string(13) "markets-macro"

Macro

September 28, 2021

Guangzhou land sale fail

On Sunday and Monday, Guangzhou held its second centralized land auction. And the winner is… basically no one. Some context: In February, the Ministry of Natural Resources (MNR) called on 22 major cities to restrict land sales to three evenly spaced, closely regulated auctions per year in an effort … Username Password Remember Me … Read More »

On Sunday and Monday, Guangzhou held its second centralized land auction.
And the winner is… basically no one.
Some context: In February, the Ministry of Natural Resources (MNR) called on 22 major cities to restrict land sales to three evenly spaced, closely regulated auctions per year in an effort ...

sources

Caixin: 广州土拍“盛宴”不再第二轮集中供地超半数流拍

September 28, 2021

Singapore SPACdown

On Monday, Caixin scooped that reps from the Singapore Exchange (SGX) were in contact with Chinese companies about raising funds via special purpose acquisition companies (SPACs) in Singapore. Some context: Listing via SPAC – a path to going public that has been popular on Wall Street over the past …

On Monday, Caixin scooped that reps from the Singapore Exchange (SGX) were in contact with Chinese companies about raising funds via special purpose acquisition companies (SPACs) in Singapore.
Some context: Listing via SPAC – a path to going public that has been popular on Wall Street over the past ...

sources

Caixin: 新交所：有中国SPAC对赴新加坡上市感兴趣

Yicai: 新交所谢采含：与关注SPAC的中国境内企业接触中

September 28, 2021

A second chance for Hainan Airlines

On Monday, Hainan Airlines unveiled its draft restructuring plan to a meeting of more than 4000 creditors. Some context: In February, HNA Group and its three publicly-traded subsidiaries – including Shanghai-listed Hainan Airlines – formally entered bankruptcy proceedings. Earlier this month Hainan…

On Monday, Hainan Airlines unveiled its draft restructuring plan to a meeting of more than 4000 creditors.
Some context: In February, HNA Group and its three publicly-traded subsidiaries – including Shanghai-listed Hainan Airlines – formally entered bankruptcy proceedings.

Earlier this month Hainan...

sources

Yicai: 海航二债会直击：方大410亿入主，重整后迎历史最好时刻

September 28, 2021

International cooperation of tech

China is — as always — ramping up international cooperation on tech. On Friday, the 5th China-CECC (Central and Eastern European Countries) Conference on Innovation Cooperation was held in Beijing. Who rocked up: Serbia, Slovenia, Bosnia and Herzegovina, Bulgaria, Hungary, Albania, Croatia, Greece…

China is — as always — ramping up international cooperation on tech.
On Friday, the 5th China-CECC (Central and Eastern European Countries) Conference on Innovation Cooperation was held in Beijing.
Who rocked up: Serbia, Slovenia, Bosnia and Herzegovina, Bulgaria, Hungary, Albania, Croatia, Greece...

sources

Ministry of Science and Technology: 第五届中国—中东欧国家创新合作大会在京成功举行

September 28, 2021

Global chip shortage + China power shortage = potential nightmare for global tech output

Yesterday, Reuters reported that several of Apple and Tesla’s suppliers in China were forced to shut down production for several days in response to local power shortages. What’s going on? At least thirteen provinces nationwide have instituted power rationing efforts in the face of shortages. Spec…

Yesterday, Reuters reported that several of Apple and Tesla’s suppliers in China were forced to shut down production for several days in response to local power shortages.
What’s going on? At least thirteen provinces nationwide have instituted power rationing efforts in the face of shortages.
Spec...

sources

Reuters: Some Apple, Tesla suppliers suspend production in China amid power pinch

September 28, 2021

Alibaba bans crypto mining machines

Today, Alibaba announced it would ban all e-commerce listings for crypto mining machines on its platforms. Recap: On Friday, the PBoC and the NDRC released major policies further tightening crypto transactions and limiting crypto mining. Alibaba moved fast to respond, stating all crypto equipment…

Today, Alibaba announced it would ban all e-commerce listings for crypto mining machines on its platforms.
Recap: On Friday, the PBoC and the NDRC released major policies further tightening crypto transactions and limiting crypto mining.

Alibaba moved fast to respond, stating all crypto equipment...

sources

Alibaba: Announcement on Prohibition Against Selling Virtual Currency Miners

September 28, 2021

Ali accpets WeChat Pay now

Today, news broke that Ali has accepted WeChat Pay on a number of its apps, including Ele.me, Youku, Damai, Kaola and Shuqi. That’s not all: Taobao Deals, Idle Fish, and Hema are in the process of integrating WeChat Pay as well. Obviously missing from the list: Ali’s largest ecommerce platforms Ta…

Today, news broke that Ali has accepted WeChat Pay on a number of its apps, including Ele.me, Youku, Damai, Kaola and Shuqi.
That’s not all: Taobao Deals, Idle Fish, and Hema are in the process of integrating WeChat Pay as well.
Obviously missing from the list: Ali’s largest ecommerce platforms Ta...

sources

21st Century Biz: 支付领域反垄断“纵深推进”：美团拼多多向主流支付工具全面开放，支付宝财付通“互联互通”待解

September 27, 2021

A reality check

In case you were still under the impression that China’s regulation on the e-commerce broadcasting industry is just about content control, here’s a reality check. We just got through the 2021 China Mobile Internet Development Report, released on Wednesday. What it is: The report covers the latest …

In case you were still under the impression that China’s regulation on the e-commerce broadcasting industry is just about content control, here’s a reality check.
We just got through the 2021 China Mobile Internet Development Report, released on Wednesday.
What it is: The report covers the latest ...

sources

MofCom: 商务部关于进一步做好当前商务领域促消费重点工作的通知

September 27, 2021

Nanotech gets policy support?

Nanotech may soon get some policy support as a strategic emerging industry. On Friday, Zhao Yuliang, director of the National Nanoscience Center, gave an interview on the center’s plans for developing the industry: “We are planning to build a cluster of nano-industry parks, including nano-manufact…

Nanotech may soon get some policy support as a strategic emerging industry.
On Friday, Zhao Yuliang, director of the National Nanoscience Center, gave an interview on the center’s plans for developing the industry:

“We are planning to build a cluster of nano-industry parks, including nano-manufact...

sources

Xinhua: 央地加紧谋划打造未来产业发展高地

September 27, 2021

SAMR blocks a Baidu M&A

SAMR, the antitrust watchdog, will block Baidu’s USD 3.6 billion acquisition of live-streaming platform YY Live, according to Reuters’ sources. Background: The deal was announced in November 2020 and has been under review by SAMR over the last several months. According to Reuters: “SAMR was unlik…

SAMR, the antitrust watchdog, will block Baidu’s USD 3.6 billion acquisition of live-streaming platform YY Live, according to Reuters’ sources.
Background: The deal was announced in November 2020 and has been under review by SAMR over the last several months.
According to Reuters:

“SAMR was unlik...

sources

Reuters: China is unlikely to approve Baidu's $3.6 bln purchase of JOYY's YY Live -sources

September 27, 2021

Huobi suspends new user registrations

On Sunday, crypto exchange Huobi announced that it suspended new user registrations for Chinese nationals and would be gradually retiring existing Chinese accounts by the end of the year. Recap: On Friday, ten central government agencies vowed to renew and strengthen the crackdown on crypto trading…

On Sunday, crypto exchange Huobi announced that it suspended new user registrations for Chinese nationals and would be gradually retiring existing Chinese accounts by the end of the year.
Recap: On Friday, ten central government agencies vowed to renew and strengthen the crackdown on crypto trading...

sources

Huobi: https://www.huobi.tt/support/zh-cn/detail/54886961978434?mc_cid=dde9ac2166&mc_eid=bad5b11dc1

September 27, 2021

A late boat to China

Never let (the end of) a crisis go to waste. On Friday, Huawei CFO Meng Wanzhou was released from Canadian custody after nearly three years. Some context: Meng was arrested by Canadian authorities in December 2018 at the behest of the US Justice Department, which sought her extradition for allegedly…

Never let (the end of) a crisis go to waste.
On Friday, Huawei CFO Meng Wanzhou was released from Canadian custody after nearly three years.
Some context: Meng was arrested by Canadian authorities in December 2018 at the behest of the US Justice Department, which sought her extradition for allegedly...

sources

SCMP: China tries to rally national pride as it paints Meng Wanzhou’s release as proof the US targeted an innocent woman for political reasons

MoFA: Foreign Ministry Spokesperson Hua Chunying's Remarks on Meng Wanzhou's Return to China

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