Insights

Four financial firms including UBS [UBS:US], Singapore’s DBS [DBS:SP], Denmark’s Danske Bank [DANSKE:DC], and Amsterdam-based ABN AMRO Bank [ABN:NA] issued a joint press release on June 30 with Harvard Business School’s Impact-Weighted Accounts Initiative (IWAI) and the Impact Institute, announcing that they would ally to...

South Korea plans to accelerate large-scale R&D projects for rechargeable batteries in the form of public-private partnerships (PPP), as reported by The Korea Herald on July 1. According to South Korea’s Finance Minister Hong Nam-ki in a meeting in Seoul earlier that day, the government...

The Securities and Futures Commission (SFC) of Hong Kong issued a circular on June 29 regarding enhanced disclosures for ESG-related funds, according to an official announcement by the SFC later that day. The circular replaced a previous version released in 2019 to management companies of...

Amid the rising awareness of ESG issues, Asian governments are prioritizing ESG related regulations and developing rules to push forward more accountable and sustainable development of companies. The Hong Kong Stock Exchange (HKEX) is proposing changes to its Corporate Governance Code and Listing Rules to...

Japanese electronics company Panasonic [6752:JP] sold all its shareholdings of Tesla [TSLA:US] for approximately JPY400bn (USD3.6bn) by the end of March in 2021, as reported by Reuters on June 25, citing the company’s spokesman. As Tesla occupied the majority of its battery business, Panasonic explained...

China’s National Energy Administration (NEA) plans to carry out pilot programs for rooftop distributed photovoltaic (PV) panels across the country, in order to accelerate the development of rooftop distributed PVs, as reported by National Business Daily on June 23. NEA mentioned that the country had...

Samsung Electronics [005930:KS], a subsidiary of South Korean conglomerate Samsung Group, and Korea Electric Power Corporation (KEPCO) [015760:KS] signed an agreement on June 28 about a partnership to develop smart home energy solutions for customers, according to The Korea Herald on the same day. Samsung...

Xpeng [XPEV:US], a Chinese electric vehicle (EV) manufacturer listed in the New York Stock Exchange (NYSE), aims to raise up to USD2.3bn (HKD17.6bn) in a secondary IPO in Hong Kong, as reported by South China Morning Post on June 25. On June 23, the listing...

NTPC Ltd [NTPC:IN], India’s largest power generator, recently announced its target to install 60 gigawatts (GW) of renewable energy by 2032, almost doubling its earlier commitment of 32GW, as reported by The Economic Times on June 24. Most of the renewables expansion is expected to...

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