string(13) "markets-macro"

Macro

August 19, 2021

NPC releases updates to the PIPL to help flow of data

The National People’s Congress is such a tease. Today, the NPC released a slightly longer sneak peek at new updates to the soon-to-be-released Personal Information Protection Law (PIPL). None of the new info substantially changes anything we already knew, but quick recap – the most interesting … Username Password Remember Me Forgot Password

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NPC: 个人信息保护法草案三审稿提请审议对大数据杀熟等作出针对性规范

August 19, 2021

Go along to get along in the Zhongdong

On Wednesday, Xi Jinping indulged in one of his favorite hobbies: Sending warm messages of brotherly cooperation to foreign leaders. First, Xi called Iranian President Ebrahim Raisi to commemorate the 50th anniversary of Iran-China ties, noting that (Xinhua 1): “In the face of a complicated situati…

On Wednesday, Xi Jinping indulged in one of his favorite hobbies: Sending warm messages of brotherly cooperation to foreign leaders.
First, Xi called Iranian President Ebrahim Raisi to commemorate the 50th anniversary of Iran-China ties, noting that (Xinhua 1):

"In the face of a complicated situati...

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Xinhua: Xi calls for steady development of China-Iran partnership

Xinhua: Xi says China to expand cooperation with Iraq

August 19, 2021

Rooftop (of the world) party

Spirits were high in Lhasa on Thursday. At least officially. The city hosted a ceremony to celebrate the 70th anniversary of the “peaceful liberation” of Tibet. In attendance: Politburo member Wang Yang. Chairman of the political advisory body (CPPCC), Wang is also China’s top official overseeing m…

Spirits were high in Lhasa on Thursday. At least officially.
The city hosted a ceremony to celebrate the 70th anniversary of the "peaceful liberation" of Tibet.
In attendance: Politburo member Wang Yang.

Chairman of the political advisory body (CPPCC), Wang is also China's top official overseeing m...

sources

Xinhua: 汪洋率中央代表团飞抵拉萨出席西藏和平解放70周年庆祝活动　参观西藏和平解放70周年成就展　亲切看望白玛赤林、帕巴拉·格列朗杰等

Xinhua: China holds celebration of 70th anniversary of Tibet's peaceful liberation

August 19, 2021

Li’s got your back

On Wednesday, Premier Li Keqiang traveled to Henan province. The reason: To inspect recovery efforts from catastrophic flooding in late July. In Henan, he visited: Zhengzhou’s subway line five, where lives were lost in a flash flood Weihui county, where reconstruction of the Weihe dyke is underway…

On Wednesday, Premier Li Keqiang traveled to Henan province.
The reason: To inspect recovery efforts from catastrophic flooding in late July.
In Henan, he visited:

Zhengzhou’s subway line five, where lives were lost in a flash flood
Weihui county, where reconstruction of the Weihe dyke is underway...

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Gov.cn: 李克强看望河南滞洪区受灾群众

Gov.cn: 李克强来到河南省卫辉市，考察卫河决口堤段修复进展情况

Gov.cn: 李克强来到郑州地铁5号线受灾现场说了什么

August 19, 2021

Shandong hits the gas pedal

On Wednesday, industry media reported on Shandong province’s record oil and gas exploration and development during H1 2021. During the first half, Shandong: Added 735 wells Produced 17.4 million tons of crude oil Produced 980 million cubic meters of natural gas Some context: Shandong’s provincial …

On Wednesday, industry media reported on Shandong province's record oil and gas exploration and development during H1 2021.
During the first half, Shandong:

Added 735 wells
Produced 17.4 million tons of crude oil
Produced 980 million cubic meters of natural gas

Some context: Shandong's provincial ...

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China Petroleum and Chemical Industry Association: 山东上半年油气勘探开发再创新高

August 19, 2021

MIIT dings 43 apps for misconduct

Here we go again! On Wednesday, the Ministry of Industry and Information Technology (MIIT) named and shamed 43 apps for illegal data collection and pop-ups. This is the 17th list that the MIIT has published in the past two years. Some context: In late 2019, the MIIT kicked off a campaign to…

Here we go again!
On Wednesday, the Ministry of Industry and Information Technology (MIIT) named and shamed 43 apps for illegal data collection and pop-ups.

This is the 17th list that the MIIT has published in the past two years.

Some context: In late 2019, the MIIT kicked off a campaign to...

sources

Caixin: 工信部点名微信、携程等43款违规App整改不彻底

MIIT: 关于APP违规调用通信录、位置信息以及开屏弹窗骚扰用户等问题“回头看”的通报（2021年第8批，总第17批）

August 19, 2021

Corporate bonds in regulators’ sights

On Wednesday, the People’s Bank of China (PBoC) together with five other financial regulators jointly issued a notice on how they intend to improve the quality of China’s corporate bond market. The notice – entitled “Guiding Opinions on Promoting the Reform and Opening Up of the Corporate Bond Marke…

On Wednesday, the People’s Bank of China (PBoC) together with five other financial regulators jointly issued a notice on how they intend to improve the quality of China’s corporate bond market.
The notice – entitled "Guiding Opinions on Promoting the Reform and Opening Up of the Corporate Bond Marke...

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PBoC: 人民银行发展改革委财政部银保监会证监会外汇局联合发布《关于推动公司信用类债券市场改革开放高质量发展的指导意见》

August 19, 2021

Huarong’s bailout arrives

After months of speculation, China Huarong Asset Management Co. has secured a rescue. On Wednesday, Huarong said that it will sell new shares to five strategic investors, pending regulatory approval. Huarong said that if the deal goes through (HKEX 2): “It will effectively replenish the company’s c…

After months of speculation, China Huarong Asset Management Co. has secured a rescue.
On Wednesday, Huarong said that it will sell new shares to five strategic investors, pending regulatory approval.
Huarong said that if the deal goes through (HKEX 2):

“It will effectively replenish the company’s c...

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HKEX: Profit warning

HKEX: Inside information potential strategic investment

Bloomberg: China Plans $7 Billion Huarong Recapitalization Led by Citic

August 19, 2021

Model socialist dispute resolution

On Wednesday, the Shenzhen Municipal Committee for Deepening Reform issued a plan to establish an international securities arbitration center in the city. The Shenzhen Court of Securities Arbitration will be a branch of the Shenzhen Court of International Arbitration. Some context: Last year, the …

On Wednesday, the Shenzhen Municipal Committee for Deepening Reform issued a plan to establish an international securities arbitration center in the city.

The Shenzhen Court of Securities Arbitration will be a branch of the Shenzhen Court of International Arbitration.

Some context: Last year, the ...

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Caixin: 首家证券仲裁中心落户深圳面向全球开放

Gov.cn: 深圳建设中国特色社会主义先行示范区综合改革试点首批授权事项清单

August 19, 2021

Read my lips: no new stimulus

On Wednesday, the Chinese Academy of Fiscal Sciences (CAFS) published its annual blue book on China’s fiscal policy. Some context: CAFS is the Ministry of Finance’s think tank, so its pronouncements are a good indicator of the prevailing view in Beijing. In discussing the book, CAFS President Liu Sh…

On Wednesday, the Chinese Academy of Fiscal Sciences (CAFS) published its annual blue book on China’s fiscal policy.
Some context: CAFS is the Ministry of Finance’s think tank, so its pronouncements are a good indicator of the prevailing view in Beijing.
In discussing the book, CAFS President Liu Sh...

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China News: 中国财政政策研究报告：对冲风险稳定预期

SCMP: China post-coronavirus recovery must be ‘effective and sustainable’, with an eye on quality long-term risks

August 19, 2021

CAICT app development packages help SMEs with DSL and PIPL compliance

Also today in obscure-but-important government tech projects: CAICT has put together a suite of rather interesting services for mobile app developers. The backstory: Over the past few months, CAICT conducted a survey to identify common pain points for mobile app developers, specifically issues that…

Also today in obscure-but-important government tech projects: CAICT has put together a suite of rather interesting services for mobile app developers.
The backstory: Over the past few months, CAICT conducted a survey to identify common pain points for mobile app developers, specifically issues that...

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CAICT: 中国信通院共建的“统一移动基础服务平台”上线

www.mobileservice.cn: Mobileservice.cn

August 19, 2021

Meituan fails to update market on anti-trust investigation

Reminder: Meituan is still under investigation for anti-trust violations. Background: Back in April, when anti-trust regulatory moves were going hot and heavy, the State Administration of Market Regulation launched a probe into the company for alleged forced exclusivity agreements. Today: As part …

Reminder: Meituan is still under investigation for anti-trust violations.
Background: Back in April, when anti-trust regulatory moves were going hot and heavy, the State Administration of Market Regulation launched a probe into the company for alleged forced exclusivity agreements.
Today: As part ...

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Sina: 美团：市场监管总局有关调查仍在进行或被处以高额罚款

SCMP: Meituan faces a big fine for antitrust violation, just like Alibaba, analysts say

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