The Monetary Authority of Singapore (MAS) will raise SGD2.4bn (USD1.7bn) via the issuance of 50-year sovereign green bonds with a coupon rate of 3.04%, as reported by Nikkei Asia on August 6. The Green Singapore Government Securities (Infrastructure), or Green SGS (Infra), is the government's longest-term...
The China Banking and Insurance Regulatory Commission (CBIRC) has fined the Bank of China's [3988:HK] (BoC) Shenzhen Branch a total of RMB11.3m (USD1.67m) for violating several laws and regulations, as reported by Sina Finance on August 6. The branch was accused of conducting unauthorized wealth management...
Australian pension fund NGS Super has divested from oil and gas firms to reach net-zero carbon emissions in its portfolio by 2030, as reported by Reuters on August 4. The assets sold were valued at a total of AUD191m (USD133m), including AUD75m (USD52m) in shares in Woodside...
The China Green Bond Principles (the Principles) is a framework for Chinese green bond issuers to follow best practices in the domestic market. Since 2015, China’s green bond market has expanded rapidly. In 1H22 alone, China issued RMB400.6bn (USD59.4bn) of green bonds and green asset-backed...
The Maritime and Port Authority of Singapore (MPA) and the Dutch Port of Rotterdam have signed a memorandum of understanding (MOU) to jointly develop a sustainable and digitalized shipping industry, as reported by Strait Times on August 2. Specifically, the two port authorities will trial...
India has asked airlines to enhance their engineering-related capabilities at all bases and transit stations, following a range of safety-related snags in recent weeks that triggered aviation regulators’ closer scrutiny of the industry, as reported by Economic Times on August 1. V. K. Singh, head...
China’s antitrust watchdog State Administration for Market Regulation (SAMR) on August 1 launched the Centralized Anti-Monopoly Undertaking System, an online platform for enterprises to disclose merger and acquisition deals to the regulator and check their approval status, as reported by South China Morning Post on...
The South Korean government announced that it would modify the law to permit battery subscription services for electric vehicles (EVs) to reduce EV prices by almost a third from their current levels and increase sales, as reported by The Korea Herald on August 1. The...
South Korea’s antitrust watchdog Fair Trade Commission (FTC) has delayed the announcement of a law amendment that aims to apply the same disclosure and antitrust rules to both Korean and foreign entrepreneurs, as the Ministry of Trade, Industry, and Energy (MOTIE) worries that the move...
Japanese trading house Itochu [8001:JP] and British oil and gas giant Shell [SHEL:US] have signed a memorandum of understanding (MoU) with Brazilian steel giant CSN [CSNA3:BZ] to study the introduction of decarbonization technologies at Brazil’s Casa de Pedra Mine, which is jointly developed by Itochu...
The Monetary Authority of Singapore (MAS) has issued new disclosure and reporting guidelines for fund managers to follow when they sell funds with environmental, social, and governance (ESG) labels to private investors in Singapore, as reported by Strait Times on July 28. With the new...
China’s e-commerce giant Alibaba [BABA:US] has been put on the US Securities and Exchange Commission's (SEC) watch list of Chinese businesses that may potentially be delisted from all US exchanges, as reported by Sina Finance on August 1. The news came only days after Alibaba...
US energy company AES [AES:US] intends to invest USD13bn in the construction of a wind farm in Vietnam with a total installed capacity of 4,000 megawatts (MW), as reported by Reuters on July 29. According to Vietnam's Ministry of Industry and Trade, AES presented a letter...
Indonesia has blocked access to websites operated by search engine Yahoo, payment company Paypal [PYPL:US], and several gaming platforms such as Steam, Dota2, Counter-Strike, and EpicGames because they did not adhere to local licensing regulations, as reported by Nikkei Asia on July 30. Indonesia has required...
Shenzhen Securities Information, affiliated with the Shenzhen Stock Exchange (SZSE), launched the CNI ESG Ratings Methodology along with a set of ESG indices, as reported by People.cn on July 26. Among the three pillars of environment, society, and corporate governance (ESG), the rating methodology sets...
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