Complaint and Litigation
Head of Shenxi Football club embroiled in online spat with Bank of Shanghai
Chairman of a Chinese professional football club engaged in an online spat with a senior executive of the Bank of Shanghai in recent days. While Xu Guoliang, head of Shanghai Shenxin Football Club, accused Bank of Shanghai's vice president of illegally cashing out millions of yuan from state-owned banks, the bank rebutted on Saturday by accusing Xu of serious default.
Chinese battery giant eyes Aston Martin
Troubled Aston Martin, racing to arrange a multi-milliion pound refinancing, is said to have attracted interest from a Chinese electrical vehicle battery maker.
Decline in Profit
BYD new energy vehicle sales down 7.4 pct in 2019
China's leading new energy vehicle (NEV) manufacturer BYD Tuesday said its NEV sales declined 7.39 percent year on year to 229,506 units in 2019.
ESG a priority for around 80% of millennial investors
Nearly eight in 10 investors in the millennial generation prioritise socially responsible and impactful investing, according to research conducted by the deVere Group.
Complaint and Litigation
BlackRock joins climate action group after ‘greenwash’ criticism
BlackRock is stepping up its efforts to pressure corporate boards on climate change by joining an influential investor group, after the world’s largest fund manager was accused of failing to match rhetoric with action.
Negative Events of Executives
Retired CDB Chief Implicated in Alleged Corruption
A former chairman of policy lender China Development Bank (CDB) linked to a secretive business tycoon is now under investigation, in the latest case of China’s years-long campaign against corruption in the financial sector.
Aston Martin Is Said in Last-Ditch Funding Talks With Stroll, Geely
Aston Martin Lagonda Global Holdings Plc is making a last-ditch effort to bring in fresh funding, with billionaire Lawrence Stroll closest to committing to buying a stake in the struggling U.K. luxury-car maker, according to people familiar with the matter.
Alibaba, China's 'Father of Hybrid Rice' to Double Farmer Incomes in Inner Mongolia
Alibaba and the team of Chinese agronomist Yuan Longping, who is well known in China as the 'father of hybrid rice,' have agreed to work together to double the income of rice farmers in the country's Inner Mongolia Autonomous Region over the next three years.
Green bonds set to keep flying off shelves in 2020
Green bonds are red hot. Issuance smashed through analysts’ projections in 2019 and is set to continue expanding this year as sustainability-minded investors snap up almost every deal that hits the market.