string(13) "markets-macro"

Macro

March 30, 2022

Hit the road, WeChat Pay

Tencent is in a minor tiff with the road toll authorities of Anhui province. What’s happening: On March 23, Anhui Transportation All-in-One Card Holdings — the state-owned company responsible for the province’s Electronic Toll Collection (ETC) service — announced that drivers would no longer b… Username Password Remember Me Forgot Password

Tencent is in a minor tiff with the road toll authorities of Anhui province.
What’s happening: On March 23, Anhui Transportation All-in-One Card Holdings — the state-owned company responsible for the province’s Electronic Toll Collection (ETC) service — announced that drivers would no longer b...

sources

MyPayPass: 安徽ETC将停止提供微信支付服务因手续费上涨

Jiemian: 快看 | 微信回应安徽ETC停用微信支付事件

March 30, 2022

Douban groups go public

Looks like the CAC is shaking things up at social platform Douban. Yesterday, Douban issued an announcement stating that they are disabling their popular private groups feature on April 18. Private group admins can apply to have their forums converted to public groups. Douban did…

Looks like the CAC is shaking things up at social platform Douban.
Yesterday, Douban issued an announcement stating that they are disabling their popular private groups feature on April 18.

Private group admins can apply to have their forums converted to public groups.

Douban did...

sources

36kr: 豆瓣私密小组将停用

March 30, 2022

Centralizing education

On Monday, the Ministry of Education (MoE) officially launched a new National Smart Education Platform. What it is: An all-in-one collection of websites and mobile apps to support schools and students, including: Online classes for primary and secondary education, as well as universities A reposito…

On Monday, the Ministry of Education (MoE) officially launched a new National Smart Education Platform.
What it is: An all-in-one collection of websites and mobile apps to support schools and students, including:

Online classes for primary and secondary education, as well as universities
A reposito...

sources

MOE: National Smart Education Platform

MOE: Platform launch press conference

MOE: 以教育数字化战略引领未来 ——教育部举行国家智慧教育平台启动仪式

March 29, 2022

Asymptomatic rise

The end to China’s current round of domestic COVID-19 outbreaks is nowhere in sight. Between last Tuesday and this Monday, China reported (NHC): 10,846 new domestically transmitted symptomatic infections, down from 13,515 in the previous week. 27,864 new domestically t…

The end to China's current round of domestic COVID-19 outbreaks is nowhere in sight.
Between last Tuesday and this Monday, China reported (NHC):

10,846 new domestically transmitted symptomatic infections, down from 13,515 in the previous week.
27,864 new domestically t...

sources

NHC: 截至3月28日24时新型冠状病毒肺炎疫情最新情况

Xinhua: 为什么出现大量无症状感染者？张伯礼院士详解

March 29, 2022

Make it SOE

Beijing is exploring every avenue to put a price on carbon as it paves a path to net zero. The latest signal: At China’s ESG 30 Forum on Monday, Liang Xi – a climate finance policy advisor at the Chinese Society for Environmental Sciences – called for long-term carbon pricing mechanisms to incentivi…

Beijing is exploring every avenue to put a price on carbon as it paves a path to net zero.
The latest signal: At China's ESG 30 Forum on Monday, Liang Xi – a climate finance policy advisor at the Chinese Society for Environmental Sciences – called for long-term carbon pricing mechanisms to incentivi...

sources

21st Century Biz: 中国环境科学学会梁希：实现“双碳”目标，如何让企业行动起来？碳定价工具是关键

March 29, 2022

Surviving the crisis

Government agencies are pulling out all the stops to help China’s service-sector companies – a key provider of jobs – to survive the ongoing COVID crisis. In the latest move, on Monday, the agency that oversees most central-government-owned firms (SASAC) told those firms to reduce rent or waive…

Government agencies are pulling out all the stops to help China's service-sector companies – a key provider of jobs – to survive the ongoing COVID crisis.
In the latest move, on Monday, the agency that oversees most central-government-owned firms (SASAC) told those firms to reduce rent or waive...

sources

SASAC: 关于做好2022年服务业小微企业和个体工商户房租减免工作的通知

March 29, 2022

Let them raise debt

Regulators’ efforts to buttress the private sector continue. On Sunday, the securities regulator (CSRC) said it wants to make it easier for private companies to raise debt. Some context: China’s private firms have long struggled to raise cash in domestic corporate bond markets, which are dominated b…

Regulators' efforts to buttress the private sector continue.
On Sunday, the securities regulator (CSRC) said it wants to make it easier for private companies to raise debt.
Some context: China's private firms have long struggled to raise cash in domestic corporate bond markets, which are dominated b...

sources

Gov.cn: 推动完善民企债券融资支持机制增强服务民营经济发展质效

March 29, 2022

That’s weird

On Monday the Politburo had its monthly meeting, but we’re still wondering what happened. The readout said that the Party bigwigs “discussed recent work,” but didn’t elaborate further. That’s weird: While the Politburo doesn’t make all of its discussions public, the readout of these monthly meeting…

On Monday the Politburo had its monthly meeting, but we're still wondering what happened.
The readout said that the Party bigwigs "discussed recent work," but didn't elaborate further.
That's weird: While the Politburo doesn't make all of its discussions public, the readout of these monthly meeting...

sources

Xinhua: 习近平等领导同志向东航飞行事故遇难同胞默哀

March 29, 2022

The toddler deduction

Nothing says romance like Barry White and tax relief from the government. On Monday, the State Council decided to help out on the second count, with a special income tax deduction for families with a child under three years old. The deets: Qualified families are entitled to an RMB 1,000 tax deductio…

Nothing says romance like Barry White and tax relief from the government.
On Monday, the State Council decided to help out on the second count, with a special income tax deduction for families with a child under three years old.
The deets: Qualified families are entitled to an RMB 1,000 tax deductio...

sources

State Council: 国务院关于设立3岁以下婴幼儿照护个人所得税专项附加扣除的通知

March 29, 2022

Green belt, green road

“[We must] make green the background color of…the Belt and Road.” That was the message from the National Development and Reform Commission (NDRC) on Monday, via policy guidance on building a greener Belt and Road Initiative (BRI). A quick definition: The BRI – kicked off by Xi Jinping in 2013 – in…

“[We must] make green the background color of...the Belt and Road.”
That was the message from the National Development and Reform Commission (NDRC) on Monday, via policy guidance on building a greener Belt and Road Initiative (BRI).
A quick definition: The BRI – kicked off by Xi Jinping in 2013 – in...

sources

NDRC: 关于推进共建“一带一路”绿色发展的意见

March 29, 2022

It’s your neighbor on the line

On Friday, Xi Jinping had a phone call with South Korea’s new president-elect, Yoon Suk-yeol. Some context: Xi already sent Yoon a congratulatory letter following his election victory on March 9. The backstory: A right-wing opposition candidate, Yoon campaigned on a “tough on China” platform. He op…

On Friday, Xi Jinping had a phone call with South Korea's new president-elect, Yoon Suk-yeol.
Some context: Xi already sent Yoon a congratulatory letter following his election victory on March 9.
The backstory: A right-wing opposition candidate, Yoon campaigned on a “tough on China” platform.

He op...

sources

MoFA: 习近平同韩国当选总统尹锡悦通电话

MoFA: President Xi Jinping Speaks with ROK President-elect Yoon Suk-yeol on the Phone

The Korea Herald: Yoon, Xi discuss cooperation between two countries in phone call

March 28, 2022

Prepping for a rainy day

China’s financial officials are (once again) looking to head off banking sector risk, while simultaneously pushing banks to actively take on more SME lending risk. It’ll be a tough needle to thread. At least that’s how we interpret an important Q&A published by China’s banking regulator (CBI…

China's financial officials are (once again) looking to head off banking sector risk, while simultaneously pushing banks to actively take on more SME lending risk.

It'll be a tough needle to thread.

At least that's how we interpret an important Q&A published by China's banking regulator (CBI...

sources

CBIRC: 中国银保监会新闻发言人答记者问

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