string(13) "markets-macro"

Macro

August 5, 2021

More help for trust NPLs

On Wednesday, Cailianshe reported that regulators are considering permitting local asset management companies (AMCs) to acquire distressed assets from trust companies. Some context: China has 58 local AMCs, financial institutions tasked with helping banks dispose of their nonperforming loans. Unlik… Username Password Remember Me Forgot Password

On Wednesday, Cailianshe reported that regulators are considering permitting local asset management companies (AMCs) to acquire distressed assets from trust companies.
Some context: China has 58 local AMCs, financial institutions tasked with helping banks dispose of their nonperforming loans.

Unlik...

sources

Cailianshe: 独家|地方AMC监管办法向业内征求意见信托风险资产处置、企业纾困拟纳入主营业务

August 4, 2021

The virus just keeps on coming

COVID-19 infection numbers are growing. On Tuesday, China reported (NHC): 71 new domestically transmitted symptomatic cases – up from 61 on Sunday. 15 new domestically transmitted asymptomatic cases – down from 23 on Sunday. Get this: The outbreak that started from Nanjing has now spread to 16 pro…

COVID-19 infection numbers are growing.
On Tuesday, China reported (NHC):

71 new domestically transmitted symptomatic cases – up from 61 on Sunday.
15 new domestically transmitted asymptomatic cases – down from 23 on Sunday.

Get this: The outbreak that started from Nanjing has now spread to 16 pro...

sources

NHC: 截至8月3日24时新型冠状病毒肺炎疫情最新情况

Jiangsu Government: 截至8月3日24时江苏新型冠状病毒肺炎疫情最新情况

Gov.cn: 湖南省新型冠状病毒肺炎疫情信息发布

Xinhua: 铁路部门：23个地区车站出发旅客限制进京

CCTV: 江苏省83个高速公路收费站出口或入口暂时关闭

Sina: 交通运输部：暂停中高风险地区城市跨城出租车网约车

August 4, 2021

SAMR probes auto chip price gouging

On Tuesday, the market regulator (SAMR) launched a probe into price gouging by auto chip distributors. Some context: The global shortage in auto chips has persisted since late last year, as carmakers were ill-prepared for the quick rebound in automobile demand after the pandemic. Carmakers ar…

On Tuesday, the market regulator (SAMR) launched a probe into price gouging by auto chip distributors.
Some context: The global shortage in auto chips has persisted since late last year, as carmakers were ill-prepared for the quick rebound in automobile demand after the pandemic.

Carmakers ar...

sources

SAMR: 市场监管总局对涉嫌哄抬价格的汽车芯片经销企业立案调查

Yicai: 干半年顶十年？汽车芯片成“炒货”重灾区市场监管总局出手整治

NBD: 每经热评｜严查经销环节囤积居奇汽车“芯荒”暂可“心安”

August 4, 2021

Get yo body movin’

On Tuesday, the State Council issued a new five-year plan (FYP) on exercise. Warm up with some context: FYPs to get China moving kicked off in 1995. Now race to this goal: Facility investment is a new, key priority. By 2025, the government will increase the public’s access to sporting facilities by:…

On Tuesday, the State Council issued a new five-year plan (FYP) on exercise.
Warm up with some context: FYPs to get China moving kicked off in 1995.
Now race to this goal: Facility investment is a new, key priority.
By 2025, the government will increase the public’s access to sporting facilities by:...

sources

Gov.cn: 国务院关于印发全民健身计划（2021—2025年）的通知

Gov.cn: 国务院关于印发全民健身计划（2016—2020年）的通知

August 4, 2021

Don’t want none unless it’s home-spun, hun

On Monday, international media outlets were abuzz over a mysterious document quietly issued by the Ministry of Finance (MoF) and the Ministry of Industry and Information Technology (MIIT) back in May. Titled “Document 551”, the notice reportedly contains procurement guidelines for public hospitals,…

Titled “Document 551”, the notice reportedly contains procurement guidelines for public hospitals,...

sources

Reuters: China quietly sets new 'buy Chinese' targets for state companies - U.S. sources

SCMP: China’s ‘buy Chinese’ targets for state firms against US trade deal, WTO: US sources

NPC: 中华人民共和国政府采购法

State Council: 国务院办公厅关于促进医药产业健康发展的指导意见

August 4, 2021

Don’t expect any changes

Everyone wants to know what China will do about climate change. On Tuesday, China’s climate envoy Xie Zhenhua spoke about carbon emissions during a webinar. The big reveal? That there will be no big reveal, despite US and UK officials urging China to act faster. Xie said that China wouldn’t be chang…

Everyone wants to know what China will do about climate change.
On Tuesday, China’s climate envoy Xie Zhenhua spoke about carbon emissions during a webinar.
The big reveal? That there will be no big reveal, despite US and UK officials urging China to act faster.
Xie said that China wouldn’t be chang...

sources

China News: 应对气候变化香港各界冀国际社会携手合作

France 24: China to release updated climate plans ‘in near future’: envoy

SCMP: Climate change: World should focus on delivering commitments instead of setting new goals, China’s top envoy says

AP: China sticks to goal of having carbon emissions peak by 2030

August 4, 2021

The game is back on

On Tuesday night, Economic Information Daily republished its article accusing big tech companies of developing “gaming opium” to get kids addicted. Except this time, the word “opium” was removed. Some context: The drug-laced article was originally posted Tuesday morning, before being deleted. It…

On Tuesday night, Economic Information Daily republished its article accusing big tech companies of developing "gaming opium” to get kids addicted.

Except this time, the word "opium" was removed.

Some context: The drug-laced article was originally posted Tuesday morning, before being deleted.

It...

sources

Xinhua: 经参调查·锐度｜网络游戏长成数千亿产业

Caijing: 一文震荡游戏股，真的是监管信号还是草木皆兵？

ChinaJoy: 中宣部出版局副局长杨芳在中国国际数码互动娱乐展览会上的致辞

August 4, 2021

Evergrande’s cash flow woes

Today on Evergrande Watch, more of the troubled developer’s suppliers complain about unpaid bills. According to Reuters, Shenzhen-listed advertising firm Leo Group said on Monday that it has asked a Chinese court to freeze RMB 356 million worth of Evergrande’s assets as a first step toward securing …

Today on Evergrande Watch, more of the troubled developer’s suppliers complain about unpaid bills.
According to Reuters, Shenzhen-listed advertising firm Leo Group said on Monday that it has asked a Chinese court to freeze RMB 356 million worth of Evergrande’s assets as a first step toward securing ...

sources

Reuters: Two more suppliers say payments are overdue from indebted Evergrande

August 4, 2021

Yongcheng pays the piper

On Tuesday, Caixin reported that six executives from Yongcheng Coal and Electricity Holding Co. were fined a combined RMB 2.3 million by the China Securities Regulatory Commission (CSRC) for financial fraud. The CSRC fined the company an additional RMB 3 million. Some context: In November, state-o…

The CSRC fined the company an additional RMB 3 million.

Some context: In November, state-o...

sources

Caixin: Yongcheng Coal and Executives Fined $820,000 for Fraud

August 4, 2021

Be careful who you lend to

On Tuesday, Caixin flagged some financial knock-on effects of the recently released Opinions on Further Reducing the Burden of Compulsory Education Students’ Homework and Off-School Training. Some context: The “double reduction” policy, as it is popularly called, is aimed at easing the intense pers…

On Tuesday, Caixin flagged some financial knock-on effects of the recently released Opinions on Further Reducing the Burden of Compulsory Education Students’ Homework and Off-School Training.
Some context: The "double reduction" policy, as it is popularly called, is aimed at easing the intense pers...

sources

Caixin: 义务教育“双减”政策落地培训贷退贷纠纷或增多

MOE: 中共中央办公厅国务院办公厅印发《关于进一步减轻义务教育阶段学生作业负担和校外培训负担的意见》

Xinhua: “双减”落地，对校外培训影响几何？

August 4, 2021

COVID keeps spreading in China

The COVID-19 outbreaks in multiple Chinese cities show little sign of receding. On Monday, China reported (NHC): 61 new domestically transmitted symptomatic cases – up from 55 on Sunday. 23 new domestically transmitted asymptomatic cases – down from 44 on Sunday. The outbreak is dying out in Nanji…

The COVID-19 outbreaks in multiple Chinese cities show little sign of receding.
On Monday, China reported (NHC):

61 new domestically transmitted symptomatic cases - up from 55 on Sunday.
23 new domestically transmitted asymptomatic cases - down from 44 on Sunday.

The outbreak is dying out in Nanji...

sources

NHC: 截至8月2日24时新型冠状病毒肺炎疫情最新情况

NHC: 新冠病毒疫苗接种情况

China News: 中国4家疫苗企业谈德尔塔变异株：现有疫苗仍有效，针对性疫苗在研发

Gov.cn: 湖南省新型冠状病毒肺炎疫情信息发布

Gov.cn: 截至2021年8月2日24时河南省新型冠状病毒肺炎疫情最新情况

Gov.cn: 2021年8月2日湖北省新冠肺炎疫情情况

August 3, 2021

Zhengzhou’s sponge overfloweth

Human error or smart city failure? That’s the question people are asking in the wake of the Zhengzhou floods. Some context: On July 20, flash floods rushed into Zhengzhou’s metro, trapping 500 and leaving dozens dead. That shouldn’t have happened: Zhengzhou has spent cash hand over fist …

Human error or smart city failure?
That’s the question people are asking in the wake of the Zhengzhou floods.
Some context: On July 20, flash floods rushed into Zhengzhou’s metro, trapping 500 and leaving dozens dead.
That shouldn’t have happened: Zhengzhou has spent cash hand over fist ...

sources

SCMP: China floods: did Zhengzhou’s ‘smart’ flood prevention system fail to prevent the disaster?

Zhengzhou gov: 郑州市海绵城市专项规划（2017-2030年）

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