string(13) "markets-macro"

Macro

October 27, 2021

The anti-Aukus club

On Tuesday, Xi Jinping rang up his French counterpart, Emmanuel Macron. Timing: This was their first conversation since Aukus surprised the world in September. ICYMI: The Aukus security pact between Australia, the UK, and the US, appears designed to counter China’s growing regional power. So Beijing… Username Password Remember Me Forgot Password

On Tuesday, Xi Jinping rang up his French counterpart, Emmanuel Macron.
Timing: This was their first conversation since Aukus surprised the world in September.
ICYMI: The Aukus security pact between Australia, the UK, and the US, appears designed to counter China's growing regional power.
So Beijing...

sources

Xinhua: 习近平同法国总统马克龙通电话

SCMP: Xi Jinping and Emmanuel Macron speak for first time since Aukus alliance was announced

Reuters: France's Macron asks China's Xi Jinping for signal ahead of COP26

October 27, 2021

Strike while the coal’s hot

In case you had any doubts, coal is still really expensive. Futures have dropped from last week’s record highs, but are still up as much as 130% YTD. That’s why, on Tuesday, the National Development and Reform Commission (NDRC) put yet another foot down – this time suggesting it could put a cap on…

In case you had any doubts, coal is still really expensive.

Futures have dropped from last week's record highs, but are still up as much as 130% YTD.

That's why, on Tuesday, the National Development and Reform Commission (NDRC) put yet another foot down – this time suggesting it could put a cap on...

sources

Reuters: China NDRC studying mechanism to stabilise coal prices over long-run

October 27, 2021

Initial public oof-ering

China’s financial regulators have recently increased their supervision of IPOs – and their efforts look to be making an impact. ICYMI: In September, the Shanghai and Shenzhen exchanges moved to regulate price quotes to minimize the potential for market disruptions. As of Tuesday, four stocks liste…

China's financial regulators have recently increased their supervision of IPOs - and their efforts look to be making an impact.

ICYMI: In September, the Shanghai and Shenzhen exchanges moved to regulate price quotes to minimize the potential for market disruptions.

As of Tuesday, four stocks liste...

sources

Bloomberg: China’s IPO Flops Raise Red Flag Over Pricing of New Shares

Securities Times: 新股破发“接二连三” 市场化博弈有望持续改善

Securities Times: 新股询价改革正本清源破发有利博弈均衡

The Paper: 新股接连首日破发：询价新规下定价中枢抬升与情绪面影响所致

October 27, 2021

Defining the relationship

Let’s be more than friends. That was the message on Tuesday from Premier Li Keqiang to leaders from the Association of Southeast Asian Nations (ASEAN), in his remarks at the China-ASEAN summit in Brunei. Li said that China wants to upgrade its relationship with the region by: Deepening economic int…

Let’s be more than friends.
That was the message on Tuesday from Premier Li Keqiang to leaders from the Association of Southeast Asian Nations (ASEAN), in his remarks at the China-ASEAN summit in Brunei.
Li said that China wants to upgrade its relationship with the region by:

Deepening economic int...

sources

Gov.cn: 李克强出席第24次中国－东盟领导人会议

The Star: China seeks upgrade of ties with Asean in lead-up to Xi summit

October 27, 2021

The 2030 playbook

It’s finally here. On Tuesday, the State Council (SC) released the Action Plan for Carbon Dioxide Peaking Before 2030. Beijing had promised it in the 2021 Government Work Report (March). Some context: Xi Jinping pledged in September 2020 that China would peak carbon emissions before 2030, and achi…

It's finally here.
On Tuesday, the State Council (SC) released the Action Plan for Carbon Dioxide Peaking Before 2030.

Beijing had promised it in the 2021 Government Work Report (March).

Some context: Xi Jinping pledged in September 2020 that China would peak carbon emissions before 2030, and achi...

sources

Gov.cn: 2030年前碳达峰行动方案

Xinhua: Action Plan for Carbon Dioxide Peaking Before 2030

October 27, 2021

Dollars for developers

On Tuesday, the State Administration of Foreign Exchange (SAFE) and the National Development and Reform Commission (NDRC) jointly hosted a meeting with large companies to discuss how those firms intend to service their foreign currency debt. Some context: Over the last couple of months, the yields o…

On Tuesday, the State Administration of Foreign Exchange (SAFE) and the National Development and Reform Commission (NDRC) jointly hosted a meeting with large companies to discuss how those firms intend to service their foreign currency debt.
Some context: Over the last couple of months, the yields o...

sources

NDRC: 国家发展改革委外资司会同外汇局资本司召开部分重点行业企业外债座谈会

October 27, 2021

Vaccine booster shots are not the final solution

China’s mass vaccination campaign against COVID-19 is making steady progress, especially with booster shots now authorized and administered in many regions. As of Tuesday, China had (NHC): Administered a cumulative total of 2.251 billion doses – up from 2.174 billion administered up to September 18…

China's mass vaccination campaign against COVID-19 is making steady progress, especially with booster shots now authorized and administered in many regions.
As of Tuesday, China had (NHC):

Administered a cumulative total of 2.251 billion doses - up from 2.174 billion administered up to September 18...

sources

NHC: 新冠病毒疫苗接种情况

The Paper: 中国疾控中心：60岁以上人群也可进行加强免疫接种

Sina: 未来不断接种新冠疫苗会否成为常态？中疾控回应

October 27, 2021

The Party leads, the state supports, and the military uses

Get ready for war. China’s national legislature (NPCSC) approved a slew of law-making decisions last week. And this caught our eye: The NPCSC suspended the application of unspecified provisions in five laws of national defense. Hmmm, for how long? Until the five laws are amended to codify planned…

Get ready for war.
China's national legislature (NPCSC) approved a slew of law-making decisions last week.
And this caught our eye:

The NPCSC suspended the application of unspecified provisions in five laws of national defense.

Hmmm, for how long?

Until the five laws are amended to codify planned...

sources

NPC: 全国人民代表大会常务委员会关于深化国防动员体制改革期间暂时调整适用相关法律规定的决定

NPC: 对《关于深化国防动员体制改革期间暂时调整适用相关法律规定的决定（草案）》的说明

October 27, 2021

Online real-name registration is about to get realer

Yesterday, the CAC released draft “Provisions on the Administration of Internet User Account Names” for public comment. Some context: This document will update a 2015 policy which requires online user accounts (like on social media) to be registered under a person’s real identity, with the public-fa…

sources

CAC: 国家互联网信息办公室关于《互联网用户账号名称信息管理规定（征求意见稿）》公开征求意见的通知

October 27, 2021

Revocation after revocation

Today, the US Federal Communications Commission (FCC) revoked China Telecom Americas’ business license, citing national security concerns.What concerns: Just concerns, OK? More specifically, the FCC said: “[The company] is subject to exploitation, influence, and control by the Chinese government an…

Today, the US Federal Communications Commission (FCC) revoked China Telecom Americas' business license, citing national security concerns.What concerns: Just concerns, OK? More specifically, the FCC said:

"[The company] is subject to exploitation, influence, and control by the Chinese government an...

sources

FCC: FCC REVOKES AND TERMINATES CHINA TELECOM AMERICA’S AUTHORITY TO PROVIDE TELECOM SERVICES IN AMERIC

October 26, 2021

COVID on the rise again

In case you hadn’t noticed, COVID is on the rise again in China. From last Monday till this Monday, China reported (NHC): 195 new domestically transmitted symptomatic infections, up from 13 in the previous eight-day period 38 new domestically transmitted asymptomatic infections, up from nine in th…

In case you hadn't noticed, COVID is on the rise again in China.
From last Monday till this Monday, China reported (NHC):

195 new domestically transmitted symptomatic infections, up from 13 in the previous eight-day period
38 new domestically transmitted asymptomatic infections, up from nine in th...

sources

NHC: 截至10月25日24时新型冠状病毒肺炎疫情最新情况

Huanqiu: 北京：严控中高风险地区所在县（市、区、旗）及14日内有该区域旅居史人员进京

Sina: 北京刚刚通报：暂停跨省旅游！

CT News: 北京：近期到过这些地区必须做核酸检测

October 26, 2021

Like a good neighbor, China is there

Whether Beijing likes it or not. On Monday, Foreign Minister Wang Yi met Mullah Abdul Ghani Baradar, acting deputy prime minister of the (newly restored) Islamic Emirate of Afghanistan. Their talks in Doha, Qatar, were the first high-level engagement between China and the Taliban since the group res…

Whether Beijing likes it or not.
On Monday, Foreign Minister Wang Yi met Mullah Abdul Ghani Baradar, acting deputy prime minister of the (newly restored) Islamic Emirate of Afghanistan.
Their talks in Doha, Qatar, were the first high-level engagement between China and the Taliban since the group res...

sources

Xinhua: Chinese FM meets with acting deputy PM of Afghan Taliban's interim gov't

SCMP: China’s Foreign Minister Wang Yi to meet Afghan Taliban leaders in Doha

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162