string(13) "markets-macro"

Macro

December 8, 2021

Guangzhou’s new Chief Data Officer meets the press

Yesterday, Xie Ming, Guangzhou’s new municipal-level Chief Data Officer, granted an exclusive interview to 21st Century Biz. Xie was appointed to the position in late November. Background: Chief Data Officer (CDO) is a newly-created and experimental government position. In May, G… Username Password Remember Me Forgot Password

Yesterday, Xie Ming, Guangzhou’s new municipal-level Chief Data Officer, granted an exclusive interview to 21st Century Biz.

Xie was appointed to the position in late November.

Background: Chief Data Officer (CDO) is a newly-created and experimental government position.

In May, G...

sources

21st Century Biz: 首席数据官TALK｜广州首席数据执行官谢明：打破壁垒共享千亿数据，未来将破局数据确权交易

Guangdong Gov: 广东省人民政府办公厅关于印发广东省首席数据官制度试点工作方案的通知

December 8, 2021

It’s the final countdown

On Monday, China Evergrande Group issued a statement to the Hong Kong stock exchange saying that it has established a risk management committee. Evergrande declined to outline the committee’s remit beyond saying that: “It will play an important role in mitigating and eliminating the future risks of…

On Monday, China Evergrande Group issued a statement to the Hong Kong stock exchange saying that it has established a risk management committee.
Evergrande declined to outline the committee’s remit beyond saying that:

“It will play an important role in mitigating and eliminating the future risks of...

sources

HKEX: Inside Information

Caixin: State Firms Join New Evergrande Risk Management Committee

December 8, 2021

An iron fist

On Monday, Global Times reported that China is considering the establishment of an iron ore pricing center. Such a center would increase Beijing’s influence over market pricing, offering regulators a more direct lever to manage commodities price risks. Important context: Beijing has been struggling …

On Monday, Global Times reported that China is considering the establishment of an iron ore pricing center.
Such a center would increase Beijing's influence over market pricing, offering regulators a more direct lever to manage commodities price risks.
Important context: Beijing has been struggling ...

sources

Global Times: China mulls establishment of iron ore pricing center to ensure stable prices

December 8, 2021

To the rescue!

On Tuesday, Zhongyuan Bank disclosed details in a statement to the Hong Kong stock exchange about its proposed takeover of three Henan-based city commercial banks. ICYMI: In October, Zhongyuan, also Henan-based, said that it would absorb Bank of Jiaozuo China Travel Services, Luoyang Bank, and Pingd…

On Tuesday, Zhongyuan Bank disclosed details in a statement to the Hong Kong stock exchange about its proposed takeover of three Henan-based city commercial banks.
ICYMI: In October, Zhongyuan, also Henan-based, said that it would absorb Bank of Jiaozuo China Travel Services, Luoyang Bank, and Pingd...

sources

HKEX: Inside Information

December 8, 2021

What does ‘peach’ ‘eggplant’ mean in court?

An op-ed in Legal Daily today discussed how Chinese courts should deal with ambiguous emoji evidence. Background: Chinese courts accept digital evidence — including chat logs — when hearing cases. But: It’s hard for judges to interpret the exact meaning of conversations that include emojis, since …

An op-ed in Legal Daily today discussed how Chinese courts should deal with ambiguous emoji evidence.
Background: Chinese courts accept digital evidence — including chat logs — when hearing cases.
But: It's hard for judges to interpret the exact meaning of conversations that include emojis, since ...

sources

Legal Daily: 网络表情符号含义有待规范

December 7, 2021

Jeer-acle on ice

Take these Games and shove ’em. That was the message the Biden administration sent to China on Monday when it announced a diplomatic boycott of the upcoming Beijing Winter Olympics. Under the boycott, American athletes will still compete, but no American officials will represent the United States a…

Take these Games and shove 'em.
That was the message the Biden administration sent to China on Monday when it announced a diplomatic boycott of the upcoming Beijing Winter Olympics.

Under the boycott, American athletes will still compete, but no American officials will represent the United States a...

sources

White House: Press Briefing by Press Secretary Jen Psaki, December 6, 2021

DWNews: Beijing Winter Olympics: US announces diplomatic boycott

SCMP: White House confirms diplomatic boycott of 2022 Beijing Olympics

December 7, 2021

You say you want a (self-)revolution

The Politburo met on Monday to talk about anti-corruption work for 2022. That’s right, officials with something to hide won’t sleep easy next year either. Or for the next decade. Anti-corruption work is being further institutionalized (Gov.cn): “[We must] strengthen the standardization, legalizatio…

The Politburo met on Monday to talk about anti-corruption work for 2022.
That’s right, officials with something to hide won’t sleep easy next year either.
Or for the next decade. Anti-corruption work is being further institutionalized (Gov.cn):

“[We must] strengthen the standardization, legalizatio...

sources

Gov.cn: 中共中央政治局召开会议分析研究2022年经济工作等习近平主持会议

December 7, 2021

Democracy or something like it

On Thursday, Zhongnanhai gathered the nation’s top non-Communists for a friendly democratic chat. The forum included representatives of “democratic parties”, heads of the All-China Federation of Industry and Commerce, and people without party affiliation. Unsurprisingly, no democratic brawls broke o…

On Thursday, Zhongnanhai gathered the nation’s top non-Communists for a friendly democratic chat.
The forum included representatives of "democratic parties", heads of the All-China Federation of Industry and Commerce, and people without party affiliation.
Unsurprisingly, no democratic brawls broke o...

sources

Xinhua: 中共中央召开党外人士座谈会

December 7, 2021

That’s the way you do it

We got to move these refrigerators. We got to move these color TVs. On Monday, the State Council ok’ed the establishment of a new state-owned logistics behemoth – China Logistics Group (CLG). The goal: To become a “world-class modern logistics company.” Cool. CLG is a product of the merger of severa…

We got to move these refrigerators. We got to move these color TVs.
On Monday, the State Council ok'ed the establishment of a new state-owned logistics behemoth – China Logistics Group (CLG).
The goal: To become a “world-class modern logistics company.”
Cool.
CLG is a product of the merger of severa...

sources

Sina: 中国物流集团今天成立

December 7, 2021

Incentivizing testing

Another week, another COVID update. And this time, we’ve some bad news for you: China’s new COVID cases are on the rise again. Between last Monday and this Monday, China reported (NHC): 460 new domestically transmitted symptomatic infections, up significantly from 65 in t…

Another week, another COVID update. And this time, we've some bad news for you:

China's new COVID cases are on the rise again.

Between last Monday and this Monday, China reported (NHC):

460 new domestically transmitted symptomatic infections, up significantly from 65 in t...

sources

NHC: 截至12月6日24时新型冠状病毒肺炎疫情最新情况

The Paper: 哈尔滨对主动核酸检测阳性人员奖励1万元

Huanqiu: 辽宁阜新对主动进行核酸检测结果阳性人员奖励2万元

December 7, 2021

Politburo meeting signals economic anxiety

On Monday, the Politburo got together. Just to hang out? Nah, to discuss the economic outlook for 2022. Some context: This Politburo meeting is to prepare for the Central Economic Work Conference (CEWC), which will be held next week. At the CEWC, the leadership will set major economic ta…

On Monday, the Politburo got together.
Just to hang out?

Nah, to discuss the economic outlook for 2022.

Some context: This Politburo meeting is to prepare for the Central Economic Work Conference (CEWC), which will be held next week. At the CEWC, the leadership will set major economic ta...

sources

Gov.cn: 中共中央政治局召开会议分析研究2022年经济工作等习近平主持会议

December 7, 2021

Oh, you can’t hurry 5G, no, you’ll just have to wait

Yesterday, MIIT’s chief engineer Han Xia dropped an update on the latest 5G buildout stats. As of the end of October, China has: 5G base stations: 1.29 million (12% MoM, about 160% YoY) 5G coverage: 100% urban areas, 97% county, and 50% rural areas Number of 5G terminal connections: 470 million (4%…

Yesterday, MIIT’s chief engineer Han Xia dropped an update on the latest 5G buildout stats. As of the end of October, China has:

5G base stations: 1.29 million (12% MoM, about 160% YoY)
5G coverage: 100% urban areas, 97% county, and 50% rural areas
Number of 5G terminal connections: 470 million (4%...

sources

People.cn: 我国5G建设发展取得积极成效累计建成129.1万个5G基站

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