string(13) "markets-macro"

Macro

July 19, 2021

The hits start comin’ and they don’t stop comin’

On Friday, the US Treasury Department sanctioned seven Hong Kong officials for their role in eroding the city’s democratic institutions. The unlucky bunch were all deputy directors of the Liaison Office of the Central People’s Government. Some context: Office director Luo Huining, Beijing’s top of… Username Password Remember Me Forgot Password

On Friday, the US Treasury Department sanctioned seven Hong Kong officials for their role in eroding the city's democratic institutions.

The unlucky bunch were all deputy directors of the Liaison Office of the Central People's Government.

Some context: Office director Luo Huining, Beijing's top of...

sources

SCMP: US sanctions 7 Hong Kong liaison office officials, warns of dangers from national security law

MoFA: Foreign Ministry Spokesperson's Remarks on US Issuance of the so-called "Hong Kong Business Advisory" and Sanctions on Officials of the Liaison Office of the Central People's Government in Hong Kong

The Paper: 国务院港澳办发言人：美方所谓制裁令人不齿

July 19, 2021

The Great Uniter

On Friday, Xi Jinping addressed an “informal” meeting of Asia-Pacific Economic Cooperation (APEC) leaders, hosted virtually from New Zealand. (But only his Philippine and Canadian counterparts didn’t wear ties). His message: Unity is strength. Xi said that as the world is struggling with the COVID-1…

On Friday, Xi Jinping addressed an "informal" meeting of Asia-Pacific Economic Cooperation (APEC) leaders, hosted virtually from New Zealand. (But only his Philippine and Canadian counterparts didn't wear ties).
His message: Unity is strength.
Xi said that as the world is struggling with the COVID-1...

sources

Gov.cn: 习近平在亚太经合组织领导人非正式会议上的讲话（全文）

Xinhua: Full text: Remarks by Xi Jinping at the APEC Informal Economic Leaders' Retreat

July 19, 2021

Xi makes the rounds

On Friday, Xi Jinping was feeling chatty, calling not one, not two, but three foreign leaders. We’ve compiled the quickest of quick hits below. First up: Afghanistan President Ashraf Ghani Xi (FMPRC 1): “China…hopes [the Afghan government and the Taliban] will reach an early political settlement th…

“China…hopes [the Afghan government and the Taliban] will reach an early political settlement th...

sources

FMPRC: 习近平同阿富汗总统加尼通电话

FMPRC: 习近平同蒙古国总统呼日勒苏赫通电话

FMPRC: 习近平同马尔代夫总统萨利赫通电话

July 19, 2021

The uncertain future of US listing

Chinese tech companies are shelving their US IPO plans in face of regulatory uncertainty. On Monday, a wide range of industry folks weighed in on the future prospects for overseas listings in an in-depth piece in financial media Caixin. An unnamed venture capital source said the crackdow…

Chinese tech companies are shelving their US IPO plans in face of regulatory uncertainty.
On Monday, a wide range of industry folks weighed in on the future prospects for overseas listings in an in-depth piece in financial media Caixin.
An unnamed venture capital source said the crackdow...

sources

Caixin: 最新封面报道｜中概股何处去

Bloomberg: China Signals End to $2 Trillion U.S. Stock Listing Juggernaut

July 19, 2021

A Great Wall for COVID?

The domestic COVID-19 threat has receded again over the past week. Since last Monday, China reported: 16 new domestically transmitted confirmed cases, down from 56 in the previous 7-day period No new domestically transmitted asymptomatic cases, down from eight in the previous 7-day period And ther…

The domestic COVID-19 threat has receded again over the past week.
Since last Monday, China reported:

16 new domestically transmitted confirmed cases, down from 56 in the previous 7-day period
No new domestically transmitted asymptomatic cases, down from eight in the previous 7-day period

And ther...

sources

NHC: 截至7月18日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至7月12日24时新型冠状病毒肺炎疫情最新情况

July 19, 2021

Porkapalooza

On Sunday, China Merchandise Reserve Management Center (CMRMC) released details for the next round of pork purchasing for state reserves. Some context: Regulators are seeking to support pig farmers by buying up pork for state reserves. Prior auctions took place on July 7 and July 13&nbs…

On Sunday, China Merchandise Reserve Management Center (CMRMC) released details for the next round of pork purchasing for state reserves.
Some context: Regulators are seeking to support pig farmers by buying up pork for state reserves.

Prior auctions took place on July 7 and July 13&nbs...

sources

CMRMC: 关于2021年第三次中央储备冻猪肉收储竞价交易有关事项的通知

The Paper: 今年全国猪肉价格深跌，何时能走出下跌周期？

MARA: 2021年第28周全国农产品批发市场一周价格行情监测报告：猪肉、大葱价格持续下降、水果价格小幅上升

July 19, 2021

Coal mine disruptions just keep coming

Last Wednesday, another coal mine accident in northern Shaanxi left five miners trapped. Rescue efforts are still underway – but hope is dwindling. The mine remains closed – along with 20 other small and medium-sized operations in the Yulin city area. The fatal accident was just the latest in a st…

Last Wednesday, another coal mine accident in northern Shaanxi left five miners trapped.

Rescue efforts are still underway – but hope is dwindling.
The mine remains closed – along with 20 other small and medium-sized operations in the Yulin city area.

The fatal accident was just the latest in a st...

sources

Caixin: 陕西一煤矿发生溃水溃沙事故5人失联曾行贿能源官员

EastMoney: 煤源告急！榆林20多家煤矿暂停生产港口库存急降

July 19, 2021

Tomorrow never comes

On Friday, the China Banking and Insurance Regulatory Commission (CBIRC) and China Securities Regulatory Commission (CSRC) said they are extending their hold on nine financial institutions they seized from Tomorrow Group for an additional year. Some context: In July 2020, regulators took over nine …

On Friday, the China Banking and Insurance Regulatory Commission (CBIRC) and China Securities Regulatory Commission (CSRC) said they are extending their hold on nine financial institutions they seized from Tomorrow Group for an additional year.
Some context: In July 2020, regulators took over nine ...

sources

CBIRC: 中国银保监会依法延长天安财产保险股份有限公司等六家机构接管期限

CSRC: 证监会依法决定延长新时代证券股份有限公司、国盛证券有限责任公司和国盛期货有限责任公司接管期限

July 19, 2021

Shadowy dealings come at a cost

On Friday, the China Banking and Insurance Regulatory Commission (CBIRC) imposed more than RMB 200 million in fines on three commercial banks, for violations relating to shadow banking. The regulator carried out on-site inspections of the banks, resulting in fines of: RMB 114.5 million to Minsheng …

On Friday, the China Banking and Insurance Regulatory Commission (CBIRC) imposed more than RMB 200 million in fines on three commercial banks, for violations relating to shadow banking.
The regulator carried out on-site inspections of the banks, resulting in fines of:

RMB 114.5 million to Minsheng ...

sources

CBIRC: 中国银保监会依法查处4家金融机构违法违规行为

July 19, 2021

Didi, party of seven

The fun never stops for troubled ride-hailing giant Didi Chuxing. On Friday, the Cybersecurity Administration of China (CAC) set up shop at Didi’s Beijing offices to begin the cybersecurity review process. Some context: Didi is under intense scrutiny after its hasty US IPO aroused the ire of Chinese…

The fun never stops for troubled ride-hailing giant Didi Chuxing.
On Friday, the Cybersecurity Administration of China (CAC) set up shop at Didi's Beijing offices to begin the cybersecurity review process.
Some context: Didi is under intense scrutiny after its hasty US IPO aroused the ire of Chinese...

sources

CAC: 国家互联网信息办公室等七部门进驻滴滴出行科技有限公司开展网络安全审查

July 19, 2021

Lighting a fire under IPv6 rollout

China’s in a hurry to modernize its network infrastructure. On Friday, the Ministry of Industry and Information Technology (MIIT) released China’s three-year action plan for national IPv6 deployment. Some context: IPv6 is the street address system for the internet. It gives every net-connected devi…

China's in a hurry to modernize its network infrastructure.
On Friday, the Ministry of Industry and Information Technology (MIIT) released China's three-year action plan for national IPv6 deployment.
Some context: IPv6 is the street address system for the internet. It gives every net-connected devi...

sources

MIIT: 两部门关于印发《IPv6流量提升三年专项行动计划（2021-2023年）》的通知

July 19, 2021

MIIT releases three-year 5G plan

On Monday, the Ministry of Industry and Information Technology (MIIT) and nine other ministries issued a three-year action plan for boosting adoption of 5G in real-world applications. Some context: China’s 5G development is still in its early days and lacks clarity in how to commercialize the …

On Monday, the Ministry of Industry and Information Technology (MIIT) and nine other ministries issued a three-year action plan for boosting adoption of 5G in real-world applications.
Some context: China’s 5G development is still in its early days and lacks clarity in how to commercialize the ...

sources

MIIT: 十部门关于印发《5G应用“扬帆”行动计划（2021-2023年）》的通知

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