Insights

13 May MIIT Publishes New Steel Capacity Swap Rules

Posted at 15:59 by Ningjing Liu

China’s Ministry of Industry and Information Technology (MIIT) published new swap rules for new steel production capacity, in order to accelerate the elimination of low-grade and outdated steelmaking capacity and strengthen air pollution control, as reported by Caixin on May 7. According to the latest...

12 May Shanghai Applies First Virtual Power Plant Initiative

Posted at 16:38 by Jingyun Liu

Shanghai launched its first virtual power plant (VPP) action on May 6, as reported by Xinhuanet on May 10. The VPP project covers various types of resources including electric vehicle charging piles, commercial buildings, industrial parks, combined cooling heating and power system (CCHP), energy storage...

12 May Arabesque S-Ray Partners with Seneca ESG

Posted at 11:00 by SenecaESG

Arabesque S-Ray and Seneca ESG will collaborate to integrate Arabesque S-Ray’s climate-focused Temperature Score and Emissions data into Seneca ESG’s ZENO software platform. The integration will enable investment firm users of ZENO to gain immediate access to underlying and abstracted climate data on thousands of companies...

08 May INE Issues Consultation Documents on Chinese First Crude Oil Options

Posted at 18:25 by Tina Zhang

Shanghai International Energy Exchange (INE), a subsidiary of Shanghai Futures Exchange (SHFE), published consultation papers on May 6 for the INE Crude Oil Options Contract Specifications, Options Trading Rules of the Shanghai International Energy Exchange, and revisions on related implementation rules, as reported by Caixin...

06 May Tencent May Face RMB10bn Anti-Monopoly Penalties by SAMR

Posted at 16:46 by Jingyun Liu

Chinese technology company Tencent [0700:HK] may be the next target of the anti-monopoly campaign initiated by the State Administration for Market Regulation (SAMR), as reported by Reuters on April 29. As part of the county’s antitrust clampdown on the domestic internet giants, it is expected...

29 Apr An Overview of Global Net-zero Carbon Initiatives for Investors

Posted at 14:22 by Tina Zhang

The 26th UN Climate Change Conference (COP26) will be held in Glasgow from November 1 to 12, 2021, which draws attention to achieve the targets set in the Paris Agreement in 2015. The Paris Agreement targets include limiting global warming within this century to below...

29 Apr Huawei Starts Selling Electric SUV in Flagship Stores across China

Posted at 14:16 by Jingyun Liu

Chinese telecom and technology company Huawei and Chongqing Sokon Industry Group’s [601127:CH] high-end auto brand SERES jointly launched the new version of SF5, an electric SUV on April 19, according to Huawei’s official press on the same day. Huawei's flagship stores started selling the electric...

29 Apr SAMR Launches Anti-Monopoly Investigation into Meituan

Posted at 13:48 by Ningjing Liu

China’s antitrust watchdog, State Administration for Market Regulation (SAMR), launched an investigation into Tencent-backed [0700:HK] food delivery giant, Meituan [3690:HK], for the internet company’s potential abuse of the market dominance position by forcing vendors into exclusive deals, known as ‘picking one from two’ (POFT), as...

29 Apr NPC Reviews Second Draft of Personal Information Protection Law

Posted at 11:22 by Ningjing Liu

China’s top legislature, the Standing Committee of the National People’s Congress (NPC), has received the latest draft of the country’s first personal information protection law (PIPL) for regulatory review, following the first draft published in October 2020, as reported by Caixin on April 27. The...

28 Apr Yi Gang: PBoC Will Increase Support for Green Finance and Emission Reduction

Posted at 16:52 by Jingyun Liu

PBoC will increase green bonds in foreign exchange reserves, limit investments in high-carbon assets, and include climate-related factors in the risk management framework, said PBoC Governor Yi Gang at the Boao Forum for Asia Annual Conference 2021 in Hainan province, as reported by Caixin on...

28 Apr Greenpeace Publishes Carbon Neutrality Ranking of Chinese Internet Firms

Posted at 11:02 by Zoe Zhou

Greenpeace, an environmental protection non-governmental organization (NGO), published the Clean Cloud 2021, a ranking list of energy-related information disclosures and renewable energy use in China’s technology and internet industry, as reported by Caixin on April 21. Specifically, Tencent [0700:HK] topped Chinese internet cloud services companies,...

22 Apr Sustainability Reporting: GRI and SASB Complement Each Other

Posted at 15:57 by Haiyan Luo

In the field of sustainability information, there are an increasing number of players with different roles, such as investors, corporates, regulators, NGOs, and other civil societies, forming a dynamic ecosystem of sustainability information. Sustainability standard is the foundation of this ecosystem, where the Global Initiative...

22 Apr China, US Release Joint Statement Addressing Climate Crisis

Posted at 11:45 by Jingyun Liu

China and the US released a joint statement to fight climate crisis on April 18, following a meeting between Chinese special climate envoy, Xie Zhenhua, and US special presidential envoy for climate, John Kerry, according to the official website of China’s Ministry of Ecology and...