string(13) "markets-macro"

Macro

October 20, 2021

They’ve got the power

On Tuesday, the National Development and Reform Commission (NDRC) brought together a veritable “who’s who” of China’s energy sector for a symposium on ensuring energy supplies and price stability this winter. The meeting had one key message: Keep the lights on. Some context: Power outages continue a… Username Password Remember Me Forgot Password

On Tuesday, the National Development and Reform Commission (NDRC) brought together a veritable "who's who" of China's energy sector for a symposium on ensuring energy supplies and price stability this winter.
The meeting had one key message: Keep the lights on.
Some context: Power outages continue a...

sources

The Paper: 国家发改委：坚决做到限电不拉闸、限电不限民用

21st Century Biz: 发改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

October 20, 2021

Follow this for now

What weighty words have several local governments recently convened to study? The “Opinions of the Central Committee and State Council on the Complete and Accurate Implementation of the New Development Concept and Doing a Good Job in Peak Carbon and Carbon Neutrality Work.” It’s not what you think: …

What weighty words have several local governments recently convened to study?
The “Opinions of the Central Committee and State Council on the Complete and Accurate Implementation of the New Development Concept and Doing a Good Job in Peak Carbon and Carbon Neutrality Work.”
It’s not what you think:
...

sources

Guangfumen: 国务院下发碳中和碳达峰工作意见

October 19, 2021

Qihu 360 bets on auto

Yesterday, Qihoo 360 — maker of China’s most popular computer security software — announced that it’s officially getting into the autos game. How? The company will invest RMB 2.9 billion in new energy vehicle company Hozon Auto, becoming the second-largest shareholder. Why? Regular readers will re…

Yesterday, Qihoo 360 — maker of China’s most popular computer security software — announced that it’s officially getting into the autos game.
How? The company will invest RMB 2.9 billion in new energy vehicle company Hozon Auto, becoming the second-largest shareholder.
Why? Regular readers will re...

sources

Sina: 360正式入局造车！斥资29亿元，成为哪吒汽车第二大股东！

October 19, 2021

Traders gonna trade

Interesting article alert: Today, Beijing Business Today published an exposé on exactly how Chinese traders are getting around Beijing’s crypto transaction ban. The answer: By opening up overseas-registered companies that can be used to sign up for professional trading accounts. To do that, they’r…

Interesting article alert: Today, Beijing Business Today published an exposé on exactly how Chinese traders are getting around Beijing’s crypto transaction ban.
The answer: By opening up overseas-registered companies that can be used to sign up for professional trading accounts.
To do that, they’r...

sources

Baijiahao: 独家｜揭秘虚拟货币最新产业乱象内地个人竟注册海外企业参与交易！

October 19, 2021

Open for business

Huanying, huanying, foreign teachers, techies and travel agents. Really? On Monday, the State Council temporarily adjusted restrictions on foreign investment in the services sector in the city of Beijing. The adjustments span education, information and communications technology (ICT), travel service…

Huanying, huanying, foreign teachers, techies and travel agents. Really?
On Monday, the State Council temporarily adjusted restrictions on foreign investment in the services sector in the city of Beijing.
The adjustments span education, information and communications technology (ICT), travel service...

sources

Gov.cn: 国务院关于同意在北京市暂时调整实施

October 19, 2021

Left out in the cold

Coal has a rocky road ahead this winter. On Sunday, Bloomberg reported temperature drops of up to 50 degrees Fahrenheit across eastern China, driving up heating demand. Some context: China’s coal industry has already been squeezed by booming demand and difficulties in ramping up production quickly. …

Coal has a rocky road ahead this winter.
On Sunday, Bloomberg reported temperature drops of up to 50 degrees Fahrenheit across eastern China, driving up heating demand.
Some context: China's coal industry has already been squeezed by booming demand and difficulties in ramping up production quickly.
...

sources

The Paper: 国家发改委：多措并举推动煤炭增产增供取得明显成效

Bloomberg: Early Freeze Across China Adds to the Nation’s Energy Crisis

Reuters: China coking coal, coke futures surge to record highs on supply woes

October 19, 2021

You think you’re so (systemically) important?

On Friday, the People’s Bank of China (PBoC) released a list enumerating China 19 “domestic systemically important banks” (D-SIBs). Some context: A bank is “systemically important” if it is so large, complex, and interconnected with other financial institutions that its failure would have an a…

On Friday, the People’s Bank of China (PBoC) released a list enumerating China 19 “domestic systemically important banks” (D-SIBs).
Some context: A bank is “systemically important” if it is so large, complex, and interconnected with other financial institutions that its failure would have an a...

sources

Gov.cn: 中国人民银行中国银行保险监督管理委员会发布我国系统重要性银行名单

October 19, 2021

MIIT Minister meets the Americans

Yesterday, MIIT minister Xiao Yaqing met with representatives of the US-China Business Council. What he said: “It is hoped that US companies will continue to strengthen cooperation with Chinese industry in areas such as new energy vehicles, biomedicine, and next-generation information and com…

Yesterday, MIIT minister Xiao Yaqing met with representatives of the US-China Business Council. What he said:

“It is hoped that US companies will continue to strengthen cooperation with Chinese industry in areas such as new energy vehicles, biomedicine, and next-generation information and com...

sources

MIIT: https://www.miit.gov.cn/xwdt/gxdt/ldhd/art/2021/art_7796cb282a97477d83d35783eb0032e9.html?mc_cid=0cc7282e20&mc_eid=bad5b11dc1

October 19, 2021

Opening up the telecom sector

Yesterday, the State Council issued a notice to further open up foreign investment in China’s telecom sector in the city of Beijing. The details: Foreign companies can now invest in VPN providers up to (but not including) 50% ownership. Foreign companies can now fully own Internet acces…

Yesterday, the State Council issued a notice to further open up foreign investment in China’s telecom sector in the city of Beijing. The details:

Foreign companies can now invest in VPN providers up to (but not including) 50% ownership.
Foreign companies can now fully own Internet acces...

sources

Gov.cn: 国务院关于同意在北京市暂时调整实施有关行政法规和经国务院批准的部门规章规定的批复

October 19, 2021

Holiday travelers spread COVID across nation

Coulda seen that one coming…and did. In the past week, several regions across China have reported minor COVID outbreaks linked to travel during the recently concluded National Day holiday. Between last Monday and this Monday, China reported (NHC): 13 new domestically transmitted symptomatic …

Coulda seen that one coming...and did.
In the past week, several regions across China have reported minor COVID outbreaks linked to travel during the recently concluded National Day holiday.
Between last Monday and this Monday, China reported (NHC):

13 new domestically transmitted symptomatic ...

sources

NHC: 截至10月18日24时新型冠状病毒肺炎疫情最新情况

Xinhua: 北京丰台通报1例核酸阳性

Sina: 突发！陕西发现两例阳性，曾在甘肃核酸检测异常后自行离开！轨迹涉及4省区市，西安涉事酒店人员已隔离

Sina: 上海旅行团一行7人均阳性，西安全面开展排查管控

October 19, 2021

I heart Angie

Beijing is putting out the vibes. On Tuesday, Premier Li Keqiang said goodbye, by videokonferenz, to outgoing German Chancellor Angela Merkel. Li’s message: China and Germany are BFFs. Spoiler alert: Merkel is leaving office after 16 years. She has led China’s cooperation with the Europea…

Beijing is putting out the vibes.
On Tuesday, Premier Li Keqiang said goodbye, by videokonferenz, to outgoing German Chancellor Angela Merkel. Li’s message: China and Germany are BFFs.
Spoiler alert: Merkel is leaving office after 16 years.
She has led China’s cooperation with the Europea...

sources

Gov.cn: 李克强同德国总理默克尔举行视频会晤

October 19, 2021

Supervise it, don’t criticize it

Won’t somebody PLEASE think of the users? On Friday, Tencent announced it will establish an “external supervision committee for personal information protection.” The independent body will be tasked with: Reviewing privacy protection work at Tencent, including personal information safeguards o…

Won't somebody PLEASE think of the users?
On Friday, Tencent announced it will establish an “external supervision committee for personal information protection.”
The independent body will be tasked with:

Reviewing privacy protection work at Tencent, including personal information safeguards o...

sources

Tencent: 腾讯隐私保护监督员，等你加入！

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