Insights

Tencent [0700:HK] on February 2 issued a response to TikTok’s lawsuit against it, stating that the allegations were inconsistent with the facts and malicious, as reported by Sina on February 3. Tencent pointed out that TikTok violated users' rights and claimed to sue ByteDance, TikTok’s...

State-owned rolling stock manufacturer CRRC Corporation [1766:HK] has finished its self-developed hybrid locomotive, equipped with a hydrogen fuel cell on January 27, as reported by People.cn on January 28. This is China’s first hybrid locomotive and is a breakthrough in use cases for hydrogen energy...

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...

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