string(13) "markets-macro"

Macro

February 11, 2022

High energy needed for low-carbon future

Someone’s been busy. On Thursday, the macro planner (NDRC) and its affiliated energy regulator (NEA) jointly released 38 regulatory initiatives to transform the energy sector into a low-carbon industry. Don’t look away: Reforming the energy sector is crucial for achieving China’s climate change pled… Username Password Remember Me Forgot Password

Someone's been busy.
On Thursday, the macro planner (NDRC) and its affiliated energy regulator (NEA) jointly released 38 regulatory initiatives to transform the energy sector into a low-carbon industry.
Don't look away: Reforming the energy sector is crucial for achieving China's climate change pled...

sources

NDRC: 国家发展改革委国家能源局关于完善能源绿色低碳转型体制机制和政策措施的意见

February 11, 2022

Easing up on the limits

On January 21, we noted central authorities were mulling new national regulations to make it easier for property developers to access funds from presales held in escrow – a major source of funding for China’s developers. Well, on Thursday, Chinese financial media revealed the rules are done and out …

On January 21, we noted central authorities were mulling new national regulations to make it easier for property developers to access funds from presales held in escrow – a major source of funding for China’s developers.
Well, on Thursday, Chinese financial media revealed the rules are done and out ...

sources

Cailianshe: 全国性商品房预售资金监管办法出台房企有望获更多流动性

21st Century Biz: 房地产业接连迎利好：预售资金监管迎全国统一规定，房企资金流紧张有望得到缓解

February 11, 2022

Data dump – credit

China’s central bank released credit data for January late on Thursday. The headlines: Net new total social financing (TSF) hit RMB 6.17 trillion last month. The consensus forecast was RMB 5.46 trillion. Net new bank loans were RMB 3.98 trillion in January, higher than the forecasted RMB 3.69 trill…

China’s central bank released credit data for January late on Thursday.
The headlines:

Net new total social financing (TSF) hit RMB 6.17 trillion last month. The consensus forecast was RMB 5.46 trillion.
Net new bank loans were RMB 3.98 trillion in January, higher than the forecasted RMB 3.69 trill...

sources

PBoC: 2022年1月金融统计数据报告

Reuters: China new bank loans hit record in Jan as cenbank eases policy

February 11, 2022

15 Chinese companies seeking to list on Wall Street

On Thursday, Caixin reported that 15 Chinese companies have submitted or updated their US IPO prospectuses since the start of 2022. ICYMI: After June 30, 2021 – the date of Didi’s ill-fated IPO – not a single Chinese tech unicorn has gone public on Wall Street. In fact, many have ditched their New …

On Thursday, Caixin reported that 15 Chinese companies have submitted or updated their US IPO prospectuses since the start of 2022.
ICYMI: After June 30, 2021 – the date of Didi’s ill-fated IPO – not a single Chinese tech unicorn has gone public on Wall Street.

In fact, many have ditched their New ...

sources

Caixin: 多家公司向SEC提交招股书赴美IPO为何回暖？

February 11, 2022

The Lou-down on the economy

China’s financial media love former finance minister Lou Jiwei. That’s because, unlike most officials, Lou is famous for shooting straight and speaking his mind. According to financial media, Lou was at it again in January, when he met with former US Treasury Secretary Hank Paulson. Lou’s message:…

China's financial media love former finance minister Lou Jiwei.

That's because, unlike most officials, Lou is famous for shooting straight and speaking his mind.

According to financial media, Lou was at it again in January, when he met with former US Treasury Secretary Hank Paulson.
Lou’s message:...

sources

Caixin: 楼继伟对话保尔森：全球经济复苏、中美合作前景如何？

February 11, 2022

Growth you can take home to mother

This one’s a bit old, but it slipped by us because of the Lunar New Year, so we’re guessing it slipped by you as well. On January 28, Reuters reported that China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai hosted a virtual meeting with senior executives from more than a dozen …

This one’s a bit old, but it slipped by us because of the Lunar New Year, so we’re guessing it slipped by you as well.
On January 28, Reuters reported that China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai hosted a virtual meeting with senior executives from more than a dozen ...

sources

Reuters: Exclusive: China securities regulator met foreign banks to soothe economic concerns - sources

February 11, 2022

CAICT does 500 data security evals

On Thursday, state-affiliated tech think tank CAICT published the status of their efforts to get China-based companies compliant with new data security laws. Background: Last year, CAICT launched the Zhuoxin Big Data Project, an initiative designed to help companies to get prepared for the new Data…

On Thursday, state-affiliated tech think tank CAICT published the status of their efforts to get China-based companies compliant with new data security laws.
Background: Last year, CAICT launched the Zhuoxin Big Data Project, an initiative designed to help companies to get prepared for the new Data...

sources

CAICT: 2022企业数据安全管理工作系列研讨会（第二期）即将召开

February 11, 2022

Influencing accountability

On Thursday, the Shanghai branch of China’s market regulator (SAMR) issued new advertising rules stating that e-commerce livestream influencers are personally responsible for any false claims they may make about a product. Yeowza. The logic is based on traditional advertising rules: In China’s Ad…

Yeowza.

The logic is based on traditional advertising rules:

In China’s Ad...

sources

Gov.cn: 市市场监管局发布《商业广告代言活动合规指引》

Gov.cn: 四川省市场监督管理局关于规范广告代言活动的提示

Gov.cn: 浙江省市场监管局印发《明星商业广告代言行为合规指引》

February 11, 2022

Security assessment machine

CAICT is a security assessment machine. On Wednesday, the think tank also announced they have completed the first round of evaluations on mobile advertising SDKs, APIs, and plugins. Background: App developers often use third-party code to connect to ad service engines. But those third-party servic…

CAICT is a security assessment machine.
On Wednesday, the think tank also announced they have completed the first round of evaluations on mobile advertising SDKs, APIs, and plugins.
Background: App developers often use third-party code to connect to ad service engines. But those third-party servic...

sources

CAICT: 2022企业数据安全管理工作系列研讨会（第二期）即将召开

February 11, 2022

Baby steps to national core data

China continues to take baby steps towards fleshing out its data security regime. On Thursday, MIIT released updated draft measures on industrial and telecommunications data security. The first draft was dropped last September. What are they? The regulations are a foundational instruct…

China continues to take baby steps towards fleshing out its data security regime.
On Thursday, MIIT released updated draft measures on industrial and telecommunications data security.

The first draft was dropped last September.

What are they? The regulations are a foundational instruct...

sources

MIIT: 再次公开征求对《工业和信息化领域数据安全管理办法（试行）》的意见

February 11, 2022

Come to Jesus, take 3

Man… that meeting the CAC had with 27 internet companies in January just won’t die. On Thursday, the CAC published yet another readout, with even more details on what was said. Publishing three separate readouts is unusual. Clearly, this was not your average “come to Jesus.” What now? The new…

Man… that meeting the CAC had with 27 internet companies in January just won’t die.
On Thursday, the CAC published yet another readout, with even more details on what was said.

Publishing three separate readouts is unusual.
Clearly, this was not your average "come to Jesus."

What now? The new...

sources

CAC: 聚精会神办企业心无旁骛谋发展——中央网信办等四部门召开促进互联网企业健康持续发展工作座谈会引起热烈反响

February 11, 2022

Deep dive | The bleak future of US-listed Chinese stocks

2021 was the beginning of the end for US-listed Chinese stocks. While the Nasdaq and S&P were jumping 20% on the year, Chinese listcos were tanking. Of the 250-ish US-listed Chinese companies, 155 lost more than 50% of their market value last year. Part of it was fundamental: Beijing’s aggres…

2021 was the beginning of the end for US-listed Chinese stocks.
While the Nasdaq and S&P were jumping 20% on the year, Chinese listcos were tanking.

Of the 250-ish US-listed Chinese companies, 155 lost more than 50% of their market value last year.

Part of it was fundamental:

Beijing’s aggres...

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