string(13) "markets-macro"

Macro

July 8, 2021

SAMR tells the government to play fair

On Thursday, the State Administration of Market Regulation (SAMR) and four other ministries released a revised version of “Implementation Rules for the Fair Competition Review Mechanism.” Why it matters: The rules require governments to review regulations and policies to make sure that they don’t di… Username Password Remember Me Forgot Password

On Thursday, the State Administration of Market Regulation (SAMR) and four other ministries released a revised version of “Implementation Rules for the Fair Competition Review Mechanism.”
Why it matters: The rules require governments to review regulations and policies to make sure that they don’t di...

sources

SAMR: 市场监管总局等五部门关于印发《公平竞争审查制度实施细则》的通知

July 8, 2021

Vibe Czech

On Wednesday, Xi Jinping dialed up Czech President Miloš Zeman and Greek Prime Minister Kyriakos Mitsotakis. First up: Zeman. Some context: Czech politics is highly divided on China policy. Zeman is firmly in the pro-Beijing camp. Xi wants more Czech politicians to be like Zeman (Xinhua 1): “I hope…

On Wednesday, Xi Jinping dialed up Czech President Miloš Zeman and Greek Prime Minister Kyriakos Mitsotakis.
First up: Zeman.
Some context: Czech politics is highly divided on China policy. Zeman is firmly in the pro-Beijing camp.
Xi wants more Czech politicians to be like Zeman (Xinhua 1):

“I hope...

sources

Xinhua: 习近平同捷克总统泽曼通电话

Xinhua: 习近平同希腊总理米佐塔基斯通电话

July 8, 2021

Not just jobs, good jobs

On Wednesday, Li Keqiang did what he does, presiding over the weekly executive meeting of the State Council. What’s LKQ on about this week? Labor rights for flexible employees. Some context: “Flexible employees” include China’s over-200 million self-employed, part-time, and gig-economy workers. Thi…

On Wednesday, Li Keqiang did what he does, presiding over the weekly executive meeting of the State Council.
What’s LKQ on about this week?
Labor rights for flexible employees.
Some context: “Flexible employees” include China’s over-200 million self-employed, part-time, and gig-economy workers.

Thi...

sources

Xinhua: China to better protect workers' rights in new labor forms to boost flexible employment

Gov.cn: 李克强主持召开国务院常务会议部署进一步推动医保服务高效便民等

July 8, 2021

China to tighten screws on overseas listing

On Wednesday, Bloomberg reported that Chinese regulators are looking to fix loopholes in overseas listings. What loopholes, you ask? Most Chinese tech companies are structured as Variable Interest Entities (VIE) and registered in corporate havens like the Cayman Islands. This arrangement help…

On Wednesday, Bloomberg reported that Chinese regulators are looking to fix loopholes in overseas listings.
What loopholes, you ask?

Most Chinese tech companies are structured as Variable Interest Entities (VIE) and registered in corporate havens like the Cayman Islands.
This arrangement help...

sources

Bloomberg: China Considers Closing Loophole Used by Tech Giants for U.S. IPOs

WSJ: Chinese Regulators Suggested Didi Delay Its U.S. IPO

July 8, 2021

SAMR official does in-depth interview on antitrust

On Wednesday, the market regulator (SAMR) published the the transcript of a written interview of the agency’s antitrust bureau, Wu Zhenguo, with the American Bar Association. Spoil alert: Wu didn’t drop any bombshells here, but there were still a couple of points worth mentioning. Wu said anti…

On Wednesday, the market regulator (SAMR) published the the transcript of a written interview of the agency's antitrust bureau, Wu Zhenguo, with the American Bar Association.
Spoil alert: Wu didn’t drop any bombshells here, but there were still a couple of points worth mentioning.
Wu said anti...

sources

SAMR: 市场监管总局反垄断局主要负责同志接受美国律师协会反垄断在线期刊 The Antitrust Source专访

July 8, 2021

A nonferrous metals shopping spree

Everything must go! As promised, the National Food and Strategic Reserves Administration (NFSRA) kicked off auctions of copper, zinc, and aluminum on Monday and Tuesday. ICYMI: NFSRA announced plans for regular monthly auctions of nonferrous metals from state reserves in mid-June in an effort …

Everything must go!
As promised, the National Food and Strategic Reserves Administration (NFSRA) kicked off auctions of copper, zinc, and aluminum on Monday and Tuesday.
ICYMI: NFSRA announced plans for regular monthly auctions of nonferrous metals from state reserves in mid-June in an effort ...

sources

SCMP: China’s metals reserves snapped up at auction as Beijing tries to cool red-hot commodity prices

Mining.com: Copper price jumps after China’s auction fetches $10,500 per tonne

July 8, 2021

Everything will be just fined

On Wednesday, the State Administration of Market Regulation (SAMR) issued 22 fines to five companies for anti-monopoly violations. The offenders mostly comprised the usual suspects of the recent tech crackdown: Didi: eight violations Alibaba: six Tencent: five Suning: two Meituan: one The f…

On Wednesday, the State Administration of Market Regulation (SAMR) issued 22 fines to five companies for anti-monopoly violations.
The offenders mostly comprised the usual suspects of the recent tech crackdown:

Didi: eight violations
Alibaba: six
Tencent: five
Suning: two
Meituan: one

The f...

sources

SCMP: China’s antitrust watchdog punishes Alibaba, Tencent and Didi for merger irregularities after digging into old deals

Yicai: 市场监管总局再出手！最久追溯至十年前，腾讯、阿里、滴滴等被罚

July 8, 2021

RRR cuts back on the agenda

On Wednesday, the State Council said that given the impact of commodity price inflation on businesses, it endorses cuts to the reserve requirement ratio (RRR). Say what now? Recently, the People’s Bank of China (PBoC) has been incredibly reluctant to release any additional liquidity to the market. …

On Wednesday, the State Council said that given the impact of commodity price inflation on businesses, it endorses cuts to the reserve requirement ratio (RRR).
Say what now?

Recently, the People’s Bank of China (PBoC) has been incredibly reluctant to release any additional liquidity to the market. ...

sources

State Council: 李克强主持召开国务院常务会议部署进一步推动医保服务高效便民等

July 8, 2021

China’s national carbon market gets a new launch deadline

On Wednesday, the State Council in an executive meeting established a new deadline for the launch of China’s national carbon emissions trading scheme (ETS). According to the readout, the ETS will launch active trading “in July this year.” ICYMI: A Ministry of Ecology and Environment (MEE) spokespe…

On Wednesday, the State Council in an executive meeting established a new deadline for the launch of China's national carbon emissions trading scheme (ETS).

According to the readout, the ETS will launch active trading "in July this year."

ICYMI: A Ministry of Ecology and Environment (MEE) spokespe...

sources

21st Century Biz: 国常会：7月启动发电行业全国碳排放权交易市场上线交易

July 8, 2021

PBoC developing first official green monetary policies

On Wednesday, the State Council called for the People’s Bank of China (PBoC) to issue the first official monetary policy tools to promote carbon emission reductions. Wait, why isn’t this coming from the PBoC? The March Government Work Report tasked the PBoC with releasing green finance support meas…

On Wednesday, the State Council called for the People's Bank of China (PBoC) to issue the first official monetary policy tools to promote carbon emission reductions.
Wait, why isn't this coming from the PBoC?

The March Government Work Report tasked the PBoC with releasing green finance support meas...

sources

Caixin: 独家｜碳减排支持工具呼之欲出将为绿色再贷款

Gov.cn: 李克强主持召开国务院常务会议部署进一步推动医保服务高效便民等

July 8, 2021

Shenzhen drops landmark data regulations

Things are getting interesting. On Tuesday, the Shenzhen Municipal People’s Congress passed sweeping data regulations that define the foundational framework for the local digital economy. Some context: Shenzhen has become ground zero for experimental tech legislation, releasing pioneering policies…

Things are getting interesting.
On Tuesday, the Shenzhen Municipal People’s Congress passed sweeping data regulations that define the foundational framework for the local digital economy.
Some context: Shenzhen has become ground zero for experimental tech legislation, releasing pioneering policies...

sources

Duchuang: 深圳经济特区数据条例

Shenzhen Municipal People's Congress: 深圳经济特区数据条例正式公布禁止APP"不全面授权就不让用"

July 7, 2021

Ying-Zhong Xiangchanghui

On Tuesday, Premier Li Keqiang held a virtual meeting with more than 30 UK business leaders organized by the China-Britain Business Council (CBBC). Foreign Minister Wang Yi and head of the China’s macro planner He Lifeng were also there. Manel alert: As far as we can tell, all of the conference’s…

On Tuesday, Premier Li Keqiang held a virtual meeting with more than 30 UK business leaders organized by the China-Britain Business Council (CBBC).

Foreign Minister Wang Yi and head of the China's macro planner He Lifeng were also there.

Manel alert: As far as we can tell, all of the conference's...

sources

Gov.cn: 李克强出席同英国工商界代表视频对话会

Gov.cn: Premier Li talks with UK business representatives

CBBC: CBBC BUSINESS GROUP MEETS CHINESE PREMIER LI KEQIANG: BUSINESS TIES BETWEEN THE UK AND CHINA ARE STRONG AND GROWING

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