Reuters: China property firms joined c. bank talks on ways to help sector, sources say

Bloomberg: China Lets Banks Ease Financing to Distressed Developers

April 26, 2022

Hail to the Hebei chief

It isn’t just Sichuan that is welcoming a new Party secretary. On Friday, Xinhua announced Ni Yuefeng’s appointment as Party chief of Hebei. He replaced Wang Dongfeng, 64, who steps down having reached retirement age. Changes are afoot: Ni is 57 – relatively young for a provincial Party secretary. …

It isn’t just Sichuan that is welcoming a new Party secretary.
On Friday, Xinhua announced Ni Yuefeng's appointment as Party chief of Hebei. He replaced Wang Dongfeng, 64, who steps down having reached retirement age.
Changes are afoot: Ni is 57 – relatively young for a provincial Party secretary.

...

sources

Xinhua: 倪岳峰任河北省委书记王晓晖任四川省委书记

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