string(13) "markets-macro"

Macro

March 14, 2022

Collateral network damage

On Friday, China’s cybersecurity emergency response center (CNCERT) reported that some Chinese networks have been hacked as a result of the Ukraine conflict. Background: Russia’s invasion of Ukraine has sparked what has now become the world’s biggest-ever cyber war. Dozens of hacker groups ha… Username Password Remember Me Forgot Password

On Friday, China’s cybersecurity emergency response center (CNCERT) reported that some Chinese networks have been hacked as a result of the Ukraine conflict.
Background: Russia’s invasion of Ukraine has sparked what has now become the world’s biggest-ever cyber war.

Dozens of hacker groups ha...

sources

CNCERT: 我国互联网遭受境外网络攻击

March 14, 2022

14th FYP for high-tech urban planning

On Saturday, the Ministry of Housing and Urban Rural Development (MoHURD) released a 14th Five-Year Plan for technological development urban planning and construction. The big theme: MoHURD has R&D innovation fever. The plan calls to ramp up basic research in dozens of fields that s…

The plan calls to ramp up basic research in dozens of fields that s...

sources

Gov.cn: 住房和城乡建设部关于印发“十四五”住房和城乡建设科技发展规划的通知

March 14, 2022

Wang Sheng shrugs off the HFCAA

On Sunday, in an op-ed by published by Economic Daily, bigwig banker Wang Sheng tried to calm fears that US-listed Chinese companies would be delisted en masse. Recap: On Friday, we told you that five Chinese tech companies had been put on a countdown clock to delist in the US by 2024 under th…

On Sunday, in an op-ed by published by Economic Daily, bigwig banker Wang Sheng tried to calm fears that US-listed Chinese companies would be delisted en masse.
Recap: On Friday, we told you that five Chinese tech companies had been put on a countdown clock to delist in the US by 2024 under th...

sources

Economic Daily: 不畏浮云遮望眼

March 14, 2022

The layoff rumormill

Over the weekend, the Chinese internet exploded with rumors of impending mass layoffs at Alibaba and Tencent. The rumors have not yet been confirmed. The scuttlebutt: Tencent may be planning to lay off a total of around 6,000 staff, or 10-15% of its 60,000-member workforce. The majori…

Over the weekend, the Chinese internet exploded with rumors of impending mass layoffs at Alibaba and Tencent.

The rumors have not yet been confirmed.

The scuttlebutt:

Tencent may be planning to lay off a total of around 6,000 staff, or 10-15% of its 60,000-member workforce. The majori...

sources

Weibo: 兔撕鸡老大爷

March 14, 2022

Another D-day for Didi

Well, that’s not good. On Friday, Bloomberg reported that Didi has temporarily suspended its plans to list in Hong Kong. Its apps will also not be relisted on app stores in the immediate future. The company’s stock price fell 44% in response to the news. Recap: As part of the ongoing cyber…

Well, that’s not good.
On Friday, Bloomberg reported that Didi has temporarily suspended its plans to list in Hong Kong.

Its apps will also not be relisted on app stores in the immediate future.
The company’s stock price fell 44% in response to the news.

Recap: As part of the ongoing cyber...

sources

Bloomberg: Didi Plunges 44% After Halting Planned Hong Kong Stock Listing

March 14, 2022

Quick take | Key outcomes of the 2022 Two Sessions

The policypalooza that is the annual Two Sessions wrapped up last Friday. We’re still nursing a hangover after having binged on a smorgasbord of work reports and press conferences. It was a lot to take in, but as we review what happened, these things stand out to us: The Government Work Report (GWR…

The policypalooza that is the annual Two Sessions wrapped up last Friday.
We're still nursing a hangover after having binged on a smorgasbord of work reports and press conferences.
It was a lot to take in, but as we review what happened, these things stand out to us:

The Government Work Report (GWR...

March 14, 2022

Credit growth continued to lag in Feb

China’s central bank released the credit data for February late on Friday. The headlines: Net new total social financing (TSF) hit RMB 1.19 trillion last month, versus the consensus forecast of RMB 2.22 trillion. Net new bank loans were RMB 1.23 trillion in February, lower than the forecasted RMB 1…

China’s central bank released the credit data for February late on Friday.
The headlines:

Net new total social financing (TSF) hit RMB 1.19 trillion last month, versus the consensus forecast of RMB 2.22 trillion.
Net new bank loans were RMB 1.23 trillion in February, lower than the forecasted RMB 1...

sources

PBoC: 2022年2月金融统计数据报告

Reuters: China Feb new bank loans fall more than expected, raise heat on c.bank

March 14, 2022

The winding road to vehicle data security compliance

With data security laws and regulations falling into place, companies in China are facing a whole range of new compliance requirements. For the automotive sector, this includes annual self-completed data security management reports, specified by national rules from the CAC. Contents include descrip…

With data security laws and regulations falling into place, companies in China are facing a whole range of new compliance requirements.
For the automotive sector, this includes annual self-completed data security management reports, specified by national rules from the CAC.

Contents include descrip...

sources

21st Century Biz: 多省市展开汽车数据安全管理情况第一年度报送，统一流程、模板等亟待确立

Consumer Daily: 上海市通信管理局发布公告：两车企数据安全获监管部门认可

March 11, 2022

Academic publishing under the anti-monopoly microscope?

On Wednesday, China’s market regulator (SAMR) said it is looking into state-owned academic publishing giant CNKI for potential Anti-Monopoly Law (AML) violations. Quick background: CNKI — a platform similar to JSTOR — is run in partnership with prestigious Tsinghua University, and dominates ac…

On Wednesday, China's market regulator (SAMR) said it is looking into state-owned academic publishing giant CNKI for potential Anti-Monopoly Law (AML) violations.
Quick background: CNKI — a platform similar to JSTOR — is run in partnership with prestigious Tsinghua University, and dominates ac...

sources

21st Century Biz: “知识”很贵知网很挣钱

Sina: 市场监管总局回应知网是否涉嫌垄断：正在核实研究

Sohu: 全国政协委员张云勇：要让公众用得起知网论文检索和查重服务

March 11, 2022

Did you read the FAQ?

On Wednesday, three regulators — the Ministry of Science and Technology (MoST), the Ministry of Education (MoE), and the Ministry of Finance (MoF) — jointly published a question-and-answer handbook explaining new policy perks for scientific researchers. Background: MoE and MoST have historically mic…

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Gov.cn: 科技部办公厅教育部办公厅财政部办公厅人力资源社会保障部办公厅印发《〈关于扩大高校和科研院所科研相关自主权的若干意见〉问答手册》的通知

Gov.cn: 科技部等6部门印发《关于扩大高校和科研院所科研相关自主权的若干意见》的通知

March 11, 2022

The SEC clock is ticking

The delisting clock is now ticking. Yesterday, the US Securities and Exchange Commission (SEC) named the first five Chinese firms targeted for possible delisting under the Holding Foreign Companies Accountable Act (HCFAA). Recap: In 2021, the HCFAA gave US regulators the power to delist Chines…

The delisting clock is now ticking.
Yesterday, the US Securities and Exchange Commission (SEC) named the first five Chinese firms targeted for possible delisting under the Holding Foreign Companies Accountable Act (HCFAA).
Recap: In 2021, the HCFAA gave US regulators the power to delist Chines...

sources

SEC: Holding Foreign Companies Accountable Act (“HFCAA”)

CSRC: 证监会相关部门负责人答记者问

March 11, 2022

Next thing I know, SOHO got low, low, low…

Looking to buy an apartment? Do we have a deal for you! SOHO China, a private developer, intends to sell 32,000 squares meters of housing in Beijing and Shanghai at a 30% discount on the market price. On Thursday, SOHO chairman, Pan Shiyi, said that the sale is to raise funds to repay short-term deb…

Looking to buy an apartment? Do we have a deal for you!
SOHO China, a private developer, intends to sell 32,000 squares meters of housing in Beijing and Shanghai at a 30% discount on the market price.
On Thursday, SOHO chairman, Pan Shiyi, said that the sale is to raise funds to repay short-term deb...

sources

The Paper: 潘石屹解释七折卖楼：公司遇到了困难，决定血本甩卖还债

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