string(13) "markets-macro"

Macro

February 17, 2022

Artificial intelligence computing center project kicks off near Beijing

On Monday, the buildout of the Hebei Artificial Intelligence Computing Center officially began. The project is backed by the local government. 10 organizations signed contracts to establish operations on site. What is it? The center will provide supercomputing services for enterprises i… Username Password Remember Me Forgot Password

On Monday, the buildout of the Hebei Artificial Intelligence Computing Center officially began.

The project is backed by the local government.
10 organizations signed contracts to establish operations on site.

What is it? The center will provide supercomputing services for enterprises i...

sources

CAC: 河北人工智能计算中心落户廊坊

Sohu: 河北人工智能计算中心落户廊坊

February 17, 2022

MIIT puts a ring on pre-installed mobile app rules

On Wednesday, MIIT released draft regulations that limit pre-installed apps on mobile devices. The draft says: Device manufacturers should ensure non-essential pre-installed apps are deletable. New devices can only ship with essential apps, like browsers, app stores, and calendars. Manufacturers sh…

On Wednesday, MIIT released draft regulations that limit pre-installed apps on mobile devices.
The draft says:

Device manufacturers should ensure non-essential pre-installed apps are deletable.
New devices can only ship with essential apps, like browsers, app stores, and calendars.
Manufacturers sh...

sources

Gov.cn: 公开征求对《关于进一步规范移动智能终端应用软件预置行为的通告》的意见

February 17, 2022

January stat dump: Illegal content reporting

On Wednesday, the CAC released the January numbers on illegal internet content reports submitted by the public. The deets: In January, both the government and internet platforms received a total of 14.7 million illegal content reports. Of those, 365,000 reports were submitted to the the central CA…

On Wednesday, the CAC released the January numbers on illegal internet content reports submitted by the public.
The deets:
In January, both the government and internet platforms received a total of 14.7 million illegal content reports.

Of those, 365,000 reports were submitted to the the central CA...

sources

CAC: 2022年1月全国受理网络违法和不良信息举报1473.7万件

February 17, 2022

The PBoC is not happy

Sun Tianqi, head of the People’s Bank of China’s (PBoC) financial stability bureau, is complaining that financial institutions are using digital finance to get around regulations limiting the geographic scope of their operations. In an article published last Tuesday in China Finance, the PBoC’s…

Sun Tianqi, head of the People’s Bank of China’s (PBoC) financial stability bureau, is complaining that financial institutions are using digital finance to get around regulations limiting the geographic scope of their operations.
In an article published last Tuesday in China Finance, the PBoC’s...

sources

China Finance: 《中国金融》｜孙天琦：数字经济下金融监管有效性思考

February 17, 2022

Xi on the rule of law for tech

On Tuesday, top Party journal Qiushi published a previously-unpublished speech Xi Jinping gave at December’s Politburo study session. The topic: Strengthening the rule of law in China. Spoiler alert: Xi told us a bunch of stuff we already know. China will: Accelerate the pace of legislation in …

On Tuesday, top Party journal Qiushi published a previously-unpublished speech Xi Jinping gave at December's Politburo study session.

The topic: Strengthening the rule of law in China.

Spoiler alert: Xi told us a bunch of stuff we already know. China will:

Accelerate the pace of legislation in ...

sources

Qiushi: 坚持走中国特色社会主义法治道路更好推进中国特色社会主义法治体系建设

February 17, 2022

Metaverse industry committee grows

Remember when we told you that China had formed its first metaverse industry committee? The committee was formed under the China Mobile Communications Association (CMCA), China’s only industry association for telecoms. Well, that committee is getting bigger. On Wednesday, the committee announced…

Remember when we told you that China had formed its first metaverse industry committee?

The committee was formed under the China Mobile Communications Association (CMCA), China's only industry association for telecoms.

Well, that committee is getting bigger.
On Wednesday, the committee announced...

sources

CMCA-MCC: 中国移联元宇宙产业委第四次新闻通报会新闻通稿

February 17, 2022

Digital formalism

On Wednesday, an op-ed in state media outlet Xinhua took aim at “digital formalism.” Digital what-ism? Digital formalism is when local government officials build e-government service platforms, but then manage them improperly. Examples given: Policy feedback or official complaint platforms tha…

On Wednesday, an op-ed in state media outlet Xinhua took aim at “digital formalism.”
Digital what-ism? Digital formalism is when local government officials build e-government service platforms, but then manage them improperly.
Examples given:

Policy feedback or official complaint platforms tha...

sources

Xinhua: 新华时评：谨防“数字形式主义”滋生蔓延播

February 17, 2022

Deep Dive | Deep(fake)dive

On January 28, China’s cyberspace watchdog, the CAC, released draft rules governing “deep synthesis technologies” – AKA deepfakes. The policy is another world-first for the CAC. Background: In August 2021, the CAC also released the world’s first comprehensive regulations for recommendation al…

On January 28, China’s cyberspace watchdog, the CAC, released draft rules governing “deep synthesis technologies” – AKA deepfakes.

The policy is another world-first for the CAC.

Background: In August 2021, the CAC also released the world’s first comprehensive regulations for recommendation al...

sources

CAC: 互联网信息服务深度合成管理规定（征求意见稿）

February 17, 2022

Hello, Hong Kong

On Monday, Jiemian scooped that Nasdaq-listed Hello Group is working on a secondary listing in Hong Kong. The company has not confirmed the news. Some context: Hello Group owns numerous social networking apps for young people in China, including popular dating platform Momo. The company has been…

On Monday, Jiemian scooped that Nasdaq-listed Hello Group is working on a secondary listing in Hong Kong.

The company has not confirmed the news.

Some context: Hello Group owns numerous social networking apps for young people in China, including popular dating platform Momo.

The company has been...

sources

Jiemian: 【独家】陌陌启动港股上市计划，欲重获高估值

February 16, 2022

A little bit extra

On Tuesday, the People’s Bank of China (PBoC) injected a net RMB 100 billion into the financial system via the medium-term lending facility (MLF). Some context: The MLF is the primary channel through which the PBoC lends to the country’s largest commercial banks. The deets: The PBoC issued RMB 300 i…

On Tuesday, the People’s Bank of China (PBoC) injected a net RMB 100 billion into the financial system via the medium-term lending facility (MLF).
Some context: The MLF is the primary channel through which the PBoC lends to the country’s largest commercial banks.
The deets: The PBoC issued RMB 300 i...

sources

People's Daily: 央行开展3000亿元中期借贷便利操作利率不变

Yicai: 流动性充裕下2月MLF仍超额续做3000亿元，释放什么信号？

PBoC: Announcement on Open Market Operations No.28 [2022]

February 16, 2022

Hang on, help’s on its way

On Tuesday, the State Council outlined a raft of measures designed to help boost the economy. TL;DR: If you’re looking for stimulus, this isn’t it. Still, it’s pretty clear Beijing is just a teensy bit worried about economic conditions. The State Council’s statement – which followed a routine meet…

On Tuesday, the State Council outlined a raft of measures designed to help boost the economy.
TL;DR: If you’re looking for stimulus, this isn’t it.

Still, it’s pretty clear Beijing is just a teensy bit worried about economic conditions.

The State Council’s statement – which followed a routine meet...

sources

State Council: 李克强主持召开国务院常务会议听取2021年全国两会建议提案办理情况汇报等

February 16, 2022

Inflation still a priority

On Tuesday, the State Council held its weekly executive meeting. Inflation was a key topic of discussion. To battle rising prices, the readout said the State Council would “guarantee food and energy security” by (Gov.cn): “Continuing to ensure that the supply of bulk commodities is sufficient, and…

On Tuesday, the State Council held its weekly executive meeting.
Inflation was a key topic of discussion.
To battle rising prices, the readout said the State Council would “guarantee food and energy security” by (Gov.cn):

“Continuing to ensure that the supply of bulk commodities is sufficient, and...

sources

State Council: 李克强主持召开国务院常务会议听取2021年全国两会建议提案办理情况汇报等

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