string(13) "markets-macro"

Macro

October 20, 2021

CAC updates official news sources list

Today, the CAC updated the official list of Internet News Information Sources. What it is: China’s internet content control fulcrum. Domestic internet news platforms are only allowed to distribute or syndicate articles created by the entities on the list. Background: This is the first major update … Username Password Remember Me Forgot Password

Today, the CAC updated the official list of Internet News Information Sources.
What it is: China's internet content control fulcrum. Domestic internet news platforms are only allowed to distribute or syndicate articles created by the entities on the list.
Background: This is the first major update ...

sources

CAC: 国家网信办公布最新版《互联网新闻信息稿源单位名单》

CAC: 最新版《互联网新闻信息稿源单位名单》

Sohu: 最新互联网新闻信息稿源单位名单公布

October 20, 2021

CCDI investigation of former PBoC official tech related?

This story may make headlines tomorrow: Former central bank (PBoC) fintech official Wang Yonghong is being investigated by the anti-graft watchdog (CCDI). For what? We don’t know yet. Some background on Wang: From 2009 to 2016, he headed the PBoC’s Technology Department, which oversees t…

From 2009 to 2016, he headed the PBoC’s Technology Department, which oversees t...

sources

CCDI: 中国人民银行科技司原司长王永红接受审查调查

October 20, 2021

The 34th Politburo study session

On Monday, the Politburo held it’s 34th collective study session. What happened: Xi gave a wordy talk on his vision for building out China’s digital economy. Reading between the lines, he said: Developing China’s digital economy is a key part of the overall economic strategy. China w…

On Monday, the Politburo held it’s 34th collective study session. What happened: Xi gave a wordy talk on his vision for building out China’s digital economy. Reading between the lines, he said:

Developing China’s digital economy is a key part of the overall economic strategy.
China w...

sources

Qiushi: 习近平在中共中央政治局第三十四次集体学习时强调把握数字经济发展趋势和规律推动我国数字经济健康发展

October 20, 2021

COVID drugs are under review

The latest round of COVID-19 outbreaks is growing nationwide. On Tuesday, China reported 17 new domestically transmitted symptomatic infections and four new asymptomatic cases, including (NHC): Eight in Inner Mongolia Six in Lanzhou, Gansu Three in Yunnan One in Fengtai, Beijing One in Zunyi, Guiz…

The latest round of COVID-19 outbreaks is growing nationwide.
On Tuesday, China reported 17 new domestically transmitted symptomatic infections and four new asymptomatic cases, including (NHC):

Eight in Inner Mongolia
Six in Lanzhou, Gansu
Three in Yunnan
One in Fengtai, Beijing
One in Zunyi, Guiz...

sources

Xinhua: 孙春兰在药品审评中心调研时强调加快新冠治疗药物研发攻关

NHC: 截至10月19日24时新型冠状病毒肺炎疫情最新情况

October 20, 2021

Let’s get digital, digital

On Monday, the Politburo held its monthly study session. The topic? Promoting the healthy development of China’s digital economy. In his speech, Xi cast the digital economy as a global struggle, and China’s in it to win it (gov.cn): “We must seize the opportunities, and seize the commanding he…

On Monday, the Politburo held its monthly study session. The topic? Promoting the healthy development of China's digital economy.
In his speech, Xi cast the digital economy as a global struggle, and China's in it to win it (gov.cn):

"We must seize the opportunities, and seize the commanding he...

sources

Gov.cn: 习近平主持中央政治局第三十四次集体学习：把握数字经济发展趋势和规律推动我国数字经济健康发展

October 20, 2021

Calling all sharks

On Tuesday, Premier Li Keqiang got his Shark Tank fix at the 2021 National Mass Entrepreneurship and Innovation Week. Li kicked off the event, which he attends most years, with a speech for the little guy (gov.cn): “The masses are very important for entrepreneurship and innovation, and the ma…

On Tuesday, Premier Li Keqiang got his Shark Tank fix at the 2021 National Mass Entrepreneurship and Innovation Week.
Li kicked off the event, which he attends most years, with a speech for the little guy (gov.cn):

“The masses are very important for entrepreneurship and innovation, and the ma...

sources

Gov.cn: 李克强出席全国大众创业万众创新活动周启动仪式

October 20, 2021

Guo Shuqing waxes on equitable financing

In a recent interview with Xinhua, Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC), dished on Chinese financial regulators’ two favorite topics: Strengthening anti-monopoly enforcement Preventing the disorderly expansion of capital When asked about the curren…

In a recent interview with Xinhua, Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC), dished on Chinese financial regulators’ two favorite topics:

Strengthening anti-monopoly enforcement
Preventing the disorderly expansion of capital

When asked about the curren...

sources

The Paper: 郭树清：在金融某些领域、某些环节垄断和不正当竞争问题突出

October 20, 2021

Slow food

New customs requirements are slowing down China’s fertilizer exports – and that may be by design. On Tuesday, Bloomberg cited unnamed sources indicating that fertilizer cargoes that are otherwise ready for export are facing delays due to local authorities demanding additional checks or new export ce…

New customs requirements are slowing down China's fertilizer exports – and that may be by design.
On Tuesday, Bloomberg cited unnamed sources indicating that fertilizer cargoes that are otherwise ready for export are facing delays due to local authorities demanding additional checks or new export ce...

sources

Bloomberg: China’s Curbs on Fertilizer Exports to Worsen Global Price Shock

GAC: 海关总署公告2021年第81号（关于调整必须实施检验的进出口商品目录的公告）

October 20, 2021

Watch the money

On Tuesday, Caixin reported that Guangdong’s Department of Housing and Urban-Rural Development has required all developers in the province to display prominently in their sales rooms a warning notice to homebuyers. The notice must explain to homebuyers that they need to ensure that any funds they p…

The notice must explain to homebuyers that they need to ensure that any funds they p...

sources

Caixin: 多地加强预售资金监管力度房企资金盘活率下降

October 20, 2021

Fight fair with beefed-up monopoly law

On Tuesday, the permanent body of China’s legislature, the NPCSC, began the first review of the draft amendment to the Anti-Monopoly Law (AML). We haven’t seen the draft’s full text, but Xinhua’s readout revealed some interesting highlights. Some context: First enacted in 2008, the AML…

On Tuesday, the permanent body of China’s legislature, the NPCSC, began the first review of the draft amendment to the Anti-Monopoly Law (AML).

We haven’t seen the draft's full text, but Xinhua’s readout revealed some interesting highlights.

Some context: First enacted in 2008, the AML...

sources

Xinhua: 坚持规范与发展并重反垄断法修正草案首次提请全国人大常委会会议审议

October 20, 2021

Evergrande pays onshore bondholders

On Tuesday, Reuters reported that Evergrande’s flagship unit – Hengda Real Estate – paid the coupon on an onshore bond. Citing unnamed sources, Reuters said that Hengda paid out RMB 121.9 million to meet its obligations. Some context: Over the past month, Evergrande has repeatedly failed to pay th…

On Tuesday, Reuters reported that Evergrande’s flagship unit – Hengda Real Estate – paid the coupon on an onshore bond.

Citing unnamed sources, Reuters said that Hengda paid out RMB 121.9 million to meet its obligations.

Some context: Over the past month, Evergrande has repeatedly failed to pay th...

sources

Reuters: China Evergrande shelves stake sale, Kaisa clattered by downgrade

October 20, 2021

The price is wrong

Are the days of state-set prices returning? On Tuesday, the National Development and Reform Commission (NDRC) indicated it wants a direct hand in setting coal prices. In a read-out of a symposium with coal producers and power generators, the state planner said it was (NDRC): “Studying implementati…

Are the days of state-set prices returning?
On Tuesday, the National Development and Reform Commission (NDRC) indicated it wants a direct hand in setting coal prices.
In a read-out of a symposium with coal producers and power generators, the state planner said it was (NDRC):

"Studying implementati...

sources

NDRC: 国家发展改革委研究依法对煤炭价格实行干预措施

Caixin: 国家发改委明确将干预煤价陕西榆林推限价措施（更新）

Reuters: China coal prices plunge from record high as govt considers intervention

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