string(13) "markets-macro"

Macro

July 15, 2021

Henan keeps its coal to itself amid supply security concerns

On Wednesday, 21st Century Biz reported that Henan has temporarily prohibited provincial coal companies from exporting thermal coal. The decision boils down to two key reasons: Record-high temperatures have driven up thermal coal demand. Simultaneously, recent heavy rains forced the suspension of t… Username Password Remember Me Forgot Password

On Wednesday, 21st Century Biz reported that Henan has temporarily prohibited provincial coal companies from exporting thermal coal.
The decision boils down to two key reasons:

Record-high temperatures have driven up thermal coal demand.
Simultaneously, recent heavy rains forced the suspension of t...

sources

21st Century Biz: 高温预警四起，电煤供应紧张再现，河南省要求所有煤矿生产电煤一律不得外销

July 15, 2021

Banks face NPL pressure

On Wednesday, Liu Zhongrui, head of statistics and risk monitoring at the China Banking and Insurance Regulatory Commission, warned that banks’ asset quality is under pressure. Speaking at a press conference, Liu said: “We are soberly aware that the economic recovery is uneven, and its foundation a…

“We are soberly aware that the economic recovery is uneven, and its foundation a...

sources

State Council: 国新办举行上半年银行业保险业运行发展情况新闻发布会图文实录

July 15, 2021

The great bug hunt

Calling all hackers! On Tuesday, the Ministry of Industry and Information Technology (MIIT) and two other agencies issued regulations encouraging tech companies to enlist hackers to help track down security vulnerabilities. Yes, really. Some context: It’s not easy for tech companies to fix all p…

Calling all hackers!
On Tuesday, the Ministry of Industry and Information Technology (MIIT) and two other agencies issued regulations encouraging tech companies to enlist hackers to help track down security vulnerabilities.

Yes, really.

Some context: It's not easy for tech companies to fix all p...

sources

MIIT: 三部门关于印发网络产品安全漏洞管理规定的通知

July 14, 2021

It’s celebrate the celebration time, come on

Well done. That was Xi Jinping’s message to around 125 officials who oversaw preparations for the Party’s big centenary bash on July 1. It wasn’t just Xi who expressed his thanks. Five of his Politburo Standing Committee colleagues – and a further six Politburo members – also stopped by to say thank…

Well done.
That was Xi Jinping’s message to around 125 officials who oversaw preparations for the Party’s big centenary bash on July 1.
It wasn’t just Xi who expressed his thanks. Five of his Politburo Standing Committee colleagues – and a further six Politburo members – also stopped by to say thank...

sources

Xinhua: 习近平亲切会见中国共产党成立100周年庆祝活动筹办工作各方面代表

July 14, 2021

China’s carbon market: ready for liftoff

Remember how the world’s largest carbon market missed its end-of-June launch? Over a week went by before regulators commented, attributing the delay to operational issues. Well, we’re finally set for liftoff — this time for real! On Thursday, Zhao Yingmin, vice minister of the Ministry of Ecology …

Remember how the world's largest carbon market missed its end-of-June launch?

Over a week went by before regulators commented, attributing the delay to operational issues.

Well, we're finally set for liftoff — this time for real!
On Thursday, Zhao Yingmin, vice minister of the Ministry of Ecology ...

sources

Gov.cn: 启动全国碳排放权交易市场上线交易情况国务院政策例行吹风会

21st Century Biz: 全国碳排放权交易市场将于7月16日开市

Yicai: 生态环境部：将于7月启动全国碳排放权交易市场上线交易

July 14, 2021

Xi calls on leaders to celebrate with a little Belt and Road

On Tuesday, Xi racked up the phone bills with three separate calls to: Turkish President Recep Tayyip Erdoğan Ukrainian President Volodymyr Zelensky Barbadian Prime Minister Mia Mottley You’ll be glad to know that the running theme was… you guessed it… more anniversaries: China and Turkey wil…

On Tuesday, Xi racked up the phone bills with three separate calls to:

Turkish President Recep Tayyip Erdoğan
Ukrainian President Volodymyr Zelensky
Barbadian Prime Minister Mia Mottley

You'll be glad to know that the running theme was... you guessed it... more anniversaries:

China and Turkey wil...

sources

Xinhua: 习近平同土耳其总统埃尔多安通电话

Xinhua: 习近平同乌克兰总统泽连斯基通电话

Xinhua: 习近平同巴巴多斯总理莫特利通电话

July 14, 2021

PBoC to promote digital yuan at Winter Olympics

On Tuesday, Fan Yifei, Deputy Governor of People’s Bank of China (PBoC), chaired a meeting of the Leading Small Group for the Construction of the Payment Service Environment for the Winter Olympic Games. LSGftCotPSEftWOG for short. Why it matters: The LSG is tasked, among other things, with heavi…

On Tuesday, Fan Yifei, Deputy Governor of People's Bank of China (PBoC), chaired a meeting of the Leading Small Group for the Construction of the Payment Service Environment for the Winter Olympic Games.

LSGftCotPSEftWOG for short.

Why it matters: The LSG is tasked, among other things, with heavi...

sources

PBoC: 人民银行召开北京-张家口冬奥会支付服务环境建设领导小组全体会议

Gov.cn: 国务院政策例行吹风会（2021年7月8日上午）

July 14, 2021

More support for trade on the way

The State Council, the Ministry of Commerce (MofCom), and the General Administration of Customs (GAC) have promised a spate of new support measures for foreign trade over the past few days. On Friday, the State Council released a policy document outlining their vision for supporting “new formats and…

The State Council, the Ministry of Commerce (MofCom), and the General Administration of Customs (GAC) have promised a spate of new support measures for foreign trade over the past few days.
On Friday, the State Council released a policy document outlining their vision for supporting “new formats and...

sources

Caixin: China Pledges More Support for Trade Even as June Exports Surge

Gov.cn: 国务院政策吹风会

NBD: 促外贸有何举措？海关总署答每经问：集中开展促进跨境贸易便利化专项行动，推出18项改革措施

July 14, 2021

Another one bites the dust

On Tuesday, Bloomberg reported that another property developer has defaulted on its bonds. Sichuan Languang Development – China’s 38th largest developer by 2020 contracted sales – failed to repay a RMB 900 million onshore bond that matured Sunday. That will trigger cross-defaults on some of Languan…

On Tuesday, Bloomberg reported that another property developer has defaulted on its bonds.
Sichuan Languang Development – China’s 38th largest developer by 2020 contracted sales – failed to repay a RMB 900 million onshore bond that matured Sunday.

That will trigger cross-defaults on some of Languan...

sources

Bloomberg: China Fortune Land Becomes First Victim of ‘Three Red Lines’

July 14, 2021

Plus ça change

Move along people. Nothing to see here. That was the central bank’s message about the reserve requirement ratio (RRR) cut at a Tuesday presser. People’s Bank of China (PBoC) Vice Governor Sun Guofeng insisted that all of this is business as usual: “The RRR cut is a regular liquidity operation.” “Th…

Move along people. Nothing to see here.
That was the central bank’s message about the reserve requirement ratio (RRR) cut at a Tuesday presser.
People’s Bank of China (PBoC) Vice Governor Sun Guofeng insisted that all of this is business as usual:

“The RRR cut is a regular liquidity operation.”
“Th...

sources

PBoC: 2021年上半年金融统计数据新闻发布会文字实录

July 14, 2021

LKQ plays his greatest macro policy hits

On Monday, Premier Li Keqiang invited economic experts, business leaders, and top government officials to share their thoughts on the economy. Some context: Li does this every year as he and other top leaders prepare for the Politburo’s mid-year economic policy review, which happens at the end of Ju…

On Monday, Premier Li Keqiang invited economic experts, business leaders, and top government officials to share their thoughts on the economy.
Some context: Li does this every year as he and other top leaders prepare for the Politburo’s mid-year economic policy review, which happens at the end of Ju...

sources

Xinhua: 李克强主持召开经济形势专家和企业家座谈会

July 14, 2021

Sogou gets so got

On Tuesday, the State Administration of Market Regulation (SAMR) gave Tencent Holdings Ltd. unconditional approval to privatize US-listed Sogou Inc., a Chinese search engine. Hallelujah! Some context: Tencent, which currently owns 39.2% of Sogou, originally announced the deal to buy out the remain…

On Tuesday, the State Administration of Market Regulation (SAMR) gave Tencent Holdings Ltd. unconditional approval to privatize US-listed Sogou Inc., a Chinese search engine.

Hallelujah!

Some context: Tencent, which currently owns 39.2% of Sogou, originally announced the deal to buy out the remain...

sources

SCMP: China antitrust: Beijing approves Tencent’s acquisition of search engine Sogou after vetoing Huya-Douyu merger

21st Century Biz: 腾讯收购搜狗股权案获无条件批准搜狗退市将进入倒计时

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