string(13) "markets-macro"

Macro

February 23, 2022

One e-government to license them all

On Tuesday, the State Council issued opinions on promoting the national interoperability of electronic licenses and certificates. The deets: The Opinions provide high-level guidance on standardizing and centralizing electronic versions of official documents. For individuals, that includes bir… Username Password Remember Me Forgot Password

On Tuesday, the State Council issued opinions on promoting the national interoperability of electronic licenses and certificates.
The deets: The Opinions provide high-level guidance on standardizing and centralizing electronic versions of official documents.

For individuals, that includes bir...

sources

Gov.cn: 国务院办公厅关于加快推进电子证照扩大应用领域和全国互通互认的意见

February 23, 2022

Pushing back the retirement age

You’ve earned a nice retirement, comrade. But why so soon? The latest Five-Year Plan for China’s elderly, released on Monday, promised a happier, healthier old age for China’s elderly. One goal from the plan caught our eye (Gov.cn): “Delay the legal retirement age in a phased manner.” Not before t…

You've earned a nice retirement, comrade. But why so soon?
The latest Five-Year Plan for China’s elderly, released on Monday, promised a happier, healthier old age for China's elderly.
One goal from the plan caught our eye (Gov.cn):

“Delay the legal retirement age in a phased manner.”

Not before t...

sources

Gov.cn: 国务院关于印发“十四五”国家老龄事业发展和养老服务体系规划的通知

Jiangsu Government: 我省明确企业职工基本养老保险实施办法

Jiemian: 国家卫健委发布2020年度国家老龄事业发展公报

SCMP: China to delay retirement ages ‘gradually’ by 2025, after holding firm for seven decades

February 23, 2022

The Great (Stone)wall of China

Tuesday was a rough day at the office for Foreign Ministry spokesperson Wang Wenbin. During the ministry’s daily press briefing, Wang was predictably barraged with questions from foreign journalists about China’s stance on the Ukraine crisis. Wang offered the only answer he could (MoFA): “China i…

Tuesday was a rough day at the office for Foreign Ministry spokesperson Wang Wenbin.

During the ministry’s daily press briefing, Wang was predictably barraged with questions from foreign journalists about China’s stance on the Ukraine crisis.

Wang offered the only answer he could (MoFA):

“China i...

sources

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on February 22, 2022

Twitter: @lingli_vienna

February 23, 2022

Ring, ring, it’s the United States

On Tuesday, Foreign Minister Wang Yi fielded a phone call from US Secretary of State Antony Blinken. Blinken kicked things off by broaching China’s headache du jour, the Ukraine crisis, underscoring (State Department): “The need to preserve Ukraine’s sovereignty and territorial integrity.” Wang di…

On Tuesday, Foreign Minister Wang Yi fielded a phone call from US Secretary of State Antony Blinken.
Blinken kicked things off by broaching China’s headache du jour, the Ukraine crisis, underscoring (State Department):

“The need to preserve Ukraine’s sovereignty and territorial integrity.”

Wang di...

sources

US State Department: Secretary Blinken’s Call with People’s Republic of China (PRC) State Councilor and Foreign Minister Wang Yi

MoFA: Wang Yi Speaks with US Secretary of State Antony Blinken on the Phone

MoFA: 王毅应约同美国国务卿布林肯就中美关系交换意见

February 23, 2022

No more fraudian slips

The Ministry of Human Resources and Social Security (MOHRSS) is following the money. MOHRSS announced Tuesday that new and improved “Administrative Supervision Measures for Social Insurance Funds” go into effect on March 18. The revisions aim to increase transparency and decrease potential for fraud…

The Ministry of Human Resources and Social Security (MOHRSS) is following the money.
MOHRSS announced Tuesday that new and improved "Administrative Supervision Measures for Social Insurance Funds" go into effect on March 18.
The revisions aim to increase transparency and decrease potential for fraud...

sources

Xinhua: 人社部发布新版《社会保险基金行政监督办法》

Gov.cn: Full text: 社会保险基金行政监督办法

Trivium: Happy old age, happy new era

February 23, 2022

First things first

On Tuesday, the Party Central Committee and the State Council released the 2022 No. 1 Document. The topic: Ensuring food security and promoting rural development. That’s no surprise: For the past 19 years, the Party’s first policy document each year has focused on supporting agriculture, rural are…

On Tuesday, the Party Central Committee and the State Council released the 2022 No. 1 Document.
The topic: Ensuring food security and promoting rural development.
That's no surprise: For the past 19 years, the Party's first policy document each year has focused on supporting agriculture, rural are...

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

February 23, 2022

Shovels at the ready!

Wondering how Beijing will support growth? Wonder no longer. The National Development and Reform Commission (NDRC) – along with 11 other government agencies – has issued guidelines “promoting the steady growth of the industrial economy.” They’re dated Friday but seem to have been released Tuesday….

Wondering how Beijing will support growth?
Wonder no longer.
The National Development and Reform Commission (NDRC) – along with 11 other government agencies – has issued guidelines “promoting the steady growth of the industrial economy.”

They're dated Friday but seem to have been released Tuesday....

sources

NDRC: 关于印发促进工业经济平稳增长的若干政策的通知

February 23, 2022

Some welcome guidance

On Monday, Bloomberg reported that the Shanghai branch of the People’s Bank of China (PBoC) has urged commercial banks to accelerate issuance of home mortgages and loans to developers. Citing unnamed sources, Bloomberg said that Shanghai PBoC issued guidance to local banks earlier this month. The P…

On Monday, Bloomberg reported that the Shanghai branch of the People’s Bank of China (PBoC) has urged commercial banks to accelerate issuance of home mortgages and loans to developers.
Citing unnamed sources, Bloomberg said that Shanghai PBoC issued guidance to local banks earlier this month.

The P...

sources

Bloomberg: China Broadens Real Estate Lending Support to Bigger Cities

February 23, 2022

CBIRC pushes private pension pilot program

On Monday, the China Banking and Insurance Regulatory Commission (CBIRC) issued a notice announcing the expansion of its private pension pilot program. The deets: The pilot will be expanded nationwide, effective March 1. Pension insurance companies will now be allowed to participate. Some context…

On Monday, the China Banking and Insurance Regulatory Commission (CBIRC) issued a notice announcing the expansion of its private pension pilot program.
The deets:

The pilot will be expanded nationwide, effective March 1.
Pension insurance companies will now be allowed to participate.

Some context...

sources

Gov.cn: 中国银保监会发布《关于扩大专属商业养老保险试点范围的通知》

Caixin Global: China Expands Private Pension Pilot Program

February 23, 2022

Bonds, well-regulated bonds

On Friday, the China Securities Regulatory Commission (CSRC) held its 2022 Bond Supervision Work Conference. The message: The bond market should be a legally sound and market-based exchange… that supports state development goals. Some context: The CSRC regulates the exchange bond market, which acc…

On Friday, the China Securities Regulatory Commission (CSRC) held its 2022 Bond Supervision Work Conference.
The message: The bond market should be a legally sound and market-based exchange... that supports state development goals.
Some context: The CSRC regulates the exchange bond market, which acc...

sources

Gov.cn: 中国证监会召开2022年债券监管工作会议

February 23, 2022

Not full of beans

On Thursday, the state reserve manager (NFSRA) announced plans to auction soybeans and edible oil from state reserves. NFSRA didn’t share details on: The volume of oil and soybeans to be auctioned When or how auctions would take place The reserve manager only hinted at the goal of the auctions (NF…

On Thursday, the state reserve manager (NFSRA) announced plans to auction soybeans and edible oil from state reserves.
NFSRA didn't share details on:

The volume of oil and soybeans to be auctioned
When or how auctions would take place

The reserve manager only hinted at the goal of the auctions (NF...

sources

NFSRA: 国家有关部门将拍卖政策性大豆

Agricensus: China’s oil plants shut down because of soybean shortage: industry sources

February 23, 2022

Financial regulators tell banks to offer cash services

At a meeting on Monday, the central bank and the CBIRC said that banks shouldn’t stop offering cash services. Recap: A month ago, two small local banks discontinued their cash deposit and withdrawal services to cut operational costs, as the use of cash has been largely replaced by digital payments. …

At a meeting on Monday, the central bank and the CBIRC said that banks shouldn't stop offering cash services.
Recap: A month ago, two small local banks discontinued their cash deposit and withdrawal services to cut operational costs, as the use of cash has been largely replaced by digital payments.
...

sources

Gov.cn: 人民银行、银保监会联合召开银行业金融机构人民币现金服务工作座谈会

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