Insights

10 Jun Apple Talks with CATL and BYD for Battery Supply of Apple Car

Posted at 15:03 by Sophia Lin

Apple [AAPL:US] is in early-stage talks with two Chinese electric vehicle (EV) battery manufacturers, Contemporary Amperex Technology (CATL) [300750:CH] and BYD [1211:HK], about battery supply for its future Apple Car, according to Reuters on June 8, citing people familiar with the matter. It remained unclear whether...

10 Jun China Energy Accelerates Wind and Solar Power Capacity Installation

Posted at 14:14 by Mars Guo

China Energy Investment Corporation (China Energy) announced on June 5 that it will add 15m kilowatts (kW), or 15 gigawatts (GW), of installed capacity of wind and solar power in 2021, as reported by Caixin on June 8. The new installed capacity of renewables in...

10 Jun TNFD: Bringing Nature Issues into Sustainable Financial Disclosures

Posted at 10:52 by Helena Zhu

The Taskforce on Nature-related Financial Disclosures (TNFD), a new global initiative aiming to give financial institutions and companies a complete picture of their environmental risks, officially launched on June 4, 2021. An Informal Working Group (IWG) began the preparation work in September 2020 with support and...

09 Jun PBoC to Introduce Mandatory Disclosure of Climate-related Information

Posted at 14:35 by Jingyun Liu

PBoC plans to implement mandatory disclosures of climate and carbon emission information, and further improve the classification of green bonds in collaborations with the EU and the US, said Governor Yi Gang at a conference hosted by the Bank for International Settlements (BIS), as reported...

08 Jun China Three Gorges Renewables Raises RMB22.7bn in A-share IPO

Posted at 16:39 by Sophia Lin

China Three Gorges Renewables [600905:CH] (CTG Renewables), a unit of state-owned clean energy group China Three Gorges (CTG), completed its IPO subscriptions and raised RMB22.7bn (USD3.55bn), as reported by Caixin on June 2. Later, the company will go public on the Shanghai Stock Exchange. This...

04 Jun Child Protection Organization Sues Tencent for Inducing Teen’s Gaming Addiction

Posted at 18:02 by Mars Guo

Beijing Children’s Law Aid and Research Center, the earliest legal child protection organization in China, announced on June 1 that it is suing Tencent [0700:HK] on its flagship mobile game, Honor of Kings, for infringing minor’s rights and interests, as reported by Caixin on June...

04 Jun Shenzhen Issues China’s First Local Comprehensive Data Legislation for Consultation

Posted at 17:24 by Jingyun Liu

The Standing Committee of the Shenzhen Municipal People’s Congress published its revised draft of Shenzhen Special Economic Zone Data Regulations for comments on May 31, as reported by Caixin on June 4. Focusing on personal data protection, the regulations proposed the concept of data rights...

03 Jun SAMR Fines 15 Private Tutoring Institutions RMB36.5m for False Advertising

Posted at 15:10 by Sophia Lin

China’s State Administration for Market Regulation (SAMR) imposed a fine of RMB36.5m (USD5.7m) in total on 15 educational companies across the country, as reported by Xinhuanet on June 1. The 15 institutions include New Oriental [EDU:US], TAL Education’s [TAL:US] Xueersi Online School, Wallstreet English, Alibaba-backed [BABA:US]...

03 Jun Secondhand Electronics Resale as Good Business: Aihuishou to Launch IPO on NYSE

Posted at 14:15 by Helena Zhu

Aihuishou, also known as Wanwu Xinsheng, China’s largest secondhand electronics resale platform, filed an IPO on the New York Stock Exchange (NYSE) on May 29 under the ticker RERE. Founded in 2011, Aihuishou’s services include electronics recycling and eco-processing, an online secondhand electronic product transaction platform,...

03 Jun MEE Involves Carbon Emission into Environmental Assessments of Industrial Projects

Posted at 13:49 by Tina Zhang

China’s Ministry of Ecology and Environment (MEE) issued new guidelines to tighten scrutiny over industrial projects with high energy use and emissions, in a move to promote the green and low-carbon transition, according to the ministry’s official release on May 31. Projects with high emission...

01 Jun NDRC, NEA Release 2021 Provincial Renewable Electricity Consumption Quotas

Posted at 16:45 by Mars Guo

National Development and Reform Commission (NDRC) and National Energy Administration (NEA) jointly released the renewable electricity consumption quotas for each province in 2021 and the expected targets in 2022 on May 25, as reported by Xinhuanet on May 26. Local energy departments are responsible for...

01 Jun CBIRC Shenzhen Office Proposes New Regulatory Policies for Green Finance

Posted at 14:10 by Jingyun Liu

CBIRC Shenzhen Office proposed to explore differentiated regulatory policies for green finance such as capital occupation, regulatory assessment, tolerance of non-performance, and other measures to further encourage financial institutions to innovate in green finance, as reported by Caixin on May 29. For instance, Shenzhen Office...

31 May China Resources Invested Oatly Goes Public on Nasdaq

Posted at 16:59 by Sophia Lin

Swedish oat drink company Oatly [OTLY:US], founded in 1994, went public on Nasdaq on May 20 at a valuation of over USD10bn, pricing its IPO at USD17 per share, as reported by Jiemian.com on May 21. Oatly listed its shares at the high end of...