string(13) "markets-macro"

Macro

August 11, 2021

Becoming a little less grande

On Tuesday, China Evergrande Group said that it’s in talks to sell some of its assets. In a statement posted on the Hong Kong stock exchange, Evergrande said that it was: “In discussions with several independent third party investors.” Some context: In recent months, Evergrande has struggled to pa… Username Password Remember Me … Read More »

On Tuesday, China Evergrande Group said that it’s in talks to sell some of its assets.
In a statement posted on the Hong Kong stock exchange, Evergrande said that it was:

“In discussions with several independent third party investors.”

Some context: In recent months, Evergrande has struggled to pa...

sources

HKEX: Unusual price and trading volume movements

August 10, 2021

Time to change the COVID thinking?

COVID-19 infections are still on the rise in China. On Monday, China reported (NHC 1): 108 new domestically transmitted symptomatic infections, up from 94 on Sunday 20 new domestically transmitted asymptomatic infections, up from eight on Sunday Meanwhile, vaccination has slowed (NHC 2): Last wee…

COVID-19 infections are still on the rise in China.
On Monday, China reported (NHC 1):

108 new domestically transmitted symptomatic infections, up from 94 on Sunday
20 new domestically transmitted asymptomatic infections, up from eight on Sunday

Meanwhile, vaccination has slowed (NHC 2):

Last wee...

sources

NHC: 新冠病毒疫苗接种情况

STNN News: 冯子健：新冠流感化明年很晚的时候都未必能做到

Caixin Blog: 访谈｜德尔塔突变株会改变 “清零” 防控策略吗？

21st Century Biz: 独家专访中疾控专家冯子健：我国离免疫屏障有多远？疫苗保护效力有多久？

Bloomberg: China’s Covid-Zero Strategy Risks Leaving It Isolated for Years

August 10, 2021

Taking chips off the table

The jitters surrounding China’s crackdown on tech companies are bleeding into other sectors. Case in point: China’s semiconductor stocks nosedived when markets opened on Monday morning. The trigger: An op-ed published by state broadcaster CCTV over the weekend. The op-ed praised a recent regulatory…

The jitters surrounding China's crackdown on tech companies are bleeding into other sectors.
Case in point: China's semiconductor stocks nosedived when markets opened on Monday morning.
The trigger: An op-ed published by state broadcaster CCTV over the weekend.

The op-ed praised a recent regulatory...

sources

Bloomberg: Chinese Chipmakers Slump as Beijing Sends Speculation Warning

CCTV: 央视财经热评丨“缺芯”不是“炒芯”的理由

August 10, 2021

Sinopec chairman CAST in new role

Convinced we weren’t gonna cover who took over the helm at the China Association for Science and Technology (CAST), after former chairman Huai Jinpeng got promoted to the education ministry last week? Bitch you thought. On August 2, Sinopec top dog Zhang Yuzhuo was appointed Party secretary of CAS…

Bitch you thought.

On August 2, Sinopec top dog Zhang Yuzhuo was appointed Party secretary of CAS...

August 10, 2021

Carbon footprint gradings

The Open Data Center Committee is calling for data centers to submit to voluntary grading of their carbon footprint. Low-carbon data center equipment providers can apply for grading as well, including providers of: Low-carbon server/storage and other IT equipment Low-carbon network equipment Low-ca…

Low-carbon server/storage and other IT equipment
Low-carbon network equipment
Low-ca...

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ODCC: ODCC“零碳算力共建计划” 邀请函数据中心低碳产品与解决方案

August 10, 2021

Ramping up data transaction sector

China’s data transaction services sector is about to ramp way up. What do we mean by “data transaction services?” Example: Company A wants to buy a data set to train their marketing algorithm to recommend better ads. Company B has just such a data set. Buuuut if Company B simply sells the data …

China’s data transaction services sector is about to ramp way up.
What do we mean by “data transaction services?” Example:

Company A wants to buy a data set to train their marketing algorithm to recommend better ads.
Company B has just such a data set.
Buuuut if Company B simply sells the data ...

sources

Jiemian: 《数据安全法》落地在即，一个万亿市场打开了

August 10, 2021

Brutal stories from edtech crackdown

The human interest angle of the edtech crackdown has started emerging – former employees are telling brutal stories: One story: “The company forced me to ‘voluntarily’ quit so I wouldn’t get access to severance. They said I can either leave on my own and receive my salary for August, or refuse…

The human interest angle of the edtech crackdown has started emerging - former employees are telling brutal stories:
One story: “The company forced me to ‘voluntarily’ quit so I wouldn’t get access to severance. They said I can either leave on my own and receive my salary for August, or refuse...

sources

Sina: 在线教育裁员众生相：失业的年轻人该如何“自救”？

August 10, 2021

The horrors of gaming addiction

A new report issued by the Communist Youth League (and some other orgs) takes aim at the effects of excessive mobile gaming on impressionable young minds. The report publishes the results of in-depth interviews with 103 parents whose kids are struggling. The report lists the negative effects of g…

A new report issued by the Communist Youth League (and some other orgs) takes aim at the effects of excessive mobile gaming on impressionable young minds.
The report publishes the results of in-depth interviews with 103 parents whose kids are struggling.

The report lists the negative effects of g...

sources

Sina: 解救“困在手机里”的年轻人

August 10, 2021

StanChart gets go ahead on mainland securities biz

On Friday, Standard Chartered (Hong Kong) Co. Ltd. received approval from the China Securities and Regulatory Commission (CSRC) to set up wholly foreign-owned securities firm on the mainland. ICYMI: StanChart first applied for the license back in October 2020. Though the CSRC hasn’t disclosed the ow…

On Friday, Standard Chartered (Hong Kong) Co. Ltd. received approval from the China Securities and Regulatory Commission (CSRC) to set up wholly foreign-owned securities firm on the mainland.
ICYMI: StanChart first applied for the license back in October 2020.
Though the CSRC hasn’t disclosed the ow...

sources

Caixin: 对外开放提速证监会受理渣打设立券商申请

EastMoney: 渣打证券（中国）设立申请获受理！谋求内地券商牌照再进一步

August 10, 2021

Relending boost for some provinces

On Monday, the People’s Bank of China (PBoC) issued its 2Q Monetary Policy Report. Most of the report’s content was business as usual. But this was new: The PBoC said that it would increase its relending quota by RMB 200 billion. Some context: Relending is where the PBoC provides banks with fundin…

On Monday, the People’s Bank of China (PBoC) issued its 2Q Monetary Policy Report.

Most of the report's content was business as usual.

But this was new: The PBoC said that it would increase its relending quota by RMB 200 billion.
Some context: Relending is where the PBoC provides banks with fundin...

sources

PBoC: 中国货币政策执行报告2021 年第二季度

August 10, 2021

Shanghai data regulations in the pipeline

On Monday, 21st Century Biz reported that the Shanghai city government will soon release new municipal data regulations to support the development of its digital economy. Among other things, the regulations will lay down some ground rules for what local state agencies should do with their data. So…

On Monday, 21st Century Biz reported that the Shanghai city government will soon release new municipal data regulations to support the development of its digital economy.

Among other things, the regulations will lay down some ground rules for what local state agencies should do with their data.

So...

sources

21st Century Biz: 独家丨上海市数据条例正研究公共数据授权运营，第三方数据服务机构将迎来新机遇

August 10, 2021

COVID déjà vu for China’s tourism industry

Well, this sucks. On Monday, 21st Century Biz scooped that Chinese travel agencies and hotels are facing steep declines in orders. The reason: COVID infections are climbing. Some context: Things were looking up early in the summer when Chinese citizens engaged in mass “revenge tourism” following tra…

Well, this sucks.
On Monday, 21st Century Biz scooped that Chinese travel agencies and hotels are facing steep declines in orders.
The reason: COVID infections are climbing.
Some context: Things were looking up early in the summer when Chinese citizens engaged in mass “revenge tourism” following tra...

sources

21st Century Biz: 疫情再次冲击旅游业：大批旅行社停止接单，旅游暑假“黄金期”夭折

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