China and the US released a joint statement to fight climate crisis on April 18, following a meeting between Chinese special climate envoy, Xie Zhenhua, and US special presidential envoy for climate, John Kerry, according to the official website of China’s Ministry of Ecology and...
CSRC stated on April 19 that it was formulating rules to prohibit separated employees from the authority to hold shares of a proposed IPO company through improper practices, as reported by Caixin on April 20. Relevant regulations include four measures to completely prohibit improper shareholding....
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...
Chinese electric vehicle (EV) maker NIO [NIO:US] and state-owned oil enterprise Sinopec [SNP:US] signed a strategic collaboration agreement on April 15 to build EV battery swapping stations across the country, as reported by Caixin on April 16. NIO plans to accelerate the establishment of its...
US asset manager BlackRock [BLK:US] and Singapore's government-owned investment firm Temasek announced on April 13 that they agreed to establish a decarbonization partnership, and plan to launch a series of investment funds for carbon reduction, as reported by Caixin on the same day. Based on...
China’s three major long video platforms iQiyi [IQ:US], Tencent’s [0700:HK] Tencent Video, and Alibaba-backed [BABA:US] Youku, along with other 70 organizations issued a joint statement on April 9, calling on content producers and operators of short video platforms and social media public accounts to respect...
Scenario analysis refers to a tool that considers various plausible outcomes in the future and analyzes possible pathways and responses by giving a set of assumptions and factors. Different from accurate predictions, scenario analysis requires an entity to take all plausible future situations into account...
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...
CSRC exposed that LeTV had conducted financial frauds for ten consecutive years from 2006 to 2017, resulting in false records in both IPO prospectus disclosed in 2010 and its non-public offering in 2016, as reported by Caixin on April 12. Based on the investigation results,...
Ministry of Industry and Information Technology (MIIT) published on March 22 that it planned to add a clause to the Detailed Rules for the Implementation of the Tobacco Patent Sales Law, indicating that electronic cigarettes and other new tobacco products shall be subject to the...
State Administration for Market Regulation (SAMR) on April 10 announced administrative punishments on Alibaba [BABA:US] for the abuse of its dominant market position according to the Anti-Monopoly Law, as reported by Caixin on the same day. SAMR ordered Alibaba to stop its illegal acts and...
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...
The COVID-19 pandemic has created greater challenges than ever for most companies, CEOs of which started to shift their focus to resilience of business models. According to a research conducted by KPMG, 67% of the respondents said they had to rethink their global supply chains,...
CSRC on April 2 claimed to reward the whistleblowers for disclosing violations of five listed companies, which are Sihuan Biological [000518:CH], Tianbao Foods [002220:CH], Jilin Pharmaceutical Holdings [300108:CH], Dehua Numonyx, and Jilin Sendong, with the latter two listed on the New Third Board, as reported...
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