string(13) "markets-macro"

Macro

February 18, 2022

Flash Talk | The bleak future of US-listed Chinese stocks

Was 2021 the beginning of the end for Chinese companies looking to list on Wall Street? Last June’s ill-fated Didi IPO catalyzed a regulatory firestorm that has completely stalled the once-booming relationship between upstart Chinese companies and American equity markets. As a plethora of tighter la… Username Password Remember Me Forgot Password

Was 2021 the beginning of the end for Chinese companies looking to list on Wall Street?
Last June’s ill-fated Didi IPO catalyzed a regulatory firestorm that has completely stalled the once-booming relationship between upstart Chinese companies and American equity markets. As a plethora of tighter la...

February 17, 2022

Beijing to ban preschool apps

The city of Beijing is tinkering with the idea of expanding the ban on education apps for preschool kids, according to a draft policy released on Wednesday. Why it matters: This move would mark an expansion of the “Double Reduction” policy which aimed to lighten the academic burden on China’s c…

The city of Beijing is tinkering with the idea of expanding the ban on education apps for preschool kids, according to a draft policy released on Wednesday.
Why it matters: This move would mark an expansion of the “Double Reduction” policy which aimed to lighten the academic burden on China’s c...

sources

Jiemian: 教育类APP卷入监管风暴，学龄前拟停止运行

February 17, 2022

Accommodative, flexible, and appropriate

Yi Gang, for one, is a believer. The central bank (PBoC) governor said he expects China’s economy to return to its potential growth rate this year despite volatile domestic and international conditions. Yi’s comments came during a speech on Wednesday, given ahead of a meeting of G20 central banker…

Yi's comments came during a speech on Wednesday, given ahead of a meeting of G20 central banker...

sources

Bloomberg: PBOC Chief Vows Supportive Policy as Growth Returns to Potential

February 17, 2022

Something to (es)crow about

Last week, we noted that much-anticipated regulations governing developers’ access to funds from housing presales held in escrow had been finalized. Today we have some details on what they say. Yay!!! Some context: Until now, rules governing access to presale funds in escrow varied from place to pla…

Last week, we noted that much-anticipated regulations governing developers’ access to funds from housing presales held in escrow had been finalized.
Today we have some details on what they say.
Yay!!!
Some context: Until now, rules governing access to presale funds in escrow varied from place to pla...

sources

The Paper: 三部门联合印发商品房预售资金监管文件，未统一监管资金拨付节点

February 17, 2022

Don’t call it a comeback

On Wednesday, Meihua International Medical Technologies Co. Ltd. priced its IPO and began trading on the Nasdaq Stock Exchange in New York. Some context: Jiangsu-based Meihua manufactures disposable medical devices and exports to over 30 countries. At long last: This is the first US IPO for a Chin…

On Wednesday, Meihua International Medical Technologies Co. Ltd. priced its IPO and began trading on the Nasdaq Stock Exchange in New York.

Some context: Jiangsu-based Meihua manufactures disposable medical devices and exports to over 30 countries.

At long last: This is the first US IPO for a Chin...

sources

Capital Watch: Meihua Downsizes IPO Target, Set to Trade Wednesday on Nasdaq

Bloomberg: Meihua Becomes China’s First U.S. IPO Since Didi Crackdown

February 17, 2022

Darkness is not the best disinfectant

On Wednesday, Fenwei and Yimei – two leading coal data providers – suspended coal price index reporting (Bloomberg). Why’s that? Fenwei said the suspension was to “prevent market participants from misjudging price trends” (East Money). Hmmm…. ICYMI: China is still suffering from high raw materia…

On Wednesday, Fenwei and Yimei – two leading coal data providers – suspended coal price index reporting (Bloomberg).
Why's that? Fenwei said the suspension was to "prevent market participants from misjudging price trends" (East Money).

Hmmm....

ICYMI: China is still suffering from high raw materia...

sources

Bloomberg: China Stops Coal Price Reporting to Crack Down on Rally

East Money: 中国煤炭资源网暂停发布CCI5500、CCI5000、4500折算价

February 17, 2022

Ring, ring…Wei?

Ring, ring…Oui? Xi Jinping rang up French President Macron on Wednesday for une chat fraternelle. Xi pushed to deepen ties (FMPRC): “In the new year, China and France should…strengthen dialogues and exchanges at all levels…and promote Sino-French cooperation for new results.” The readout fea…

Ring, ring…Oui?
Xi Jinping rang up French President Macron on Wednesday for une chat fraternelle.
Xi pushed to deepen ties (FMPRC):

“In the new year, China and France should…strengthen dialogues and exchanges at all levels…and promote Sino-French cooperation for new results.”

The readout fea...

sources

FMPRC: 习近平同法国总统马克龙通电话

February 17, 2022

It’s a dirty job…

…but somebody’s got to do the Third National Soil Census. That’s why, on Wednesday, the State Council announced a census to “grasp the situation of [China’s] soil resources” (Gov.cn): The process will begin in 2022, and by the end of 2025 it will produce a report on national arable land quality, …

...but somebody’s got to do the Third National Soil Census.
That's why, on Wednesday, the State Council announced a census to “grasp the situation of [China’s] soil resources” (Gov.cn):

The process will begin in 2022, and by the end of 2025 it will produce a report on national arable land quality, ...

sources

Gov.cn: 国务院关于开展第三次全国土壤普查的通知

February 17, 2022

Holding back the tide

The Ministry of Water Resources (MWR) is scrambling to respond to a severe drought in Guangdong province. Last week, MWR dispatched a team – led by Vice Minister Liu Weiping – to evaluate the ongoing drought response, water supply security, and efforts to prevent saltwater incursion in the Pearl Riv…

The Ministry of Water Resources (MWR) is scrambling to respond to a severe drought in Guangdong province.
Last week, MWR dispatched a team – led by Vice Minister Liu Weiping – to evaluate the ongoing drought response, water supply security, and efforts to prevent saltwater incursion in the Pearl Riv...

sources

The Paper: 60年最严重旱情叠加强劲咸潮，珠三角城市供水到了严峻时候

February 17, 2022

Slaying the Hypebeast

On Wednesday, Foreign Ministry Spokesperson Wang Wenbin called out the REAL villain behind the recent Russia-Ukraine tension. The Scooby-Dooian Reveal: It was the United States of America all along! Wang tore into Washington for (MoFA): “[P]laying up the threat of war and creating an air of tension…

On Wednesday, Foreign Ministry Spokesperson Wang Wenbin called out the REAL villain behind the recent Russia-Ukraine tension.
The Scooby-Dooian Reveal: It was the United States of America all along!
Wang tore into Washington for (MoFA):

“[P]laying up the threat of war and creating an air of tension...

sources

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on February 16, 2022

February 17, 2022

New bureau targets health emergencies

It’s a bureaucratic shuffle – to save lives. On Wednesday, the Party Central Committee and State Council jointly released a plan to adjust the functions, structure, and staffing at China’s health ministry (NHC). The biggest change? The plan detailed the formal mechanisms and organizational structure…

It's a bureaucratic shuffle – to save lives.
On Wednesday, the Party Central Committee and State Council jointly released a plan to adjust the functions, structure, and staffing at China's health ministry (NHC).
The biggest change? The plan detailed the formal mechanisms and organizational structure...

sources

Gov.cn: 中共中央办公厅国务院办公厅关于调整国家卫生健康委员会职能配置、内设机构和人员编制的通知

Gov.cn: 国家疾病预防控制局职能配置、内设机构和人员编制规定

Tianjin.gov: 国务院联防联控机制工作组在津指导工作，王贺胜李鸿忠廖国勋出席会商会

Xinhua: 国家疾病预防控制局局长王贺胜赴深指挥协调内地医疗资源支持香港抗击第五波新冠肺炎疫情

February 17, 2022

Xi tells Hong Kong to get a grip

Not so special after all. Xi Jinping has reportedly issued instructions for the Hong Kong Special Administrative Region, as the city struggles to cope with a fifth wave of Covid-19 infections. On Wednesday, the city saw (SCMP): 4,285 new infections and nine deaths Hospitals so overwhelmed that pati…

Not so special after all.
Xi Jinping has reportedly issued instructions for the Hong Kong Special Administrative Region, as the city struggles to cope with a fifth wave of Covid-19 infections.
On Wednesday, the city saw (SCMP):

4,285 new infections and nine deaths
Hospitals so overwhelmed that pati...

sources

SCMP: Coronavirus Hong Kong: Xi Jinping puts city government on notice, instructs it to bear ‘main responsibility’ to contain spiralling health crisis, focus on social stability

Global Times: Xi urges HK to prioritize anti-epidemic work, stresses full support for SAR

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