Tech paves way for transparency in supply chains
By 2050 experts hope that traceability will be so refined that shoppers will be able to use their iPhone 59X to scan a code and find the exact source of a product and all its constituent parts.
UN chief warns ‘life itself’ is threatened by big emitters
The UN Secretary General has warned that “life itself” will be imperilled if the world’s biggest carbon emitters such as the US and China do not make bigger efforts to combat climate change.
Green Bond Tag Is Too Much Hassle for Some Issuers, Moody’s Says
The burden of meeting reporting requirements to sell certified green debt for environmentally-friendly projects is proving too onerous for some issuers who don’t want to take on the extra work it entails, according to Moody’s Investors Service.
Regulators Unveil New Rules to Clean Up Credit Ratings
China has unveiled new regulations to tighten oversight and scrutiny of the credit ratings industry in the wake of a corruption scandal at one of the country’s largest providers of corporate rankings and a series of bond defaults by highly rated companies.
Negative events of executive
Xiaomi Reshuffles Top Management as China Market Share Shrinks
Chinese smartphone giant Xiaomi Corp. has reshuffled its management team, the company announced in a letter to employees on Friday. Xiaomi co-founder and CEO Lei Jun announced he will hand over the reins of president of the China region to Lu Weibing, who will also remain general manager of Xiaomi’s lower-end Redmi brand.
Investigation Exposes Lies and Rule Breaking On Tencent-Backed Platform Meant To Help Sick Patients
Shuidi Fundraising, a Tencent-backed non-profit online crowdfunding platform allowing patients of serious illnesses to raise money, is in crisis after an investigation exposed serious flaws.
Decline in profit
Chinese e-commerce services provider Pinduoduo reported a bigger-than-expected quarterly loss on Wednesday because of higher operating expenses, sending the company’s shares down 13 per cent before the opening bell in the United States.
Huanyi Electric Company exposed a 2.2 billionRMB financial problem
Shanghai listed company, Huayi Electric(600290) issued a statement saying that it had found that the company had violated the rules of guarantee, controlling shareholder capital occupation and other conditions.
Credit rating agencies focus on rising green risks
Debt issuers ignore ESG at their peril. The announcement by Moody’s last week — saying it was considering stripping US oil major ExxonMobil of its triple A credit rating, flagging risks in its adjustment to a lower-carbon economy — marks a watershed.
Gree Electric's Controlling Shareholder Plans To Sign Shares Transfer Agreement
Gree Electric Appliances Inc of Zhuhai issued a statement, saying that controlling shareholder plans to sign share transfer agreement to sell stake and may lead to change in company's ownership