Insights

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...

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...

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...

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...

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...

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...

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...

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...

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...

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