The Foshan branch of FAW-Volkswagen, the joint venture between FAW Group and Volkswagen [VOW:GR], purchased 30,160 green electricity certificates from Hebei Huadian Kangbao Wind Power in a deal on January 18, which corresponded to 30.16m kilowatt-hours (kWh) of non-hydro renewable power in total, as reported...
Earlier in January, a user reported that Meituan [0369:HK] requested her to return borrowed money, though she had never applied for any loans on the platform. After contacting Meituan’s customer service several times, the user was informed that the unsolicited loan, called Meituan Monthly Payment,...
Tencent [0700:HK] apologized on January 18 for its instant messaging software, QQ, for reading users’ browser history, after an internet article exposed it on January 17, as reported by The Paper on January 19. Tencent explained that the reading was to evaluate login security risks...
China’s Ministry of Education (MoE) stated that it will partner with other departments to further regulate the online education market, in an interview with the Central Commission for Discipline Inspection and the National Supervisory Commission (CCDI), according to the latter authority’s official website on January...
South Korean automaker Hyundai Motor [005380:KS] announced on January 15 that the firm has made an investment agreement with the government of Guangzhou development district to set up a wholly-owned hydrogen fuel cell company in the city, as reported by Xinhuanet on the same day....
In evaluating local ESG practices with other counties in the APAC region, this report will offer a high-level view of how the SSE and SZSE compares with other exchanges in ESG reporting requirements using data from the Sustainable Stock Exchanges Initiative (UN SSE). The UN...
China’s Ministry of Ecology and Environment (MEE) has ordered local governments to establish clear goals and implementation plans for hitting carbon emission peak by 2030, especially for key industries including steelmaking, construction, chemicals, coal, power generation, and more, according to its newly published a guideline...
China’s National Development and Reform Commission (NDRC) and nine other departments have jointly published a guideline on January 11, to facilitate the reuse of wastewater in the country over the next five years, as reported by Sina on the next day. According to the guideline,...
Huang Jun, an associate professor at the School of Environment, Tsinghua University, and his team, published an essay that found high concentrations of pollutants in tap water in several Chinese cities, as reported by Caixin on January 12. The umbrella term for the identified pollutants...
Tencent [0700:HK] announced on January 12 that the company will formulate its carbon neutrality strategy and plan, in response to the country’s 2060 carbon neutrality target, as reported by Sina on the same day. Tencent’s chairman and CEO, Pony Ma, stated that the firm will...
PBoC issued draft measures on January 11 to regulate domestic credit investigation agencies and prevent such agencies from collecting excessive information from individuals, as reported by Eastmoney on January 12. The measures specify rules for credit reporting agencies to collect, organize, save, and process personal...
China’s plastic product output in 2019 reached 81.84m tons, up 3.91% YoY. The country occupied one fourth of global demand, and the volume of sales of plastic accumulated to 76.99m tons. China Plastics Processing Industry Association (CPPIA) estimated that the daily consumption of plastic bags...
Ministry of Ecology and Environment (MEE) and China Development Bank (CDB) have signed a memorandum of understanding (MoU) on January 6, to continue supporting ecological and environmental protection projects in the country in the next five years, as reported by Sina on the next day....
China’s Ministry of Ecology and Environment (MEE) has published a guideline to step up supervision on ecological protection in the country, as reported by Chinanews.com on January 4. According to the guideline, the country targets to establish the foundations for a national biodiversity monitoring network...
Company Introduction Founded in 2011, Contemporary Amperex Technology (CATL) [300750:CH] now is one of the world’s leading companies for manufacturing lithium-ion batteries. The firm mainly focuses on R&D, production, and sales of batteries and energy storage systems for new energy vehicles (NEVs). CATL has major advantages...
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