string(13) "markets-macro"

Macro

January 14, 2022

MIIT outlines 2022 plans for cybersecurity

On Thursday, MIIT’s cyber security bureau outlined their priorities for 2022. The most impactful tasks on the agenda: This year, MIIT will release new data security rules for the information and communications industries, specifically: The “Measures for Data Security Management in the Field of Ind… Username Password Remember Me Forgot Password

On Thursday, MIIT's cyber security bureau outlined their priorities for 2022.
The most impactful tasks on the agenda: This year, MIIT will release new data security rules for the information and communications industries, specifically:

The "Measures for Data Security Management in the Field of Ind...

sources

MIIT: 奋力推动工信领域网络和数据安全工作再上新台阶

January 13, 2022

Tell us if you’ve heard this one before

On Monday, the Ministry of Ecology and Environment (MEE) said that 75% of China’s crude steel production capacity still needs to be upgraded to keep on track with environmental goals. According to Wu Xianfeng, a deputy director of the MEE’s Department of Atmospheric Environment, only 23 of the 248 s…

On Monday, the Ministry of Ecology and Environment (MEE) said that 75% of China's crude steel production capacity still needs to be upgraded to keep on track with environmental goals.
According to Wu Xianfeng, a deputy director of the MEE's Department of Atmospheric Environment, only 23 of the 248 s...

sources

Caixin Global: Steelmakers Need Seismic Change to Keep Up With China’s Emissions Plans, Official Says

Caixin Global: Energy Insider: China’s Carbon Market Volume Tops 100 Million Tons

January 13, 2022

Didi shares ready for Hong Kong

On Wednesday, the SCMP scooped that Didi is eyeing a Q2 IPO in Hong Kong. Some context: Shortly after the ride-hailing behemoth’s rushed New York IPO on June 30, the Cyberspace Administration of China (CAC) launched an as-yet-unresolved cybersecurity review into the company, citing data security con…

On Wednesday, the SCMP scooped that Didi is eyeing a Q2 IPO in Hong Kong.
Some context: Shortly after the ride-hailing behemoth’s rushed New York IPO on June 30, the Cyberspace Administration of China (CAC) launched an as-yet-unresolved cybersecurity review into the company, citing data security con...

sources

SCMP: Didi in talks for a second-quarter IPO in Hong Kong on its way to delisting from New York, sources say

January 13, 2022

Red light, green light

A debate is emerging about how (or if) the government should adjust the way it guides private investment in the economy. This discussion is captured in a recent piece by state media Banyuetan. Some context: One key theme of the “tech crackdown” last year was the state’s resolution that capit…

A debate is emerging about how (or if) the government should adjust the way it guides private investment in the economy.

This discussion is captured in a recent piece by state media Banyuetan.

Some context: One key theme of the “tech crackdown” last year was the state's resolution that capit...

sources

People's Daily: 中央经济工作会议为资本设置“红绿灯”

Xinhua: 中央经济工作会议在北京举行习近平李克强作重要讲话栗战书汪洋王沪宁赵乐际韩正出席会议

Sina: 半月谈：资本具有“双重性” 要驾驭资本而不是被资本所驾驭

January 13, 2022

VCs still love China tech

According to Bloomberg, the tech crackdown hasn’t really put VCs off China at all. The scoop: A report released by research firm Prequin on Tuesday says that China raked in nearly twice as much venture capital in 2021 as it did in 2020. China raised USD 130 billion in 2021, up from U…

According to Bloomberg, the tech crackdown hasn't really put VCs off China at all.
The scoop: A report released by research firm Prequin on Tuesday says that China raked in nearly twice as much venture capital in 2021 as it did in 2020.

China raised USD 130 billion in 2021, up from U...

sources

Bloomberg: China Venture Funding Hits Record $131 Billion Despite Crackdown

January 13, 2022

Murders and assassinations

On Wednesday, Securities Times reported that China Merchants Shekou Industrial Zone Holdings plans to issue RMB 3 billion worth of bonds to fund M&A activities. This is the first time a developer has said it intends to borrow from public markets to buy assets from other developers. China Mercha…

On Wednesday, Securities Times reported that China Merchants Shekou Industrial Zone Holdings plans to issue RMB 3 billion worth of bonds to fund M&A activities.

This is the first time a developer has said it intends to borrow from public markets to buy assets from other developers.
China Mercha...

sources

Securities Times: 招商蛇口30亿元并购票据成功注册

January 13, 2022

It’s all about the barrel drums, baby

This week, China is hosting the secretary general of the Gulf Cooperation Council (GCC) and foreign ministers from four member countries – Saudi Arabia, Kuwait, Oman, and Bahrain. China’s foreign ministry said it was time to throttle up their relationship (SCMP 1): “The conditions are ripe to estab…

This week, China is hosting the secretary general of the Gulf Cooperation Council (GCC) and foreign ministers from four member countries – Saudi Arabia, Kuwait, Oman, and Bahrain.
China’s foreign ministry said it was time to throttle up their relationship (SCMP 1):

“The conditions are ripe to estab...

sources

SCMP: China meets Gulf oil bloc with sights set on free-trade agreement and energy security

SCMP: China’s meetings with Middle East ministers sets the scene for Beijing to step up in region

January 13, 2022

Risk concentration

On Wednesday, Sun Tianqi, director of the financial stability bureau at the People’s Bank of China (PBoC), published an essay arguing that regulators need greater authority to intervene in troubled banks in a timely manner. Well, he would say that, wouldn’t he? But hold on. The essay – carried by 21…

On Wednesday, Sun Tianqi, director of the financial stability bureau at the People’s Bank of China (PBoC), published an essay arguing that regulators need greater authority to intervene in troubled banks in a timely manner.
Well, he would say that, wouldn't he?
But hold on. The essay – carried by 21...

sources

21st Century Biz: 建立具有硬约束的问题银行早期纠正工作机制

January 13, 2022

Patent (funds) pending

Inventors rejoice! And invent more. For the big announcement at Wednesday’s State Council Information Office presser was that (CCTV): “The scale of pledged financing for patents and trademarks has been further expanded.” ICYMI: Beijing is on a big intellectual property (IP) kick. The 14…

Inventors rejoice! And invent more.
For the big announcement at Wednesday's State Council Information Office presser was that (CCTV):

“The scale of pledged financing for patents and trademarks has been further expanded.”

ICYMI: Beijing is on a big intellectual property (IP) kick.

The 14...

sources

CCTV: 2021年底我国发明专利有效量359.7万件

January 13, 2022

Four data beams and eight data pillars

Yesterday, the State Council released China’s first-ever five-year plan (FYP) for the digital economy. The plan sets out tasks and targets – or “four beams and eight pillars” – for the development of China’s data-driven industries, including to: Activate the dormant economic value of big data Buil…

Yesterday, the State Council released China's first-ever five-year plan (FYP) for the digital economy.
The plan sets out tasks and targets – or "four beams and eight pillars" – for the development of China's data-driven industries, including to:

Activate the dormant economic value of big data
Buil...

sources

State Council: 国务院关于印发 “十四五”数字经济发展规划的通知

NDRC: 国家发展改革委负责同志就《“十四五”数字经济发展规划》答记者问

January 13, 2022

Hurrah for CCER – the restart

On Wednesday, domestic media revealed that the China Carbon Emission Reductions (CCER) mechanism would restart in the first half of 2022. Finally, you gasp! (and if so…you can skip a few lines). Otherwise, some context: CCER registration was suspended in 2017, causing significant confusion for par…

On Wednesday, domestic media revealed that the China Carbon Emission Reductions (CCER) mechanism would restart in the first half of 2022.
Finally, you gasp! (and if so...you can skip a few lines).
Otherwise, some context: CCER registration was suspended in 2017, causing significant confusion for par...

sources

21st Century Biz: CCER上半年或重启个人或通过顺风车参与碳交易

January 13, 2022

Beijing pledges better public services

Good news for China’s old, young, and all who care and pay for them. The 14th five-year plan (FYP) for public service was released on Monday. The government pledged (Gov.cn): “The scale, level, and quality of the public service system will be improved in a steady, orderly way, and will continue to …

Good news for China's old, young, and all who care and pay for them.
The 14th five-year plan (FYP) for public service was released on Monday. The government pledged (Gov.cn):

"The scale, level, and quality of the public service system will be improved in a steady, orderly way, and will continue to ...

sources

Gov.cn: 关于印发《“十四五”公共服务规划》的通知

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