The world's first blockchain-based environmental protection platform, called EPR Digital Environmental Innovation Platform, was launched in Shenzhen, as reported by Sznews.com on February 6. The EPR Digital Environmental Innovation Platform is a dual chain, combining the blockchain technology and environmental protection. This platform aims to...
CBIRC published its evaluation results for the corporate governance performance of ten Chinese insurance holding groups in 2020, as reported by financialnews.com.cn on February 4. Specifically, six of the ten groups, including PICC [1339:HK], China Reinsurance [1508:HK], China Taiping Insurance [0966:HK], China Pacific Insurance [2601:HK],...
China’s NDRC, Ministry of Civil Affairs (MCA), and National Health Commission (NHC) have articulated a plan to establish a set of demonstrative elderly care industry cluster in regions with suitable socio-economic and ageing levels by 2022, as reported by Sina on February 2, citing their...
Chinese short-video platform Kuaishou Technology [1024:HK] will debut at the Hong Kong Stock Exchange on February 5. The expected initial public offering (IPO) will raise as much as USD5bn and make Kuaishou the first major short-video platform to go public. From its prospectus, currently, Kuaishou’s...
China’s Institute of Public & Environmental Affairs (IPE), National Center for Climate Change Strategy, International Cooperation (NCSC), and other agencies have jointly published a report that evaluates the greenhouse gas (GHG) emission reporting situation in the country, as reported by Sina on January 29. According...
Amazon [AMZN:US] announced on February 3 that the company's founder and CEO Jeff Bezos will step down from his post in the third quarter of 2021 and Andy Jassy, the head of the cloud computing unit, will take the place as its new CEO. Bezos...
Tencent [0700:HK] on February 2 issued a response to TikTok’s lawsuit against it, stating that the allegations were inconsistent with the facts and malicious, as reported by Sina on February 3. Tencent pointed out that TikTok violated users' rights and claimed to sue ByteDance, TikTok’s...
The recycling of batteries becomes an increasing topic amid the boom of China’s new energy vehicle (NEV) industry. The service life of automobile traction batteries is five to eight years, while these batteries cannot continue being used for cars when the energy capacity decays to...
Tesla [TSLA:US] released a video through its official Weibo [WB:US] account to apologize to State Grid for a misleading statement by the US firm’s employee, as reported by Caixin on February 1. On January 29, a Tesla car owner in Nanchang found that his new...
State-owned rolling stock manufacturer CRRC Corporation [1766:HK] has finished its self-developed hybrid locomotive, equipped with a hydrogen fuel cell on January 27, as reported by People.cn on January 28. This is China’s first hybrid locomotive and is a breakthrough in use cases for hydrogen energy...
The EU and China on December 30, 2020 made a consensus for the Comprehensive Agreement on Investments (CAI) between China and the EU. Following seven years of back and forth, this would replace 26 current agreements between 27 separate EU countries and China. Thus, such...
Ministry of Industry and Information Technology (MIIT) published the first batch of problematic mobile applications on January 22. Such apps illegally collected and used users’ personal information, as reported by JRJ.com on January 25. The list involves apps from many listed companies, including Tencent [0700:HK],...
China Automotive Battery Innovation Alliance (CABIA), on January 13, published battery data for new energy vehicles (NEVs) for 2020. Last year, the cumulated production yield and sales volume of batteries were 83.4 gigawatts (GWh) and 65.9GWh, respectively, down 2.3% YoY and 12.9% YoY due to...
PBoC has drafted regulation to strengthen supervision over non-banking institutions’ payment services on January 20, as reported by JRJ.com on the same day. Notably, the policy this time adds anti-monopoly measures for the non-banking payments industry. Moreover, the regulation highlights the requirement of non-banking payment...
The China Development Bank (CDB) granted RMB488.8bn in loans for the protection and green development of the Yangtze River basin last year, representing an increase of 27% YoY, as reported by Xinhua on January 20. Specifically, RMB89.4bn was given to support the ecological preservation and...
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