string(13) "markets-macro"

Macro

September 23, 2021

Deep dive | Green Finance: How China plans to fund its economic future

By now, we’ve all seen the headline. In September 2020, Xi Jinping pledged that China will peak carbon emissions before 2030 and become carbon neutral before 2060. But reaching net zero won’t come cheap. In fact, it’s going to be eye-wateringly expensive. According to the head of the central bank … Username Password Remember Me… Read More »

By now, we've all seen the headline.
In September 2020, Xi Jinping pledged that China will peak carbon emissions before 2030 and become carbon neutral before 2060.
But reaching net zero won’t come cheap.

In fact, it’s going to be eye-wateringly expensive.

According to the head of the central bank ...

September 22, 2021

Financial data grading

File under “sounds boring but is actually super important”: On Saturday, the central bank released an explainer on how they’ve begun to classify financial data by level of security risk. The short version: Financial data is graded on a 1-5 scale, with level 5 being “super-duper dangerous if da…

File under “sounds boring but is actually super important": On Saturday, the central bank released an explainer on how they’ve begun to classify financial data by level of security risk.
The short version: Financial data is graded on a 1-5 scale, with level 5 being “super-duper dangerous if da...

sources

21jingji.com: 央行解读：金融业是如何对数据资产进行分级的？

September 22, 2021

Yi Gang at a payment conference

On Friday, governor of the People’s Bank of China Yi Gang gave a speech on fintech regulation at a Sino-German global payments conference.What he said: “China strives to balance the relationship between encouraging development and preventing risks, insists that all financial activities be included …

On Friday, governor of the People's Bank of China Yi Gang gave a speech on fintech regulation at a Sino-German global payments conference.What he said:

“China strives to balance the relationship between encouraging development and preventing risks, insists that all financial activities be included ...

sources

Caixin: 易纲：强化反垄断坚持金融活动全部纳入金融监管

September 22, 2021

Linking them all together

Inter-linking between private lending platforms and the People’s Bank of China’s (PBoC) credit reporting system has begun. Today, news broke that Ant Financial’s consumer credit app, Huabei, has initiated two-way data sharing with China’s central bank. Why? Huabei’s spokesperson said it best: “Hu…

Inter-linking between private lending platforms and the People’s Bank of China's (PBoC) credit reporting system has begun.
Today, news broke that Ant Financial’s consumer credit app, Huabei, has initiated two-way data sharing with China’s central bank.
Why? Huabei’s spokesperson said it best:

“Hu...

sources

Sina: 蚂蚁整改消费信贷业务：“花呗”上报征信，“借呗”暂且无声

September 22, 2021

A SPB for tech innovation

Policymakers just invented a new special purpose bond (SPB) for sci-tech innovation. Over the weekend, the Ministry of Science and Technology teamed up with the China Development Bank to raise RMB 10 billion via SPBs for national innovation projects. Our take: RMB10 billion worth of SPBs is not th…

Policymakers just invented a new special purpose bond (SPB) for sci-tech innovation.
Over the weekend, the Ministry of Science and Technology teamed up with the China Development Bank to raise RMB 10 billion via SPBs for national innovation projects.
Our take: RMB10 billion worth of SPBs is not th...

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Ministry of Science and Technology: 关于开展重大科技成果产业化专题债有关工作的通知

September 22, 2021

Go go Tencent Sogou

It’s (almost) official: the merger between Tencent and search engine Sogou is going through, and soon. Today, domestic media heard reports from Sogou insiders that merger prep has been underway for several months, and an official announcement is imminent. Kandian — Tencent’s news feed service — w…

It’s (almost) official: the merger between Tencent and search engine Sogou is going through, and soon.
Today, domestic media heard reports from Sogou insiders that merger prep has been underway for several months, and an official announcement is imminent.

Kandian — Tencent’s news feed service — w...

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Jiemian: 腾讯本周或正式宣布合并搜狗，看点招聘工作已暂停

September 22, 2021

Meitu Xiuxiu in trouble

Today, photo beatification tool Meitu Xiuxiu.com has been taken offline due to violations of the Cybersecurity Law (CSL). No word on whether or not the platform will re-open. The violation: The announcement cited violations of Article 47 of the CSL, which relates to the company’s obligations to …

Today, photo beatification tool Meitu Xiuxiu.com has been taken offline due to violations of the Cybersecurity Law (CSL).

No word on whether or not the platform will re-open.

The violation: The announcement cited violations of Article 47 of the CSL, which relates to the company’s obligations to ...

sources

WeChat: 益阳市网信办依法对美图秀秀网作出行政处罚

September 22, 2021

Mr. Taxman, bring me a fee

The tax bureau is coming for China’s net celebs. On Saturday, the State Taxation Administration (STA) said they’d require “studios and entertainment businesses established by celebs and web anchors” to pony up their books for auditing during tax filing. Background: On September 2, the Central Prop…

The tax bureau is coming for China’s net celebs.
On Saturday, the State Taxation Administration (STA) said they’d require “studios and entertainment businesses established by celebs and web anchors” to pony up their books for auditing during tax filing.
Background: On September 2, the Central Prop...

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Sina: 国家税务总局：定期开展对明星艺人、网络主播的税收检查

September 22, 2021

MoE provides explainer to edtech

Today, the Ministry of Education (MoE) provided more clarity on what the education sector crackdown means for edtech platforms. The short version: Online education platforms will first have to apply to the provincial MoE for approval before they can register as a business. If approved, a permit w…

Today, the Ministry of Education (MoE) provided more clarity on what the education sector crackdown means for edtech platforms.
The short version: Online education platforms will first have to apply to the provincial MoE for approval before they can register as a business.

If approved, a permit w...

sources

MOE: 教育部办公厅等六部门关于做好现有线上学科类培训机构由备案改为审批工作的通知

September 22, 2021

Han Zheng went down South

Friday through Sunday, executive vice premier Han Zheng enjoyed a trip to Guangdong. He was a busy bee down there. In Hengqin, Han inspected the Guangdong-Macao In-depth Cooperation Zone, and attended the inauguration ceremony of its administrative organizations. In Shenzhen, he visited the Qianhai…

Friday through Sunday, executive vice premier Han Zheng enjoyed a trip to Guangdong.
He was a busy bee down there.

In Hengqin, Han inspected the Guangdong-Macao In-depth Cooperation Zone, and attended the inauguration ceremony of its administrative organizations.
In Shenzhen, he visited the Qianhai...

sources

Gov.cn: 韩正出席横琴粤澳深度合作区管理机构揭牌仪式并在广东珠海调研

Gov.cn: 韩正在广东调研

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