string(13) "markets-macro"

Macro

April 22, 2022

Time to Shell out?

On Thursday, Bloomberg scooped that CNOOC, CNPC, and Sinopec – China’s three major national oil companies (NOCs) – have held preliminary discussions of buying Shell’s stake in a Russian oil and gas project. ICYMI: Shell is exiting Russia due to the invasion of Ukraine – and facing up to USD 5 billio… Username Password Remember… Read More »

On Thursday, Bloomberg scooped that CNOOC, CNPC, and Sinopec – China's three major national oil companies (NOCs) – have held preliminary discussions of buying Shell's stake in a Russian oil and gas project.
ICYMI: Shell is exiting Russia due to the invasion of Ukraine – and facing up to USD 5 billio...

sources

Bloomberg: China Energy Giants in Talks for Shell’s Russian Gas Stake

April 22, 2022

If you’ve got a problem, yo I’ll solve it

Investors are rightly wary of getting entangled in China’s courts. Now there’s an alternative. On Tuesday, the National Association of Financial Market Institutional Investors (NAFMII) launched a dispute mediation center for institutional investors in Beijing. NAFMII – the industry body responsible …

Investors are rightly wary of getting entangled in China’s courts. Now there’s an alternative.
On Tuesday, the National Association of Financial Market Institutional Investors (NAFMII) launched a dispute mediation center for institutional investors in Beijing.
NAFMII – the industry body responsible ...

sources

NAFMII: 金融市场机构投资者纠纷调解中心正式揭牌

April 22, 2022

Know when to hold ‘em

Looks like China’s securities regulator has been listening to Warren Buffett. On Thursday, the China Securities Regulatory Commission (CSRC) said it’s necessary to encourage long-term investing in China’s capital markets, amid efforts to upgrade industries. In the readout of a meeting chaired by CSR…

Looks like China’s securities regulator has been listening to Warren Buffett.
On Thursday, the China Securities Regulatory Commission (CSRC) said it’s necessary to encourage long-term investing in China’s capital markets, amid efforts to upgrade industries.
In the readout of a meeting chaired by CSR...

sources

CSRC: 证监会召开机构投资者座谈会

April 22, 2022

Get rich before you get old

On Thursday, the State Council dropped its Opinions on Promoting Individual Pension Insurance. If that doesn’t get you hyped, we really don’t know what will. Some context: Currently, over 99% of China’s pension funds are managed by the state or by employers. But, as the proportion of retirees gro…

On Thursday, the State Council dropped its Opinions on Promoting Individual Pension Insurance.

If that doesn’t get you hyped, we really don’t know what will.

Some context: Currently, over 99% of China's pension funds are managed by the state or by employers.

But, as the proportion of retirees gro...

sources

Gov.cn: 国务院办公厅关于推动个人养老金发展的意见

April 22, 2022

A step closer to better rights protection

There’s some good news for those who hold up half the sky in China (that’s women ICYDK). On Wednesday, a session of the National People’s Congress Standing Committee (NPCSC) concluded and the draft revision to the Law on the Protection of Women’s Rights and Interests passed its second review. ICYMI…

There's some good news for those who hold up half the sky in China (that's women ICYDK).
On Wednesday, a session of the National People's Congress Standing Committee (NPCSC) concluded and the draft revision to the Law on the Protection of Women’s Rights and Interests passed its second review.
ICYMI...

sources

NPC: 收到超42万条公众意见妇女权益保障法修订草案二审稿积极回应关切,

Farmer's Daily: 妇女权益保障法修订草案二审稿有增有删——回应关切落实责任　正视弱项完善保障

April 22, 2022

The end is in sight

Mark your calendars. Shanghai residents should be back on the streets in about three weeks. That’s our best estimate based on the latest local government missives on COVID-19. On Thursday, data showed the sixth consecutive daily drop in community transmission (Shanghai NHC). New cases found outsi…

Mark your calendars.
Shanghai residents should be back on the streets in about three weeks.
That's our best estimate based on the latest local government missives on COVID-19.
On Thursday, data showed the sixth consecutive daily drop in community transmission (Shanghai NHC).

New cases found outsi...

sources

Shanghai NHC: 上海2022年4月21日，新增本土新冠肺炎确诊病例1931例新增本土无症状感染者15698例无新增境外输入性新冠肺炎确诊病例无新增境外输入性无症状感染者

Shanghai.gov: 全市22日起开展九大攻坚行动力争早日实现社会面清零

April 22, 2022

Zhuang Rongwen talks state-owned cloud

On Wednesday, CAC director Zhuang Rongwen penned a front-page article for the Study Times. It was mostly a wordy recap of everything the CAC did last year. Zhuang trotted out all his favorite topics: The Party should have ultimate control over the internet. Xi Jinpin…

On Wednesday, CAC director Zhuang Rongwen penned a front-page article for the Study Times.

It was mostly a wordy recap of everything the CAC did last year.

Zhuang trotted out all his favorite topics:

The Party should have ultimate control over the internet.
Xi Jinpin...

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CAC: 庄荣文：顺应信息革命时代潮流奋力推进网络强国建设

April 22, 2022

SAMR talks algos

Yesterday, China’s market regulator (SAMR) published a series of articles on how China is struggling to regulate algorithmic price discrimination. Recap: Algorithmic price discrimination is when a platform sets different prices for different consumers based on user data the algorithm colle…

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SAMR: 探讨： “大数据杀熟”背后，哪些情形属于商业惯例？

SAMR: 观点：“大数据杀熟”监管困境该如何破解？

April 22, 2022

What is Common Prosperity, anyway?

On Wednesday, at the Boao Forum for Asia (BFA), Chinese policymakers offered their thoughts on what Common Prosperity in the internet industry is all about. ICYDK: The BFA is an annual conference for Asian leaders, modeled on the World Economic Forum. The 2022 BFA started on W…

The 2022 BFA started on W...

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Caixin: 专家谈共同富裕：加大市场化改革力求起点公平机会均等

April 22, 2022

Deep dive | Something needs to give

Exec sum: The headline GDP growth figure is inconsistent with several of the more micro-level indicators that point to continued weakness in the economy. Moreover, the economic picture has deteriorated significantly since the end of the first quarter, with COVID-19 lockdowns wreaking havoc on suppl…

Exec sum:

The headline GDP growth figure is inconsistent with several of the more micro-level indicators that point to continued weakness in the economy.
Moreover, the economic picture has deteriorated significantly since the end of the first quarter, with COVID-19 lockdowns wreaking havoc on suppl...

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April 21, 2022

Go forth and hedge

Hedgers rejoice! On Wednesday, the National People’s Congress Standing Committee (NPCSC) passed the Futures and Derivatives Law. The law will come into effect August 1. Some context: Companies and investors have long clamored for more sophisticated RMB-denominated financial products, but Beijing h…

Hedgers rejoice!
On Wednesday, the National People’s Congress Standing Committee (NPCSC) passed the Futures and Derivatives Law.

The law will come into effect August 1.

Some context: Companies and investors have long clamored for more sophisticated RMB-denominated financial products, but Beijing h...

sources

Gov.cn: 中华人民共和国期货和衍生品法

April 21, 2022

Road work ahead

With the economy in the doldrums, is China finally gearing up for a really big infrastructure investment push? Perhaps. On Wednesday, the China Banking and Insurance Regulatory Commission (CBIRC) and Ministry of Transport (MOT) jointly issued a notice encouraging banks and insurance companies to sup…

With the economy in the doldrums, is China finally gearing up for a really big infrastructure investment push?
Perhaps. On Wednesday, the China Banking and Insurance Regulatory Commission (CBIRC) and Ministry of Transport (MOT) jointly issued a notice encouraging banks and insurance companies to sup...

sources

CBIRC: 中国银保监会、交通运输部有关部门负责人就《关于银行业保险业支持公路交通高质量发展的意见》答记者问

CBIRC: 中国银保监会、交通运输部发布《关于银行业保险业支持公路交通高质量发展的意见》

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