US new energy vehicle (NEV) manufacturer Tesla [TSLA:US] is working on developing a platform in China that allows car owners to access their driving data, as reported by Caixin on May 8. The platform is expected to be put into operation by the end of...
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published new swap rules for new steel production capacity, in order to accelerate the elimination of low-grade and outdated steelmaking capacity and strengthen air pollution control, as reported by Caixin on May 7.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...
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...
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...
China’s Ministry of Commerce (MOFCOM), Ministry of State Security (MSS), and State Taxation Administration (STA) have jointly published a notice, outlining plans to ease secondhand vehicle trading regulations in the country, as reported by Caixin on April 19. The new rules will start trial operations...
China’s major financial authorities, including PBoC, CBIRC, CSRC, and SAFE, summoned Ant Group for another regulatory talk with Ant Group on April 12, as reported by Caixin on the next day. According to Pan Gongsheng, PBoC’s deputy governor, the talk, echoing the country’s recent efforts...
China Gas [0384:HK] announced that it would partner up with CNOOC Gas and Power, a subsidiary of state-backed oil and gas company CNOOC [0883:HK], to jointly support the development and utilization of hydrogen power and integrated power in China, as reported by Caixin on April...
China’s Ministry of Industry and Information Technology (MIIT) started a public consultation on a draft regulation set for the entry administration of the domestic intelligent connected vehicle (ICV) industry, as reported by Caixin on April 8. The draft regulation clarifies the definition of ICVs, and...
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...
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...
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...
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,...
Yi Gang, governor of PBoC, stated at a roundtable discussion that the central bank is currently planning to incorporate climate change factors into its policy framework, as reported by Caixin on March 21. Specifically, PBoC is looking into the possibilities for running climate stress tests...
State Grid-backed Yingda International Trust announced the issuance of the country’s first carbon neutrality-themed asset-backed commercial paper (ABCP), as reported by Sina on March 17. The ABCP is worth a total of RMB1.75bn. The raised funds will be used for three hydropower projects, two wind...
The Chinese government is planning to set up the national carbon emission right trading center in Shanghai, and the carbon quota registration center in Wuhan, as reported by Sina on March 18, citing people familiar with the matter. Currently, the Wuhan registration center is opening...
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