string(13) "markets-macro"

Macro

December 14, 2021

Shanghai, Shenzhen main boards to streamline IPOs

On Friday, the Shanghai and Shenzhen stock exchanges each released “Opinions on the Listing Rules for Exchange-traded Securities.” The opinions lay the foundation for registration-based IPO systems for both exchanges. Some context: The Shanghai and Shenzhen main boards have long used an “approval-ba… Username Password Remember Me Forgot Password

On Friday, the Shanghai and Shenzhen stock exchanges each released "Opinions on the Listing Rules for Exchange-traded Securities."
The opinions lay the foundation for registration-based IPO systems for both exchanges.
Some context: The Shanghai and Shenzhen main boards have long used an “approval-ba...

sources

Caixin: 全面实行注册制沪深交易所修订上市规则

Caixin Global: Shanghai and Shenzhen Exchanges Lay Groundwork for Registration-Based IPOs

Shanghai Stock Exchange: 上交所就上市公司自律监管规则体系整合暨修订《上海证券交易所股票上市规则》征求意见

December 14, 2021

Initial Public Sanctioning

On Friday, the Biden administration put China’s largest AI unicorn, SenseTime, on the “Chinese Military-Industrial Complex Companies List.” Why: For its alleged role in creating facial recognition software used to identify Uyghur Muslims in Xinjiang. What that means: The sanction will only bar …

On Friday, the Biden administration put China’s largest AI unicorn, SenseTime, on the “Chinese Military-Industrial Complex Companies List.”
Why: For its alleged role in creating facial recognition software used to identify Uyghur Muslims in Xinjiang.
What that means: The sanction will only bar ...

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Sina: 商汤被美国列入“军工复合体企业清单”，如何反击？

Bloomberg: SenseTime Postpones Hong Kong IPO, Plans Updated Prospectus

December 14, 2021

Unigroup to restructure

On Monday, state owned semiconductor maker Tsinghua Unigroup Co. filed its restructuring plan to the Shanghai stock exchange. Some context: In December 2020, Unigroup defaulted on a dollar-denominated offshore bond. That triggered a long, drawn-out process to design a restructuring plan for the firm…

On Monday, state owned semiconductor maker Tsinghua Unigroup Co. filed its restructuring plan to the Shanghai stock exchange.
Some context: In December 2020, Unigroup defaulted on a dollar-denominated offshore bond. That triggered a long, drawn-out process to design a restructuring plan for the firm...

sources

Caixin: 紫光重整进展：战投出资600亿，现金清偿率近四成

December 14, 2021

In SAFE hands

On Monday, the State Administration of Foreign Exchange (SAFE) held an internal meeting to discuss the outcome of last week’s Central Economic Work Conference. In a readout of the meeting – which was chaired by SAFE head, Pan Gongsheng – SAFE laid out a shopping list of priorities for the year ahead…

On Monday, the State Administration of Foreign Exchange (SAFE) held an internal meeting to discuss the outcome of last week’s Central Economic Work Conference.
In a readout of the meeting – which was chaired by SAFE head, Pan Gongsheng – SAFE laid out a shopping list of priorities for the year ahead...

sources

SAFE: 国家外汇管理局党组传达学习贯彻中央经济工作会议精神

December 14, 2021

Baotou boomtown

Baotou, Inner Mongolia aims to dramatically expand China’s rare earths industry over the next four years. On Sunday, at the China Baotou Rare Earth Industry Forum, local officials announced a goal of increasing Baotou’s rare earths output to RMB 100 billion by 2025. That’s a 263% rise over the indu…

Baotou, Inner Mongolia aims to dramatically expand China's rare earths industry over the next four years.
On Sunday, at the China Baotou Rare Earth Industry Forum, local officials announced a goal of increasing Baotou's rare earths output to RMB 100 billion by 2025.

That's a 263% rise over the indu...

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Zhejiang Network: 内蒙古：2025年稀土产业产值将达1000亿元

December 14, 2021

Not-so-dire straits

On Saturday, Wang Yang, the Chairman of the Chinese People’s Political Consultative Conference, presided over the opening of the 13th Straits Forum in Xiamen, Fujian. Some context: Founded in 2009, the Straits Forum focuses on people-to-people exchanges between the mainland and Taiwan (just across t…

On Saturday, Wang Yang, the Chairman of the Chinese People's Political Consultative Conference, presided over the opening of the 13th Straits Forum in Xiamen, Fujian.
Some context: Founded in 2009, the Straits Forum focuses on people-to-people exchanges between the mainland and Taiwan (just across t...

sources

Xinhua: Top political advisor expresses full confidence in realizing China's complete reunification

December 14, 2021

Pawn to king four

On Monday, Premier Li Keqiang met with World Bank President David Malpass by videolink. Li assured him China’s economy is all good (Gov.cn): “We are capable of achieving the main objectives and tasks for the year.” Just last week, Li chatted with Malpass at the “1+6” Roundtable. Whoever wrote…

On Monday, Premier Li Keqiang met with World Bank President David Malpass by videolink.
Li assured him China’s economy is all good (Gov.cn):

“We are capable of achieving the main objectives and tasks for the year.”

Just last week, Li chatted with Malpass at the “1+6” Roundtable. Whoever wrote...

sources

Gov.cn: 李克强会见世界银行行长马尔帕斯

Neopol: Neopol Deep Dive: The Party sets its economic strategy for 2022

December 14, 2021

Common Prosperity, but don’t go overboard

As you never tire of hearing, the 2021 Central Economic Work Conference (CEWC) wrapped up on Friday. Some context: The Party’s most important annual economic strategy meeting, the CEWC is where economic bigwigs set next year’s economic policy priorities. This year, one initiative stole the show: Com…

As you never tire of hearing, the 2021 Central Economic Work Conference (CEWC) wrapped up on Friday.
Some context: The Party’s most important annual economic strategy meeting, the CEWC is where economic bigwigs set next year's economic policy priorities.
This year, one initiative stole the show: Com...

sources

Gov.cn: 中央经济工作会议举行习近平李克强作重要讲话

China Economic Net: 关于共同富裕、房地产、资本中央经济工作会议透露哪些信号？

December 14, 2021

Citizens told to stay home, stop COVID

COVID cases remain high, at least by China’s standards. Between last Monday and this Monday, China reported (NHC): 432 new domestically transmitted symptomatic infections, slightly down from 460 in the previous 8-day period 73 new domestically transmitted asymptomatic infec…

COVID cases remain high, at least by China's standards.
Between last Monday and this Monday, China reported (NHC):

432 new domestically transmitted symptomatic infections, slightly down from 460 in the previous 8-day period
73 new domestically transmitted asymptomatic infec...

sources

NHC: 截至12月13日24时新型冠状病毒肺炎疫情最新情况

The Paper: 浙江：中高风险地区及所在县人员严格限制跨省出行

December 14, 2021

A portly problem

Beijing is upping its COVID game in China’s many port cities. On Monday, the State Council announced a new Notice (Xinhua): “All provinces and relevant departments should take strengthening the prevention and control of epidemics in port cities as an important current political task.” And wi…

Beijing is upping its COVID game in China's many port cities.
On Monday, the State Council announced a new Notice (Xinhua):

“All provinces and relevant departments should take strengthening the prevention and control of epidemics in port cities as an important current political task.”

And wi...

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Xinhua: 国务院应对新型冠状病毒感染肺炎疫情联防联控机制印发《关于加强口岸城市新冠肺炎疫情防控工作的通知》

December 14, 2021

France doesn’t have a problem with Chinese AI

Last Friday, MoST and the French Ministry of Higher Education, Research and Innovation co-hosted the Sino-French Artificial Intelligence Seminar. Some pretty senior folks were there, including the French Ambassador to China Laurent Bili, and MoST Vice Minister Zhang Guangjun. Some cont…

Last Friday, MoST and the French Ministry of Higher Education, Research and Innovation co-hosted the Sino-French Artificial Intelligence Seminar.

Some pretty senior folks were there, including the French Ambassador to China Laurent Bili, and MoST Vice Minister Zhang Guangjun.

Some cont...

sources

Ministry of Science and Technology: 中法人工智能研讨会成功召开

December 14, 2021

Not your average realtor

We keep trying to avoid a conversation about the metaverse, because the metaverse does not exist. But we can’t keep ignoring the barrage of domestic media coverage about the metaverse speculation frenzy. Over the last several days, Chinese papers have published one article after another about wil…

We keep trying to avoid a conversation about the metaverse, because the metaverse does not exist.

But we can't keep ignoring the barrage of domestic media coverage about the metaverse speculation frenzy.

Over the last several days, Chinese papers have published one article after another about wil...

sources

Sina: 疯狂的“元宇宙”炒房：有玩家囤了100套房，不到半年翻6倍

Sina: 解读虹宇宙：天下秀的“元宇宙”优势不是你想象的那么简单

People's Daily: 人民日报评元宇宙炒房：热到烫伤的风险得防 | 人民锐见

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