British asset management company Schroders [SDR:LN] and the US non-profit Conservation International will jointly launch a nature-focused venture capital firm in Singapore named Akaria Natural Capital, as reported by Reuters on July 25. Akaria Nature Capital will be one of the first fund managers in...
Atlas Capital plans to raise USD10m for its fund next month to assist US climate tech startups looking to grow into Southeast Asia, as reported by Nikkei Asia on July 24. Atlas Capital is a Beijing-based private equity firm specializing in the new technology, entertainment, and...
Two Pizza Hut outlets in Beijing's Fengtai and Haidian districts have been closed due to food safety concerns, as reported by Nikkei Asia on July 22. According to an undercover report, the two outlets continuously reused cooking oil and placed fake expiration dates on food...
Environmental, social, and corporate governance (ESG) issues are undeniably becoming key components of disclosure for corporates and financial institutes around the world. In Asia, a flurry of ESG-related disclosure rules has hit the market in recent years, driving companies to issue sustainability reports and communicate...
Liaoning Fangda Group Industrial is looking for a RMB20bn (USD3bn) emergency loan to help with the running of Hainan Airlines [600221:CH], the main airline business of the HNA group, as reported by Caixin on July 16. The Hainan Provincial Government is assisting Liaoning Fangda in...
China’s Central Bank, the People’s Bank of China (PBoC), has imposed a RMB4.27m (USD632,170) fine on the digital payment arm of ride-hailing platform Didi Chuxing for a series of violations, as reported by Reuters on July 15. The company was involved in 12 illegal activities...
Contemporary Amperex Technology Limited (CATL) [300750:CH] is contemplating at least two locations in Mexico as the site of its new manufacturing factory for electric vehicle (EV) batteries, as reported by Caixin on July 18. CATL intends to construct a battery facility with an annual capacity...
South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp [017940:KS] entered the hydrogen industry by establishing eco-friendly automobile fuel stations in the country, as reported by the Korea Economic Daily on July 19. The company has built up hydrogen fueling stations at three of...
LG Uplus [032640:KS], the mobile phone arm of South Korea’s LG Group [003550:KS], has pledged to recycle 100% of the industrial waste from its factories by 2025, as reported by the Korea Economic Daily on July 18. The pledge is included in the mobile manufacturer’s...
The Singapore Exchange Regulation (SGX RegCo) is establishing the ESGenome disclosure portal, which gives investors access to companies’ climate disclosures, to help harmonize sustainability reporting from listed companies, as reported by Strait Times on July 19. The portal can guide enterprises to enter the necessary...
South Korean energy giant SK E&S, a unit of SK Group [034730:KS], unveiled its KRW33bn (USD25m) investment plan in Monolith Materials, an American clean hydrogen and materials company, as reported by the Korea Herald on July 18. Monolith Materials, founded in 2013, has commercialized turquoise hydrogen,...
Beijing Hyundai Motor, a joint venture (JV) of Hyundai Motor [005380:KS] and BAIC Motor [1958:HK], aims to release two electric vehicle (EV) models specifically for the Mainland in order to revive its market sales, as reported by the Korea Economic Daily on July 18. In...
China Banking and Insurance Regulatory Commission (CBIRC) issued more rules on online lending by commercial banks, including loans jointly issued with third-party internet platforms, as reported by Caixin Global on July 16. According to a Q&A document published by the CBIRC on July 15, lending...
China is promoting green buildings to peak carbon emissions from urban and rural construction by 2030, as reported by Caixin on July 14. According to an action plan issued by the Ministry of Housing and Urban-Rural Development (MHURD) and the National Development and Reform Commission...
On May 23, the Beijing Power Exchange Center published new rules for green power trading, in line with the National Development and Reform Commission (NDRC)’s policy on green electricity trading pilots in August 2021. As China is still exploring effective approaches to upgrade its energy...
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