string(13) "markets-macro"

Macro

July 12, 2021

Done deal

On Saturday, the State Administration of Market Regulation (SAMR) announced that it would block Tencent’s plan to merge Huya and Douyu, China’s two largest video game streaming sites. Some context: Tencent, the largest shareholder in both firms, orchestrated the merger back in October, before … Username Password Remember Me Forgot Password

On Saturday, the State Administration of Market Regulation (SAMR) announced that it would block Tencent’s plan to merge Huya and Douyu, China’s two largest video game streaming sites.
Some context: Tencent, the largest shareholder in both firms, orchestrated the merger back in October, before ...

sources

Reuters: Chinese antitrust regulator blocks Tencent's $5.3 bln video games merger

July 12, 2021

Is ASF back?

Last Friday, international media reported that China’s largest pig farming province – Sichuan – is battling a local outbreak of African swine fever (ASF). Some context: China reported its first ASF case in summer 2018. Over the next year, the disease wiped out nearly half of the domestic swine herd …

Last Friday, international media reported that China’s largest pig farming province – Sichuan – is battling a local outbreak of African swine fever (ASF).
Some context: China reported its first ASF case in summer 2018. Over the next year, the disease wiped out nearly half of the domestic swine herd ...

sources

SCMP: China's pig farmers suffer again as African swine fever surge hits Sichuan

July 12, 2021

Deep dive | China’s Triple Tech Crackdown

Unless you’ve been living under a rock, you know that China’s big tech companies are facing a regulatory reckoning. The rumbling began following an ill-advised speech by Alibaba founder Jack Ma last October, in which the billionaire entrepreneur criticized financial regulators at an industry summit…

Unless you’ve been living under a rock, you know that China’s big tech companies are facing a regulatory reckoning.

The rumbling began following an ill-advised speech by Alibaba founder Jack Ma last October, in which the billionaire entrepreneur criticized financial regulators at an industry summit...

July 12, 2021

Deep dive | Can China Reach Net Zero?

Xi Jinping has put tackling climate change at the top of the political agenda. For nearly a decade, Xi Jinping has placed growing emphasis on environmental protection. But things really kicked into high gear in September 2020. That’s when, at the UN General Assembly, Xi announced twin car…

Xi Jinping has put tackling climate change at the top of the political agenda.
For nearly a decade, Xi Jinping has placed growing emphasis on environmental protection.
But things really kicked into high gear in September 2020. That’s when, at the UN General Assembly, Xi announced twin car...

July 9, 2021

Aggregate financing falls for real estate developers

Regulators can give themselves a pat on the back. Aggregate financing for real estate developers fell in H1 of 2021. Domestic and overseas bond financing fell by 16% compared to the same period in 2019, marking the second consecutive year of decline. Of that, domestic financing fell 7% y/y while ov…

Regulators can give themselves a pat on the back.
Aggregate financing for real estate developers fell in H1 of 2021.

Domestic and overseas bond financing fell by 16% compared to the same period in 2019, marking the second consecutive year of decline.
Of that, domestic financing fell 7% y/y while ov...

sources

21st Century Biz: “三条红线”下的房企融资变奏：融资规模下滑16{d17153e5ae5979b1bf2d993009af64ad90e2f85b4ea9b88ebfedc9c69c58188f} 偿债压力仍处高位

July 9, 2021

Checking up on doctors and nurses

On Wednesday and Thursday, Vice Premier Sun Chunlan paid a visit to Fujian province to inspect local medical reform pilots. Some context: In 2012, the medical insurance scheme in Fujian’s Sanming city was nearly bankrupt. Sanming introduced a series of reforms – including negotiating directly…

On Wednesday and Thursday, Vice Premier Sun Chunlan paid a visit to Fujian province to inspect local medical reform pilots.
Some context: In 2012, the medical insurance scheme in Fujian’s Sanming city was nearly bankrupt.

Sanming introduced a series of reforms – including negotiating directly...

sources

Gov.cn: 孙春兰在福建调研医改工作并召开推广三明医改经验座谈会

Xinhua: Chinese vice premier stresses reform of medicine, healthcare system

Caixin: Hospital Staff Salaries Set for ‘Dynamic Adjustment’ in New Round of Reforms

July 9, 2021

Xi Thought research centers proliferate

As China mycologists know, a troop of Xi Jinping Thought Research Centers have been popping up all over the governance apparatus recently not unlike some sort of forest-dwelling fungi. Over the past two weeks, three new such centers were announced, at the: Ministry of Ecology and Environment (MEE) …

As China mycologists know, a troop of Xi Jinping Thought Research Centers have been popping up all over the governance apparatus recently not unlike some sort of forest-dwelling fungi.
Over the past two weeks, three new such centers were announced, at the:

Ministry of Ecology and Environment (MEE) ...

sources

People's Daily: 习近平生态文明思想研究中心成立

NOPSS: 习近平外交思想研究中心首次专题研讨会暨专家受聘仪式成功举行

CCDI: “习近平外交思想和新时代中国外交”中英文专题网站上线

MOJ: Research center on Xi's thought on rule of law founded

July 9, 2021

MofCom issues Commerce Development Five-Year Plan

On Thursday, the Ministry of Commerce (MofCom) published the 14th Five-Year Plan (FYP) for Commerce Development. Some context: Following the March release of the national FYP, ministries, agencies, and localities are now drafting and issuing scores more specific sectoral and local plans. …

On Thursday, the Ministry of Commerce (MofCom) published the 14th Five-Year Plan (FYP) for Commerce Development.
Some context: Following the March release of the national FYP, ministries, agencies, and localities are now drafting and issuing scores more specific sectoral and local plans.
...

sources

MofCom: “十四五”商务发展规划

Reuters: China ministry says expects retail sales to grow 5{d17153e5ae5979b1bf2d993009af64ad90e2f85b4ea9b88ebfedc9c69c58188f}/yr in 2021-25

July 9, 2021

Payments platforms face same treatment as Ant

On Thursday, People’s Bank of China (PBoC) Vice Governor Fan Yifei said that the anti-monopoly measures imposed on Ant Group will also be applied to other payments companies. Some context: In April, regulators imposed a far-reaching restructuring plan on Alibaba’s fintech affiliate, Ant. As part of…

On Thursday, People’s Bank of China (PBoC) Vice Governor Fan Yifei said that the anti-monopoly measures imposed on Ant Group will also be applied to other payments companies.
Some context: In April, regulators imposed a far-reaching restructuring plan on Alibaba’s fintech affiliate, Ant.

As part of...

sources

State Council: 金融机构减费让利惠企利民有关情况国务院政策例行吹风会

July 9, 2021

CBIRC warns tech firms about fees

On Thursday, Guo Wuping, the head of the China Banking and Insurance Regulatory Commission’s (CBIRC) consumer protection bureau, said that the fees charged by some internet platforms for fintech services are too high. Guo, speaking at a press conference, said that when internet platforms help find p…

On Thursday, Guo Wuping, the head of the China Banking and Insurance Regulatory Commission’s (CBIRC) consumer protection bureau, said that the fees charged by some internet platforms for fintech services are too high.
Guo, speaking at a press conference, said that when internet platforms help find p...

sources

State Council: 金融机构减费让利惠企利民有关情况国务院政策例行吹风会

July 9, 2021

LinkDoc scraps IPO

On Thursday, LinkDoc – a Chinese medical data firm – pumped the brakes on its NASDAQ IPO. Some context: The company was originally expected to price the offering after market close on Thursday, and could have fetched as much as USD 211 million. More context: Alibaba’s AliHealth holds about 7.5% of L…

On Thursday, LinkDoc – a Chinese medical data firm – pumped the brakes on its NASDAQ IPO.
Some context: The company was originally expected to price the offering after market close on Thursday, and could have fetched as much as USD 211 million.
More context: Alibaba’s AliHealth holds about 7.5% of L...

sources

Reuters: LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing's crackdown

Bloomberg: Chinese Firm LinkDoc Said to Halt U.S. IPO After Crackdown

July 9, 2021

Didi gets sued

Didi Chuxing just can’t catch a break. On Thursday, SCMP scooped that American shareholders have filed multiple lawsuits against Didi. Some context: Days after its June 30 IPO on the NYSE, Didi was hit with an investigation into its data collection practices by the Chinese Administration of Cyberspa…

Didi Chuxing just can’t catch a break.
On Thursday, SCMP scooped that American shareholders have filed multiple lawsuits against Didi.
Some context: Days after its June 30 IPO on the NYSE, Didi was hit with an investigation into its data collection practices by the Chinese Administration of Cyberspa...

sources

SCMP: Didi Chuxing sued by American shareholders over stock plunge caused by Chinese regulatory changes, data-collection inquiry

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