State Administration for Market Regulation (SAMR) held a regulatory meeting and required eight sharing economy companies engaged in bicycle or mobile power bank sharing to standardize pricing and competition practices, as reported by Caixin on June 3. The companies included Alibaba-backed [BABA:US] bike-sharing platform Hellobike,...
Beijing Children’s Law Aid and Research Center, the earliest legal child protection organization in China, announced on June 1 that it is suing Tencent [0700:HK] on its flagship mobile game, Honor of Kings, for infringing minor’s rights and interests, as reported by Caixin on June...
The Standing Committee of the Shenzhen Municipal People’s Congress published its revised draft of Shenzhen Special Economic Zone Data Regulations for comments on May 31, as reported by Caixin on June 4. Focusing on personal data protection, the regulations proposed the concept of data rights...
China’s State Administration for Market Regulation (SAMR) imposed a fine of RMB36.5m (USD5.7m) in total on 15 educational companies across the country, as reported by Xinhuanet on June 1. The 15 institutions include New Oriental [EDU:US], TAL Education’s [TAL:US] Xueersi Online School, Wallstreet English, Alibaba-backed [BABA:US]...
Aihuishou, also known as Wanwu Xinsheng, China’s largest secondhand electronics resale platform, filed an IPO on the New York Stock Exchange (NYSE) on May 29 under the ticker RERE. Founded in 2011, Aihuishou’s services include electronics recycling and eco-processing, an online secondhand electronic product transaction platform,...
China’s Ministry of Ecology and Environment (MEE) issued new guidelines to tighten scrutiny over industrial projects with high energy use and emissions, in a move to promote the green and low-carbon transition, according to the ministry’s official release on May 31. Projects with high emission...
Asian Infrastructure Investment Bank’s (AIIB) Board of Directors approved a revised Environmental and Social Framework (ESF), reasserting its commitments to environmental and social standards on May 21, as reported by People’s Daily on May 27. The revisions mainly include further strengthening commitment to combating climate...
National Development and Reform Commission (NDRC) and National Energy Administration (NEA) jointly released the renewable electricity consumption quotas for each province in 2021 and the expected targets in 2022 on May 25, as reported by Xinhuanet on May 26. Local energy departments are responsible for...
CBIRC Shenzhen Office proposed to explore differentiated regulatory policies for green finance such as capital occupation, regulatory assessment, tolerance of non-performance, and other measures to further encourage financial institutions to innovate in green finance, as reported by Caixin on May 29. For instance, Shenzhen Office...
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,...
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