string(13) "markets-macro"

Macro

January 24, 2022

MoT sitdown with truck hailing platforms

On Thursday, the Ministry of Transport (MoT) sat down with four truck-hailling platforms – Full Truck Alliance, Huolala, Didi Freight, and Kuaigoudache. At issue: Drivers have been complaining about high fees charged by platforms. MoT’s solution: Order platforms to increase transpa… Username Password Remember Me Forgot Password

On Thursday, the Ministry of Transport (MoT) sat down with four truck-hailling platforms – Full Truck Alliance, Huolala, Didi Freight, and Kuaigoudache.
At issue: Drivers have been complaining about high fees charged by platforms.
MoT’s solution: Order platforms to increase transpa...

sources

Caixin: 交通部约谈提醒滴滴、货拉拉等8家公司要求平台规范运营

January 24, 2022

MIIT responds to click bait

On Monday, People’s Daily reported that some apps are getting a little too creative about inducing consumers to click on ads. What’s going on? People’s Daily has a message board in which users can file complaints directly to regulators. A citizen posted on the board complaining th…

On Monday, People’s Daily reported that some apps are getting a little too creative about inducing consumers to click on ads.
What’s going on?

People’s Daily has a message board in which users can file complaints directly to regulators.
A citizen posted on the board complaining th...

sources

People.cn: 加大手机软件广告治理力度（建议·回复）

January 21, 2022

When anti-monopoly meets anti-trust

On Thursday, Bloomberg reported that changes to a draft US anti-trust bill mean the bill — if passed — would impact Tencent and ByteDance. What’s happening: The “American Innovation and Choice Online Act” aims to restrict a platform’s ability to favor its own products and services on its own platfor…

On Thursday, Bloomberg reported that changes to a draft US anti-trust bill mean the bill — if passed — would impact Tencent and ByteDance.
What's happening: The “American Innovation and Choice Online Act” aims to restrict a platform's ability to favor its own products and services on its own platfor...

sources

Bloomberg: U.S. Antitrust Bill Expanded to Include TikTok, Tencent’s WeChat

January 21, 2022

Double double oil and trouble

Across December and January (to date), China has added nearly four million barrels of crude oil from Iran to its strategic reserves. The tally comes courtesy of a Reuters report published Wednesday. Some context: December saw China’s first imports of Iranian oil since 2020. China is due to release…

Across December and January (to date), China has added nearly four million barrels of crude oil from Iran to its strategic reserves.

The tally comes courtesy of a Reuters report published Wednesday.

Some context: December saw China's first imports of Iranian oil since 2020.
China is due to release...

sources

Reuters: China puts 4 mln barrels of Iranian oil into state reserves -source, Vortexa

Reuters: Oil hit 7-year highs as tight supply bites

January 21, 2022

Another one bites the dust

On Wednesday, China Aoyuan Group said that won’t make payments on four dollar-denominated bonds, making it the latest Chinese property developer to default. In a statement to the Hong Kong stock exchange, Aoyuan said: “The continued market downturn and the dampening of purchasers’ confidence have c…

On Wednesday, China Aoyuan Group said that won’t make payments on four dollar-denominated bonds, making it the latest Chinese property developer to default.
In a statement to the Hong Kong stock exchange, Aoyuan said:

“The continued market downturn and the dampening of purchasers’ confidence have c...

sources

HKEX: Inside Information Further Information Update

Bloomberg: China Aoyuan Won’t Pay Bonds, Signals Default Imminent

January 21, 2022

Gotta get myself connected

It’s been a long time coming, but China’s bond platforms are getting closer to linking up. On Thursday, all the major players – namely the Shanghai and Shenzhen stock exchanges, the National Association of Financial Market Institutional Investors (NAFMII), and the China Securities Depository and Cle…

It’s been a long time coming, but China’s bond platforms are getting closer to linking up.
On Thursday, all the major players – namely the Shanghai and Shenzhen stock exchanges, the National Association of Financial Market Institutional Investors (NAFMII), and the China Securities Depository and Cle...

sources

National Business Daily: 基本业务规则出炉银行间和交易所债市互联互通迈出关键一步

January 21, 2022

Tricked out

China’s financial consumers keep getting duped. And regulators are sick of it. On Thursday, the China Banking and Insurance Regulatory Commission (CBIRC) issued an announcement excoriating certain “tricks” used in the industry and warning consumers about bad apples. The announcement, which was rele…

China's financial consumers keep getting duped.
And regulators are sick of it.
On Thursday, the China Banking and Insurance Regulatory Commission (CBIRC) issued an announcement excoriating certain “tricks” used in the industry and warning consumers about bad apples.
The announcement, which was rele...

sources

Gov.cn: 关于防范“套路”营销行为的风险提示

Caixin: 银保监会：诱导消费者优先使用消费信贷属“套路”营销

January 21, 2022

Mi gas-a es su gas-a

In a wild turnabout, China now has too much gas on its hands. On Wednesday, Bloomberg reported that two of China’s largest liquefied natural gas (LNG) importers initiated unprecedented LNG cargo resales. CNOOC is offering one cargo per month from May to November. Sinopec is offering up to 45 cargoe…

In a wild turnabout, China now has too much gas on its hands.
On Wednesday, Bloomberg reported that two of China's largest liquefied natural gas (LNG) importers initiated unprecedented LNG cargo resales.

CNOOC is offering one cargo per month from May to November.
Sinopec is offering up to 45 cargoe...

sources

Bloomberg: China Looks to Resell LNG as World Grapples With Gas Shortage

January 21, 2022

We need to talk

On Friday, the SCMP reported that the US and China are in talks to set up a meeting between top Chinese diplomat Yang Jiechi and US National Security Advisor Jake Sullivan. Some context: The pair last met in Zurich in October to pave the way for the Xi-Biden video summit in November. One in-the-know…

On Friday, the SCMP reported that the US and China are in talks to set up a meeting between top Chinese diplomat Yang Jiechi and US National Security Advisor Jake Sullivan.
Some context: The pair last met in Zurich in October to pave the way for the Xi-Biden video summit in November.
One in-the-know...

sources

SCMP: Exclusive | China-US relations: diplomats pave way for Yang Jiechi-Jake Sullivan rematch

January 21, 2022

More details on emission monitoring pilot

On Wednesday, Reuters scooped additional details on China’s carbon emission monitoring and assessment pilots. Some context: The Ministry of Ecology and Environment (MEE) announced at a September press conference that it had launched the “Carbon Emission Monitoring and Assessment Pilot Work Program.”…

On Wednesday, Reuters scooped additional details on China’s carbon emission monitoring and assessment pilots.
Some context: The Ministry of Ecology and Environment (MEE) announced at a September press conference that it had launched the “Carbon Emission Monitoring and Assessment Pilot Work Program.”...

sources

Reuters: China launches campaign to plug greenhouse gas monitoring gap

January 21, 2022

Happiness factories

China’s tourist traps are beefing up for a post-COVID world. On Thursday, the State Council issued the 14th Five-Year Plan for Tourism Development. Economic development plans always tickle our fancy, but this line was our favorite (Gov.cn): “The tourism industry should give full play to …

China’s tourist traps are beefing up for a post-COVID world.
On Thursday, the State Council issued the 14th Five-Year Plan for Tourism Development.
Economic development plans always tickle our fancy, but this line was our favorite (Gov.cn):

“The tourism industry should give full play to ...

sources

Gov.cn: Full text: “十四五”旅游业发展规划

Xinhua: 国务院印发《“十四五”旅游业发展规划》

January 21, 2022

A full plate

On Thursday, the National Development and Reform Commission (NDRC) published an explainer on what it’s doing to keep food prices under control for the upcoming Chinese New Year (CNY) holiday. It looks like they won’t be getting much of a vacation. ICYDK: Food prices always rise around CNY as peopl…

On Thursday, the National Development and Reform Commission (NDRC) published an explainer on what it's doing to keep food prices under control for the upcoming Chinese New Year (CNY) holiday.

It looks like they won't be getting much of a vacation.

ICYDK: Food prices always rise around CNY as peopl...

sources

The Paper: 国家发改委：全力做好春节期间重要民生商品保供稳价工作

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