Author: Zoe Zhou

28 Apr Greenpeace Publishes Carbon Neutrality Ranking of Chinese Internet Firms

Posted at 11:02 by Zoe Zhou

Greenpeace, an environmental protection non-governmental organization (NGO), published the Clean Cloud 2021, a ranking list of energy-related information disclosures and renewable energy use in China’s technology and internet industry, as reported by Caixin on April 21. Specifically, Tencent [0700:HK] topped Chinese internet cloud services companies,...

21 Apr CSRC to Ban Ex-Serving Staff from Improper Shareholding in Pre-IPO Firms

Posted at 17:31 by Zoe Zhou

CSRC stated on April 19 that it was formulating rules to prohibit separated employees from the authority to hold shares of a proposed IPO company through improper practices, as reported by Caixin on April 20. Relevant regulations include four measures to completely prohibit improper shareholding....

19 Apr NIO, Sinopec Plan to Add 300 Battery Swapping Stations This Year

Posted at 16:02 by Zoe Zhou

Chinese electric vehicle (EV) maker NIO [NIO:US] and state-owned oil enterprise Sinopec [SNP:US] signed a strategic collaboration agreement on April 15 to build EV battery swapping stations across the country, as reported by Caixin on April 16. NIO plans to accelerate the establishment of its...

16 Apr Film and Television Companies Release Joint Announcement against Short Video Infringement

Posted at 14:33 by Zoe Zhou

China’s three major long video platforms iQiyi [IQ:US], Tencent’s [0700:HK] Tencent Video, and Alibaba-backed [BABA:US] Youku, along with other 70 organizations issued a joint statement on April 9, calling on content producers and operators of short video platforms and social media public accounts to respect...

13 Apr CSRC Imposes RMB480m Penalties on LeTV and Jia Yueting for Financial Frauds

Posted at 16:38 by Zoe Zhou

CSRC exposed that LeTV had conducted financial frauds for ten consecutive years from 2006 to 2017, resulting in false records in both IPO prospectus disclosed in 2010 and its non-public offering in 2016, as reported by Caixin on April 12. Based on the investigation results,...

08 Apr CSRC Announces to Award Whistleblowers for Violations of Five Listed Companies

Posted at 12:12 by Zoe Zhou

CSRC on April 2 claimed to reward the whistleblowers for disclosing violations of five listed companies, which are Sihuan Biological [000518:CH], Tianbao Foods [002220:CH], Jilin Pharmaceutical Holdings [300108:CH], Dehua Numonyx, and Jilin Sendong, with the latter two listed on the New Third Board, as reported...

06 Apr China Releases USD15.7bn Green Bonds in 1Q21, Surpassing the US

Posted at 11:17 by Zoe Zhou

The latest statistics of international data provider Refinitiv showed that China issued green bonds with a scale of approximately USD15.7bn for clean and renewable energy related projects in the first quarter of this year, as reported by Xinhuanet on April 2. The reading was about...

29 Mar Wuchan Zhongda Imports 3,096 Tons of Recycling Iron-Steel Materials from South Korea

Posted at 13:57 by Zoe Zhou

State-owned Wuchan Zhongda Group’s [600704:CH] subsidiary Zhejiang Metals and Materials Company (ZMMC) imported 3,096 tons of recycling iron-steel materials from South Korea, cleared and released on March 18 after the on-site inspection and laboratory identification by the Jingtang Port Customs in Hebei Province, as reported...

24 Mar GEIDCO Proposes to Build China Energy Internet for Carbon Emission Reduction Targets

Posted at 15:27 by Zoe Zhou

Global Energy Interconnection Development and Cooperation Organization (GEIDCO), a non-governmental and non-profit organization initiated by State Grid, held a carbon peak and carbon neutrality achievement seminar in Beijing, as reported by Guancha.cn on March 20. For the first time, GEIDCO proposed a systematic plan about...

23 Mar SHCH Helps CDB Issue First Carbon Neutrality Green Financial Bond

Posted at 14:23 by Zoe Zhou

Shanghai Clearing House (SHCH) assisted China Development Bank (CDB) to issue the first carbon neutrality-themed green financial bond to global investors by public bidding, as reported by Sina Finance on March 18. The scale of this issuance is RMB19.2bn with a maturity of three years...

18 Mar IFRS Announces to Establish Global Sustainability Reporting Standards

Posted at 14:47 by Zoe Zhou

The International Financial Reporting Standards Foundation (IFRS) is planning to establish global sustainability reporting standards, and may announce to set up a sustainability standards board at the meeting of the United Nations Climate Change Conference COP26 this November, as reported by ESGToday on February 3....

15 Mar National Carbon Market May Prioritize Inclusion of Cement, Electrolytic Aluminum Industries

Posted at 10:55 by Zoe Zhou

The national carbon emission trading system (ETS) may give priority to including the cement and electrolytic aluminum industries, which also have good carbon emission data, following the 2,225 power generation enterprises, as reported by Yicai on March 11. In addition to the first inclusion of...

10 Mar MoT Asks Didi to Conduct Rectification for Price Increases

Posted at 17:45 by Zoe Zhou

The Ministry of Transport (MoT) held a meeting with ride-hailing giant Didi Chuxing on March 5, as reported by Caixin on the same day. Didi recently had adjusted its pricing system in some cities like Chengdu, where the firm raised prices at the passenger side...

09 Mar Chinese Departments to Allow Pledgees to Sell Pledged Stocks

Posted at 14:08 by Zoe Zhou

China’s Supreme People's Court, Supreme People’s Procuratorate, Ministry of Public Security, and CSRC on March 6 jointly published guidance on further regulating the courts to frozen pledged stocks of listed companies, effective from July 1, as reported by Caixin on March 7. This guideline provides...