string(13) "markets-macro"

Macro

August 3, 2021

Steering the (safe) development of self-driving cars

Look MoT, no hands! On Friday, the Ministry of Transportation (MoT), the Ministry of Industry and Information Technology (MIIT) dropped new trial regulations for autonomous vehicle road testing. Some context: Autonomous driving technology is progressing, and regulations need to keep up. Just … Username Password Remember Me Forgot Password

Look MoT, no hands!
On Friday, the Ministry of Transportation (MoT), the Ministry of Industry and Information Technology (MIIT) dropped new trial regulations for autonomous vehicle road testing.
Some context: Autonomous driving technology is progressing, and regulations need to keep up.

Just ...

sources

MIIT: 公开征求对《智能网联汽车道路测试与示范应用管理规范（试行）》（征求意见稿）的意见

MIIT: 智慧城市基础设施与智能网联汽车协同发展试点工作交流会在京召开

August 3, 2021

Super smashing some tech stocks

On Tuesday morning, stocks of several big Chinese tech companies took an unexpected plunge. Within one hour of the Hong Kong stock market’s opening: Tencent was down over 10% NetEase was down over 15% The sudden market jitters came after an article in Economic Information Daily (EID) called out so…

On Tuesday morning, stocks of several big Chinese tech companies took an unexpected plunge.
Within one hour of the Hong Kong stock market's opening:

Tencent was down over 10%
NetEase was down over 15%

The sudden market jitters came after an article in Economic Information Daily (EID) called out so...

August 3, 2021

I don’t know but I been told…to follow the Party

Are you ready for more Politburo study session goodness? Well get ready to chow down. On Friday, Xi Jinping presided over a study session on “Strengthening National Defense and Modernizing the Army”. Some context: This topic is a BIG DEAL for Xi who has made modernizing the People’s Liberation Arm…

Are you ready for more Politburo study session goodness?

Well get ready to chow down.

On Friday, Xi Jinping presided over a study session on “Strengthening National Defense and Modernizing the Army”.
Some context: This topic is a BIG DEAL for Xi who has made modernizing the People’s Liberation Arm...

sources

People.cn: 坚定决心意志埋头苦干实干确保如期实现建军一百年奋斗目标

Qiushi: 《求是》杂志发表习近平总书记重要文章《加强党史军史和光荣传统教育，确保官兵永远听党话、跟党走》

SCMP: Chinese President Xi Jinping calls for greater focus on military development

August 3, 2021

School’s out forever?

Tough new regulations are throttling China’s private education sector. Over the past few days, domestic media has reported on mass layoffs at several large tutoring companies. Gaotu Techedu will close 13 tutoring centers across the country, cutting around one-third of staff. The C…

Tough new regulations are throttling China’s private education sector.
Over the past few days, domestic media has reported on mass layoffs at several large tutoring companies.

Gaotu Techedu will close 13 tutoring centers across the country, cutting around one-third of staff.
The C...

sources

LatePost: 好未来，高途大裁员，一个行业开始接受现实

Caixin: 掌门教育裁员千余人

August 3, 2021

Transportation regulators lays out H2 2021 work priorities

On Friday, the inter-ministerial group for the transportation industry listed its work priorities for H2 2021. Some context: The inter-ministerial group, led by the Ministry of Transport, was created in 2018 to coordinate regulations on tech platforms that provide transportation services, i.e….

On Friday, the inter-ministerial group for the transportation industry listed its work priorities for H2 2021.
Some context: The inter-ministerial group, led by the Ministry of Transport, was created in 2018 to coordinate regulations on tech platforms that provide transportation services, i.e....

sources

MoT: 交通运输新业态协同监管部际联席会议召开2021年第二次全体会议

August 3, 2021

Evaluating sci-tech achievements

We’re doing great! But just how great? On Monday, the State Council released guidelines for the evaluation of China’s sci-tech achievements. The overarching goal: Boost the commercialization of scientific research. But first, the government needs a good evaluation system to decide which sci-tech pr…

We're doing great! But just how great?
On Monday, the State Council released guidelines for the evaluation of China's sci-tech achievements.
The overarching goal: Boost the commercialization of scientific research.

But first, the government needs a good evaluation system to decide which sci-tech pr...

sources

Gov.cn: 国务院办公厅关于完善科技成果评价机制的指导意见

August 3, 2021

Wang steps up in Inner Mongolia

Hold on to your horses, grasslanders. On Monday, Wang Lixia was appointed deputy Party secretary of Inner Mongolia. That’s not all: With this promotion, she’s slated to take over as chairwoman of this nominally autonomous region. A little about Wang: Wang was born in Liaoning and is of Mongolian et…

Hold on to your horses, grasslanders.
On Monday, Wang Lixia was appointed deputy Party secretary of Inner Mongolia.
That's not all: With this promotion, she's slated to take over as chairwoman of this nominally autonomous region.
A little about Wang:

Wang was born in Liaoning and is of Mongolian et...

sources

The Paper: 王莉霞已任内蒙古自治区党委副书记、政府党组书记

August 3, 2021

Local governments spending SPB funds were they shouldn’t

On Tuesday, domestic financial media reported that several local governments had inappropriately spent cash raised from the government’s special purpose bonds (SPBs). According to 2020 audit reports, SPB funds have been used to pay for a bunch of things they weren’t meant for. Some localities spen…

On Tuesday, domestic financial media reported that several local governments had inappropriately spent cash raised from the government's special purpose bonds (SPBs).

According to 2020 audit reports, SPB funds have been used to pay for a bunch of things they weren't meant for.

Some localities spen...

sources

21st Century Biz: 多省份审计报告揭示专项债问题：部分违规用于发工资、买理财，资金闲置严重

August 3, 2021

Procuratorate expands its legal supervision

On Monday, the CCP central committee dropped a document called Opinions on Strengthening Procuratorate Organs’ Legal Supervision Work in the New Era. Stay with us on this one. Some context: The Supreme People’s Procuratorate acts as prosecutor in China’s judicial system, but has a broader responsibi…

On Monday, the CCP central committee dropped a document called Opinions on Strengthening Procuratorate Organs’ Legal Supervision Work in the New Era.
Stay with us on this one.
Some context: The Supreme People's Procuratorate acts as prosecutor in China's judicial system, but has a broader responsibi...

sources

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 3, 2021

Huarong units on the block

On Monday, China Huarong Asset Management posted a notice saying that it will ask shareholders for approval to dispose of two of its subsidiaries. Some context: Since failing to publish its 2020 earnings in March, speculation has swirled that Huarong faces imminent restructuring. Asset sales are th…

On Monday, China Huarong Asset Management posted a notice saying that it will ask shareholders for approval to dispose of two of its subsidiaries.
Some context: Since failing to publish its 2020 earnings in March, speculation has swirled that Huarong faces imminent restructuring.

Asset sales are th...

sources

HKEX: Implementation of Huarong consumer finance equity transfer project, implementation of Huarong trust equity restructuring project change in use of remaining net proceeds from H share offering, and supplemental notice of the first EGM of 2021

August 3, 2021

Demanding acceptance(s)

On Monday, Caixin reported that the rediscount rate on bankers’ acceptances plunged to a record low during the final week of July as demand surged. Some context: Discounting bankers’ acceptances is a normal part of banks’ business. Banks also trade discounted bankers’ acceptances among themselves, …

On Monday, Caixin reported that the rediscount rate on bankers’ acceptances plunged to a record low during the final week of July as demand surged.
Some context: Discounting bankers’ acceptances is a normal part of banks’ business.

Banks also trade discounted bankers’ acceptances among themselves, ...

sources

Caixin: 月末供求失衡票据转贴现利率遭遇“大跳水”

August 3, 2021

SAMR updates its social credit rules

Our turn. China’s powerful market regulator is standardizing its own little corner of the Social Credit System (SCS), aka the national blacklist. On Sunday, the State Administration for Market Regulation (SAMR) finalized two documents to update its social credit procedures. Some context: Under the S…

Our turn. China's powerful market regulator is standardizing its own little corner of the Social Credit System (SCS), aka the national blacklist.
On Sunday, the State Administration for Market Regulation (SAMR) finalized two documents to update its social credit procedures.
Some context: Under the S...

sources

SAMR: 市场监督管理严重违法失信名单管理办法

SAMR: 市场监督管理信用修复管理办法

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162