YTO Express Group [600233:CH], admitted in a statement that its five employees leased their internal accounts to criminal groups for profit, leaking some 400,000 pieces of users’ personal information, as reported by Beijing News on November 16, 2020. According to police based in Hebei province,...
Shenzhen city has decided to implement the first local health regulations in China to better protect the physical and mental health of workers, as reported by Xinhua Net on November 17, 2020. The new rules will go in effect on Jan 1, 2021. This is...
China Chemical Intelligence Information Association (CCIIA) has published the country’s first ESG ratings guide for listed Chinese firms in the petroleum and chemical industry, as reported by Eastmoney on November 19. The ratings guide has created a unified framework for ESG performance assessments of Chinese...
Overview of Hong Kong’s corporate ESG disclosures According to Sohu, citing data from the Chinese independent consultancy SynTao, by the end of September 2019, a total of 1,868 Hong Kong-listed firms published their ESG reports for the prior financial year, accounting for around 80% of all...
China’s influencer industry has seen robust development in recent years. Influencers or key opinion leaders (KOLs), who mainly are online content creators, vloggers, and livestreamers, are transforming the way marketing is done. Specifically, KOLs build up and monetize their social media influence by boosting sales of...
China Forum of Environmental Journalists (CFEJ) and Beijing University of Chemical Technology (BUCT) jointly published a report on November 18, evaluating the ESG performance of publicly listed Chinese companies in 2019, as reported by People.cn on November 18. According to the report, 1,006 out of...
Two months ago, a controversial report in Renwu magazine reported systemic exploitation of food delivery workers, also known as couriers, or riders. This occurred through built-in algorithms that companies such as Meituan [3690:HK] and Ele.me use, triggering widespread online outrage. To learn more about the mixed...
Beijing Municipal Ecology and Environment Bureau stated that the city released air pollution control targets for autumn and winter from 2020 to the beginning of 2021 on November 11, as reported by The Beijing News on November 12. For the fourth quarter of 2020, the...
Green packaging has been a growing focus for green logistics development According to data published by Greenpeace, a global environmental NGO, driven by the booming e-commerce industry, China’s consumption of packaging materials increased from 20,600 tons in 2000 to 9.42m tons in 2018, creating huge amounts...
Ant Group started Ant Forest initiative within its mobile payment platform, Alipay, in August 2016. The in-app program records Alipay users’ carbon emission reduction through living a greener lifestyle such as walking instead of driving, and making online payments and settlements instead of printing extra...
Central state-owned enterprise China Huaneng Group (CHNG), German conglomerate Siemens’ [SIE:GR] Siemens Energy Sector, and Qinzhou Municipal Government of Guangxi Zhuang Autonomous Region (GZAR) signed a framework agreement for offshore wind energy development in Beibu Gulf, northwest of the South China Sea, as reported by...
Hong Kong Monetary Authority (HKMA) will collaborate with the International Finance Corporation (IFC) to set up a green commercial banking alliance, as reported by Xinhuanet on November 9. The alliance will gradually expand from Asia to other regions across the world and include banks, other...
Two months ago, a controversial report in Renwu magazine reported systemic exploitation of food delivery workers, also known as couriers, or riders. This occurred through built-in algorithms that companies such as Meituan [3690:HK] and Ele.me use, triggering widespread online outrage. According to the article, the riders...
With the deepening of China’s financial reform, ESG has been gaining the attention of Chinese government authorities, and policymakers and they are gradually releasing rules to promote ESG among financial institutions. Mainland ESG Disclosure Rules for Banks The former CBRC in 2007 issued guidance demanding that major...
CBIRC and PBoC issued draft interim measures for internet micro loan businesses on November 2 and will be soliciting public opinions for one month, according to the Chinese government’s official website on the following day. The measures specified that online microlending companies shall hold a...
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