Author: Ningjing Liu

11 Mar Ganfeng Lithium Acquires Yili Hongda for RMB1.47bn

Posted at 16:15 by Ningjing Liu

Chinese lithium producer Ganfeng Lithium [1772:HK] and its wholly-owned subsidiary Qinghai Liangcheng announced plans to fully acquire Yili Hongda for RMB1.47bn, which would give the companies a 49% stake in the latter’s Minmetals Salt Lake project, as reported by Sohu on March 9. The deal...

11 Mar Premier Li Outlines Five-Year Plan for Carbon Emissions Reduction

Posted at 13:04 by Ningjing Liu

Chinese Premier Li Keqiang stated the country targeted to reduce energy consumption per unit of GDP by 13.5% and carbon emissions per unit of GDP by 18% between 2021 and 2025, as part of the 14th Five-Year Plan (FYP), as reported by Sina on March...

04 Mar Superlarge Coal Mine in Shaanxi Passes Safety Check

Posted at 14:10 by Ningjing Liu

The Kekegai coal mine in Shaanxi Province has passed the safety check from the National Mine Safety Administration, as reported by Caixin on March 3. The mine has an annual production capacity of 10m tons, qualifying it as a superlarge coal mine, which referred to...

01 Mar SPIC to Spend RMB115bn in Green Transportation System Development

Posted at 13:45 by Ningjing Liu

Zu Bin, chairman of state-backed power generator State Power Investment Corporation (SPIC) has announced plans to invest RMB115bn in the next five years to push forward the company’s green transportation system development, as reported by Caixin on February 27. Specifically, the company targets to introduce...

23 Feb State Council Issues Guideline for Green, Low-Carbon Circular Economy

Posted at 15:52 by Ningjing Liu

China’s State Council has published a guideline on February 22, to accelerate the development of a green and low-carbon circular economy, as reported by Xinhua on the next day. According to the guideline, the country targets to witness a significant improvement in its industrial, energy...

23 Feb Sinopec to Build 1,000 Hydrogen Fueling Stations by 2025

Posted at 15:48 by Ningjing Liu

China’s state-backed oil and gas firm Sinopec [SNP:US] announced plans to build 1,000 hydrogen refueling stations in China in the next five years, marking a significant increase from the 27 pilot stations the company owned as of the end of 2020, as reported by Caixin...

09 Feb CPI, IFS Release Report on China’s Climate Finance Potential

Posted at 11:00 by Ningjing Liu

The Climate Policy Initiative (CPI) and Beijing Institute of Finance and Sustainability (IFS) have jointly published a report, commenting on the potentials for climate finance and green finance development in China, as reported by Sina on February 5. The reports stressed the importance to mobilize...

07 Feb CBIRC Publishes Corporate Governance Assessment of Insurance Holding Groups

Posted at 13:53 by Ningjing Liu

CBIRC published its evaluation results for the corporate governance performance of ten Chinese insurance holding groups in 2020, as reported by financialnews.com.cn on February 4. Specifically, six of the ten groups, including PICC [1339:HK], China Reinsurance [1508:HK], China Taiping Insurance [0966:HK], China Pacific Insurance [2601:HK],...

07 Feb Three Departments Release Plan for Elderly Care Industry Cluster

Posted at 10:31 by Ningjing Liu

China’s NDRC, Ministry of Civil Affairs (MCA), and National Health Commission (NHC) have articulated a plan to establish a set of demonstrative elderly care industry cluster in regions with suitable socio-economic and ageing levels by 2022, as reported by Sina on February 2, citing their...

04 Feb IPE, NCSC Publish Report on Corporate GHG Reporting in China

Posted at 14:50 by Ningjing Liu

China’s Institute of Public & Environmental Affairs (IPE), National Center for Climate Change Strategy, International Cooperation (NCSC), and other agencies have jointly published a report that evaluates the greenhouse gas (GHG) emission reporting situation in the country, as reported by Sina on January 29. According...

22 Jan CDB Offers RMB488.8bn in Loans for Yangtze River Protection

Posted at 11:25 by Ningjing Liu

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...

22 Jan FAW-Volkswagen Purchases 30,160 Green Electricity Certificates from Huadian Kangbao

Posted at 11:15 by Ningjing Liu

The Foshan branch of FAW-Volkswagen, the joint venture between FAW Group and Volkswagen [VOW:GR], purchased 30,160 green electricity certificates from Hebei Huadian Kangbao Wind Power in a deal on January 18, which corresponded to 30.16m kilowatt-hours (kWh) of non-hydro renewable power in total, as reported...

15 Jan MEE Requires Implementation Plans from Local Governments to Peak Carbon Emissions

Posted at 12:06 by Ningjing Liu

China’s Ministry of Ecology and Environment (MEE) has ordered local governments to establish clear goals and implementation plans for hitting carbon emission peak by 2030, especially for key industries including steelmaking, construction, chemicals, coal, power generation, and more, according to its newly published a guideline...

15 Jan China to Improve Wastewater Recycling in Next Five Years

Posted at 12:00 by Ningjing Liu

China’s National Development and Reform Commission (NDRC) and nine other departments have jointly published a guideline on January 11, to facilitate the reuse of wastewater in the country over the next five years, as reported by Sina on the next day. According to the guideline,...

08 Jan MEE, CDB Sign MoU to Support Ecological Protection

Posted at 14:51 by Ningjing Liu

Ministry of Ecology and Environment (MEE) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) on January 6, to continue supporting ecological and environmental protection projects in the country in the next five years, as reported by Sina on the next day....