string(13) "markets-macro"

Macro

January 6, 2022

PBoC fintech development

On Tuesday, the central bank (PBoC) issued a new fintech development plan for 2022-2025. The full text isn’t out yet, but an overview has been released. Some context: The last fintech development plan was issued in 2019. The new plan calls for: Promoting the sharing of financial data … Username Password Remember Me Forgot… Read More »

On Tuesday, the central bank (PBoC) issued a new fintech development plan for 2022-2025.

The full text isn't out yet, but an overview has been released.

Some context: The last fintech development plan was issued in 2019.
The new plan calls for:

Promoting the sharing of financial data ...

sources

PBoC: 中国人民银行印发《金融科技发展规划（2022-2025年）》

January 6, 2022

Oh goodie, more anti-monopoly fines

On Wednesday, the State Administration for Market Regulation (SAMR) issued new penalties related to 13 illegal merger and acquisition cases. The 13 fines address M&As which occurred between May 2015 and November 2020. Each fine was set at RMB 500,000. Which companies got dinged? Tencent ate 9…

On Wednesday, the State Administration for Market Regulation (SAMR) issued new penalties related to 13 illegal merger and acquisition cases.

The 13 fines address M&As which occurred between May 2015 and November 2020.
Each fine was set at RMB 500,000.

Which companies got dinged?

Tencent ate 9...

sources

Gov.cn: 行政处罚案件

Yicai: 反垄断监管再落重锤， 13起反垄断处罚案9起与腾讯有关

January 6, 2022

Here’s more stuff you can’t vlog about

On December 15, the China Netcasting Services Association (CNSA) issued new detailed guidelines on the types of content that should be prohibited in short videos. Background: CNSA is a national industry association for online media. Their more than 700 members span tech giants like Alibaba…

On December 15, the China Netcasting Services Association (CNSA) issued new detailed guidelines on the types of content that should be prohibited in short videos.
Background: CNSA is a national industry association for online media. Their more than 700 members span tech giants like Alibaba...

sources

People.cn: 网络短视频内容审核标准细则（2021）

January 6, 2022

Public APPinion

It’s the first working week of the year, and the CAC is on a roll. On Wednesday, the cyberspace regulator released new draft regulations for “information service” mobile apps. That includes IM services, news apps, social apps, e-commerce, and audio/video services. The draft collects a bunch…

It's the first working week of the year, and the CAC is on a roll.
On Wednesday, the cyberspace regulator released new draft regulations for “information service” mobile apps.

That includes IM services, news apps, social apps, e-commerce, and audio/video services.

The draft collects a bunch...

sources

Gov.cn: 国家互联网信息办公室关于《移动互联网应用程序信息服务管理规定(征求意见稿)》公开征求意见的通知

January 6, 2022

Xi’an Big Data chief gets sacked

On Thursday, Caixin reported that Liu Jun, the head of Xi’an’s Big Data Resources Administration (BDRA), has been suspended from his job. Why? Xi’an’s local COVID health code app has crashed twice in two months, wreaking havoc on daily life and epidemic prevention efforts. Xi’an’s BDRA&nb…

On Thursday, Caixin reported that Liu Jun, the head of Xi’an’s Big Data Resources Administration (BDRA), has been suspended from his job.
Why? Xi’an’s local COVID health code app has crashed twice in two months, wreaking havoc on daily life and epidemic prevention efforts.

Xi'an's BDRA&nb...

sources

Caixin: 西安“一码通”一月内两度崩溃，谁之责？

January 6, 2022

When Tencent divest

Over the past two weeks, Tencent had a rapid fire of divestments that spooked the public. On December 23, it announced to reduce its 17% of JD.com shares to 2.3% by means of special dividends. Effectively, Tencent is no longer the biggest owner of JD.com. On January 4, it reduced its shares of Sing…

Over the past two weeks, Tencent had a rapid fire of divestments that spooked the public.

On December 23, it announced to reduce its 17% of JD.com shares to 2.3% by means of special dividends. Effectively, Tencent is no longer the biggest owner of JD.com.
On January 4, it reduced its shares of Sing...

sources

Nikkei: Singapore's Sea plans to reduce Tencent control as it goes global

WSJ: 腾讯大幅减持京东股份，向股东分派160亿美元京东股份

CE.cn: 腾讯减持京东股票有深意

January 6, 2022

Xi’an big data chief gets the axe

Today, Caixin reported that Liu Jun, the head of Xi’an’s Big Data Resources Administration (BDRA), has been suspended. Why? Xi’an’s local COVID health code app has crashed twice in two months, wreaking havoc on daily life and epidemic prevention efforts. Each locality’s Big Data Bureau is ultimatel…

Today, Caixin reported that Liu Jun, the head of Xi'an's Big Data Resources Administration (BDRA), has been suspended.
Why? Xi'an's local COVID health code app has crashed twice in two months, wreaking havoc on daily life and epidemic prevention efforts.

Each locality's Big Data Bureau is ultimatel...

sources

Caixin: 西安“一码通”一月内两度崩溃，谁之责？

January 5, 2022

Foreign listings to need cybersecurity blessing

On Tuesday, the CAC also released the finalized version of the revised Cybersecurity Review Measures. They take effect February 15. The big deal: Online platform companies with more than one million users – effectively any consumer tech company – will need to pass a security review before lis…

On Tuesday, the CAC also released the finalized version of the revised Cybersecurity Review Measures.

They take effect February 15.

The big deal: Online platform companies with more than one million users – effectively any consumer tech company – will need to pass a security review before lis...

sources

Caixin: 超百万用户平台国外上市须经网络安全审查赴港上市政策待明

Gov.cn: 网络安全审查办法

Gov.cn: 《网络安全审查办法》答记者问

January 5, 2022

Be excellent to your businesses

That’s what Premier Li Keqiang told local governments at the State Council’s executive meeting on Tuesday. The meeting passed a list of administrative licensing items – to make the list of government fees that businesses must pay clearer. Li said administrative licenses should be standardized acro…

That’s what Premier Li Keqiang told local governments at the State Council's executive meeting on Tuesday.

The meeting passed a list of administrative licensing items – to make the list of government fees that businesses must pay clearer.

Li said administrative licenses should be standardized acro...

sources

Gov.cn: 李克强主持召开国务院常务会议部署全面实行行政许可事项清单管理的措施等

Xinhua: China to practice list-based management for all items requiring administrative approval, implement category-based management of corporate credit risks

January 5, 2022

Credit where credit is due

You want a fairer market. We want a fairer market. Premier Li Keqiang and the State Council had a message for local governments at their executive meeting on Tuesday: improve the classification and supervision of corporate credit risks. Li knows the importance of credit (Gov.cn): “Credit is the fou…

You want a fairer market. We want a fairer market.
Premier Li Keqiang and the State Council had a message for local governments at their executive meeting on Tuesday: improve the classification and supervision of corporate credit risks.
Li knows the importance of credit (Gov.cn):

“Credit is the fou...

sources

Gov.cn: 李克强主持召开国务院常务会议部署全面实行行政许可事项清单管理的措施等

January 5, 2022

CCDI chartered

Get stoked for more Party rules in 2022. On Tuesday, the Party released the Working Regulations of the Central Committee of Discipline and Inspection (CCDI). CCDI 101: Behave yourself. CCDI members are the Party discipline team, who handle probes of Party cadres and state officials for corruption …

Get stoked for more Party rules in 2022.
On Tuesday, the Party released the Working Regulations of the Central Committee of Discipline and Inspection (CCDI).
CCDI 101: Behave yourself.

CCDI members are the Party discipline team, who handle probes of Party cadres and state officials for corruption ...

sources

CCDI: 中共中央印发《中国共产党纪律检查委员会工作条例》

January 5, 2022

Beijing represent

Get your skates on. On Tuesday, Xi Jinping conducted an inspection tour of the speed skating and other Olympic venues being finalized for the imminent 2022 Beijing Winter Games. ICYMI: With the games less than a month away, officials have gone into hyperdrive to ensure everything comes off without a…

Get your skates on.
On Tuesday, Xi Jinping conducted an inspection tour of the speed skating and other Olympic venues being finalized for the imminent 2022 Beijing Winter Games.
ICYMI: With the games less than a month away, officials have gone into hyperdrive to ensure everything comes off without a...

sources

Source: 习近平在北京考察冬奥会、冬残奥会筹办备赛工作

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