Author: Edward Chen

16 Aug CATL to Raise RMB58.2bn in Private Placement for Battery Capacity Expansion

發表於 14:56 作者 Edward Chen

China’s leading battery manufacturer CATL [300750:CH] announced a private placement plan on August 12, aiming to raise up to RMB58.2bn to expand its battery production capacity, as reported by Caixin on August 13. CATL planned to issue at most 233m shares, equivalent to 10% of...

12 Aug China to Enhance Anti-Monopoly Enforcement under New Development Outline

發表於 16:57 作者 Edward Chen

The Central Committee of the Communist Party of China (CPC) and State Council on August 11 jointly released an implementation outline for the government’s development under the rule of law for the next five years, as reported by Caixin the next day. The outline underscored...

10 Aug Xinhua Criticizes E-Cigarette Sales to Minors, Leading to Relevant Stocks Falling

發表於 16:12 作者 Edward Chen

China’s state media Xinhua News Agency released an article on the risks of e-cigarettes on August 4, sending Chinese e-vapor stocks falling on the following day, as reported by Caixin on August 5. The article pointed out that many e-cigarette manufacturers and retailers continued to...

03 Aug US SEC Demands Further Risk Disclosures from Pre-IPO Chinese Firms

發表於 17:53 作者 Edward Chen

The US Securities and Exchange Commission (SEC) now requires further disclosures from Chinese companies about their legal structure and regulatory risks before listing in the US, as reported by Reuters on July 30. Specifically, in an official statement issued earlier that day, SEC Chair Gary...

02 Aug Chinese Battery Producer CATL Unveils First-Gen Sodium-ion Battery

發表於 17:07 作者 Edward Chen

China’s leading battery manufacturer CATL [300750:CH] launched its first generation of sodium-ion (Na-ion) battery on July 29, as reported by Caixin later that day. According to the company, the new battery has an energy density of 160 Wh/kg, meaning that it would be charged to...

30 Jul South Korean Naver Exposed with Over Half of Employees Bullied at Work

發表於 11:59 作者 Edward Chen

A recent survey by South Korea’s Ministry of Employment and Labor found that over half of employees at Naver [035420:KS], the country’s leading internet giant, had been bullied at work at least once in the past six months, reported The Korea Herald on July 28....

28 Jul Singapore GIC Supports Geothermal Firm Arctic Green Energy with SGD326m

發表於 15:44 作者 Edward Chen

Singapore’s sovereign wealth fund (SWF) GIC announced an SGD326m (USD240m) investment in Arctic Green Energy, a Singapore-based renewable energy company with a focus on urban heating and cooling, as reported by The Straits Times on July 23. Arctic Green Energy will use the proceeds for...

26 Jul Tesla to Source Nickel for Batteries from BHP’s West Australia Subsidiary

發表於 14:08 作者 Edward Chen

BHP [BHP:US], a Melbourne-based mining, metal, and petroleum conglomerate, signed a nickel supply deal with Tesla [TSLA:US] on July 22, as reported by Caixin on July 23. Under the agreement, Tesla would procure nickel from BHP’s subsidiary Nickel West for its batteries and electric vehicles...

23 Jul Japan Raises 2030 Renewables Target to 36% in Ambitious Energy Plan

發表於 14:04 作者 Edward Chen

Japan’s industry ministry released an energy policy draft on July 21 that set a new target of 36% to 38% renewables in the country’s electricity mix by 2030, up from the previous target of 22% to 24%, as reported by Reuters later that day. The...

21 Jul Singapore-based Grab Starts Green Car Hailing Services

發表於 17:46 作者 Edward Chen

Singapore’s mobility and delivery service platform Grab kicked off a trial service that focuses on clean energy vehicles in central Singapore on July 14, as reported by Nikkei Asia on July 19. Titled JustGrab Green, the trial would enable commuters to book electric or hybrid...

21 Jul China’s National Carbon Market Begins Online Trading

發表於 14:43 作者 Edward Chen

China’s national carbon emissions trading system (ETS), currently the largest carbon market in the world, officially began online trading at the Shanghai Environment and Energy Exchange (SEEE) on the morning of July 16, as reported by Sina on July 17. On its first day of...

21 Jul South Korean POSCO’s Australian Coal Pending Final Decision by Local Commission

發表於 13:48 作者 Edward Chen

Hume Coal, a subsidiary of South Korean steel manufacturer POSCO’s [005490:KS] Australia affiliate, is awaiting the final words of the New South Wales (NSW) Independent Planning Commission (IPC) on the establishment of its controversial Hume Coal Project, as reported by ABC News on July 14....

16 Jul South Korea Expands Investments in Green Industries and Digital Infrastructure

發表於 10:31 作者 Edward Chen

South Korea recently renewed its New Deal initiative to incorporate more investment in digital technology and green energy, as reported by The Korea Herald on July 14. During a televised address earlier that day, President Moon Jae-in said that the government would expand its earlier...

14 Jul Bank of Singapore Extends Loan Quantum Limit for ESG Mutual Funds

發表於 17:26 作者 Edward Chen

Bank of Singapore (BOS), the private banking arm of OCBC [OCBC:SP], unveiled a new investment financing assessment framework that lifted the loan quantum for mutual funds with high ESG ratings, as reported by The Business Times on July 13. The new framework increased the advance...

14 Jul Budweiser APAC Secures USD500m Sustainability Linked Syndicated Loan

發表於 11:50 作者 Edward Chen

Budweiser Brewing Company APAC [1876:HK] signed a USD500m sustainability-linked loan (SLL), structured as a revolving credit facility (RCF), with a banking syndicate led by Bank of China [3988:HK] on July 12, as reported by South China Morning Post later that day. The RCF, under a...