string(13) "markets-macro"

Macro

August 2, 2021

Check yourself before you wreck yourself

On Friday, the Ministry of Industry and Information Technology’s (MIIT) Information and Communications Bureau called in 25 tech companies for a chat. All of China’s biggest tech companies were in attendance. Here we go again: Since late 2020, we’ve followed closely as multiple regulato… Username Password Remember Me Forgot Password

On Friday, the Ministry of Industry and Information Technology’s (MIIT) Information and Communications Bureau called in 25 tech companies for a chat.

All of China's biggest tech companies were in attendance.

Here we go again: Since late 2020, we've followed closely as multiple regulato...

sources

MIIT: 工业和信息化部信息通信管理局召开互联网行业专项整治行动企业宣贯部署会

Caixin: 工信部要求25家互联网公司自查屏蔽网页等问题

August 2, 2021

Evergrande sells stake in its internet unit

China Evergrande Group is leaning on sell-offs to alleviate its cash flow problems. On Sunday, Evergrande announced that it would sell 11% of Hong Kong-listed HengTen Networks Group Ltd. for a total of HKD 3.25 billion (USD 418 million). Evergrande’s stake will be 26.55% after the sale, down from 3…

China Evergrande Group is leaning on sell-offs to alleviate its cash flow problems.
On Sunday, Evergrande announced that it would sell 11% of Hong Kong-listed HengTen Networks Group Ltd. for a total of HKD 3.25 billion (USD 418 million).

Evergrande’s stake will be 26.55% after the sale, down from 3...

sources

HengTen Networks: 内幕消息 - 股份转让及恢復买卖

Bloomberg: Evergrande Sells Stakes in Internet Unit for $418 Million

August 2, 2021

CBIRC talks H2 priorities

The China Banking and Insurance Regulatory Commission (CBIRC) got together to discuss its goals for the rest of the year last week. The meeting’s read-out was published on Saturday. I feel a list of priorities coming on! CBIRC said it plans to: Unswervingly prevent and defuse financial risks Acc…

The China Banking and Insurance Regulatory Commission (CBIRC) got together to discuss its goals for the rest of the year last week.

The meeting's read-out was published on Saturday.

I feel a list of priorities coming on!
CBIRC said it plans to:

Unswervingly prevent and defuse financial risks
Acc...

sources

CBIRC: 银保监会召开全系统2021年年中工作座谈会暨纪检监察工作（电视电话）座谈会

August 2, 2021

PBoC talks H2 goals

On Friday, the People’s Bank of China (PBoC) held a work conference to discuss its goals for the rest of the year. Most of the stuff on the central bank’s priority list will be familiar to regular readers – the PBoC said it will: Maintain flexible, precise, reasonable, and appropriate monetary poli…

On Friday, the People’s Bank of China (PBoC) held a work conference to discuss its goals for the rest of the year.
Most of the stuff on the central bank's priority list will be familiar to regular readers – the PBoC said it will:

Maintain flexible, precise, reasonable, and appropriate monetary poli...

sources

PBoC: 人民银行召开2021年下半年工作会议

July 30, 2021

COVID-19 breezes through towns

The COVID-19 situation remains grim – by China’s own standard of “zero tolerance”. On Thursday, China reported (NHC): 21 new domestically transmitted symptomatic cases – down from 24 on Wednesday Eight new domestically transmitted cases – up from two on Wednesday The virus spread further. Of the t…

The COVID-19 situation remains grim - by China's own standard of "zero tolerance".
On Thursday, China reported (NHC):

21 new domestically transmitted symptomatic cases - down from 24 on Wednesday
Eight new domestically transmitted cases - up from two on Wednesday

The virus spread further.
Of the t...

sources

NHC: 截至7月29日24时新型冠状病毒肺炎疫情最新情况

Jiangsu Government: 截至7月29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

The Paper: 卷入疫情的张家界：传播链已涉5省份7地，当地关停人员聚集场所

The Paper: 湖南张家界：明起关闭所有景区景点，暂时不要来张家界市旅游

The Paper: 鉴于当前形势，多地建议市民近期暂缓安排外出旅游度假

July 30, 2021

More like (data security) guidelines than actual rules

Thank heavens: More clarity is coming on data security. On Wednesday, Zuo Xiaodong, vice president of the China Academy of Information Security, revealed that new guidelines on identifying “important data” will soon be released. Some context: “Important data” can be understood as sensitive data rele…

Thank heavens: More clarity is coming on data security.
On Wednesday, Zuo Xiaodong, vice president of the China Academy of Information Security, revealed that new guidelines on identifying "important data" will soon be released.
Some context: "Important data" can be understood as sensitive data rele...

sources

Privacy Guard: 左晓栋：重要数据识别指南拟按国家安全影响等对重要数据分类

July 30, 2021

Return of the iron rice bowl?

Pick me! On Thursday, the SCMP reported a leap in fresh graduates aspiring to work for the government this year. According a poll by Zhaopin, a website for job seekers (SCMP): The number of fresh grads indicating they hope to find government jobs doubled in 2021 – reaching 11.4%. A glance at econo…

Pick me! On Thursday, the SCMP reported a leap in fresh graduates aspiring to work for the government this year.
According a poll by Zhaopin, a website for job seekers (SCMP):

The number of fresh grads indicating they hope to find government jobs doubled in 2021 – reaching 11.4%.

A glance at econo...

sources

SCMP: China’s job scarcity sees fresh grads shun private sector for stable civil service jobs, as ‘government is too big to fail’

Huatu Education: 国家公务员考试报名人数统计数据

July 30, 2021

The electric slide

To talk climate, you need to talk power. So get nerdy with us, from the peaks to the valleys. On Thursday, China’s macro planner, the NDRC, doubled down on electricity market reforms. Shocking news: China is the world’s largest electricity consumer. And power is its largest source of greenhouse gas …

To talk climate, you need to talk power. So get nerdy with us, from the peaks to the valleys.
On Thursday, China's macro planner, the NDRC, doubled down on electricity market reforms.
Shocking news: China is the world's largest electricity consumer. And power is its largest source of greenhouse gas ...

sources

NDRC: 国家发展改革委关于进一步完善分时电价机制的通知

July 30, 2021

Pan shares his thoughts on yuan reform

On Thursday, Pan Gongsheng, head of the State Administration of Foreign Exchange (SAFE) and deputy governor of the People’s Bank of China (PBoC), published a column in which he outlined how he envisions currency reform proceeding. Writing in China Forex, a magazine published by SAFE, Pan wrote that …

On Thursday, Pan Gongsheng, head of the State Administration of Foreign Exchange (SAFE) and deputy governor of the People’s Bank of China (PBoC), published a column in which he outlined how he envisions currency reform proceeding.
Writing in China Forex, a magazine published by SAFE, Pan wrote that ...

sources

China Forex: 中国外汇 | 潘功胜：新发展格局下外汇领域的改革开放

July 30, 2021

Not looking so grande

If there was any doubt, China Evergrande Group is having cash flow problems. On Thursday, Caixin reported that the city government of Lanzhou in Gansu province last week published a list of 41 companies that have yet to pay outstanding land transfer fees, urging them to pay up “as quickly as possibl…

If there was any doubt, China Evergrande Group is having cash flow problems.
On Thursday, Caixin reported that the city government of Lanzhou in Gansu province last week published a list of 41 companies that have yet to pay outstanding land transfer fees, urging them to pay up “as quickly as possibl...

sources

Caixin: Northwestern City Calls Out Evergrande Over Unpaid Land Transfer Dues

Bloomberg: Evergrande Supplier Sues as Reports of Overdue Payments Rise

July 30, 2021

CMB to retire risky retail derivatives

Exec sum: CMB restricts retail traders from some forex and precious metals derivatives. On Thursday, 21st Century Biz scooped that China Merchants Bank (CMB) would stop offering new forex options and paper precious metal trading for certain retail investors. Some context: “Paper” products are deriva…

Exec sum: CMB restricts retail traders from some forex and precious metals derivatives.
On Thursday, 21st Century Biz scooped that China Merchants Bank (CMB) would stop offering new forex options and paper precious metal trading for certain retail investors.
Some context: “Paper” products are deriva...

sources

China Merchants Bank: 关于调整个人双向外汇买卖业务的通告

China Merchants Bank: 关于调整个人纸贵金属双向交易业务、实盘纸黄金纸白银买卖业务的通告

21st Century Biz: 独家｜招行叫停个人外汇期权与贵金属业务商业银行或将全面取消个人交易类的业务

July 30, 2021

MoHURD tells five small cities to stabilize housing prices

Summary: MoHURD tells five small cities to stabilize housing prices Housing prices in smaller cities have officials worried. On Thursday, Ni Hong, vice-minister of the Ministry of Housing and Urban-Rural Development (MoHURD), held talks with officials from five cities, urging them to stabilize housi…

Summary: MoHURD tells five small cities to stabilize housing prices
Housing prices in smaller cities have officials worried.
On Thursday, Ni Hong, vice-minister of the Ministry of Housing and Urban-Rural Development (MoHURD), held talks with officials from five cities, urging them to stabilize housi...

sources

People's Daily: 住建部约谈5城：要求切实稳定房地产市场

Xinhua: China’s housing ministry moves to stabilize city real estate

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