string(13) "markets-macro"

Macro

November 16, 2021

Deep dive | How I learned to stop worrying about Taiwan

Jet incursions! Amphibious assault drills! US troops in Taiwan! Going by recent headlines, one could be forgiven for thinking we’re just one plague of frogs away from a geopolitical apocalypse over Taiwan. Bellicose comments by Beijing about Taiwan’s inevitable reunification with the motherland and… Username Password Remember Me Forgot Password

Bellicose comments by Beijing about Taiwan’s inevitable reunification with the motherland and...

November 16, 2021

PD criticizes hard-to-cancel auto renewing subscriptions

Today, state mouthpiece People’s Daily (once again) went on a rant about deceptive user experience on Internet platforms. What’s the problem this time? Mobile apps use all sorts of tricks to make it hard for customers to cancel auto-renewing subscriptions. Add this to the growing list of UX pr…

Today, state mouthpiece People’s Daily (once again) went on a rant about deceptive user experience on Internet platforms.
What’s the problem this time? Mobile apps use all sorts of tricks to make it hard for customers to cancel auto-renewing subscriptions.
Add this to the growing list of UX pr...

sources

People's Daily: 人民财评：APP“自动续费”套路深，是时候出重拳了！

November 16, 2021

Your new car needs its own cybersecurity policy

On Monday, CAICT announced they’ll be working with the Chinese Society of Automotive Engineering (CSAE) to develop standards for automotive ethernet cybersecurity. CSAE will lead the project. Wait… cars have ethernet? Yup. There’s an incredible amount of information processing going on under …

On Monday, CAICT announced they’ll be working with the Chinese Society of Automotive Engineering (CSAE) to develop standards for automotive ethernet cybersecurity.

CSAE will lead the project.

Wait… cars have ethernet? Yup. There’s an incredible amount of information processing going on under ...

sources

CAICT: 中国信通院联合牵头的《汽车以太网交换机设备安全技术要求》CSAE标准立项

Reuters: In China, global automakers seek clarity from a more ambitious regulator

November 16, 2021

Get a load of those SiC chips

Something small to stick on your radar: Yesterday, reps from MIIT’s Raw Materials Department attended a summit held by the China Electronics Material Industry Association. What they talked about: Providing policy support for the silicon carbide (SiC) and gallium nitride (GaN) industries. ICYDK: Si…

Something small to stick on your radar:
Yesterday, reps from MIIT's Raw Materials Department attended a summit held by the China Electronics Material Industry Association.
What they talked about: Providing policy support for the silicon carbide (SiC) and gallium nitride (GaN) industries.
ICYDK: Si...

sources

MIIT: 原材料工业司参加2021中国半导体材料产业发展峰会

November 16, 2021

Beijing Stock Exchange rings the bell

On Monday, trading kicked off on the Beijing Stock Exchange (BSE). Some context: The exchange, announced just two and a half months ago by Xi Jinping, was established to better channel funds to small, innovative companies. Of the 81 companies on the BSE, 71 came from the “select tier,” the highest q…

On Monday, trading kicked off on the Beijing Stock Exchange (BSE).
Some context: The exchange, announced just two and a half months ago by Xi Jinping, was established to better channel funds to small, innovative companies.
Of the 81 companies on the BSE, 71 came from the “select tier,” the highest q...

sources

Beijing Stock Exchange: 行情信息

Gov.cn: 易会满主席在北京证券交易所揭牌暨开市仪式上的致辞

WSJ: Beijing Stock Exchange Launches With Some Big First-Day Gains

November 16, 2021

MLF stands pat

On Monday, the People’s Bank of China (PBoC) withdrew a net RMB 90 billion of bank funding during its regular open-market operations. Meh. OK, we buried the lead. On Monday, the PBoC also lent RMB 1 trillion worth of funds to the banking system via its medium-term lending facility (MLF), replacing t…

On Monday, the People’s Bank of China (PBoC) withdrew a net RMB 90 billion of bank funding during its regular open-market operations.
Meh.
OK, we buried the lead.
On Monday, the PBoC also lent RMB 1 trillion worth of funds to the banking system via its medium-term lending facility (MLF), replacing t...

sources

PBoC: 公开市场业务交易公告 [2021]第222号

Bloomberg: China’s Cash Operation, Stronger Data Damp Broad Easing Bets

November 16, 2021

Manipulating the market

On Tuesday, 21st Century Biz reported that the Tianjin government is setting up a RMB 5 billion fund to support bonds issued by local state-owned firms. The founding investors include Citic Securities, local Tianjin financial institutions, and some city-owned firms. The fund aims to bolster the pr…

On Tuesday, 21st Century Biz reported that the Tianjin government is setting up a RMB 5 billion fund to support bonds issued by local state-owned firms.

The founding investors include Citic Securities, local Tianjin financial institutions, and some city-owned firms.

The fund aims to bolster the pr...

sources

21st Century Biz: 天津拟设立50亿国企债券投资基金，主要投向估值承压的天津国企债

November 16, 2021

Real estate goes from bad to worse

The econ numbers for October came in better than expectations for retail sales and industrial activity. Still, the numbers for real estate made for fairly grim reading. The deets: The fall in home prices accelerated from a 0.08% y/y drop in September to a 0.25% y/y fall in October. Home sales fell …

The econ numbers for October came in better than expectations for retail sales and industrial activity. Still, the numbers for real estate made for fairly grim reading.
The deets:

The fall in home prices accelerated from a 0.08% y/y drop in September to a 0.25% y/y fall in October.
Home sales fell ...

sources

NBS: 2021年1—10月份全国房地产开发投资增长7.2%

Bloomberg: China Home Market Woes Deepen as Prices, Sales Fall Further

November 16, 2021

Anti-trust gets an upgrade

Monopolists beware. China’s antitrust apparatus is getting bigger and more powerful. Yesterday, Gan Lin, deputy director of the market regulator (SAMR), replaced Wu Zhenguo as director of SAMR’s Anti-Monopoly Bureau (AMB). Why that matters: Gan is a vice ministerial-level official, while Wu was on…

Monopolists beware.
China’s antitrust apparatus is getting bigger and more powerful.
Yesterday, Gan Lin, deputy director of the market regulator (SAMR), replaced Wu Zhenguo as director of SAMR’s Anti-Monopoly Bureau (AMB).
Why that matters: Gan is a vice ministerial-level official, while Wu was on...

sources

Caijing: 甘霖成为国家反垄断局首任局长

November 16, 2021

Big tech made me promises, promises

Yesterday, the Shenzhen branch of the CAC called more than 20 internet companies together for a little gathering. What happened at the meetup: The companies were asked to publicly pledge to safeguard the personal information of their users. Sound familiar? It should. On October 11, the CAC also re…

Yesterday, the Shenzhen branch of the CAC called more than 20 internet companies together for a little gathering.
What happened at the meetup: The companies were asked to publicly pledge to safeguard the personal information of their users.
Sound familiar? It should. On October 11, the CAC also re...

sources

CAC: 广东省深圳市委网信办推动重点互联网企业公开承诺“保护个人信息” 压实主体责任

November 16, 2021

No, robots can’t tutor your kids either

Yesterday, the MoE released a guideline to help local regulators identify which subjects should not be taught by private tutoring companies under the Double Reduction policy. Background: In July, the State Council released the “Double Reduction” policy, effectively banning private after-school tut…

Yesterday, the MoE released a guideline to help local regulators identify which subjects should not be taught by private tutoring companies under the Double Reduction policy.
Background: In July, the State Council released the "Double Reduction" policy, effectively banning private after-school tut...

sources

MOE: 教育部办公厅关于印发《义务教育阶段校外培训项目分类鉴别指南》的通知

November 16, 2021

A crypto kerfuffle

Good party members don’t mine crypto. On Saturday, the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission announced they had expelled (now former) Jiangxi Provincial Party Committee Vice Chairman Xiao Yi from the Party, and would likely launch a criminal cas…

Good party members don't mine crypto.
On Saturday, the Central Commission for Discipline Inspection (CCDI) and the National Supervisory Commission announced they had expelled (now former) Jiangxi Provincial Party Committee Vice Chairman Xiao Yi from the Party, and would likely launch a criminal cas...

sources

CCDI: 江西省政协原党组成员、副主席肖毅严重违纪违法被开除党籍和公职

The Block Crypto: China Supreme Court sides with Genesis Mining over claim of 485,000 GPU crypto miners

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162