string(13) "markets-macro"

Macro

August 10, 2021

Alibaba does too little, too late on sexual assault allegations

Hey big tech: KNOCK IT OFF. Over the weekend, a female Alibaba employee’s allegations that her supervisor sexually assaulted her on a business trip went viral on social media. She reported the incident to police and senior managers at the time, but alleges Ali didn’t remove her rapist from his pos… Username Password Remember Me… Read More »

Hey big tech: KNOCK IT OFF.
Over the weekend, a female Alibaba employee's allegations that her supervisor sexually assaulted her on a business trip went viral on social media.

She reported the incident to police and senior managers at the time, but alleges Ali didn't remove her rapist from his pos...

sources

WSJ: Sexual-Assault Allegation at Alibaba Triggers Outrage, Investigation

Weibo: CEO's public response

August 10, 2021

Un-build that wall

On Tuesday, Alibaba held its Q1 earnings call with investors. One particularly hot topic during the Q&A: Regulatory and compliance issues. In particular, investors want to know how companies plan to make regulators happy. That’s not surprising: The speed, scope, and ruthlessness…

On Tuesday, Alibaba held its Q1 earnings call with investors.
One particularly hot topic during the Q&A: Regulatory and compliance issues. In particular, investors want to know how companies plan to make regulators happy.
That's not surprising: The speed, scope, and ruthlessness...

sources

The Motley Fool: Alibaba Group Holding Ltd. (BABA) Q1 2022 Earnings Call Transcript

August 10, 2021

Space bikes! Coming to a delivery platform near you?

Can China’s Beidou satellite system help regulate the e-bike industry? That’s what a new pilot project aims to find out. On Sunday, the China Quality Certification Center and the Beidou Space-Time Research Institute joined forces with insurance companies and e-bike manufacturers to launch the “Smar…

Can China's Beidou satellite system help regulate the e-bike industry?
That's what a new pilot project aims to find out.
On Sunday, the China Quality Certification Center and the Beidou Space-Time Research Institute joined forces with insurance companies and e-bike manufacturers to launch the "Smar...

sources

The Paper: 智联电动自行车北斗应用示范工程启动：年内推出100万辆车

August 9, 2021

A fully foreign brokerage

FOR EXEC SUMMARY: JP Morgan cleared to assume 100% ownerships of China brokerage On Friday, Reuters reported that the China Securities Regulatory Commission (CSRC) has agreed to allow J.P. Morgan Securities (China) to become the first wholly foreign owned securities brokerage in China. The brokerag…

FOR EXEC SUMMARY: JP Morgan cleared to assume 100% ownerships of China brokerage
On Friday, Reuters reported that the China Securities Regulatory Commission (CSRC) has agreed to allow J.P. Morgan Securities (China) to become the first wholly foreign owned securities brokerage in China.

The brokerag...

sources

Reuters: JPMorgan gets Beijing's approval for first fully foreign-owned brokerage

August 9, 2021

Move slow and protect things

Regulators are serious about protecting the safety of delivery drivers. On Saturday, the Ministry of Emergency Management, police, and labor authorities convened a meeting on worker safety for delivery drivers. Meituan, Ele.me, Alibaba and others were in attendance. Some context: The wellbe…

Regulators are serious about protecting the safety of delivery drivers.
On Saturday, the Ministry of Emergency Management, police, and labor authorities convened a meeting on worker safety for delivery drivers.

Meituan, Ele.me, Alibaba and others were in attendance.

Some context: The wellbe...

sources

The Paper: 三部门：要求各平台经济企业牢固树立安全红线意识和底线思维

Sina: 外卖电动车为何能骑这么快？电动车主：改装后速度可翻倍

August 9, 2021

Won’t somebody please think of the children?

On Friday, Beijing’s Haidian District Procuratorate initiated a public interest lawsuit against Tencent’s WeChat. At issue: Claims that the app’s “youth mode” doesn’t comply with the Minor Protection Law (MPL). ICYMI: The MPL was just revised in June, with updates aimed at better protecting ki…

On Friday, Beijing’s Haidian District Procuratorate initiated a public interest lawsuit against Tencent’s WeChat.
At issue: Claims that the app’s "youth mode" doesn’t comply with the Minor Protection Law (MPL).
ICYMI: The MPL was just revised in June, with updates aimed at better protecting ki...

sources

WeChat: 微信视频号升级青少年模式，完善弹窗提示、时长限制等功能

Yicai: 海淀检察院就微信民事公益诉讼发公告，“青少年模式”漏洞在哪？

Gov.cn: 《中共中央关于加强新时代检察机关法律监督工作的意见》发布

August 9, 2021

The price of power

China’s power markets are a mess right now. A few prominent examples (Caixin 1): Guangdong experienced record low, near-zero bidding spreads in the first week of August. Shanxi saw spot market hikes as high as 134% of the local coal-fired benchmark price in July. The big winner here: The coal ind…

China's power markets are a mess right now.
A few prominent examples (Caixin 1):

Guangdong experienced record low, near-zero bidding spreads in the first week of August.
Shanxi saw spot market hikes as high as 134% of the local coal-fired benchmark price in July.

The big winner here: The coal ind...

sources

Caixin: 多地电力交易价格抬升电价现上浮压力

Caixin: 煤价高企上半年规模以上煤企利润总额倍增

August 9, 2021

Rate better

It’s long past time for China’s ratings agencies to get their acts together. That’s why on Friday, five regulators issued a notice aimed at improving the debt ratings industry. Some context: China’s credit ratings agencies have an abysmal reputation. Agencies have been caught taking taking bribes, …

It's long past time for China's ratings agencies to get their acts together.
That's why on Friday, five regulators issued a notice aimed at improving the debt ratings industry.
Some context: China’s credit ratings agencies have an abysmal reputation.

Agencies have been caught taking taking bribes, ...

sources

PBoC: 切实提升信用评级质量支持债券市场平稳健康发展

Caixin: 评级业高质量发展顶层设计出炉设一年过渡期

August 9, 2021

HNA units get restructuring extension

On Saturday, Caixin reported that the Hainan Provincial High Court granted an extension to HNA Group’s three listed subsidiaries to enable them to complete their restructuring plan. The three subsidiaries in question are Hainan Airlines Holding, Hainan Infrastructure Investment Group, and CCOOP Gro…

On Saturday, Caixin reported that the Hainan Provincial High Court granted an extension to HNA Group’s three listed subsidiaries to enable them to complete their restructuring plan.

The three subsidiaries in question are Hainan Airlines Holding, Hainan Infrastructure Investment Group, and CCOOP Gro...

sources

Caixin: 海航系三家上市公司重整延期

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