string(13) "markets-macro"

Macro

January 18, 2022

Opening up the capital market

We love overseas IPOs. Really. That was the message on Monday from China’s securities regulator (CSRC) as it laid out its work priorities for 2022. Some context: It’s the season for annual work conferences, and this one matters more than most for capital-chasing Chinese companies and investors every… Username Password Remember Me Forgot… Read More »

We love overseas IPOs. Really.
That was the message on Monday from China's securities regulator (CSRC) as it laid out its work priorities for 2022.
Some context: It's the season for annual work conferences, and this one matters more than most for capital-chasing Chinese companies and investors every...

sources

CSRC: 中国证监会召开2022年系统工作会议

January 18, 2022

Red light, green light for overseas IPOs

Last week, we highlighted an important new policy concept called “the traffic light system.” Recap: Beijing wants to be able to have more control over investment flows. The system would let policymakers signal where the private sector should invest and where it shouldn’t. “Red light” means “don’t…

Last week, we highlighted an important new policy concept called “the traffic light system.”
Recap: Beijing wants to be able to have more control over investment flows. The system would let policymakers signal where the private sector should invest and where it shouldn't.

“Red light” means "don't...

sources

CSRC: 中国证监会召开2022年系统工作会议

January 18, 2022

National Bureau of Stats’ tech data dump

Stat dump! On Monday, the National Bureau of Statistics released econ data for 2021. One number jumped out: China produced about 100 billion more chips this year than it did last year. 359.4 billion integrated circuits were made in 2021, compared to 261.4 billion in 2020, a 33.3% increase y/y. B…

Stat dump!
On Monday, the National Bureau of Statistics released econ data for 2021.
One number jumped out: China produced about 100 billion more chips this year than it did last year.

359.4 billion integrated circuits were made in 2021, compared to 261.4 billion in 2020, a 33.3% increase y/y.

B...

sources

Gov.cn: 国家统计局局长就2021年国民经济运行情况答记者问

January 18, 2022

Download numbers for digital yuan app double

On Monday, domestic media estimated that the digital yuan (e-CNY) app has been downloaded over 23 million times via Android app stores. That means downloads doubled over the last 10 days. Recap: Two weeks ago, the central bank (PBoC) launched the official wallet app for China’s new state-backed …

On Monday, domestic media estimated that the digital yuan (e-CNY) app has been downloaded over 23 million times via Android app stores.

That means downloads doubled over the last 10 days.

Recap: Two weeks ago, the central bank (PBoC) launched the official wallet app for China's new state-backed ...

sources

cls.cn: 数字人民币板块大涨！数字人民币APP下载量翻番产业链业务模式逐渐清晰但仍为研发投入期

January 18, 2022

Interoperability drive throws a bone to Baidu

On Monday, Baidu announced that it will be partnering with restaurant delivery app Meituan, social e-commerce app Xiaohongshu, travel giant Ctrip, and logistics provider SF Express. The project will kick off during the Chinese New Year holiday season. The skinny: “Users can access partner mini-p…

On Monday, Baidu announced that it will be partnering with restaurant delivery app Meituan, social e-commerce app Xiaohongshu, travel giant Ctrip, and logistics provider SF Express.

The project will kick off during the Chinese New Year holiday season.

The skinny:

“Users can access partner mini-p...

sources

Sohu: 百度与美团等十余家企业互联互通打造一站式春节服务

January 18, 2022

Xiaohongshu cracks down on “fake marketing”

On Thursday, reports emerged that social media e-commerce platform Xiaohongshu has launched a crackdown campaign on fraudulent grassroots marketing. Some context: Xiaohongshu is more of a social media platform than a traditional e-commerce platform. It’s primarily know as a plac…

On Thursday, reports emerged that social media e-commerce platform Xiaohongshu has launched a crackdown campaign on fraudulent grassroots marketing.
Some context: Xiaohongshu is more of a social media platform than a traditional e-commerce platform. It's primarily know as a plac...

sources

Sina: 封禁虚假营销品牌小红书启动新一轮“虚假营销”治理

January 18, 2022

The uncertain future of US listing

Chinese tech companies are shelving their US IPO plans in face of regulatory uncertainty. On Monday, a wide range of industry folks weighed in on the future prospects for overseas listings in an in-depth piece in financial media Caixin. An unnamed venture capital source said the crackdow…

Chinese tech companies are shelving their US IPO plans in face of regulatory uncertainty.
On Monday, a wide range of industry folks weighed in on the future prospects for overseas listings in an in-depth piece in financial media Caixin.
An unnamed venture capital source said the crackdow...

sources

Caixin: 最新封面报道｜中概股何处去

Bloomberg: China Signals End to $2 Trillion U.S. Stock Listing Juggernaut

January 18, 2022

Socially responsible gambling

On Friday, the Macau Special Administrate Region (SAR) government published proposed changes to gambling industry regulations. Some context: Gambling is essentially illegal in mainland China. As a self-administered territory, Macau has been able to capitalize on its SAR status to become China’s de f…

On Friday, the Macau Special Administrate Region (SAR) government published proposed changes to gambling industry regulations.
Some context: Gambling is essentially illegal in mainland China. As a self-administered territory, Macau has been able to capitalize on its SAR status to become China’s de f...

sources

Gov.mo: 行政会完成讨论《修改第16/2001号法律〈娱乐场幸运博彩经营法律制度〉》法律草案

Bloomberg: Macau Cuts Casino License Tenure, Caps Public Float in New Law

Caixin: 澳门20年来修订博彩法草案将最多发放6张赌牌

January 17, 2022

Data dump – econ data

As well as the Q4 GDP data, China’s stats bureau also published the monthly econ data for December on Monday. The headlines: Retail sales rose 1.7% y/y in December, down from 3.9% y/y growth in November. Fixed asset investment increased 2.1% y/y in December, compared with a 2.4% y/y fall in Novembe…

As well as the Q4 GDP data, China’s stats bureau also published the monthly econ data for December on Monday.
The headlines:

Retail sales rose 1.7% y/y in December, down from 3.9% y/y growth in November.
Fixed asset investment increased 2.1% y/y in December, compared with a 2.4% y/y fall in Novembe...

sources

NBS: 2021年全国房地产开发投资增长4.4%

NBS: 2021年社会消费品零售总额增长12.5%

January 17, 2022

Data dump – Q4 GDP

China’s stats bureau released the Q4 GDP results on Monday. The headlines: The economy expanded 4.0% y/y in real terms last quarter – down from 4.9% y/y growth in Q3. GDP in Q4 increased 1.6% on a seasonally adjusted basis versus the previous three months. The print was better than analysts had be…

China’s stats bureau released the Q4 GDP results on Monday.
The headlines:

The economy expanded 4.0% y/y in real terms last quarter – down from 4.9% y/y growth in Q3.
GDP in Q4 increased 1.6% on a seasonally adjusted basis versus the previous three months.

The print was better than analysts had be...

sources

NBS: 2021年国民经济持续恢复发展预期目标较好完成

NBS: 2021年全国固定资产投资（不含农户）增长4.9%

January 17, 2022

Laying down the law enforcement priorities

Over the weekend, top law enforcement officials met in Beijing to discuss priorities for the coming year. ICYDK: In Party-speak, China’s law enforcement apparatus is the “political and legal affairs system,” and includes: The judiciary, police, security services, and the People’s Armed Police,…

Over the weekend, top law enforcement officials met in Beijing to discuss priorities for the coming year.
ICYDK: In Party-speak, China's law enforcement apparatus is the “political and legal affairs system,” and includes:

The judiciary, police, security services, and the People’s Armed Police,...

sources

SCMP: Top Chinese law official warns of major threat from external forces

Xinhua: 让人民群众切实感受到公平正义就在身边——聚焦2022年政法工作六大看点

Xinhua: Xi stresses safeguarding national security, social stability, peaceful lives

21st Century Biz: 中央政法工作会议召开努力建设更高水平的平安中国、法治中国

January 17, 2022

You need more than just law

On Friday, National People’s Congress Standing Committee (NPCSC) Chairman Li Zhanshu attended a meeting on environmental legislation. Li took the opportunity to highlight successes in environmental legislation since Xi Jinping came to power in late 2012. The past nine years have seen the passage of:…

On Friday, National People’s Congress Standing Committee (NPCSC) Chairman Li Zhanshu attended a meeting on environmental legislation.
Li took the opportunity to highlight successes in environmental legislation since Xi Jinping came to power in late 2012. The past nine years have seen the passage of:...

sources

NPC: 栗战书在生态环保立法工作座谈会上强调深入贯彻习近平生态文明思想加快完善中国特色社会主义生态环境保护法律体系

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