string(13) "markets-macro"

Macro

August 12, 2021

No more tax incentives for big tech

On Wednesday, Caixin reported that some Internet companies will no longer enjoy preferential tax incentives. Some context: In China, software companies are entitled to a preferential tax rate of 10%, as long as they are identified as “Key Software Enterprises” (KSE). The standard corpor… Username Password Remember Me Forgot Password

On Wednesday, Caixin reported that some Internet companies will no longer enjoy preferential tax incentives.
Some context: In China, software companies are entitled to a preferential tax rate of 10%, as long as they are identified as “Key Software Enterprises” (KSE).

The standard corpor...

sources

Caixin: 重点软件企业标准调整部分互联网平台或难再享税收优惠

Bloomberg: Alibaba Warns of Higher Taxes as China Crackdown Widens

August 12, 2021

CBIRC tells online insurers to get their act together

On Wednesday, the China Banking and Insurance Regulatory Commission (CBIRC) issued the Notice on Carrying Out the Rectification of the Online Insurance Industry. Some context: The online insurance industry has boomed in recent years – with no signs of stopping. According to a CBIRC official, China’…

On Wednesday, the China Banking and Insurance Regulatory Commission (CBIRC) issued the Notice on Carrying Out the Rectification of the Online Insurance Industry.
Some context: The online insurance industry has boomed in recent years – with no signs of stopping.

According to a CBIRC official, China’...

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Caixin: 互联网保险遭遇监管整治强手段迎战老问题

Bloomberg: China Regulators Go After Online Insurance in Widening Crackdown

Sina: 监管拟专项整治互联网保险乱象包括销售误导、强制搭售等问题

August 11, 2021

KaraNOTok

Just. Imagine. This. Cultural tsar Hu Heping rushing into your local KTV joint to strip the microphone from a full-bellied man halfway through Big Bowl Thick Noodle, by the recently detained and disgraced Kris Wu. At least that’s one scene we envisioned after reading about the Ministry of Culture a…

Just. Imagine. This.
Cultural tsar Hu Heping rushing into your local KTV joint to strip the microphone from a full-bellied man halfway through Big Bowl Thick Noodle, by the recently detained and disgraced Kris Wu.

At least that’s one scene we envisioned after reading about the Ministry of Culture a...

sources

The Paper: 文旅部：建立全国卡拉OK音乐违规曲目清单制度

August 11, 2021

A paper (less) tiger

Get excited! Just don’t print this e-mail. Party journal China Comment took a look at the status of the government’s paperless office campaign. Some context: China Comment is a publication under Xinhua. It provides bottom-up intelligence to top-level policymakers. More context: The central governme…

Get excited! Just don't print this e-mail.
Party journal China Comment took a look at the status of the government’s paperless office campaign.
Some context: China Comment is a publication under Xinhua. It provides bottom-up intelligence to top-level policymakers.
More context: The central governme...

sources

China Comment: 走完电子版，再报纸质版无纸化办公致工作量翻倍？

August 11, 2021

Guangdong issues 14th FYP for high-end manufacturing

On Monday, the Guangdong provincial government dropped the 14th five-year plan (FYP) for boosting high-quality manufacturing in the province. Some context: China’s leadership has long sought to move the domestic manufacturing sector up in the value chain. Developing high-end manufacturing was…

On Monday, the Guangdong provincial government dropped the 14th five-year plan (FYP) for boosting high-quality manufacturing in the province.
Some context: China's leadership has long sought to move the domestic manufacturing sector up in the value chain.

Developing high-end manufacturing was...

sources

Gov.cn: 广东省人民政府关于印发广东省制造业高质量发展“十四五”规划的通知

Gov.cn: 《广东省制造业高质量发展“十四五”规划》解读

August 11, 2021

PBoC drops 2Q monetary policy report

On Monday, the People’s Bank of China (PBoC) issued its 2Q Monetary Policy Report. As always, the report ends with a summary of the central banks’ policy priorities, which we bring to you today in small bite sized form. The PBoC said that it will: Ensure monetary policy continues to be flexible, pr…

On Monday, the People’s Bank of China (PBoC) issued its 2Q Monetary Policy Report.
As always, the report ends with a summary of the central banks’ policy priorities, which we bring to you today in small bite sized form.
The PBoC said that it will:

Ensure monetary policy continues to be flexible, pr...

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PBoC: 中国货币政策执行报告2021 年第二季度

August 11, 2021

New medical data security measures coming

We told you so. On Wednesday, state-owned media Economic Information Daily (EID) said that new regulations for health data are in the works, citing unnamed sources: “Measures on network information security for medical institutions is being drafted and will come out soon.” Some context: Recently, …

We told you so.
On Wednesday, state-owned media Economic Information Daily (EID) said that new regulations for health data are in the works, citing unnamed sources:

“Measures on network information security for medical institutions is being drafted and will come out soon.”

Some context: Recently, ...

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Economic Information Daily: 全国医疗机构网络信息安全管理办法将出台

August 11, 2021

Potential energy

Feel the (tough) love. The energy storage industry looks set for some serious support. On Tuesday, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) provided details on how they plan to push renewable power generators to expand energy storage capacity…

Feel the (tough) love. The energy storage industry looks set for some serious support.
On Tuesday, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) provided details on how they plan to push renewable power generators to expand energy storage capacity...

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NDRC: 关于鼓励可再生能源发电企业自建或购买调峰能力增加并网规模的通知

Reuters: UPDATE 1-China to encourage power plants to add storage, peak-shaving units

August 11, 2021

It’s free real estate

Last Thursday, the Zhuhai Municipal Justice Bureau published a document outlining key differences between the legal systems of Macau and the mainland. Why might that interest me? There’s a rumor buzzing around. Namely, that the Zhuhai government may be about to cede to Macau full or partial adminis…

Namely, that the Zhuhai government may be about to cede to Macau full or partial adminis...

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Caixin: 横琴粤澳深度合作区呼之欲出珠海首次汇编澳门法律

Inside Asian Gaming: Beijing said to be eyeing administrative handover of Hengqin to Macau

Macau Trade and Investment Promotion Institute: Welcome to Hengqin New Area

SCMP: What if Macau is ‘gifted’ Chinese island of Hengqin, where some of the big casino names already own land, as reports suggest?

August 11, 2021

Beijing blocks the bulldozers

On Tuesday, the Ministry of Housing and Urban-Rural Development (MoHURD) issued a draft policy document on improving urban renewal. It looks to stop localities from bashing down old neighborhoods and haphazardly relocating residents during the course of urban renewal projects. The draft docu…

On Tuesday, the Ministry of Housing and Urban-Rural Development (MoHURD) issued a draft policy document on improving urban renewal.

It looks to stop localities from bashing down old neighborhoods and haphazardly relocating residents during the course of urban renewal projects.

The draft docu...

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21st Century Biz: 住建部：严控城市更新大拆大建确保住房租赁市场平稳

MoHURD: 住房和城乡建设部就《关于在实施城市更新行动中防止大拆大建问题的通知（征求意见稿）》公开征求意见的通知

August 11, 2021

A second bite of the cherry

On Sunday, The Paper reported that the province of Inner Mongolia intends to issue a second batch of special purpose bonds (SPBs) to recapitalize its local banks. Under the plan, the province will issue RMB 7.7 billion worth of SPBs to supplement the capital of one city commercial bank, four rural …

On Sunday, The Paper reported that the province of Inner Mongolia intends to issue a second batch of special purpose bonds (SPBs) to recapitalize its local banks.

Under the plan, the province will issue RMB 7.7 billion worth of SPBs to supplement the capital of one city commercial bank, four rural ...

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The Paper: 内蒙古再发77亿中小银行专项债，注资8家农信机构及乌海银行

August 11, 2021

Slow credit growth, party of 10

On Tuesday, Caixin scooped the names of the 10 provinces slated to get extra funding under the central bank’s (PBoC’s) new relending quota. ICYMI: Yesterday, we dished on the PBoC’s plan to increase its relending quota by RMB 200 billion – and its directive to channel the excess funding into support…

On Tuesday, Caixin scooped the names of the 10 provinces slated to get extra funding under the central bank’s (PBoC’s) new relending quota.
ICYMI: Yesterday, we dished on the PBoC’s plan to increase its relending quota by RMB 200 billion – and its directive to channel the excess funding into support...

sources

Caixin: 央行2000亿元再贷款支持区域协调发展涉及哪十省份?

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