string(13) "markets-macro"

Macro

March 3, 2022

Ineffective and probably illegal

China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing had a whole lot to say at Wednesday’s State Council Information Office presser. He even weighed in on the world’s hottest topic. In case you’ve just emerged from a weeklong news detox: NATO countries – plus others, incl… Username Password Remember Me Forgot… Read More »

China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing had a whole lot to say at Wednesday’s State Council Information Office presser.

He even weighed in on the world's hottest topic.

In case you’ve just emerged from a weeklong news detox: NATO countries – plus others, incl...

sources

Gov.cn: 银保监会国新办新闻发布会答问实录

March 3, 2022

Help where it’s most needed

On Wednesday, China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing appeared at a (remarkably long) press conference held by the State Council Information Office. Guo was feeling talkative. He hammered home Beijing’s stance on stimulating the macro economy, which is: Strong…

On Wednesday, China Banking and Insurance Regulatory Commission (CBIRC) Chairman Guo Shuqing appeared at a (remarkably long) press conference held by the State Council Information Office.
Guo was feeling talkative. He hammered home Beijing's stance on stimulating the macro economy, which is:

Strong...

sources

Gov.cn: 银保监会国新办新闻发布会答问实录

March 3, 2022

A new draft for acceptance drafts

Banking regulators’ war on financial risk – an overriding government priority in recent years – continues. This time, the People’s Bank of China (PBoC) is overhauling regulations governing bankers’ acceptance drafts. Some context: Bankers’ acceptances are a type of trade finance. When Company A buy…

Banking regulators' war on financial risk – an overriding government priority in recent years – continues.
This time, the People’s Bank of China (PBoC) is overhauling regulations governing bankers’ acceptance drafts.
Some context: Bankers' acceptances are a type of trade finance.

When Company A buy...

sources

Caixin: In Depth: China Overhauls $23 Trillion Supply Chain Finance Mechanism

March 3, 2022

Macropru for me and you

On Monday, the People’s Bank of China (PBoC) held a conference to discuss macroprudential oversight for the year ahead. Some context: Macroprudential regulation is about ensuring the stability of the financial system as a whole. So, yeah, it’s a pretty important topic. That said, PBoC meetings…

On Monday, the People’s Bank of China (PBoC) held a conference to discuss macroprudential oversight for the year ahead.
Some context: Macroprudential regulation is about ensuring the stability of the financial system as a whole.
So, yeah, it’s a pretty important topic.

That said, PBoC meetings...

sources

PBoC: 人民银行召开2022年宏观审慎管理工作电视会议

March 3, 2022

State shopping spree

Beijing has reportedly ordered state-owned buyers to ensure supply security of key commodities – no matter the price. According to “people familiar with the matter,” the National Development and Reform Commission (NDRC) gave the instruction on Wednesday (Bloomberg). The deets: Oil, gas, iron…

Beijing has reportedly ordered state-owned buyers to ensure supply security of key commodities – no matter the price.

According to “people familiar with the matter,” the National Development and Reform Commission (NDRC) gave the instruction on Wednesday (Bloomberg).

The deets: Oil, gas, iron...

sources

Bloomberg: China moves to secure commodities rocked by Ukraine war

March 3, 2022

Top scientist signals no shift on Zero-COVID

We’ve said it before, and we’ll say it again: China’s Zero-COVID policy is here to stay, for the foreseeable future. We felt the need to set the record straight because there’s been a lot of confusion over China’s COVID policy in recent days. What happened: On Monday, Zeng Guang, retired chief ep…

We've said it before, and we'll say it again:

China's Zero-COVID policy is here to stay, for the foreseeable future.

We felt the need to set the record straight because there's been a lot of confusion over China's COVID policy in recent days.
What happened:

On Monday, Zeng Guang, retired chief ep...

sources

Weibo: 相同的科学共识，不同的应对策略

March 3, 2022

Ele.me promises to subsidize RMB 20 million of fee reduction

On Wednesday, food delivery platform Ele.me promised to lower fees for struggling restaurants. The announcement comes just one day after Ele.me’s rival Meituan promised to do the same. Recap: Two weeks ago, China’s macro planner (NDRC) and 13 ministries called on platforms to reduce commission …

On Wednesday, food delivery platform Ele.me promised to lower fees for struggling restaurants.

The announcement comes just one day after Ele.me's rival Meituan promised to do the same.

Recap: Two weeks ago, China’s macro planner (NDRC) and 13 ministries called on platforms to reduce commission ...

sources

Sina: 饿了么：首批投入2000万元现金为受疫情影响餐饮商家实行佣金减免

March 3, 2022

Data trading: from zero to one

Yesterday, 21st Century Biz ran an interview with Tang Hanlin on the state and future of data trading in China. Tang who? Tang founded China Data Pay, a state-owned data assets service provider in Guizhou, which is heavily involved in multiple provincial data exchange center projects. M…

Yesterday, 21st Century Biz ran an interview with Tang Hanlin on the state and future of data trading in China.
Tang who? Tang founded China Data Pay, a state-owned data assets service provider in Guizhou, which is heavily involved in multiple provincial data exchange center projects.

M...

sources

21st Century Biz: 专访数据宝创始人汤寒林：数据交易已走过最艰难的起步阶段，期待三年内出台垂直行业数据交易细则

March 3, 2022

Sticking it to pop-ups

Yesterday, the CAC released draft regulations governing internet and mobile pop-ups. The new rules will apply to anyone providing “operating systems, devices, apps, websites, and other services” that serve content via pop-ups. According to the draft, companies are required to: Serve only popups …

Yesterday, the CAC released draft regulations governing internet and mobile pop-ups.

The new rules will apply to anyone providing "operating systems, devices, apps, websites, and other services" that serve content via pop-ups.

According to the draft, companies are required to:

Serve only popups ...

sources

CAC: 国家互联网信息办公室关于《互联网弹窗信息推送服务管理规定（征求意见稿）》公开征求意见的通知

March 2, 2022

Aaas youuu wiiish

Beijing is at your service. On Monday, the State Council announced guidelines for optimizing government services. ICYDK: Beijing has been pushing to modernize and integrate China’s government services on a “one-stop” service platform. According to the guidelines (Gov.cn): “Before the end of 2025… …

Beijing is at your service.
On Monday, the State Council announced guidelines for optimizing government services.
ICYDK: Beijing has been pushing to modernize and integrate China's government services on a “one-stop” service platform.
According to the guidelines (Gov.cn):

“Before the end of 2025… ...

sources

Gov.cn: 国务院印发《关于加快推进政务服务标准化规范化便利化的指导意见》

March 2, 2022

What’s in your wallet?

China’s electronic social security cards are getting an upgrade. On Tuesday, the Ministry of Human Resources and Social Security (MOHRSS) and the National Medical Insurance Bureau (NMIB) announced MOHRSS’ social security e-cards and NMIB’s medical insurance e-certificates can now both be used to pay…

China’s electronic social security cards are getting an upgrade.
On Tuesday, the Ministry of Human Resources and Social Security (MOHRSS) and the National Medical Insurance Bureau (NMIB) announced MOHRSS’ social security e-cards and NMIB’s medical insurance e-certificates can now both be used to pay...

sources

Xinhua: 人社部：电子社保卡和医保电子凭证均可就医

March 2, 2022

Wang Yi speaks with Ukrainian foreign minister

On Tuesday, Foreign Minister Wang Yi finally fielded a phone call from his Ukrainian counterpart Dmytro Kuleba. That’s big news: Since Russia’s invasion began, we’ve been waiting to see if and when senior Chinese officials would speak to Ukrainian leaders. Until Tuesday, they hadn’t. The lack of co…

On Tuesday, Foreign Minister Wang Yi finally fielded a phone call from his Ukrainian counterpart Dmytro Kuleba.
That's big news: Since Russia’s invasion began, we’ve been waiting to see if and when senior Chinese officials would speak to Ukrainian leaders. Until Tuesday, they hadn't.

The lack of co...

sources

MoFA: Wang Yi Speaks with Ukrainian Foreign Minister Dmytro Kuleba on the Phone

Reuters: Ukraine asks China to make Russia stop war, says Ukrainian foreign ministry

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