21 Jan 2022
Trivium Markets keeps you briefed on the latest developments in China markets policy.
On Thursday, the Ministry of Housing and Urban-Rural Development (MoHURD) held its annual work conference.
The main message: Cheaper housing, and greener too, please.
The meeting settled on some high-level goals, including (Gov.cn):
Promoting the long-term, sustainable development of...
April 29, 2024
Last week, Chongqing-based Jinke Property Group said it had received court approval to start bankruptcy reorganization. This isn’t as bad as it sounds. Some context: Rather than liquidating Jinke’s assets, a bankruptcy reorganization allows the firm to continue operating while… Read More »
April 29, 2024
The Ministry of Commerce (MofCom) and Ministry of Finance (MoF) have finally released their highly anticipated implementation rules for auto trade-in subsidies. (and they kinda suck.) Per the implementation rules, released on Friday: The trade-in program accepts new energy vehicles… Read More »
April 29, 2024
Industrial profits dropped 3.5% y/y in March (NBS). This monthly print ends seven consecutive months of profit growth. The drop in industrial profits wasn’t driven by rising costs. We estimate the cost of sales fell 0.8% y/y. Instead, it was… Read More »