string(13) "markets-macro"

Macro

January 17, 2022

Holiday cheer by fiat

On Sunday, the National Development and Reform Commission (NDRC) issued a notice on boosting consumption during the Spring Festival holiday. Some context: In the before-times, Spring Festival festivities entailed a massive movement of merrymakers returning to their hometowns. In 2021, 870 million t… Username Password Remember Me Forgot Password

On Sunday, the National Development and Reform Commission (NDRC) issued a notice on boosting consumption during the Spring Festival holiday.
Some context: In the before-times, Spring Festival festivities entailed a massive movement of merrymakers returning to their hometowns.

In 2021, 870 million t...

sources

21st Century Biz: 发改委发布通知部署做好近期促进消费工作

Gov.cn: China details measures to boost consumption for upcoming holiday

January 17, 2022

From Russia with long-term implications

China needs more natural gas. And Russia’s more than happy to oblige. On January 11, two Chinese firms announced new long-term liquefied natural gas (LNG) procurement contracts with Novatek, Russia’s second-largest natural gas producer. The deets: An ENN Natural Gas subsidiary signed an 11-year con…

China needs more natural gas. And Russia's more than happy to oblige.
On January 11, two Chinese firms announced new long-term liquefied natural gas (LNG) procurement contracts with Novatek, Russia’s second-largest natural gas producer.
The deets:

An ENN Natural Gas subsidiary signed an 11-year con...

sources

Caixin Global: China Secures More Long-Term LNG Supply From Russia

January 17, 2022

The choice is not yours

On Thursday, Caixin scooped that regulators had ordered the removal of an Ant Group-operated fund investment advisory app from app stores. The app, which we’ll translate as Golden Choice Investment Advisory, provided lists of funds recommended by Ant and six financial institution partners. The app…

On Thursday, Caixin scooped that regulators had ordered the removal of an Ant Group-operated fund investment advisory app from app stores.

The app, which we’ll translate as Golden Choice Investment Advisory, provided lists of funds recommended by Ant and six financial institution partners.

The app...

sources

Caixin: 上线仅一周支付宝“金选投顾”被叫停

Caixin Global: Ant Group Ordered to Remove New Fund Investment Advisory Service

Finance.china: 蚂蚁财富“金选投顾”遭叫停基金人士：我们也懵了！机构分析：或有这两大原因

January 17, 2022

CSRC to step up oversight of big money market funds

On January 14, the China Securities and Regulatory Commission (CSRC) released draft rules defining “important money market funds (MMFs)” and specifying their operating requirements. The point: The CSRC wants to identify MMFs that are too big to fail and, well, ensure they don’t fail. Some context: M…

On January 14, the China Securities and Regulatory Commission (CSRC) released draft rules defining “important money market funds (MMFs)” and specifying their operating requirements.
The point: The CSRC wants to identify MMFs that are too big to fail and, well, ensure they don't fail.
Some context: M...

sources

Caixin: 预防流动性风险证监会出手严管“巨无霸”货基

Gov.cn: 重要货币市场基金监管暂行规定（征求意见稿）

January 17, 2022

It’s not just about Country Garden

Country Garden wants you to know that everything is fine with Country Garden. ICYMI: We noted on January 14 that Country Garden – China’s largest and one of its best-respected developers – failed to generate enough interest among offshore investors to sell a USD 300 million convertible bond. As Bl…

Country Garden wants you to know that everything is fine with Country Garden.
ICYMI: We noted on January 14 that Country Garden – China’s largest and one of its best-respected developers – failed to generate enough interest among offshore investors to sell a USD 300 million convertible bond.

As Bl...

sources

Bloomberg: China’s Property Crisis Reaches Biggest Builder Country Garden

January 17, 2022

PBoC cuts MLF rate

On Monday, the central bank (PBoC) cut the interest rate on its medium-term lending facility (MLF). This is the the first time the PBoC has cut the cost of MLF loans since April 2020 – at the height of the pandemic in China. The deets: The PBoC cut the rate on RMB 700 billion in… Read More »

On Monday, the central bank (PBoC) cut the interest rate on its medium-term lending facility (MLF).

This is the the first time the PBoC has cut the cost of MLF loans since April 2020 – at the height of the pandemic in China.

The deets:

The PBoC cut the rate on RMB 700 billion in one-y...

sources

PBoC: 公开市场业务交易公告 [2022]第10号

Caixin: 降息落地央行MLF和逆回购利率同步降10BP

January 17, 2022

Oh, for digitization’s sake

On Saturday, Party theory magazine Qiushi published a speech from Xi Jinping on the development of China’s digital economy. Better late than never: Xi gave the speech back in October, at the 34th collective study of the 19th Central Committee Politburo. This is the first time the talk has…

On Saturday, Party theory magazine Qiushi published a speech from Xi Jinping on the development of China’s digital economy.
Better late than never: Xi gave the speech back in October, at the 34th collective study of the 19th Central Committee Politburo.

This is the first time the talk has...

sources

Qiushi: 不断做强做优做大我国数字经济

January 17, 2022

Bikeshare regulation gets real (names)

On Friday, Beijing Daily reported that new municipal bikeshare regulations have been finalized and will come into force in April. All the buzz: Bikeshare operators — Like Meituan and Alibaba — will be required to tighten management of shared bike rental, including: Validating user ID registrations …

On Friday, Beijing Daily reported that new municipal bikeshare regulations have been finalized and will come into force in April.
All the buzz: Bikeshare operators — Like Meituan and Alibaba — will be required to tighten management of shared bike rental, including:

Validating user ID registrations ...

sources

Beijing Daily: 骑车需实名认证！共享单车4月起实施新规

January 14, 2022

South of the border

On Thursday, Premier Li Keqiang called up his counterpart in Vietnam, Prime Minister Pham Minh Chinh. Top of the agenda: The pair exchanged greetings and well wishes for the upcoming Lunar New Year – celebrated in both countries. In keeping with the holiday theme, the rest of their call focused on g…

On Thursday, Premier Li Keqiang called up his counterpart in Vietnam, Prime Minister Pham Minh Chinh.
Top of the agenda: The pair exchanged greetings and well wishes for the upcoming Lunar New Year – celebrated in both countries.
In keeping with the holiday theme, the rest of their call focused on g...

sources

People's Daily: 以RCEP如期生效实施为契机推进更高水平的区域经济一体化

January 14, 2022

Don’t take Xinjiang off your shelf

On Thursday, Xinjiang government spokesperson Xu Guixiang had a message for foreign companies: Ignore US sanctions or face the consequences. ICYMI: In December, US President Joe Biden signed the Uyghur Forced Labor Prevention Act, effectively banning imports from Xinjiang to the US. Shortly there…

On Thursday, Xinjiang government spokesperson Xu Guixiang had a message for foreign companies:

Ignore US sanctions or face the consequences.

ICYMI: In December, US President Joe Biden signed the Uyghur Forced Labor Prevention Act, effectively banning imports from Xinjiang to the US.

Shortly there...

sources

The Paper: 涉疆问题发布会：奉劝一些企业勿割自己身上的肉去贴美国的脸

Global Times: Biz Quick Take: Time for Sam’s Club to apologize, as Xinjiang official issues warning

January 14, 2022

A Frenchman in Wuxi

On Thursday, Foreign Minister Wang Yi co-chaired a “strategic dialogue” with Emmanuel Bonne, diplomatic counsellor to French President Emmanuel Macron. Get this: The event was held in person in Wuxi, Jiangsu. Wang said the Sino-French relationship is doing great – and urged the two countries to leve…

On Thursday, Foreign Minister Wang Yi co-chaired a "strategic dialogue" with Emmanuel Bonne, diplomatic counsellor to French President Emmanuel Macron.
Get this: The event was held in person in Wuxi, Jiangsu.
Wang said the Sino-French relationship is doing great – and urged the two countries to leve...

sources

Xinhua: China, France hold 22nd strategic dialogue

The Paper: 王岐山会见法国总统外事顾问：望法方引领欧盟坚持正确对华认知

The Paper: 刘鹤会见法国总统外事顾问，就中欧经济金融合作等交换看法

January 14, 2022

Record high for FDI

What pandemic? Let’s give Xinhua the lede: “In a year when the pandemic continued to wreak havoc on the world economy, global investors have cast more votes of confidence on investing in China as the foreign direct investment (FDI) into the country hit a record high.” On Thursday, the Ministry of …

What pandemic? Let's give Xinhua the lede:

"In a year when the pandemic continued to wreak havoc on the world economy, global investors have cast more votes of confidence on investing in China as the foreign direct investment (FDI) into the country hit a record high."

On Thursday, the Ministry of ...

sources

Gov.cn: 商务部召开例行新闻发布会（2022年1月13日）

Gov.cn: 商务部：中国连续四年保持第二大外资流入国地位

Xinhua: China FDI inflows hit record high in 2021

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162