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Macro

September 13, 2021

Beijing Stock Exchange lists trial rules

On Friday, the new Beijing Stock Exchange (BSE) released rules outlining its requirements for listing. That was quick: Xi Jinping announced that Beijing was getting a new stock exchange dedicated to small and medium-sized firms (SMEs) on September 2. Don’t get too excited: For now, it looks like the… Username Password Remember Me … Read More »

On Friday, the new Beijing Stock Exchange (BSE) released rules outlining its requirements for listing.
That was quick: Xi Jinping announced that Beijing was getting a new stock exchange dedicated to small and medium-sized firms (SMEs) on September 2.
Don't get too excited: For now, it looks like the...

sources

Caixin: 北交所官网上线发行上市、再融资、并购重组规则发布

September 13, 2021

GBA launches long-awaited wealth management connect

It’s finally happening. On Friday, the People’s Bank of China, Hong Kong Monetary Authority (HKMA), and Monetary Authority of Macao announced the official launch of the Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme – GBA WMC for short. Here’s the skinny: Under the GBA WMC, i…

It’s finally happening.
On Friday, the People’s Bank of China, Hong Kong Monetary Authority (HKMA), and Monetary Authority of Macao announced the official launch of the Greater Bay Area Cross-boundary Wealth Management Connect Pilot Scheme – GBA WMC for short.
Here’s the skinny: Under the GBA WMC, i...

sources

HKMA: HKMA Promulgates Implementation Details for Cross-boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area

SCMP: Wealth Management Connect: China’s US$46.5 billion cross-border channel gives Hong Kong a leg up in the Greater Bay Areasss

Reuters: China launches long-awaited Wealth Connect, wrapping in HK, Macau

September 10, 2021

Building BRICS

On Thursday, Xi Jinping addressed the 13th BRICS summit in New Delhi via videolink. Name them! Brazil, Russia, India, China, and South Africa came together to promote cooperation and advance the interests of emerging economies. Xi said that the group had a responsibility to uphold multilateralism (X…

On Thursday, Xi Jinping addressed the 13th BRICS summit in New Delhi via videolink.
Name them! Brazil, Russia, India, China, and South Africa came together to promote cooperation and advance the interests of emerging economies.
Xi said that the group had a responsibility to uphold multilateralism (X...

sources

Xinhua: Xi calls for advancing BRICS cooperation to combat virus, uphold multilateralism

September 10, 2021

Foreign investment is indispensable

Phew. On Thursday, vice premier Hu Chunhua, held a symposium on foreign investment. Some context: Hu is in charge of the foreign investment portfolio. Accentuating the positive, he commended officials for a job well done (Xinhua): “[We] made remarkable achievements in foreign investment work, which…

Phew.
On Thursday, vice premier Hu Chunhua, held a symposium on foreign investment.
Some context: Hu is in charge of the foreign investment portfolio.
Accentuating the positive, he commended officials for a job well done (Xinhua):

“[We] made remarkable achievements in foreign investment work, which...

sources

Xinhua: 胡春华强调积极主动做好新形势下的外资工作

SCIO: 国家发展和改革委举行稳投资稳外资工作发布会

September 10, 2021

You get human rights! You get human rights! Everybody gets human rights!

On Thursday, the State Council Information Office (SCIO) – aka the government’s PR office – issued the Human Rights Action Plan (2021-2025). Some context: The plan is the fourth of its kind to be issued since 2009. What’s in this plan: The guidelines for formulating and implementing the plan, which …

On Thursday, the State Council Information Office (SCIO) – aka the government’s PR office – issued the Human Rights Action Plan (2021-2025).
Some context: The plan is the fourth of its kind to be issued since 2009.
What’s in this plan: The guidelines for formulating and implementing the plan, which ...

sources

China Daily: Human Rights Action Plan of China (2021-2025)

Gov.cn: Full text: National Human Rights Action Plan of China (2016-2020)

September 10, 2021

The red phone rings

On Friday, Xi Jinping had a phone call with US President Joe Biden. Some context: The leaders last spoke over the phone in February. Since then, US-China bilats have been characterized by acrimonious finger-pointing. Xi kicked things off with an ever-so-gentle rebuke of Washington (MoFA): “[D]ue …

On Friday, Xi Jinping had a phone call with US President Joe Biden.
Some context: The leaders last spoke over the phone in February.

Since then, US-China bilats have been characterized by acrimonious finger-pointing.

Xi kicked things off with an ever-so-gentle rebuke of Washington (MoFA):

“[D]ue ...

sources

MoFA: Chinese President Xi Jinping Speaks with U.S. President Joseph Biden on the Phone

White House: Readout of President Joseph R. Biden Jr. Call with President Xi Jinping of the People’s Republic of China

September 10, 2021

Please moderate your actions

Quick reminder: The Politburo called for an end to “campaign-style” emission reduction efforts in late July. That’s a euphemism for sweeping and aggressive crackdowns that may be more about signaling than effective implementation. On Wednesday, Liu Shijin, Chinese Chief Advisor at the China Counci…

Quick reminder: The Politburo called for an end to “campaign-style” emission reduction efforts in late July.

That’s a euphemism for sweeping and aggressive crackdowns that may be more about signaling than effective implementation.

On Wednesday, Liu Shijin, Chinese Chief Advisor at the China Counci...

sources

The Paper: 国合会中方首席顾问刘世锦：应建立减碳治污增绿增长协同机制

September 10, 2021

Tax management by data

The central government’s directives to digitally upgrade China’s tax system are filtering down to local govs. Background: In March, the Party Central Committee and the State Council released a policy calling for — among other things — full digitization of the tax system by 2025. The point: To tran…

The central government's directives to digitally upgrade China's tax system are filtering down to local govs.
Background: In March, the Party Central Committee and the State Council released a policy calling for — among other things — full digitization of the tax system by 2025.
The point: To tran...

sources

Beijing.gov: 北京市关于进一步深化税收征管改革的实施方案

September 10, 2021

IoV authentication matters

The internet of vehicles (IoV) is getting built, one boring meeting at a time. On Wednesday, MIIT held the kick-off meeting for its IoV identity authentication and network security pilot working group. At the head of the table: Han Xia, MIIT’s chief engineer. What the group will do: Establish sta…

The internet of vehicles (IoV) is getting built, one boring meeting at a time.
On Wednesday, MIIT held the kick-off meeting for its IoV identity authentication and network security pilot working group.
At the head of the table: Han Xia, MIIT's chief engineer.
What the group will do: Establish sta...

sources

MIIT: 工业和信息化部车联网身份认证和安全信任试点工作启动会召开

September 10, 2021

CAICT publishes data security certifications

It’s been ten days since the launch of the Data Security Law, and it might not seem like anything much is happening, but wheels are turning behind the scenes.On Thursday, CAICT announced that the first batch of data security certifications have been issued. Why it matters: Take a gander at Arti…

It's been ten days since the launch of the Data Security Law, and it might not seem like anything much is happening, but wheels are turning behind the scenes.On Thursday, CAICT announced that the first batch of data security certifications have been issued.
Why it matters: Take a gander at Arti...

sources

CAICT: 中国信通院“卓信大数据计划”率先建立数据安全认证体系首批认证结果发布

September 10, 2021

Meituan revises delivery algos

Today, Meituan announced it adjusted its dispatching algorithm to give takeout delivery drivers more breathing room. Recap: China has only recently begun to regulate algorithms. Multiple new rules forbid platforms from using algorithms to impose inhumane working conditions — like impossible deliv…

Today, Meituan announced it adjusted its dispatching algorithm to give takeout delivery drivers more breathing room.
Recap: China has only recently begun to regulate algorithms.

Multiple new rules forbid platforms from using algorithms to impose inhumane working conditions — like impossible deliv...

sources

Jiemian: 美团公开配送算法，将延长异常场景下的配送时间

SAMR: 市场监管总局等七部门联合印发《关于落实网络餐饮平台责任切实维护外卖送餐员权益的指导意见》

September 10, 2021

Mekong mutuals

On Thursday, Premier Li Keqiang called for joint efforts to enhance regional prosperity at the Greater Mekong Subregion (GMS) Leaders’ Summit. Some context: Every three years, this summit brings together leaders from Cambodia, Laos, Myanmar, Thailand, Vietnam and China – the countries along th…

On Thursday, Premier Li Keqiang called for joint efforts to enhance regional prosperity at the Greater Mekong Subregion (GMS) Leaders' Summit.
Some context: Every three years, this summit brings together leaders from Cambodia, Laos, Myanmar, Thailand, Vietnam and China – the countries along th...

sources

Global Times: Enhanced political trust key for Mekong countries to cope with challenges: Premier Li

Gov.cn: 李克强在大湄公河次区域经济合作第七次领导人会议上的讲话

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