string(13) "markets-macro"

Macro

September 1, 2021

No kids, don’t care

Today, Chinese gaming giant Netease said on an earning’s call that the new restrictions on underage gamers wouldn’t do much damage to the company’s bottom line. The key quote: “Less than 1% of our revenue actually comes from minors.” That’s funny — Giant Network, another online game developer, sai… Username Password Remember Me … Read More »

Today, Chinese gaming giant Netease said on an earning’s call that the new restrictions on underage gamers wouldn’t do much damage to the company’s bottom line.
The key quote: “Less than 1% of our revenue actually comes from minors.”
That’s funny — Giant Network, another online game developer, sai...

sources

Seeking Alpha: NetEase CEO William Ding on Q2 2021 Results

September 1, 2021

Hey! You! Get onto my cloud

Ooh, hot censored gossip – our favorite kind. On Friday, the Tianjin branch of the State-owned Assets Supervision and Administration Commission (SASAC) issued a directive ordering Tianjin government agencies and SOEs to move their services off public cloud providers – such as those offered by AliClo…

Ooh, hot censored gossip – our favorite kind.
On Friday, the Tianjin branch of the State-owned Assets Supervision and Administration Commission (SASAC) issued a directive ordering Tianjin government agencies and SOEs to move their services off public cloud providers – such as those offered by AliClo...

sources

Shenzhen Business News: “国资云”来了！哪些公司迎来利好？大厂要凉？券商这么说

SCMP: Data security law: China orders state firms to migrate to government cloud services

September 1, 2021

New rules for local AMCs

Beijing is reportedly on the verge of rolling out new rules for local asset management companies (AMCs) (21st Century Biz). The headline: The draft measures mandate that at least 25% of local AMCs’ deployed funds must be used to acquire nonperforming assets (NPAs) from financial institutions. That’s…

Beijing is reportedly on the verge of rolling out new rules for local asset management companies (AMCs) (21st Century Biz).
The headline: The draft measures mandate that at least 25% of local AMCs' deployed funds must be used to acquire nonperforming assets (NPAs) from financial institutions.
That's...

sources

21st Century Biz: 地方AMC或明确监管要求：新增金融不良投资占比不低于25%

September 1, 2021

Fund better.

On Monday, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), delivered a speech at a members’ meeting of the Asset Management Association of China (AMAC). Some context: AMAC is an industry association tasked with establishing standards for China’s thousands of registered priv…

On Monday, Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC), delivered a speech at a members' meeting of the Asset Management Association of China (AMAC).
Some context: AMAC is an industry association tasked with establishing standards for China’s thousands of registered priv...

sources

Reuters: China tightens scrutiny on $9.3 trillion fund industry

21st Century Biz: 重磅发声！证监会主席易会满：推进基金业高质量发展

September 1, 2021

CSRC to restrict overseas listings for cos with sensitive data

On Friday, the Wall Street Journal(WSJ) scooped that the China Securities Regulatory Commission (CSRC) is prepping new rules that would ban companies with sensitive consumer data from listing in the US. Some context: After a Chinese IPO bonanza in H1 2021, no Chinese company has listed in New York s…

On Friday, the Wall Street Journal(WSJ) scooped that the China Securities Regulatory Commission (CSRC) is prepping new rules that would ban companies with sensitive consumer data from listing in the US.
Some context: After a Chinese IPO bonanza in H1 2021, no Chinese company has listed in New York s...

sources

WSJ: China Plans to Ban U.S. IPOs for Data-Heavy Tech Firms

Bloomberg: SEC to Demand All China Firms Say More About Investor Risks

September 1, 2021

Huarong looking for more investors

On Monday, Reuters reported that China Huarong Asset Management Co. is in talks with potential new strategic investors alongside the consortium responsible for its bailout. It’s reportedly a mixed group: Speaking on an earnings call with investors and analysts, Huarong President Wang Zhanfeng said …

Speaking on an earnings call with investors and analysts, Huarong President Wang Zhanfeng said ...

sources

The Paper: ：战略投资者尽调工作平稳推进，未来或有新战投加入

Bloomberg: Inside the Huarong Bailout That Rocked China’s Financial Elite

Reuters: China Huarong in talks with investors after $16 bln loss

September 1, 2021

More reservations

On Monday, Xi Jinping chaired a meeting of the Central Committee for Comprehensive Deepening Reform (CCCDR). Some context: The CCCDR was established as part of the broad institutional reforms that took place in March 2018. It’s the Party’s most important policymaking body. The meeting’s readout ha…

On Monday, Xi Jinping chaired a meeting of the Central Committee for Comprehensive Deepening Reform (CCCDR).
Some context: The CCCDR was established as part of the broad institutional reforms that took place in March 2018.

It’s the Party’s most important policymaking body.

The meeting’s readout ha...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第二十一次会议

September 1, 2021

Go outside and play!

On Monday, the Fun Police decided that children would be allowed only three hours of online gaming each week. The new time limit on gaming was laid out in a notice by the National Press and Publication Administration, saying that: Online gaming platforms will be required to only allow minors to pla…

On Monday, the Fun Police decided that children would be allowed only three hours of online gaming each week.
The new time limit on gaming was laid out in a notice by the National Press and Publication Administration, saying that:

Online gaming platforms will be required to only allow minors to pla...

sources

Xinhua: 关于进一步严格管理切实防止未成年人沉迷网络游戏的通知

Bloomberg: China Slashes Kids’ Gaming Time to Just Three Hours a Week

September 1, 2021

Share better

On Monday, the State Administration of Market Regulation (SAMR) gave an update on its increased oversight over China’s sharing economy. ICYMI: On June 3, SAMR told eight large sharing companies – including Hellobike and Meituan – that their prices are too high. SAMR appears mostly pleased with the …

On Monday, the State Administration of Market Regulation (SAMR) gave an update on its increased oversight over China’s sharing economy.
ICYMI: On June 3, SAMR told eight large sharing companies – including Hellobike and Meituan – that their prices are too high.
SAMR appears mostly pleased with the ...

sources

Yicai: 市场监管总局加大行政指导力度切实维护共享消费领域价格竞争秩序

Reuters: China's market regulator to tighten oversight of sharing economy

September 1, 2021

Evergrande gets real

Things are looking pretty bleak for China Evergrande Group. On Tuesday, the heavily indebted developer published its H1 earnings. The earnings report laid out some home truths: “The group has risks of defaults on borrowings and cases of litigation outside of its normal course of business.” “Shareho…

Things are looking pretty bleak for China Evergrande Group.
On Tuesday, the heavily indebted developer published its H1 earnings.
The earnings report laid out some home truths:

“The group has risks of defaults on borrowings and cases of litigation outside of its normal course of business.”
“Shareho...

sources

HKEX: Announcement Of Unaudited Interim Results For The Six Months Ended 30 June 2021

Bloomberg: Evergrande Flags Default Risk From Cash Crunch; Bonds Fall

September 1, 2021

OneSmart Education to to delist from NYSE

On Tuesday, Caixin scooped that OneSmart International Education Group Ltd. (NYSE: ONE) declared its intention to delist from the New York Stock Exchange. Some context: On July 24, the Party Central Committee and the State Council released regulatory guidelines that required all existing education c…

On Tuesday, Caixin scooped that OneSmart International Education Group Ltd. (NYSE: ONE) declared its intention to delist from the New York Stock Exchange.
Some context: On July 24, the Party Central Committee and the State Council released regulatory guidelines that required all existing education c...

sources

Caixin: 巨人教育宣布倒闭股东精锐教育拟于美股退市

September 1, 2021

Guangxi to slash metal production

On Monday, Bloomberg reported Guangxi – a major metals producer – will cut output of key metals this year to comply with national environmental targets. ICYMI: On August 26, Executive Vice Premier Han Zheng called a high-level meeting to admonish officials to curb the development of high-energy-cons…

On Monday, Bloomberg reported Guangxi – a major metals producer – will cut output of key metals this year to comply with national environmental targets.
ICYMI: On August 26, Executive Vice Premier Han Zheng called a high-level meeting to admonish officials to curb the development of high-energy-cons...

sources

Bloomberg: Key Chinese Metals Hub to Curb Output to Save Power, Cut Carbon

Bloomberg: Aluminum Hits 10-Year High as Demand Roars, China Supply Curbed

Shanghai Securities News: 国家物资储备调节中心：投放第三批7万吨国家储备铝、5万吨国家储备锌、3万吨国家储备铜

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162