Insights

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...

08 Mar CSRC Includes ESG Information in Listed Firms’ Investor Relation Management

Posted at 14:49 by Cici Luo

CSRC drafted revisions of the guidelines on the investor relation management of listed companies on February 5 for public opinions, which, for the first time, included ESG related information in the communication content between listed companies and their investors, as reported by Caixin on February...

04 Mar Superlarge Coal Mine in Shaanxi Passes Safety Check

Posted at 14:10 by Ningjing Liu

The Kekegai coal mine in Shaanxi Province has passed the safety check from the National Mine Safety Administration, as reported by Caixin on March 3. The mine has an annual production capacity of 10m tons, qualifying it as a superlarge coal mine, which referred to...

03 Mar Inner Mongolia to Stop Cryptocurrency Mining for Energy Saving

Posted at 17:32 by Zoe Zhou

Inner Mongolia announced to completely shut down and clean up all cryptocurrency mining projects before the end of April 2021, and prohibit establishing any new projects at the same time, following the dual energy consumption control targets in the 14th Five-Year Plan (FYP), as reported...

03 Mar IIGF Partners with Qontigo to Develop Chinese Sustainable Investment Products

Posted at 15:45 by Cici Luo

Qontigo, a portfolio management and index service provider, has announced an exclusive partnership with the International Institute of Green Finance (IIGF) under the Central University of Finance and Economics (CUFE) to develop sustainable investment products with Chinese characteristics, as reported by Eastmoney on March 1....

02 Mar OneConnect and SGX Collaborate on Establishing APAC ESG Platform

Posted at 16:06 by Zoe Zhou

OneConnect Financial Technology [OCFT:US], a fintech subsidiary of Ping An Insurance Group [2318:HK], announced that the firm has inked a memorandum of understanding (MoU) with Singapore Exchange (SGX) [SGX:SP] to jointly establish an ESG platform for the Asia-Pacific region (APAC), as reported by Qianlong.com on...

02 Mar China, US Become Co-Chairmen of G20 Re-established Sustainable Financial Study Group

Posted at 14:09 by Zoe Zhou

The G20 re-established the Sustainable Finance Study Group (SFSG) for preventing finance risks caused by climate change, and supporting disclosures of climate-related information, as reported by Caixin in February 28. The co-chairmen of SFSG are China’s PBoC and the US Department of the Treasury, which...

01 Mar CATL Plans to Add RMB10.5bn for NEV Battery Capacity Expansion

Posted at 16:06 by Cici Luo

Chinese battery maker Contemporary Amperex Technology (CATL) [300750:CH] announced on February 25 to invest up to RMB10.5bn in the expansion project of its new energy vehicle (NEV) battery production lines in Jiangsu Province, as reported by Sina on the same day. Notably, this is the...

01 Mar SPIC to Spend RMB115bn in Green Transportation System Development

Posted at 13:45 by Ningjing Liu

Zu Bin, chairman of state-backed power generator State Power Investment Corporation (SPIC) has announced plans to invest RMB115bn in the next five years to push forward the company’s green transportation system development, as reported by Caixin on February 27. Specifically, the company targets to introduce...

26 Feb EU SFDR Has Arrived: What it Means for All Investment Managers & Advisors

Posted at 14:31 by Una Qu

Executive Summary EU’s Sustainable Finance Disclosure Regulation (SFDR) will become effective on March 10th, 2021. SFDR will also affect all asset management and advisory firms globally, including those in APAC and China who either: 1. have UCITS products;2. provide advisory services to EU asset managers or asset...

25 Feb State Council Issues Guidelines to Enhance Green Finance Development

Posted at 15:49 by Zoe Zhou

State Council on February 22 published guidance about establishing a green low-carbon and circular development economic system, as reported by Caixin on the same day. In the finance area, the guidance requires to enhance the domestic green finance development, such as green credits, green direct...

24 Feb South Korean KIC Reduces US-listed Coal Stock Investments

Posted at 10:24 by Sophia Gu

South Korea’s sovereign wealth fund Korea Investment Corp. (KIC), with USD183.1bn worth of assets under management (AUM), cut its coal stock exposure in the US, as reported by The Korea Herald on February 17. Despite this, KIC’s investments in US-listed coal shares are still more...

23 Feb State Council Issues Guideline for Green, Low-Carbon Circular Economy

Posted at 15:52 by Ningjing Liu

China’s State Council has published a guideline on February 22, to accelerate the development of a green and low-carbon circular economy, as reported by Xinhua on the next day. According to the guideline, the country targets to witness a significant improvement in its industrial, energy...

23 Feb Sinopec to Build 1,000 Hydrogen Fueling Stations by 2025

Posted at 15:48 by Ningjing Liu

China’s state-backed oil and gas firm Sinopec [SNP:US] announced plans to build 1,000 hydrogen refueling stations in China in the next five years, marking a significant increase from the 27 pilot stations the company owned as of the end of 2020, as reported by Caixin...

22 Feb CSRC to Punish 14 Audit and Evaluation Agencies after 2020 Annual Inspection

Posted at 14:32 by Sophia Gu

CSRC on February 19 issued the inspection results of audit and evaluation institutions in 2020, as reported by Caixin on the same day. Based on the overall and special inspections, CSRC announced to impose relevant penalties on eight audit agencies, 28 certified public accountants, six...