Swedish oat drink company Oatly [OTLY:US], founded in 1994, went public on Nasdaq on May 20 at a valuation of over USD10bn, pricing its IPO at USD17 per share, as reported by Jiemian.com on May 21. Oatly listed its shares at the high end of...
National Development and Reform Commission (NDRC), Cyberspace Administration of China (CAC), Ministry of Industry and Information Technology (MIIT), and National Energy Administration (NEA) on May 26 jointly released an implementation plan to build data center clusters, as reported by Caixin on May 27. The plan...
Principles for Responsible Investment (PRI) requires compulsory disclosures of all signatories’ performances on responsible investment annually, except for a one-year grace period of voluntary disclosure for new members. After reports submitted, PRI will assess signatories on their responses in each module and send them a...
NDRC is preparing an action plan on plastic pollution control in the 14th Five-Year Plan (FYP) period, according to relevant personnel from the Department of Resource Conservation and Environmental Protection in NDRC, as reported by Shanghai Securities News on May 25. The action plan is...
Chinese largest battery maker Contemporary Amperex Technology (CATL) [300750:CH] announced on May 21 that it will release sodium-ion batteries around July, according to Caixin on May 25. The company also said that the price of the new sodium-ion battery will be slightly higher than that...
CFA Institute published the first draft of its voluntary industry standard, namely the ESG Disclosure Standards for Investment Products, for feedback on the proposed principles, requirements, and recommendations, according to its own website on May 19. The Standards aim at clarity and efficiency in identifying,...
The Cyberspace Administration of China (CAC) published a notice on its official website on May 21, naming 105 mobile apps for illegal collection and use of personal data. The notice stated that the CAC launched an investigation on commonly-used apps after receiving complaints from users regarding personal data infringement. Apps...
China’s Ministry of Ecology and Environment (MEE) officially published a set of interim rules for carbon emission rights trading, governing registration, trading specification, and settlement of emission rights for the national emissions trading system (ETS) on May 17. Prior to trading, local governments should first...
The municipality of Beijing is accelerating the launch of a green finance pilot zone in order to further improve the quality and effectiveness of the finance sector to support green technology development and promotion, as reported by CINIC on May 19. In the meantime, the...
State-owned China Southern Power Grid Company (CSG) on May 15 released its implementation plan to build a new electricity system with renewables as the dominant energy from 2021 to 2030, as reported by Caixin on May 17. During the decade, CSG would increase the new...
NDRC and National Energy Administration (NEA) jointly published a notice on facilitating electricity spot market pilot projects on April 28, as reported by Caixin on May 10. The document called for the promotion of new energy inclusion in the markets, cross-region electricity transmission projects, and...
China Banking Association (CBA) has established a working group for Chinese banking institutions to support the goal of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060, said Deputy Secretary General of CBA Guo Sanye, as reported by China Finance Online on May...
The Cyberspace Administration of China (CAC) released draft rules on automotive data security and management on May 12, imposing new restrictions on user data collection and processing of automakers, as reported by Caixin on the same day. According to the proposed regulations, automobile data operators...
The Ministry of Transport (MoT), the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology (MIIT), and five other departments jointly held a regulatory meeting on May 14 with ten online ride-hailing providers, such as Didi Chuxing, Meituan [3690:HK], and Huolala, as...
Chinese dairy conglomerate Mengniu [2319:HK] apologized on May 7, after its marketing campaign running in partnership with the iQIYI [IQ:US] show Youth with You 3 went awry. The apology came after a video showing a group of middle-aged people opening dairy bottles and pouring milk...
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