string(13) "markets-macro"

Macro

February 28, 2022

Keepin’ it reasonable

On Friday, the Politburo got together for its monthly meeting. Top of the agenda: Approving the State Council’s 2022 Government Work Report (GWR). Some context: The GWR sets major economic targets and policy priorities for the year ahead. This year’s GWR will be unveiled on Saturday, when the Nation… Username Password Remember Me … Read More »

On Friday, the Politburo got together for its monthly meeting.
Top of the agenda: Approving the State Council’s 2022 Government Work Report (GWR).
Some context: The GWR sets major economic targets and policy priorities for the year ahead. This year’s GWR will be unveiled on Saturday, when the Nation...

sources

Xinhua: 中共中央政治局召开会议讨论政府工作报告审议《关于十九届中央第八轮巡视情况的综合报告》《关于2021年中央巡视工作领导小组重点工作情况的报告》中共中央总书记习近平主持会议

IMF: Rising Caseloads, A Disrupted Recovery, and Higher Inflation

February 28, 2022

A little Friday pick-me-up

On Friday, the People’s Bank of China (PBoC) made its largest single-day liquidity injection into the banking system via short-term borrowing since September 2020. How much? A net RMB 290 billion in seven-day reverse repos. The PBoC conducted RMB 300 billion in new seven-day reverse repos, while RM…

On Friday, the People’s Bank of China (PBoC) made its largest single-day liquidity injection into the banking system via short-term borrowing since September 2020.
How much? A net RMB 290 billion in seven-day reverse repos.

The PBoC conducted RMB 300 billion in new seven-day reverse repos, while RM...

sources

Securities Times: 本周净投放7900亿！央行持续大手笔逆回购，短端利率全线上行！专家：后续仍有宽松空间

Bloomberg: China Boosts Liquidity Support as Ukraine Conflict Roils Markets

PBoC: Announcement on Open Market Operations No.37 [2022]

February 28, 2022

Webinar | Edelman Global Advisory x Trivium

Please note, this discussion took place on March 1. YOU CAN WATCH THE REPLAY OF THE DISCUSSION HERE We’re excited to invite you to a moderated discussion between Edelman Global Advisory (EGA) CEO Deborah Lehr and Trivium’s very own Partner and Co-founder Andrew Polk exploring what “PRC 3.0” means fo…

Please note, this discussion took place on March 1.
YOU CAN WATCH THE REPLAY OF THE DISCUSSION HERE
We're excited to invite you to a moderated discussion between Edelman Global Advisory (EGA) CEO Deborah Lehr and Trivium's very own Partner and Co-founder Andrew Polk exploring what “PRC 3.0” means fo...

February 26, 2022

Deep dive | What to expect for China’s climate efforts in 2022

In 2022, China will take some of its most significant steps yet toward achieving net zero. So how did we get here? In 2020, Xi Jinping pledged that China would achieve peak emissions before 2030 and carbon neutrality before 2060. In 2021, Beijing released the high-level framework and guidelines on …

In 2022, China will take some of its most significant steps yet toward achieving net zero.
So how did we get here?

In 2020, Xi Jinping pledged that China would achieve peak emissions before 2030 and carbon neutrality before 2060.
In 2021, Beijing released the high-level framework and guidelines on ...

February 25, 2022

QR code food ordering

On Thursday, the market regulator (SAMR) in Shanghai’s Xuhui District issued rules for restaurants that take food orders via QR code. Background: Many restaurants are cutting costs by getting rid of paper menus and wait staff for in-restaurant dining. Instead, diners access the menu and pay fo…

On Thursday, the market regulator (SAMR) in Shanghai’s Xuhui District issued rules for restaurants that take food orders via QR code.
Background: Many restaurants are cutting costs by getting rid of paper menus and wait staff for in-restaurant dining.

Instead, diners access the menu and pay fo...

sources

WeChat: 服务型监管“徐9条”丨区局发布全市首个餐饮行业离店取餐、扫码点餐“双指引”

February 25, 2022

Sharing economy report

On Tuesday, NDRC’s think tank, the State Information Center (SIC), published their 7th annual report on China’s sharing economy. The report focuses on industries such as ride-hailing, food delivery, and shared accommodation. What caught our eye: The shared housing sector — which include…

On Tuesday, NDRC’s think tank, the State Information Center (SIC), published their 7th annual report on China’s sharing economy.

The report focuses on industries such as ride-hailing, food delivery, and shared accommodation.

What caught our eye: The shared housing sector — which include...

sources

SIC: 中国共享经济发展报告（2022）

February 25, 2022

Crypto fundraisers to get jail time

China’s judicial system plans to put crypto speculators in jail. On Thursday, the Supreme People’s Court amended its judicial interpretations on illegal fundraising activities to include some crypto-related fundraising. ICYDK: Judicial interpretations from the SPC provide guidance for lowe…

China’s judicial system plans to put crypto speculators in jail.
On Thursday, the Supreme People’s Court amended its judicial interpretations on illegal fundraising activities to include some crypto-related fundraising.
ICYDK: Judicial interpretations from the SPC provide guidance for lowe...

sources

Gov.cn: 最高人民法院关于修改《最高人民法院关于审理非法集资刑事案件具体应用法律若干问题的解释》的决定

February 25, 2022

Heart to heart, people to people

On Thursday, Vice Premier Han Zheng presided over a meeting of the leading small group (LSG) for promoting the Belt and Road Initiative (BRI). A quick refresher: Xi Jinping launched the BRI in 2013 to connect land and maritime trade routes throughout Asia, Europe and Africa. The LSG was establish…

On Thursday, Vice Premier Han Zheng presided over a meeting of the leading small group (LSG) for promoting the Belt and Road Initiative (BRI).
A quick refresher:

Xi Jinping launched the BRI in 2013 to connect land and maritime trade routes throughout Asia, Europe and Africa.
The LSG was establish...

sources

Gov.cn: 习近平出席第三次“一带一路”建设座谈会并发表重要讲话

Gov.cn: 韩正主持召开推进“一带一路”建设工作领导小组全体会议

February 25, 2022

A helmsman short of great

Yesterday, state media outlet People’s Daily released a long video interview with Allen Wu, rogue CEO of Arm China, the local subsidiary of UK semiconductor giant Arm Holdings. Drama recap: In 2020, Arm tried to fire Wu, but he has refused to leave, and Arm has not yet been able to remove him. …

Yesterday, state media outlet People’s Daily released a long video interview with Allen Wu, rogue CEO of Arm China, the local subsidiary of UK semiconductor giant Arm Holdings.
Drama recap: In 2020, Arm tried to fire Wu, but he has refused to leave, and Arm has not yet been able to remove him. ...

sources

People.cn: 夯实基础、补齐短板，推动芯片产业可持续创新发展

February 25, 2022

More wheat, less chaff

On Thursday afternoon, the General Administration of Customs (GAC) posted an administrative announcement that wheat imports from all regions of Russia had been officially approved. The post was packed with routine details on monitoring and control of pests and diseases, and other phytosanitary requ…

On Thursday afternoon, the General Administration of Customs (GAC) posted an administrative announcement that wheat imports from all regions of Russia had been officially approved.

The post was packed with routine details on monitoring and control of pests and diseases, and other phytosanitary requ...

sources

GAC: 海关总署公告2022年第21号（关于允许俄罗斯全境小麦进口的公告

SCMP: As Ukraine crisis deepens, China lifts all wheat-import restrictions on Russia

Bloomberg: Big Win for Russian Wheat on Go Ahead to Sell More to China

February 25, 2022

Watching the watchmen

Not good enough. That was the message from the Party’s top disciplinary watchdog (CCDI) to China’s financial regulators, following a review of their work. On Thursday, the CCDI issued statements outlining its findings for the: People’s Bank of China (PBoC) China Banking and Insurance Regulatory Com…

Not good enough.
That was the message from the Party's top disciplinary watchdog (CCDI) to China's financial regulators, following a review of their work.
On Thursday, the CCDI issued statements outlining its findings for the:

People’s Bank of China (PBoC)
China Banking and Insurance Regulatory Com...

sources

CCDI: 中央第十四巡视组向中国人民银行党委反馈巡视情况

CCDI: 中央第四巡视组向中国银保监会党委反馈巡视情况

CCDI: 中央第六巡视组向中国证券监督管理委员会党委反馈巡视情况

CCDI: 中央第十四巡视组向国家外汇管理局党组反馈巡视情况

February 25, 2022

The coal crackdown cometh

We made if from the fall coal crunch through the depths of winter, but now we’re heading back toward coal price controls. On Thursday, the National Development and Reform Commission (NDRC) stipulated a range of “reasonable” prices for medium and long-term coal contract prices. Tellingly, the NDRC no…

We made if from the fall coal crunch through the depths of winter, but now we're heading back toward coal price controls.
On Thursday, the National Development and Reform Commission (NDRC) stipulated a range of "reasonable" prices for medium and long-term coal contract prices.
Tellingly, the NDRC no...

sources

Gov.cn: 国家发展改革委进一步完善煤炭市场价格形成机制

Caixin: 为解“煤电顶牛” 国家发改委发布煤价形成机制新规

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