string(13) "markets-macro"

Macro

April 8, 2022

State Council revise telecom investment

Yesterday, the State Council updated regulations governing foreign investment in the telecom sector. The most important bit: Foreign investors are no longer required to set up a joint venture in order to take a stake in domestic telecoms. That means foreign investors can now go through other inve… Username Password Remember Me Forgot… Read More »

That means foreign investors can now go through other inve...

sources

Gov.cn: 国务院关于修改和废止部分行政法规的决定

April 7, 2022

Thanks, but no thanks

China’s big state oil companies are steering clear of cheap Russian fuel. On Wednesday, Reuters scooped that major state-owned petrochemical companies Sinopec, CNOOC, PetroChina, and SinoChem are avoiding all new purchases of Russian oil – despite bargain-basement prices. The reason: They want to a…

China's big state oil companies are steering clear of cheap Russian fuel.
On Wednesday, Reuters scooped that major state-owned petrochemical companies Sinopec, CNOOC, PetroChina, and SinoChem are avoiding all new purchases of Russian oil – despite bargain-basement prices.
The reason: They want to a...

sources

Reuters: EXCLUSIVE China state refiners shun new Russian oil trades, teapots fly under radar - sources

April 7, 2022

Armenia, do you copy?

On Wednesday, Xi Jinping and Armenian President Vahagn Khachaturyan swapped congratulatory messages for 30 years of diplomatic relations. ICYDK: Armenia became independent in 1991 after the collapse of the Soviet Union. That’s why Xi sent similar congratulations to Ukraine and the Stans in Jan…

On Wednesday, Xi Jinping and Armenian President Vahagn Khachaturyan swapped congratulatory messages for 30 years of diplomatic relations.
ICYDK: Armenia became independent in 1991 after the collapse of the Soviet Union.

That’s why Xi sent similar congratulations to Ukraine and the Stans in Jan...

sources

Gov.cn: 习近平同亚美尼亚总统哈恰图良就中亚建交30周年互致贺电

CGTN: 30th anniversary of diplomatic relations between Armenia and China

April 7, 2022

Bye Bye, Carrie

On Monday, Hong Kong Chief Executive Carrie Lam announced that she would not seek a second term. There’s been speculation that Lam was pressured to step down due to her poor handling of COVID in recent months. But Lam insisted this was her own decision (SCMP 1): “This is a question of my personal w…

On Monday, Hong Kong Chief Executive Carrie Lam announced that she would not seek a second term.
There's been speculation that Lam was pressured to step down due to her poor handling of COVID in recent months. But Lam insisted this was her own decision (SCMP 1):

“This is a question of my personal w...

sources

SCMP: ‘It’s time to go home,’ Hong Kong leader Carrie Lam says as she reveals current term will be her last

SCMP: Hong Kong chief executive election 2022: John Lee attracted backers and critics during long climb from police inspector to No 2 official

April 7, 2022

Digital RMB pilot to expand

Get your (digital) wallet ready. Last Thursday, the central bank (PBoC) held a meeting to discuss next steps in the rollout of the e-CNY. A quick definition: The e-CNY, or digital yuan, is among the world’s first state-backed digital currencies – controlled and issued by the central bank. The big r…

Get your (digital) wallet ready.
Last Thursday, the central bank (PBoC) held a meeting to discuss next steps in the rollout of the e-CNY.
A quick definition: The e-CNY, or digital yuan, is among the world's first state-backed digital currencies – controlled and issued by the central bank.
The big r...

sources

Gov.cn: 人民银行召开数字人民币研发试点工作座谈会

April 7, 2022

Inflation in NEVerland

China’s electric vehicle industry wants relief from sky-high lithium prices. On Wednesday, Economic Daily – a daily newspaper overseen by the State Council – published a wide-ranging report highlighting how rising raw materials costs are hitting companies across the new energy vehicle (NEV) industri…

China's electric vehicle industry wants relief from sky-high lithium prices.
On Wednesday, Economic Daily – a daily newspaper overseen by the State Council – published a wide-ranging report highlighting how rising raw materials costs are hitting companies across the new energy vehicle (NEV) industri...

sources

Economic Daily: 引导动力电池价格回归理性

April 7, 2022

The FSDC’s new piggy bank

On Wednesday, the central bank (PBoC) called for comments on a new draft Financial Stability Law. According to the PBoC, the draft aims to: “[E]stablish…an efficient, authoritative and well-coordinated working mechanism for financial stability, further strengthen the financial safety net, and firml…

On Wednesday, the central bank (PBoC) called for comments on a new draft Financial Stability Law.
According to the PBoC, the draft aims to:

“[E]stablish…an efficient, authoritative and well-coordinated working mechanism for financial stability, further strengthen the financial safety net, and firml...

sources

Gov.cn: 中国人民银行关于《中华人民共和国金融稳定法（草案征求意见稿）》公开征求意见的通知

April 7, 2022

Funding farming

Financial institutions should step up funding to farming. That was the message from China’s banking and insurance regulator (CBIRC) on Wednesday as it outlined its plans to support rural revitalization efforts this year. Some context: Beijing wants financial institutions to do more of the hard,…

Financial institutions should step up funding to farming.
That was the message from China's banking and insurance regulator (CBIRC) on Wednesday as it outlined its plans to support rural revitalization efforts this year.
Some context: Beijing wants financial institutions to do more of the hard,...

sources

CBIRC: 中国银保监会发布《关于2022年银行业保险业服务全面推进乡村振兴重点工作的通知》

CBIRC: Full text: 中国银保监会办公厅关于2022年银行业保险业服务全面推进乡村振兴重点工作的通知

21st Century Biz: 央行、银保监陆续发布金融支持乡村振兴文件确保涉农金融投入稳定增长

April 7, 2022

Cybersecurity get-together

MIIT is extra excited about cultivating the domestic cybersecurity industry. On Saturday, the agency announced the formation of a new industry association, the China Cyber Security Industry Innovation and Development Alliance. Who’s involved: Around 100 stakeholders from across industry,…

MIIT is extra excited about cultivating the domestic cybersecurity industry.
On Saturday, the agency announced the formation of a new industry association, the China Cyber Security Industry Innovation and Development Alliance.
Who’s involved: Around 100 stakeholders from across industry,...

sources

MIIT: 中国网络安全产业创新发展联盟正式成立

April 7, 2022

Lockdown-ception

Yesterday, the Shanghai People’s Procuratorate (SPP) told local citizens not to fall victim to community group buying scams. What’s going on: Shanghai is dealing with one of China’s worst COVID outbreaks in the last two years. Entire city districts are being placed in rolling quarantines, and …

Yesterday, the Shanghai People’s Procuratorate (SPP) told local citizens not to fall victim to community group buying scams.
What’s going on: Shanghai is dealing with one of China’s worst COVID outbreaks in the last two years. Entire city districts are being placed in rolling quarantines, and ...

sources

The Paper: 如何警惕疫情期间“社区团购”诈骗陷阱？上海检察院支招

SCMP: Shanghai Covid lockdown: Residents resort to phone calls, group buying to source essentials as food orders, express package deliveries disrupted

April 7, 2022

More and better things, smarter

Yesterday, MIIT dropped a four-year action plan for leveraging digital technologies to improve Chinese consumer products. Background: In 2016, the State Council released a policy designed to increase the varieties, quality, and brand recognition of China-made consumer goods. The policy …

Yesterday, MIIT dropped a four-year action plan for leveraging digital technologies to improve Chinese consumer products.
Background: In 2016, the State Council released a policy designed to increase the varieties, quality, and brand recognition of China-made consumer goods.

The policy ...

sources

MIIT: 公开征求对《消费品工业数字“三品”行动方案（2022-2025年）（征求意见稿）》的意见

April 7, 2022

Beijing digs deeper into its macro toolbox

Top brass in Beijing are worried about the economy. Like, really worried. At least, that’s our read of Wednesday’s State Council executive meeting, where Li Keqiang unveiled a slew of support measures to help small and medium-sized firms that have been most slammed by COVID-19. Measures include: S…

Top brass in Beijing are worried about the economy. Like, really worried.
At least, that's our read of Wednesday's State Council executive meeting, where Li Keqiang unveiled a slew of support measures to help small and medium-sized firms that have been most slammed by COVID-19.
Measures include:

S...

sources

Gov.cn: 李克强主持召开国务院常务会议

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162