Insights

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...

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...

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...

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]...

Asian Infrastructure Investment Bank’s (AIIB) Board of Directors approved a revised Environmental and Social Framework (ESF), reasserting its commitments to environmental and social standards on May 21, as reported by People’s Daily on May 27. The revisions mainly include further strengthening commitment to combating climate...

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...

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