Insights

07 Apr GBA’s First Large Offshore Wind Project Starts Power Generation

Posted at 15:54 by Ningjing Liu

Zhuhai Jinwan offshore wind farm, the first large-capacity offshore wind power project in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), has been connected to the grid and started power generation on April 2, as reported by Xinhua on the same day. Funded by state-owned Guangdong...

06 Apr SZSE Merges Its Main and SME Boards

Posted at 16:40 by Cici Luo

The Shenzhen Stock Exchange (SZSE) on April 6 officially merged its Small and Medium Enterprise (SME) Board into the Main Board, as reported by Caixin on the same day. After the merger, SZSE unified the operation rules and regulatory supervision over the two markets, while...

06 Apr China Releases USD15.7bn Green Bonds in 1Q21, Surpassing the US

Posted at 11:17 by Zoe Zhou

The latest statistics of international data provider Refinitiv showed that China issued green bonds with a scale of approximately USD15.7bn for clean and renewable energy related projects in the first quarter of this year, as reported by Xinhuanet on April 2. The reading was about...

01 Apr Green Taxonomies: China, EU, and Common Ground Taxonomy

Posted at 13:37 by Una Qu

After the UK first announced its 2050 carbon neutrality by legislation in 2008, as of 2020, 30 countries and regions worldwide had proposed their carbon neutrality targets. Among them, as a member of Paris Agreement, China also promised to peak the country’s carbon emissions by...

01 Apr MEE Launches Public Consultation of National ETS Draft Law

Posted at 10:32 by Ningjing Liu

China’s Ministry of Ecology and the Environment (MEE) has started the public review of its newly released draft legislation for the national carbon emissions trading scheme (ETS), as reported by Caixin on March 31. The revised law will then be submitted to State Council for...

31 Mar Chinese Financial Regulators Require to Improve Credit Rating Quality for Bonds

Posted at 15:50 by Cici Luo

PBoC, NDRC, the Ministry of Finance (MoF), CBIRC, and CSRC jointly drafted a notice on promoting the high quality and healthy development of the credit rating industry in the bond market for public consultation on March 28, as reported by Caixin on March 29. The...

30 Mar GWM to Launch First Hydrogen-Powered SUV in 2021

Posted at 17:12 by Ningjing Liu

Chinese automobile manufacturer Great Wall Motor (GWM) [2333:HK] announced its five-year plan for hydrogen power development, as reported by Caixin on March 30. The company plans to launch its first hydrogen fuel cell sport utility vehicle (SUV) and produce 100 49-ton hydrogen heavy trucks before...

29 Mar China Coal Group Doubles Coal Production Capacity, Reaching 580m Tons

Posted at 15:09 by Cici Luo

China’s SASAC announced on March 26 that China National Coal Energy Group (China Coal Group) took over the coal asset management right of Guoyuan Times Coal Asset Management (Guoyuan Company) on March 25, worth RMB140bn with a production capacity of 280m tons, as reported by...

29 Mar Wuchan Zhongda Imports 3,096 Tons of Recycling Iron-Steel Materials from South Korea

Posted at 13:57 by Zoe Zhou

State-owned Wuchan Zhongda Group’s [600704:CH] subsidiary Zhejiang Metals and Materials Company (ZMMC) imported 3,096 tons of recycling iron-steel materials from South Korea, cleared and released on March 18 after the on-site inspection and laboratory identification by the Jingtang Port Customs in Hebei Province, as reported...

26 Mar Trust Companies Launch Several Carbon Neutrality Related Products

Posted at 11:48 by Cici Luo

Chinese trust companies have been launching carbon neutrality-themed trust products recently, as reported by Caixin on March 18. In February, AVIC Trust, China Energy Conservation Association, and Shanghai Treasure Carbon jointly set up the country’s first carbon neutrality-themed green trust plan, with an initial scale...

25 Mar Why Materiality Matters to Measuring ESG Impact?

Posted at 11:31 by Haiyan Luo

Nowadays, both companies and investors are spending more resources on ESG issues. A core question has emerged, that is, which ESG issues are financially material and why. This is important not only for companies to manage their resources properly, but also for investors who seek...

24 Mar GEIDCO Proposes to Build China Energy Internet for Carbon Emission Reduction Targets

Posted at 15:27 by Zoe Zhou

Global Energy Interconnection Development and Cooperation Organization (GEIDCO), a non-governmental and non-profit organization initiated by State Grid, held a carbon peak and carbon neutrality achievement seminar in Beijing, as reported by Guancha.cn on March 20. For the first time, GEIDCO proposed a systematic plan about...

24 Mar MIIT Publishes New Industry Regulations for PV Manufacturing

Posted at 15:06 by Ningjing Liu

The Ministry of Industry and Information Technology (MIIT) has published new industry regulations for the photovoltaic (PV) manufacturing sector, as the latest update to the 2018 rules, as reported by Caixin on March 12. The new regulations have taken effect from March 15, 2021. Notably,...

23 Mar SHCH Helps CDB Issue First Carbon Neutrality Green Financial Bond

Posted at 14:23 by Zoe Zhou

Shanghai Clearing House (SHCH) assisted China Development Bank (CDB) to issue the first carbon neutrality-themed green financial bond to global investors by public bidding, as reported by Sina Finance on March 18. The scale of this issuance is RMB19.2bn with a maturity of three years...