Insights

Ministry of Industry and Information Technology (MIIT) published the first batch of problematic mobile applications on January 22. Such apps illegally collected and used users’ personal information, as reported by JRJ.com on January 25. The list involves apps from many listed companies, including Tencent [0700:HK],...

PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on the same day. Notably, the policy this time adds anti-monopoly measures for the non-banking payments industry. Moreover, the regulation highlights the requirement of non-banking payment...

The China Development Bank (CDB) granted RMB488.8bn in loans for the protection and green development of the Yangtze River basin last year, representing an increase of 27% YoY, as reported by Xinhua on January 20. Specifically, RMB89.4bn was given to support the ecological preservation and...

Tencent [0700:HK] apologized on January 18 for its instant messaging software, QQ, for reading users’ browser history, after an internet article exposed it on January 17, as reported by The Paper on January 19. Tencent explained that the reading was to evaluate login security risks...

China’s Ministry of Education (MoE) stated that it will partner with other departments to further regulate the online education market, in an interview with the Central Commission for Discipline Inspection and the National Supervisory Commission (CCDI), according to the latter authority’s official website on January...

South Korean automaker Hyundai Motor [005380:KS] announced on January 15 that the firm has made an investment agreement with the government of Guangzhou development district to set up a wholly-owned hydrogen fuel cell company in the city, as reported by Xinhuanet on the same day....

China’s National Development and Reform Commission (NDRC) and nine other departments have jointly published a guideline on January 11, to facilitate the reuse of wastewater in the country over the next five years, as reported by Sina on the next day. According to the guideline,...

Tencent [0700:HK] announced on January 12 that the company will formulate its carbon neutrality strategy and plan, in response to the country’s 2060 carbon neutrality target, as reported by Sina on the same day. Tencent’s chairman and CEO, Pony Ma, stated that the firm will...

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