string(13) "markets-macro"

Macro

July 7, 2021

Private messaging

Rumors are swirling. On Tuesday, Reuters reported that Charlie Chao, chairman of Weibo – China’s Twitter equivalent – is in talks with a state-backed investor to take the Nasdaq-listed company private. The article citied multiple anonymous sources with “knowledge of the matter.” The state-ba… Username Password Remember Me Forgot Password

Rumors are swirling.
On Tuesday, Reuters reported that Charlie Chao, chairman of Weibo – China's Twitter equivalent – is in talks with a state-backed investor to take the Nasdaq-listed company private.

The article citied multiple anonymous sources with "knowledge of the matter."
The state-ba...

sources

Reuters: EXCLUSIVE Weibo chairman, state firm plan to take China's Twitter private - sources

SCMP: Despite delisting concerns, the number of Chinese companies on US equity markets rises

July 7, 2021

Can’t we all just get along?

Everyone thinks the world’s going to hell in a handbasket sometimes. Guess what? Xi Jinping agrees – and he’s getting worried. That’s why on Tuesday, in a speech to the CPC and World Political Parties Summit, Xi called on everybody to get along. Some context: After the fall of the Soviet Union, ther…

Everyone thinks the world’s going to hell in a handbasket sometimes.
Guess what? Xi Jinping agrees – and he's getting worried.
That’s why on Tuesday, in a speech to the CPC and World Political Parties Summit, Xi called on everybody to get along.
Some context: After the fall of the Soviet Union, ther...

sources

Xinhua: 习近平出席中国共产党与世界政党领导人峰会并发表主旨讲话

Xinhua: Xi Focus: Xi urges world political parties to shoulder responsibility for pursuit of people's wellbeing, progress of mankind

July 7, 2021

Farm to table

On Tuesday, Vice Premier Hu Chunhua spoke at a national conference on rural commerce held in Liaoning province. Hu said he wants to ensure high-quality farm products are reaching customers in cities. He called to (Gov.cn): “[I]mprove the efficiency and standard of agricultural product circula…

On Tuesday, Vice Premier Hu Chunhua spoke at a national conference on rural commerce held in Liaoning province.
Hu said he wants to ensure high-quality farm products are reaching customers in cities. He called to (Gov.cn):

“[I]mprove the efficiency and standard of agricultural product circula...

sources

Gov.cn: 胡春华强调积极建设农村商业体系努力畅通国内大循环

July 7, 2021

Beijing releases guidelines to clean up the securities industry

On Tuesday, the Party Central Committee and the State Council released guidelines for cracking down on misbehavior in the securities industry. This is a big deal: It’s the first high-level policy doc on securities fraud. At issue: China’s capital markets are plagued with financial fraud …

On Tuesday, the Party Central Committee and the State Council released guidelines for cracking down on misbehavior in the securities industry.
This is a big deal: It’s the first high-level policy doc on securities fraud.
At issue: China’s capital markets are plagued with financial fraud ...

sources

Xinhua: 全面贯彻“零容忍”理念依法从严打击证券违法活动——证监会主席易会满就《关于依法从严打击证券违法活动的意见》发布接受新华社记者专访

Gov.cn: 中共中央办公厅国务院办公厅印发《关于依法从严打击证券违法活动的意见》

July 7, 2021

Beijing to tighten data security requirements for overseas listings

On Tuesday, the Party Central Committee and the State Council released high-level guidelines for cracking down on misbehavior in the securities industry. Why it matters now: This is a big, comprehensive policy doc on securities compliance, but it also covers overseas listings, a hot topic this…

On Tuesday, the Party Central Committee and the State Council released high-level guidelines for cracking down on misbehavior in the securities industry.
Why it matters now: This is a big, comprehensive policy doc on securities compliance, but it also covers overseas listings, a hot topic this...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于依法从严打击证券违法活动的意见》

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

July 7, 2021

Stocking full of coal

The National Development and Reform Commission (NDRC) admonished localities to properly implement plans to expand coal reserves at a meeting in Shandong province on Monday. In attendance: Provincial and municipal coal reserve management officials, along with a number of enterprises that help m…

The National Development and Reform Commission (NDRC) admonished localities to properly implement plans to expand coal reserves at a meeting in Shandong province on Monday.
In attendance: Provincial and municipal coal reserve management officials, along with a number of enterprises that help m...

sources

21st Century Biz: 2021年要形成1.2亿吨以上的煤炭储备能力，发改委部署政府煤炭储备设施建设工作

July 7, 2021

Getting into the spirit of things

Over the last few days, government bodies have been meeting to discuss what the spirit of Xi Jinping’s speech at the Party’s birthday celebration means to them. We’ve seen little reason to share with China Markets Dispatch readers the anodyne conclusions arrived upon by any of these meetings. That…

Over the last few days, government bodies have been meeting to discuss what the spirit of Xi Jinping’s speech at the Party’s birthday celebration means to them.

We’ve seen little reason to share with China Markets Dispatch readers the anodyne conclusions arrived upon by any of these meetings.

That...

sources

Gov.cn: 刘鹤主持召开国务院金融稳定发展委员会第五十三次会议

July 7, 2021

Suning gets saved… again

On Monday, Suning.com – the retail arm of conglomerate Suning Group – announced that more help is on the way. A group of public and private investors agreed to buy up 17% of the embattled retailer’s shares – for a total of USD 1.4 billion. Some context: Suning – originally an appliance retailer – ha…

On Monday, Suning.com – the retail arm of conglomerate Suning Group – announced that more help is on the way.
A group of public and private investors agreed to buy up 17% of the embattled retailer’s shares – for a total of USD 1.4 billion.
Some context: Suning – originally an appliance retailer – ha...

sources

SCMP: Chinese tech giants bail out Suning.com with US$1.4 billion government-backed investment in the embattled retailer

July 7, 2021

Foreign Ministry presses US on Trump-era student visa revocations

At a Ministry of Foreign Affairs (MoFA) press conference on Tuesday, spokesperson Zhao Lijian took on a US move to revoke student visas for thousands of Chinese graduate students. Some context: Last month, some 500 Chinese students studying in the US signed a letter condemning former President Trump…

At a Ministry of Foreign Affairs (MoFA) press conference on Tuesday, spokesperson Zhao Lijian took on a US move to revoke student visas for thousands of Chinese graduate students.
Some context: Last month, some 500 Chinese students studying in the US signed a letter condemning former President Trump...

sources

FMPRC: 2021年7月6日外交部发言人赵立坚主持例行记者会

Caixin: 500多名留美学生联名反映签证被拒外交部：敦促美方重审

US National Archives: Proclamation 10043

July 7, 2021

Reduce, reuse, recycle

The recycling industry has a lot to look forward to in the next five years. On Wednesday, the National Development and Reform Commission (NDRC) published its Five-Year Plan (FYP) for developing China’s circular economy. FYI: “Circular economy” refers to reducing, reusing, and recycling. Some context…

The recycling industry has a lot to look forward to in the next five years.
On Wednesday, the National Development and Reform Commission (NDRC) published its Five-Year Plan (FYP) for developing China’s circular economy.
FYI: “Circular economy” refers to reducing, reusing, and recycling.
Some context...

sources

NDRC: 国家发展改革委关于印发“十四五”循环经济发展规划的通知

Gov.cn: 关于印发《循环发展引领行动》的通知

July 6, 2021

Officials scramble to keep vaccination momentum going

Over the past week, China’s vaccination campaign slowed down a bit from the break neck speed of the two weeks prior. As of Monday, China had administered a total of 1.318 billion vaccine doses – up from 1.207 billion doses a week ago. Some quick math: This means a daily average of 15.96 million…

Over the past week, China’s vaccination campaign slowed down a bit from the break neck speed of the two weeks prior.
As of Monday, China had administered a total of 1.318 billion vaccine doses – up from 1.207 billion doses a week ago.
Some quick math: This means a daily average of 15.96 million...

sources

NHC: 新冠病毒疫苗接种情况

Sina: 河北三河处理一起严重扰乱疫情防控及疫苗接种正常秩序的行为

July 6, 2021

A piece of advice from Jiang Xiaojuan

Doesn’t it feel like everybody is just talking over each other these days? That’s why we found Jiang Xiaojuan’s recent commencement speech at Tsinghua University so refreshing. A little about Jiang: Jiang is an economist turned technocrat. She served in the belly of the beast as deputy secretary-g…

Doesn't it feel like everybody is just talking over each other these days?
That's why we found Jiang Xiaojuan’s recent commencement speech at Tsinghua University so refreshing.
A little about Jiang:

Jiang is an economist turned technocrat.
She served in the belly of the beast as deputy secretary-g...

sources

Tsinghua University: 跑好国家现代化征程中新的一棒 ——在公共管理学院2021年毕业典礼上的致辞

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