string(13) "markets-macro"

Macro

February 24, 2022

Getting around rate caps

On Wednesday, Caixin reported that the industry association responsible for setting deposit rates has told banks to stop abusing bank deposit agreements. The who did what now? ICYDK: A committee of bankers overseen by the People’s Bank of China (PBoC) is responsible for regulating deposit rates. Ra… Username Password Remember Me Forgot Password

On Wednesday, Caixin reported that the industry association responsible for setting deposit rates has told banks to stop abusing bank deposit agreements.
The who did what now?
ICYDK: A committee of bankers overseen by the People’s Bank of China (PBoC) is responsible for regulating deposit rates.

Ra...

sources

Source: 独家｜自律机制进行窗口指导整治协议存款乱象

February 24, 2022

The wheat on the bus…

China’s winter wheat has officially boarded the struggle bus. On Wednesday, the State Council Information Office held a presser to convey some bad news about crop yields in Hebei, Shanxi, Shandong, Henan, and Shaanxi provinces. That news: Roughly a third of the country’s winter wheat crop is facing …

China's winter wheat has officially boarded the struggle bus.
On Wednesday, the State Council Information Office held a presser to convey some bad news about crop yields in Hebei, Shanxi, Shandong, Henan, and Shaanxi provinces.
That news: Roughly a third of the country's winter wheat crop is facing ...

sources

Xinhua: 农业农村部门多措并举力保夏粮丰收

February 24, 2022

Doc #1, Part #2

On Wednesday, we briefed you on Beijing’s hottest policy document of 2022: The No.1 Document. Top of its agenda: Food security But there’s more. The almost 10,000 character document, China’s annual rural policy blueprint, has another major goal this year (Gov.cn): “Resolutely hold the bottom line …

On Wednesday, we briefed you on Beijing’s hottest policy document of 2022: The No.1 Document.
Top of its agenda: Food security
But there’s more. The almost 10,000 character document, China's annual rural policy blueprint, has another major goal this year (Gov.cn):

“Resolutely hold the bottom line ...

sources

Gov.cn: Full text: 中共中央国务院关于做好2022年全面推进乡村振兴重点工作的意见

Xinhua: 2022年中央一号文件公布提出全面推进乡村振兴重点工作

Trivium: Neopol: First things first

February 24, 2022

A mean, green inspection machine

On Tuesday, Executive Vice Premier Han Zheng inspected the inspectors. He presided over a meeting of the Central Leading Small Group on Ecological and Environmental Protection Supervision Work, which exists to inspect environmental protection efforts by central government agencies and state-owned en…

On Tuesday, Executive Vice Premier Han Zheng inspected the inspectors.
He presided over a meeting of the Central Leading Small Group on Ecological and Environmental Protection Supervision Work, which exists to inspect environmental protection efforts by central government agencies and state-owned en...

sources

Gov.cn: 韩正主持召开中央生态环境保护督察工作领导小组会

February 24, 2022

All my homies hate sanctions

On Wednesday, Foreign Ministry (MoFA) Spokesperson Hua Chunying fielded journalists’ many, many questions about China’s stance on the Ukraine crisis. Hua hewed to the same line that we’ve heard again and again from official Chinese sources in the past few days (MoFA): “The door to a peaceful settle…

On Wednesday, Foreign Ministry (MoFA) Spokesperson Hua Chunying fielded journalists’ many, many questions about China’s stance on the Ukraine crisis.
Hua hewed to the same line that we’ve heard again and again from official Chinese sources in the past few days (MoFA):

“The door to a peaceful settle...

sources

MoFA: Foreign Ministry Spokesperson Hua Chunying’s Regular Press Conference on February 23, 2022

February 24, 2022

Compliant open source

China wants to make it easier for companies to use open source software. On Wednesday, MIIT-affiliated think tank CAICT announced that their new open source risk management assessment program is now open. Companies developing software were invited to apply. The problem: Developers of commercial …

Companies developing software were invited to apply.

The problem: Developers of commercial ...

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CAICT: 中国信通院首批可信开源供应链-OpenChain双认证报名启动

February 24, 2022

Hong Kong prepares to ease rules for listing

On Wednesday, Hong Kong’s Financial Secretary Paul Chan said that the city is looking to relax the listing requirements for big tech companies. Some context: US-listed Chinese companies are increasingly at risk of being kicked off of US stock exchanges due to worsening US-China relations. Hong…

On Wednesday, Hong Kong’s Financial Secretary Paul Chan said that the city is looking to relax the listing requirements for big tech companies.
Some context: US-listed Chinese companies are increasingly at risk of being kicked off of US stock exchanges due to worsening US-China relations.

Hong...

sources

Budget.gov.hk: Budget Speech

February 24, 2022

Death of a ByteDancer follow-up

On Wednesday, ByteDance officially confirmed the death of its employee due to cardiac arrest. Recap: Yesterday, we told you that conflicting rumors were swirling around a heart attack suffered by a ByteDance coder during a workout in the company gym. ByteDance said the coder was still alive in ICU….

On Wednesday, ByteDance officially confirmed the death of its employee due to cardiac arrest.
Recap: Yesterday, we told you that conflicting rumors were swirling around a heart attack suffered by a ByteDance coder during a workout in the company gym.

ByteDance said the coder was still alive in ICU....

sources

36kr: 最前线 | 字节跳动确认28岁员工吴同学不幸离世，此前已抢救41个小时

February 24, 2022

Bankrupt owner of a lonely heart

On Tuesday, state media outlet Xinhua ran a lengthy expose on scam dating apps. The expose highlighted common problems on many of China’s major dating platforms, including: Hiring female actors to masquerade as real users in order to entice men onto the platform Stealing photos and videos of women …

On Tuesday, state media outlet Xinhua ran a lengthy expose on scam dating apps.
The expose highlighted common problems on many of China’s major dating platforms, including:

Hiring female actors to masquerade as real users in order to entice men onto the platform
Stealing photos and videos of women ...

sources

Xinhua: “交友”变“交钱” 小心这些“脱单”App暗藏陷阱！

February 24, 2022

Kicking the QR payments can down the road

On Tuesday, the Payment Clearing Association of China (PCAC) – a body under the central bank (PBoC) – announced that merchants will no longer be required to upgrade their personal QR payment codes to commercial accounts. WeChat and Alipay, the two biggest mobile payments providers, quickly ma…

WeChat and Alipay, the two biggest mobile payments providers, quickly ma...

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Sina: 澎湃社论：个人收款码继续用，把选择权留给市场

SCMP: China back-pedals on plan to ban personal QR codes for business payment receipts after backlash

February 24, 2022

Everybody haaaaaacks…. sometimes

On Wednesday, Chinese cybersecurity group Pangu Lab released a technical report which accuses the US National Security Agency (NSA) of widespread cyber-espionage. The report suggests NSA hackers, over a 10-year period, have attacked 64 targets in China, and a total of 287 targets in 45 countries, i…

On Wednesday, Chinese cybersecurity group Pangu Lab released a technical report which accuses the US National Security Agency (NSA) of widespread cyber-espionage.

The report suggests NSA hackers, over a 10-year period, have attacked 64 targets in China, and a total of 287 targets in 45 countries, i...

sources

Pangu Labs: Bvp47 Top-tier Backdoor of US NSA Equation Group Technical Details

Global Times: Exclusive: Evidence of US monitoring 45 countries, regions exposed by Chinese cybersecurity experts for the 1st time

February 24, 2022

Don’t tax me, bro

On Wednesday, Minister of Finance Liu Kun penned a front page column in Study Times, the Central Party School-affiliated newspaper. ICYMI: Liu has been on a tax-and-fee-reductions roadshow of late. Last Friday, he wrote an op-ed in People’s Daily highlighting a variety of fee cut and subsidy propos…

On Wednesday, Minister of Finance Liu Kun penned a front page column in Study Times, the Central Party School-affiliated newspaper.
ICYMI: Liu has been on a tax-and-fee-reductions roadshow of late.

Last Friday, he wrote an op-ed in People’s Daily highlighting a variety of fee cut and subsidy propos...

sources

Study Times: 　　深入学习贯彻中央经济工作会议精神稳字当头稳中求进做好财政改革发展工作

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