string(13) "markets-macro"

Macro

August 24, 2021

Count better

On Monday, the State Council issued a new policy doc aimed at cracking down on financial fraud and stepping up supervision over the accounting industry. The doc’s riveting title: Opinions on Standardizing Financial Auditing and Promoting the Healthy Development of the Accounting Industry. Firms that… Username Password Remember Me Forgot Password

On Monday, the State Council issued a new policy doc aimed at cracking down on financial fraud and stepping up supervision over the accounting industry.
The doc’s riveting title: Opinions on Standardizing Financial Auditing and Promoting the Healthy Development of the Accounting Industry.
Firms that...

sources

Gov.cn: 国务院办公厅关于进一步规范财务审计秩序促进注册会计师行业健康发展的意见

Yicai: 重磅！严打财务造假，注会行业迎来首个国字号规范文件

August 23, 2021

Inspection time!

On Friday, the 30th session of the 13th National People’s Congress Standing Committee (NPCSC) concluded in Beijing. All told, the NPCSC adopted four new laws: The Personal Information Protection Law The Legal Aid Law The Physicians Law The Supervision Officials Law We think all of these are pretty…

On Friday, the 30th session of the 13th National People’s Congress Standing Committee (NPCSC) concluded in Beijing.
All told, the NPCSC adopted four new laws:

The Personal Information Protection Law
The Legal Aid Law
The Physicians Law
The Supervision Officials Law

We think all of these are pretty...

sources

SCMP: China moves to give anti-corruption inspectors new powers

Xinhua: 聚焦监察官法五大看点

August 23, 2021

De-stressing the grassroots

On Friday, Politburo member and Xi Jinping’s chief-of-staff Ding Xuexiang chaired a meeting of the Party’s special working mechanism for rectifying formalism and alleviating burdens on the grassroots. Translation: The Party is looking to cut lower-level cadres some slack. How will they do that? By r…

On Friday, Politburo member and Xi Jinping’s chief-of-staff Ding Xuexiang chaired a meeting of the Party's special working mechanism for rectifying formalism and alleviating burdens on the grassroots.
Translation: The Party is looking to cut lower-level cadres some slack.
How will they do that?
By r...

sources

The Paper: 中央层面整治形式主义为基层减负专项工作机制会议在京举行

Xinhua: China urges rectifying formalism and reducing burden on grassroots

SCMP: Follow the boss: can China’s Communist Party ignite initiative in its grass-roots cadres?

August 23, 2021

PIPL text released!

And now for something completely different… As you are no doubt sick of hearing, last Friday, the National People’s Congress passed China’s landmark Personal Information Protection Law (PIPL). The law will come into effect on November 1 this year. Since the full text was not released until l…

And now for something completely different...
As you are no doubt sick of hearing, last Friday, the National People’s Congress passed China’s landmark Personal Information Protection Law (PIPL). The law will come into effect on November 1 this year.
Since the full text was not released until l...

sources

NPC: 中华人民共和国个人信息保护法

Digichina: Translation: Personal Information Protection Law of the People’s Republic of China – Effective Nov. 1, 2021

August 23, 2021

CSRC talks H2 priorities

On Friday, the China Securities Regulatory Commission (CSRC) held its mid-year meeting and outlined priorities for H2. Most of the CSRC’s to-do list will look familiar to regular readers. The regulator said it plans to: Continue the rollout of a market-wide registration-based IPO system Improve t…

On Friday, the China Securities Regulatory Commission (CSRC) held its mid-year meeting and outlined priorities for H2.

Most of the CSRC’s to-do list will look familiar to regular readers.

The regulator said it plans to:

Continue the rollout of a market-wide registration-based IPO system
Improve t...

sources

CSRC: 中国证监会召开2021年系统年中监管工作会议

August 23, 2021

Of local bondage

On Friday, 21st Century Biz reported some juicy tidbits on how the Ministry of Finance (MoF) is approaching local bond issuance. Some context: This week, MoF responded to suggestions from provincial delegates to the recently concluded 30th session of the 13th National People’s Congress Standing Comm…

On Friday, 21st Century Biz reported some juicy tidbits on how the Ministry of Finance (MoF) is approaching local bond issuance.
Some context: This week, MoF responded to suggestions from provincial delegates to the recently concluded 30th session of the 13th National People’s Congress Standing Comm...

sources

21st Century Biz: 关于地方债，财政部回复透露8大政策方向

August 23, 2021

A shipping shopping spree

China’s seaborne coal imports are on the rise from (almost) everywhere. Making headlines: Coal imports from South Africa are up a whopping 40-fold, y/y – though it started from a low base. Coal shipments from a bunch of major suppliers are also up markedly this year, including: Indonesia Russia Can…

China's seaborne coal imports are on the rise from (almost) everywhere.
Making headlines: Coal imports from South Africa are up a whopping 40-fold, y/y – though it started from a low base.
Coal shipments from a bunch of major suppliers are also up markedly this year, including:

Indonesia
Russia
Can...

sources

International Coal Network: 进口南非煤同比增加了40多倍

August 23, 2021

Personal protection

It’s the end of the beginning. On Friday, the National People’s Congress Standing Committee passed the Personal Information Protection Law (PIPL). It comes into force November 1. Some context: The PIPL comprehensively governs the handling of the data of individuals – things like phone …

It’s the end of the beginning.
On Friday, the National People’s Congress Standing Committee passed the Personal Information Protection Law (PIPL).

It comes into force November 1.

Some context: The PIPL comprehensively governs the handling of the data of individuals – things like phone ...

sources

NPC: 中华人民共和国个人信息保护法

August 23, 2021

Delta under control

That was fast. Tough responses by authorities nationwide have brought Delta-variant infections under control. On Sunday, China reported zero new locally transmitted COVID-19 cases (NHC). This is the first day of zero infections since this round of flare-ups started in Nanjing in mid-July. The outb…

That was fast.
Tough responses by authorities nationwide have brought Delta-variant infections under control.
On Sunday, China reported zero new locally transmitted COVID-19 cases (NHC).

This is the first day of zero infections since this round of flare-ups started in Nanjing in mid-July.

The outb...

sources

The Paper: 多家航司回应“南京机场重新开售机票”：须以机场消息为准

Sina: 8月19日江苏94个高速公路收费站出入口单向或双向暂时关闭

NHC: 截至8月22日24时新型冠状病毒肺炎疫情最新情况

Bloomberg: China Hits Zero Covid Cases With A Month Of Draconian Curbs

August 23, 2021

Delivering on development

It’s high time to share the love. Beijing wants rural businesses and consumers to benefit from lightning fast logistics. On Friday, the State Council issued a policy document calling to speed up construction of rural delivery and logistics systems. It targets building a “safe, efficient, and …

It's high time to share the love.
Beijing wants rural businesses and consumers to benefit from lightning fast logistics.
On Friday, the State Council issued a policy document calling to speed up construction of rural delivery and logistics systems.

It targets building a "safe, efficient, and ...

sources

Gov.cn: 国务院办公厅印发《关于加快农村寄递物流体系建设的意见》

Gov.cn: 国务院办公厅关于加快农村寄递物流体系建设的意见

August 23, 2021

Inner Moncoalia

On Friday, coal industry media reported that Inner Mongolia had introduced the “strongest coal production increase measures in history.” Some context: At a State Council meeting on August 16, Li Keqiang called to ramp up efforts to stabilize commodity prices and expand domestic production of key raw…

On Friday, coal industry media reported that Inner Mongolia had introduced the "strongest coal production increase measures in history."
Some context: At a State Council meeting on August 16, Li Keqiang called to ramp up efforts to stabilize commodity prices and expand domestic production of key raw...

sources

International Coal Network: 内蒙古出台史上最强煤炭增产措施

August 23, 2021

BlackRock CCB to launch first mainland product

On Wednesday, BlackRock CCB Wealth Management Ltd., announced that it would offer its first public-facing investment product at the end of the month. Some context: In May, BlackRock secured China Banking and Insurance Regulatory Commission (CBIRC) approval to start operating its majority-held joint …

On Wednesday, BlackRock CCB Wealth Management Ltd., announced that it would offer its first public-facing investment product at the end of the month.
Some context: In May, BlackRock secured China Banking and Insurance Regulatory Commission (CBIRC) approval to start operating its majority-held joint ...

sources

Caixin: 贝莱德首只公募产品获批定位混合型权益基金

Sohu: 外来的和尚要念经了！贝莱德建信首只产品即将亮相，高净值客户们会感兴趣？

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