string(13) "markets-macro"

Macro

March 31, 2022

#livestreamingislife

Livestreamers beware: The government wants its share. On Wednesday, China’s internet watchdog (CAC), taxman (STA), and market regulator (SAMR) dropped joint guidelines on the “healthy development” of the livestreaming sector. Surprise, surprise: People have been behaving badly online. Aut… Username Password Remember Me Forgot Password

Livestreamers beware: The government wants its share.
On Wednesday, China’s internet watchdog (CAC), taxman (STA), and market regulator (SAMR) dropped joint guidelines on the “healthy development” of the livestreaming sector.
Surprise, surprise: People have been behaving badly online.
Aut...

sources

CAC: Full text: 三部门联合印发《关于进一步规范网络直播营利行为促进行业健康发展的意见》

Xinhua: 三部门发文进一步规范网络直播营利行为

March 30, 2022

Where’s the exit?

It’s never a good sign when a company’s auditor resigns – but it’s even worse when auditors resign en masse from an entire industry. On Tuesday, the FT reported that over the last three months, PwC and Deloitte – two of the four big global audit firms – have given up auditing “at least” five Ch…

It’s never a good sign when a company’s auditor resigns – but it's even worse when auditors resign en masse from an entire industry.
On Tuesday, the FT reported that over the last three months, PwC and Deloitte – two of the four big global audit firms – have given up auditing “at least” five Ch...

sources

FT: Big Four under growing pressure as Chinese developers delay audits

March 30, 2022

Musical chairs

The central bank’s monetary policy committee will welcome a couple of new faces next time it meets. On Thursday, the State Council announced that two new members of the committee have replaced two who retired from government last year. The new appointments are: Kang Yi, the new head of the National…

The central bank’s monetary policy committee will welcome a couple of new faces next time it meets.
On Thursday, the State Council announced that two new members of the committee have replaced two who retired from government last year.
The new appointments are:

Kang Yi, the new head of the National...

sources

State Council: 国务院办公厅关于调整中国人民银行货币政策委员会组成人员的通知

Bloomberg: China Appoints New Government Advisers to Central Bank

March 30, 2022

Come home, please

China wants its companies to come home – in one way or another. On Friday, the Shanghai and Shenzhen stock exchanges dropped 46 pages of clarifications for how Chinese Depositary Receipts (CDRs) work – repeatedly calling for more companies to utilize the scheme. Some context: Non-Chinese compan…

China wants its companies to come home – in one way or another.
On Friday, the Shanghai and Shenzhen stock exchanges dropped 46 pages of clarifications for how Chinese Depositary Receipts (CDRs) work – repeatedly calling for more companies to utilize the scheme.
Some context: Non-Chinese compan...

sources

Shanghai Stock Exchange: 关于发布《上海证券交易所与境外证券交易所互联互通存托凭证上市交易暂行办法》的通知

21st Century Biz: 沪深交易所发布互联互通存托凭证暂行办法：申报境外企业需不低于200亿元市值、上市年限满3年

March 30, 2022

The proof is in the pudding

Beijing has been talking up high-level green energy development plans for months – and it’s finally issued concrete targets to back ’em up. That’s thanks to the National Energy Administration’s (NEA) 2022 energy work plan, which dropped Tuesday. The takeaway: Beijing will push for heavy renewable …

Beijing has been talking up high-level green energy development plans for months – and it's finally issued concrete targets to back 'em up.

That's thanks to the National Energy Administration's (NEA) 2022 energy work plan, which dropped Tuesday.

The takeaway: Beijing will push for heavy renewable ...

sources

Gov.cn: 国家能源局关于印发《2022年能源工作指导意见》的通知

Gov.cn: 国家能源局关于印发《2021年能源工作指导意见》的通知

March 30, 2022

Filling the void

Sometimes, it pays to be small. That’s especially true when you’re a Chinese company trying to do business in post-invasion Russia, as laid out in some crack reporting from the SCMP. In the unlikely event that you’ve missed it: Developed countries have unleashed a sanctions bonanza on Russian busine…

Sometimes, it pays to be small.
That’s especially true when you’re a Chinese company trying to do business in post-invasion Russia, as laid out in some crack reporting from the SCMP.
In the unlikely event that you’ve missed it: Developed countries have unleashed a sanctions bonanza on Russian busine...

sources

SCMP: China’s private firms see Russia as land of opportunity, up for grabs amid West’s exodus

March 30, 2022

Provincial party picks

Pick your runners and riders. The jockeying is underway ahead of this fall’s Party Congress. We now know what Monday’s strange Politburo meeting was all about. Drumroll please: Key personnel decisions. On Tuesday, the Party Central Committee announced new Party secretaries for Qinghai, Hubei, and …

Pick your runners and riders. The jockeying is underway ahead of this fall's Party Congress.

We now know what Monday’s strange Politburo meeting was all about.
Drumroll please: Key personnel decisions.

On Tuesday, the Party Central Committee announced new Party secretaries for Qinghai, Hubei, and ...

sources

Xinhua: 青海省委主要负责同志职务调整信长星任青海省委书记

March 30, 2022

Stop the traffik

Human trafficking issues have been igniting online public opinion in China in recent months – so much so that it’s now a priority for Party leaders obsessed with social stability. On Tuesday, Premier Li Keqiang addressed the State Council anti-human trafficking inter-ministerial joint conference. Ba…

Human trafficking issues have been igniting online public opinion in China in recent months – so much so that it's now a priority for Party leaders obsessed with social stability.
On Tuesday, Premier Li Keqiang addressed the State Council anti-human trafficking inter-ministerial joint conference.
Ba...

sources

The Paper: 李克强：深入推进正在开展的打击拐卖妇女儿童犯罪专项行动

The Paper: 公安部部署打击拐卖妇女儿童犯罪专项行动：快破现案多破积案

March 30, 2022

Trust the (recovery) process

Why hello, social credit system. We haven’t heard from you in a while. Yesterday, the Party’s Central Committee and the State Council released a new policy to promote the development of the social credit system (SCS) to support economic growth. Some context: The last major social credit polic…

Why hello, social credit system. We haven’t heard from you in a while.
Yesterday, the Party’s Central Committee and the State Council released a new policy to promote the development of the social credit system (SCS) to support economic growth.

Some context: The last major social credit polic...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于推进社会信用体系建设高质量发展促进形成新发展格局的意见》

March 30, 2022

Garden variety payment

There’s also some movement in another development we haven’t heard much about for the past month: dismantling walled gardens. Recap: In mid-2021, regulators began pressuring China’s big tech companies to stop blocking access to each others’ platforms. In particular, Alibaba was pushed t…

There’s also some movement in another development we haven’t heard much about for the past month: dismantling walled gardens.
Recap: In mid-2021, regulators began pressuring China’s big tech companies to stop blocking access to each others’ platforms.

In particular, Alibaba was pushed t...

sources

Yicai: 支付互联互通再现新动作，淘宝试水微信支付

March 30, 2022

Un-harmony

Let’s all play “Ukraine sanctions he-said, she said.” Ready? Yesterday, Huawei denied that it had any intention of launching phones using its Harmony operating system in international markets. Recap: On Monday, we told you that small-time Russian mobile manufacturer BQ had said it would switc…

Let’s all play “Ukraine sanctions he-said, she said.”
Ready?
Yesterday, Huawei denied that it had any intention of launching phones using its Harmony operating system in international markets.
Recap: On Monday, we told you that small-time Russian mobile manufacturer BQ had said it would switc...

sources

Shanghai Securities News: 华为郭平重申：暂无计划在海外推出搭载鸿蒙系统的手机

March 30, 2022

Metaverse bigwigs

China’s first metaverse industry association, the Metaverse Consensus Circle, is in the process of appointing full-time senior staff. Recap: On November 11, we told you that China’s only telecom industry body, the China Mobile Communications Association, had formed a sub-association focused on the …

China’s first metaverse industry association, the Metaverse Consensus Circle, is in the process of appointing full-time senior staff.
Recap: On November 11, we told you that China’s only telecom industry body, the China Mobile Communications Association, had formed a sub-association focused on the ...

sources

CMCA-MCC: 中国移动通信联合会元宇宙产业委员会 2022秘书长团队公开选拔启事

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