string(13) "markets-macro"

Macro

July 27, 2021

Little guys vs big guys

On Tuesday, China’s financial and economic tsar, vice premier Liu He, gave a speech via video link at a summit of innovative small and medium-sized enterprises (SMEs). Some context: “Innovative SMEs,” in this case, refers to firms that are specialized in niche areas and considered indispensable in i… Username Password Remember Me Forgot… Read More »

On Tuesday, China’s financial and economic tsar, vice premier Liu He, gave a speech via video link at a summit of innovative small and medium-sized enterprises (SMEs).
Some context: "Innovative SMEs," in this case, refers to firms that are specialized in niche areas and considered indispensable in i...

sources

MIIT: 刘鹤在全国“专精特新”中小企业高峰论坛上的致辞

July 27, 2021

Another red line for property developers

There are more than just three red lines now. On Monday, domestic financial media reported that regulators are now capping the land acquisition of developers in the pilot implementation of the “three red lines” policy to 40% of annual revenues. Details remain scarce, but we’re keeping an eye out. …

There are more than just three red lines now.
On Monday, domestic financial media reported that regulators are now capping the land acquisition of developers in the pilot implementation of the “three red lines” policy to 40% of annual revenues.

Details remain scarce, but we’re keeping an eye out.

...

sources

Cailianshe: 电报|重点房企买地金额被纳入监管：不得超年度销售额40% 包含收并购支出

Jiemian: 拿地金额不超年销售额40%？有房企已经超过100%了

Wallstreet.cn: 上半年13家房企拿地销售比超40%，“绿档”最疯狂

July 27, 2021

China blasts US at high-level summit

On Monday, US Deputy Secretary of State Wendy Sherman held talks in Tianjin with her Chinese counterpart Xie Feng and Foreign Minister Wang Yi.It didn’t go so great. The summit reminded us of March’s rancorous meeting between top US and Chinese officials in Alaska. Xie set the tone for the meeting…

On Monday, US Deputy Secretary of State Wendy Sherman held talks in Tianjin with her Chinese counterpart Xie Feng and Foreign Minister Wang Yi.It didn't go so great.

The summit reminded us of March's rancorous meeting between top US and Chinese officials in Alaska.

Xie set the tone for the meeting...

sources

SCMP: China, US draw lines in the sand at top-level meeting but agree to keep talking

Xinhua: Chinese FM meets U.S. deputy secretary of state, urging rational China policy

MoFA: Foreign Ministry Spokesperson Zhao Lijian's Regular Press Conference on July 26, 2021

July 27, 2021

Multi-currency bank accounts arrive

On Monday, Caixin reported that banks in four cities are now allowed to offer customers multi-currency settlement accounts on a trial basis. The four cities involved in the pilot program are: Shenzhen, the Special Economic Zone Guangzhou in Guangdong province Hangzhou in Zhejiang province Fuzhou in…

On Monday, Caixin reported that banks in four cities are now allowed to offer customers multi-currency settlement accounts on a trial basis.
The four cities involved in the pilot program are:

Shenzhen, the Special Economic Zone
Guangzhou in Guangdong province
Hangzhou in Zhejiang province
Fuzhou in...

sources

Caixin: 本外币合一银行结算账户试点启动广深等四地先行先试

The Paper: 国家外汇局：持续推进个人外汇业务便利化，支持区域开放创新

July 27, 2021

Banks recapitalizing banks

In late June, we noted that Bank of Wenzhou was selling RMB 4 billion worth of new shares to replenish its capital, despite having just been recapitalized to the tune of RMB 5 billion when the Zhejiang provincial government issued special purpose bonds (SPBs) for just that special purpose. Well, on …

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21st Century Biz: 温州银行引进19家农商行入股：共持股20.26%，两家进入前十大股东

July 27, 2021

Yet another IPv6 upgrade plan

On Monday, the Cyberspace Administration of China (CAC) released the Notice on Accelerating the Large-scale Deployment and Application of Internet Protocol Version 6 (IPv6). Some context: A separate 2021-2023 action plan for accelerating IPv6 adoption was released two weeks ago. It focused more on i…

On Monday, the Cyberspace Administration of China (CAC) released the Notice on Accelerating the Large-scale Deployment and Application of Internet Protocol Version 6 (IPv6).
Some context: A separate 2021-2023 action plan for accelerating IPv6 adoption was released two weeks ago. It focused more on i...

sources

CAC: 关于加快推进互联网协议第六版（IPv6）规模部署和应用工作的通知

July 27, 2021

Regulating the ride-hailing jungle

The king of jungle is wounded, and the scavengers are taking advantage. ICYMI: Regulators launched a major investigation into ride-hailing giant DiDi earlier this month – just days after its US IPO – ordering the company’s app pulled from stores until further notice. The event has initiated a …

The king of jungle is wounded, and the scavengers are taking advantage.
ICYMI: Regulators launched a major investigation into ride-hailing giant DiDi earlier this month - just days after its US IPO - ordering the company's app pulled from stores until further notice.
The event has initiated a ...

sources

The Paper: 网约车市场再起波澜：多家企业烧钱拉新，一家独大格局生变

July 27, 2021

Tighter energy supervision on the horizon for data centers

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced that it will take a good look at how industrial companies are doing with energy efficiency this year. 270 data center operators are on MIIT’s watch list. Some context: Just a week ago, MIIT issued a thre…

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced that it will take a good look at how industrial companies are doing with energy efficiency this year.

270 data center operators are on MIIT’s watch list.

Some context: Just a week ago, MIIT issued a thre...

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MIIT: 工业和信息化部办公厅关于下达2021年国家工业专项节能监察任务的通知

July 26, 2021

Where the digital yuan is, and where it’s going

On Friday, China’s central bank (PBoC) published a white paper answering common questions about the digital yuan, dubbed e-CNY. Luo Rui, Director of the PBoC’s Currency, Gold and Silver Bureau provided additional context in a follow-up interview. First things first: the paper summed up the progre…

On Friday, China's central bank (PBoC) published a white paper answering common questions about the digital yuan, dubbed e-CNY.

Luo Rui, Director of the PBoC's Currency, Gold and Silver Bureau provided additional context in a follow-up interview.

First things first: the paper summed up the progre...

sources

PBoC: 中国数字人民币的研发进展白皮书

People.cn: 数字人民币离普及还有多远

July 26, 2021

Minor issues with the internet

Ah, summer. School’s out, surf’s up, and China’s internet watchdog is stepping up enforcement of online child protection rules. On Wednesday, the Cyberspace Administration of China (CAC) kicked off the nimbly-named “Clearness and Remediation of the Internet Environment for Minors during Summer Vaca…

Ah, summer.
School's out, surf's up, and China's internet watchdog is stepping up enforcement of online child protection rules.
On Wednesday, the Cyberspace Administration of China (CAC) kicked off the nimbly-named "Clearness and Remediation of the Internet Environment for Minors during Summer Vaca...

sources

Sina: 中央网信办启动“清朗·暑期未成年人网络环境整治”专项行动

SCMP: Beijing blasts Tencent, Alibaba and other tech firms for allowing distribution of ‘soft child porn’ emoji sticker packs

July 26, 2021

Xie Zhenhua previews upcoming net zero policy framework

On Saturday, China’s top climate envoy, Xie Zhenhua, teased the forthcoming carbon peak and carbon neutrality “1+N” framework. Xie said that the Leading Small Group (LSG) for Peak Carbon and Carbon Neutrality is formulating a carbon peak and carbon neutralization timetable, roadmap, and “1+N” frame…

On Saturday, China’s top climate envoy, Xie Zhenhua, teased the forthcoming carbon peak and carbon neutrality “1+N” framework.

Xie said that the Leading Small Group (LSG) for Peak Carbon and Carbon Neutrality is formulating a carbon peak and carbon neutralization timetable, roadmap, and “1+N” frame...

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21st Century Biz: 重磅！解振华：碳达峰碳中和“1+N”政策体系即将发布，十大领域要创新转型

July 26, 2021

Wang Yang in the ‘Jiang

From Wednesday to Saturday, Wang Yang, chairman of the National Committee of the Chinese People’s Political Consultative Conference was touring Xinjiang. The themes of his trip: Prosperity Security First up, prosperity: In Aksu, Wang held a meeting on pairing assistance with officials from 19 pro…

From Wednesday to Saturday, Wang Yang, chairman of the National Committee of the Chinese People's Political Consultative Conference was touring Xinjiang.
The themes of his trip:

Prosperity
Security

First up, prosperity:

In Aksu, Wang held a meeting on pairing assistance with officials from 19 pro...

sources

SCMP: Beijing signals stronger support for Xinjiang amid US sanctions

Xinhua: Senior official stresses stengthening Xinjiang Production and Construction Corps

Xinhua: China holds national meeting on pairing-assistance to Xinjiang

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