China Tag

28 Jul Shenzhen Stock Exchange Launches ESG Rating Methodology and ESG Index

Posted at 14:03 by Jordy Leo

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...

27 Jul China to Promote Unified Type-C Interface to Reduce E-Waste

Posted at 11:58 by Jordy Leo

China’s Ministry of Industry and Information Technology (MIIT) is pushing for the standardization of fast-charging technology, aiming to make Type-C interface the common charging port for mobiles and all electronic devices, as reported by Sina on July 22. According to Wang Peng, an official from...

27 Jul China Enhances Data Supervision for Ride-Hailing Platforms

Posted at 11:52 by Jordy Leo

China’s Ministry of Transport (MoT) issued a document on July 22 requiring the transportation authorities of all cities to collect license information of online ride-hailing platforms, their vehicles, and their drivers and upload these data to the united industry platform for real-time sharing, as reported...

25 Jul Two Pizza Hut Beijing Outlets Shut over Food Safety Issue

Posted at 15:08 by Lexy Li

Two Pizza Hut outlets in Beijing's Fengtai and Haidian districts have been closed due to food safety concerns, as reported by Nikkei Asia on July 22. According to an undercover report, the two outlets continuously reused cooking oil and placed fake expiration dates on food...

20 Jul Beijing Hyundai to Release Two EVs for Mainland Market

Posted at 15:44 by Lexy Li

Beijing Hyundai Motor, a joint venture (JV) of Hyundai Motor [005380:KS] and BAIC Motor [1958:HK], aims to release two electric vehicle (EV) models specifically for the Mainland in order to revive its market sales, as reported by the Korea Economic Daily on July 18. In...

20 Jul China Steps up Supervision over Online Lending

Posted at 15:26 by Jordy Leo

China Banking and Insurance Regulatory Commission (CBIRC) issued more rules on online lending by commercial banks, including loans jointly issued with third-party internet platforms, as reported by Caixin Global on July 16. According to a Q&A document published by the CBIRC on July 15, lending...

20 Jul China Promotes Green Buildings to Peak Construction Emission by 2030

Posted at 14:59 by Jordy Leo

China is promoting green buildings to peak carbon emissions from urban and rural construction by 2030, as reported by Caixin on July 14. According to an action plan issued by the Ministry of Housing and Urban-Rural Development (MHURD) and the National Development and Reform Commission...

29 Jun China Amends Antitrust Law for Fair Competition

Posted at 15:44 by Jordy Leo

China’s lawmakers will adopt an amendment to its current Antitrust Law to establish and improve its fair competition review system, as reported by China Daily on June 25. The amended law clarifies that business operators shall not exclude or limit competition by abusing data, algorithms,...

29 Jun China Passes Black Soil Conservation Law to Restore Damaged Lands

Posted at 15:36 by Jordy Leo

China’s lawmakers passed the Black Soil Conservation Law on June 24 to secure the country's grain security and protect the ecosystem, as reported by Xinhua News on the same day. The black soil, or chernozem soil, is very suitable for growing crops with its high...

15 Jun China to Regulate Mobile Internet Application’s Use of Personal Information

Posted at 16:10 by Jordy Leo

China’s National Information Security Standardization Technical Committee (NISSTC) issued a draft management guideline that regulates the processing of personal data by mobile internet applications, as reported by Caixin on June 14. The document requires the operating systems of mobile terminals (MTs) to inform users when...

09 Jun INSIGHTS | How insurance can contribute to a sustainable economy: the case of China [Part 2]

Posted at 17:54 by Tina Zhang

Green insurance is an important component of China’s green finance. Chinese government and regulators have published a series of policies to guide the development of green insurance and build a comprehensive green insurance system. By 2020, the total premium of green insurance in China amounted...

02 Jun INSIGHTS | How insurance can contribute to a sustainable economy: the case of China [Part 1]

Posted at 17:04 by Tina Zhang

China Banking and Insurance Regulatory Commission (CBIRC) recently Releases the Green Finance Guidelines for Banking and Insurance Sectors (hereinafter referred to as the Guidelines), which requires banking and insurance institutions to develop green finance, to better assist in pollution prevention and control, and to promote...

02 Jun China Maps out Fiscal Policies to Reach Carbon Neutrality

Posted at 12:21 by Jordy Leo

China’s Ministry of Finance (MoF) issued guidelines on May 30 calling for fiscal measures to support the China’s carbon emission peaking and carbon neutrality, as reported by Caixin on the same day. The document outlined multiple policy initiatives, including strengthening the guiding role of fiscal...

31 May China’s MEE to Trial Incentive Mechanism for Climate Investment and Finance

Posted at 20:50 by Jordy Leo

China’s Ministry of Ecology and Environment (MEE) is about to pilot a market-oriented incentive mechanism for climate investment and finance, in order to realize the country’s commitment to peaking carbon emissions by 2030 and reaching carbon neutrality by 2060, as reported by Shanghai Securities News...

28 Apr INSIGHTS | China’s First ESG Disclosure Guidance

Posted at 14:22 by Helena Zhu

As more enterprises around the world adopt ESG standards for non-financial information disclosure, Chinese enterprises face a pressing need to catch up as they compete in markets with rising demand for quality ESG data. Many globally recognized and most prevalent standards, such as the GRI...