string(13) "markets-macro"

Macro

November 23, 2021

CAC’s ‘2021 Hawt List’

On Tuesday, the CAC published a notice on “Further Strengthening Work Related to the Regulation of Celebrity Information Online.” Recap: Over the past six months, the CAC has been coming down hard on platforms that encourage or promote celebrity obsession. One concern is the time, energy… Username Password Remember Me Forgot Password

On Tuesday, the CAC published a notice on “Further Strengthening Work Related to the Regulation of Celebrity Information Online.”
Recap: Over the past six months, the CAC has been coming down hard on platforms that encourage or promote celebrity obsession.

One concern is the time, energy...

sources

CAC: 关于进一步加强娱乐明星网上信息规范相关工作的通知

CAC: 中央网信办发布《关于进一步加强娱乐明星网上信息规范相关工作的通知》

November 23, 2021

Are auto-renewals cancelled?

Today, yet another op-ed targeting app subscription auto-renewals was published in Legal Daily. Recap: Over the past few weeks, we’ve been tracking a sudden uptick in state media op-eds denouncing apps that deceptively initiate auto-renewal charges. Today’s piece re-iterated the billing practi…

Today, yet another op-ed targeting app subscription auto-renewals was published in Legal Daily.
Recap: Over the past few weeks, we’ve been tracking a sudden uptick in state media op-eds denouncing apps that deceptively initiate auto-renewal charges.
Today’s piece re-iterated the billing practi...

sources

Legal Daily: 你被App自动续费套路过吗

November 23, 2021

Don’t go around guaranteeing everything

Stop being so cavalier with offering guarantees! That was the gist of a Friday message from the State-owned Assets Supervision and Administration Commission (SASAC) to central state-owned enterprises (SOEs). SASAC told SOEs they need to: Limit the recipients of financial and implicit guarantees – p…

Stop being so cavalier with offering guarantees!
That was the gist of a Friday message from the State-owned Assets Supervision and Administration Commission (SASAC) to central state-owned enterprises (SOEs).
SASAC told SOEs they need to:

Limit the recipients of financial and implicit guarantees – p...

sources

Gov.cn: 关于加强中央企业融资担保管理工作的通知

November 23, 2021

Big things come in small (and medium-sized) packages

On Monday, the State Council released the “Notice on Further Increasing Relief and Assistance for Small and Medium-sized Enterprises.” The notice makes clear that China is banking on its small and medium-sized enterprises (SMEs) to deliver big things, namely: Economic growth Stable employment Impro…

On Monday, the State Council released the "Notice on Further Increasing Relief and Assistance for Small and Medium-sized Enterprises."
The notice makes clear that China is banking on its small and medium-sized enterprises (SMEs) to deliver big things, namely:

Economic growth
Stable employment
Impro...

sources

Gov.cn: 国务院办公厅印发《关于进一步加大对中小企业纾困帮扶力度的通知》

Gov.cn: 国务院办公厅关于进一步加大对中小企业纾困帮扶力度的通知

November 23, 2021

Loosening up

On Monday, Reuters reported that financial regulators have told some banks to make more loans to property developers. Citing two unnamed sources, Reuters said that the directive is part of efforts to ease the property sector’s funding pressures. The regulators have specifically told banks to accel…

On Monday, Reuters reported that financial regulators have told some banks to make more loans to property developers.

Citing two unnamed sources, Reuters said that the directive is part of efforts to ease the property sector’s funding pressures.

The regulators have specifically told banks to accel...

sources

Reuters: Some Chinese banks told to issue more loans for property projects - sources

November 23, 2021

A sin of omission

In Monday’s China Markets Dispatch, we declaimed that the third quarter Monetary Policy report – issued Friday by the People’s Bank of China (PBoC) – was a bit of a snooze fest. But while we focused on what was in the report, others have noticed that some key phrases were left out. The sum of… Read More »

In Monday’s China Markets Dispatch, we declaimed that the third quarter Monetary Policy report – issued Friday by the People’s Bank of China (PBoC) – was a bit of a snooze fest.

But while we focused on what was in the report, others have noticed that some key phrases were left out.

The sum of thos...

sources

Bloomberg: China’s Central Bank Signals Easing as Economic Risks Mount

November 22, 2021

Curb metaverse monopoly before it starts

Today, professor Xu Haoran of the Central Party School penned an op-ed on the metaverse for Economic Daily. His take: Metaverse development hasn’t taken off yet, but it will, and before it does: “To support the development of this industry, its order, value orientation, and institutional …

Today, professor Xu Haoran of the Central Party School penned an op-ed on the metaverse for Economic Daily.
His take: Metaverse development hasn't taken off yet, but it will, and before it does:

"To support the development of this industry, its order, value orientation, and institutional ...

sources

Economic Daily: 元宇宙离我们有多远

November 22, 2021

eCNY can be used for fraud, too

On Thursday, the local government and PBoC branch of Xiong’an New District warned the public to be wary of telecom fraud involving China’s digital currency (eCNY). The noticed cautioned against: Downloading unofficial eCNY apps People claiming to be government officials asking for bank information&…

On Thursday, the local government and PBoC branch of Xiong'an New District warned the public to be wary of telecom fraud involving China's digital currency (eCNY). The noticed cautioned against:

Downloading unofficial eCNY apps
People claiming to be government officials asking for bank information&...

sources

Local Gov - Xiong an: 关于防范利用数字人民币进行电信诈骗的风险提示

November 22, 2021

Good for what ails you

On Friday, the State Council laid out plans to improve the social safety net for people with serious health conditions. At issue: The current system of medical insurance and subsistence allowances struggles to support people with ongoing, high expenses due to severe illness or injury. As a result,…

On Friday, the State Council laid out plans to improve the social safety net for people with serious health conditions.
At issue: The current system of medical insurance and subsistence allowances struggles to support people with ongoing, high expenses due to severe illness or injury.

As a result,...

sources

Gov.cn: 国务院办公厅印发《关于健全重特大疾病医疗保险和救助制度的意见》

November 22, 2021

Rumor has it

If you like gossip, you’d love Executive Vice Premier Han Zheng’s job. He spent Friday with inspectors from the Ministry of Ecology and Environment (MEE), reviewing the latest environmental inspections. Juicy stuff. The group Han heads is called the Central Leading Small Group on Ecological and Envi…

If you like gossip, you’d love Executive Vice Premier Han Zheng’s job.
He spent Friday with inspectors from the Ministry of Ecology and Environment (MEE), reviewing the latest environmental inspections. Juicy stuff.
The group Han heads is called the Central Leading Small Group on Ecological and Envi...

sources

Gov.cn: 韩正主持召开中央生态环境保护督察工作领导小组会

November 22, 2021

Alleviate the pressure

On Thursday, Premier Li Keqiang chaired a symposium of economic experts and business leaders. Some context: This regular meeting affords Li an opportunity to check in with top advisors before setting the 2022 economic policy agenda at December’s Central Economic Work Conference. Li started with…

On Thursday, Premier Li Keqiang chaired a symposium of economic experts and business leaders.
Some context: This regular meeting affords Li an opportunity to check in with top advisors before setting the 2022 economic policy agenda at December's Central Economic Work Conference.
Li started with...

sources

Gov.cn: 李克强主持召开经济形势专家企业家座谈会韩正出席

November 22, 2021

The fresh face of Public Security

China’s got a new top cop. On Friday, Wang Xiaohong was appointed Party secretary of the Ministry of Public Security (MPS). Wang takes over from Zhao Kezhi, who is stepping down due to having reached retirement age. For procedural reasons, Zhao remains minister of public security for now, but will l…

China’s got a new top cop.
On Friday, Wang Xiaohong was appointed Party secretary of the Ministry of Public Security (MPS).
Wang takes over from Zhao Kezhi, who is stepping down due to having reached retirement age. For procedural reasons, Zhao remains minister of public security for now, but will l...

sources

Xinhua: 公安部召开领导干部会议宣布党中央关于公安部党委书记调整的决定

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