string(13) "markets-macro"

Macro

September 8, 2021

Diff’rent versions for diff’rent persons

Yesterday, Tencent had a message for users that registered on the mainland Chinese version of WeChat using a non-Chinese phone number: Register a new account using a Chinese phone number, or switch to the international version of the app. Tencent’s notification clarified that users who opted to s… Username Password Remember Me Forgot… Read More »

Yesterday, Tencent had a message for users that registered on the mainland Chinese version of WeChat using a non-Chinese phone number:

Tencent's notification clarified that users who opted to s...

sources

SCMP: Tencent draws a line between WeChat and Weixin, telling users to choose as China’s strict new data laws come into effect

September 8, 2021

Walkin’ the three red lines

On Tuesday, the China Banking and Insurance Regulatory Commission (CBIRC) took a moment to crow about how it’s pared back banking sector lending to the property sector. In a Q&A posted on its website that dealt with a wide range of issues, the CBIRC provided a snapshot of how real estate lending…

On Tuesday, the China Banking and Insurance Regulatory Commission (CBIRC) took a moment to crow about how it’s pared back banking sector lending to the property sector.
In a Q&A posted on its website that dealt with a wide range of issues, the CBIRC provided a snapshot of how real estate lending...

sources

CBIRC: 中国银保监会新闻发言人答记者问

September 8, 2021

WMP deadline approaches

The China Banking and Insurance Commission (CBIRC) published a a wide-ranging Q&A on Tuesday. In it were some choice tidbits about banks’ progress toward complying with asset management regulations. Some context: In 2018, CBIRC and the central bank issued new rules designed to make wealth manage…

The China Banking and Insurance Commission (CBIRC) published a a wide-ranging Q&A on Tuesday.
In it were some choice tidbits about banks’ progress toward complying with asset management regulations.
Some context: In 2018, CBIRC and the central bank issued new rules designed to make wealth manage...

sources

CBIRC: 中国银保监会新闻发言人答记者问

September 8, 2021

State media comes for the quants

State media has found another target for the regulatory crackdown: quantitative trading. On Tuesday, Securities Daily published a commentary taking aim the industry titled “A Neutral View of Quantitative Trading: Swiftly Formulate a Regulatory Framework.” Some context: Daily turnover on China’s main…

State media has found another target for the regulatory crackdown: quantitative trading.
On Tuesday, Securities Daily published a commentary taking aim the industry titled "A Neutral View of Quantitative Trading: Swiftly Formulate a Regulatory Framework."
Some context: Daily turnover on China’s main...

sources

Bloomberg: China State Media Calls for Regulation Over Quantitative Trading

Securities Daily: 中性看待量化交易适时制定监管框架

September 8, 2021

Everybody chill

At a Tuesday State Council presser, People’s Bank of China (PBoC) vice governor Sun Guofeng reassured reporters that there’s no upcoming liquidity crunch. A bunch of context: A host of potential liquidity drains are looming. End Q3 means banks will clean up their books to meet the PBoC’s cash holdi…

At a Tuesday State Council presser, People’s Bank of China (PBoC) vice governor Sun Guofeng reassured reporters that there’s no upcoming liquidity crunch.
A bunch of context: A host of potential liquidity drains are looming.

End Q3 means banks will clean up their books to meet the PBoC’s cash holdi...

sources

Gov.cn: 国务院政策例行吹风会“支持中小微企业发展工作有关情况”文字实录

Caixin: 央行：不存在较大基础货币缺口降准充分满足流动性需求

September 8, 2021

Party’s loving message keeps coming

We treasure you just as much as state-owned firms. On Wednesday, the People’s Daily published a front-page editorial reassuring private companies that the Party still has their back. Some context: The ongoing tech crackdown and new push for common prosperity have seriously scared China’s private com…

We treasure you just as much as state-owned firms.
On Wednesday, the People’s Daily published a front-page editorial reassuring private companies that the Party still has their back.
Some context: The ongoing tech crackdown and new push for common prosperity have seriously scared China's private com...

sources

People's Daily: 坚持监管规范和促进发展两手并重、两手都要硬

September 8, 2021

The coke choke

A secret recipe in the coke plan? On Friday, the Ministry of Ecology and Environment (MEE) published a draft of its new efforts to cut coke emissions. Some context: Typically refined from coal, coke is a key fuel in steelmaking, which accounts for around 15% of China’s annual carbon emissions. Coki…

A secret recipe in the coke plan?
On Friday, the Ministry of Ecology and Environment (MEE) published a draft of its new efforts to cut coke emissions.
Some context: Typically refined from coal, coke is a key fuel in steelmaking, which accounts for around 15% of China's annual carbon emissions.

Coki...

sources

Yicai: 涉及9省区550多家企业，焦化业酝酿排放新规

MEE: 关于征求国家标准《炼焦化学工业大气污染物排放标准》（征求意见稿）意见的通知

September 8, 2021

Mario and Luixi

That’s amore? On Tuesday, Xi Jinping rang up Italian Prime Minister Mario Draghi for a heart to heart. As per usual, Xi proffered a positive message of cooperation, calling on the two countries to (Xinhua): “[S]afeguard China-Italy friendship…and set an example for developing the relationship betwe…

“[S]afeguard China-Italy friendship…and set an example for developing the relationship betwe...

sources

Xinhua: Xi says China, Italy should strengthen cooperation in winter sports, industries

SCMP: US more important ally for Italy than China, foreign minister says

September 8, 2021

To bribe or not to bribe

That is no longer the question. The Party’s anti-corruption watchdog (CCDI) made this clear on Wednesday, when it issued new opinions to plug holes in bribery supervision. ICYMI: Xi Jinping’s campaign to root out corruption in the Party-state apparatus has been the widest-ranging, longest-lasting in…

That is no longer the question.
The Party's anti-corruption watchdog (CCDI) made this clear on Wednesday, when it issued new opinions to plug holes in bribery supervision.
ICYMI: Xi Jinping's campaign to root out corruption in the Party-state apparatus has been the widest-ranging, longest-lasting in...

sources

CCDI: 中央纪委国家监委会同有关单位联合印发《关于进一步推进受贿行贿一起查的意见》　

September 8, 2021

Tencent splits WeChat users by phone number’s nationality

Tencent is trying to more clearly segment its Chinese user bases from its international user base to make compliance with emerging data laws easier. Today, SCMP reported that Tencent is requiring users with Chinese phone numbers to use the Chinese version of WeChat, and users with international num…

Tencent is trying to more clearly segment its Chinese user bases from its international user base to make compliance with emerging data laws easier.
Today, SCMP reported that Tencent is requiring users with Chinese phone numbers to use the Chinese version of WeChat, and users with international num...

sources

SCMP: Tencent draws a line between WeChat and Weixin, telling users to choose as China’s strict new data laws come into effect

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