MioTech Insights

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.

M&A Activities 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.

Market Trends 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.

M&A Activities 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.

Strategic Partnership 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.

Market Trends 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.

February28

China’s Pony.ai Secures $400 Million from Toyota to Develop Driverless Cars

Chinese autonomous vehicle startup Pony.ai said Wednesday that it has received a $400 million investment from Japanese automaker Toyota, upping the ante in its push to develop automated vehicles.

Newspaper owner Jimmy Lai arrested as police swoop over Hong Kong protest

Hong Kong media mogul and Apple Daily founder Jimmy Lai Chee-ying was arrested on Friday morning for illegal assembly and intimidating a journalist.

Stocks Tumble as Fear Envelops Asia; Yen Rises: Markets Wrap

The global slide in equity markets showed no signs of easing Friday, with Hong Kong, Japan and Australia all losing more than 2% amid fears about the coronavirus. The rally in sovereign bonds took a breather after yields hit record lows.

SoftBank-backed DoorDash files for IPO

DoorDash, the lossmaking US food delivery start-up backed by SoftBank's Vision Fund, has announced it has filed for an initial public offering.

U.K. Consumer Confidence Rises With Appetite for Big Purchases

U.K. consumer confidence climbed to the highest since August 2018 as optimism about the economy boosted households’ willingness to buy big-ticket items.

ByteDance-Owned TikTok Was World’s Most Downloaded Social Media App in January

With 104.7 million downloads, the ByteDance-owned short-video app became the world’s most downloaded social media app in January, according to a report by research firm SensorTower. The figure represented a 46% increase compared to the same month last year.

Baidu Expects Sales to Fall as Much as 13% After Virus Outbreak

Baidu Inc. predicted revenue may slide as much as 13% this quarter, joining its fellow Chinese technology giants in warning about the uncertain impact of the deadly coronavirus.

China Blocks Access to Cheap Epidemic Loans for 48 Firms

Chinese authorities have booted 48, mostly state-owned, enterprises off an official list of companies eligible for special low-cost loans under a government initiative to boost financial help for firms actively engaged in the battle against the coronavirus epidemic out of concern the loans would not be used for their intended purpose.

U.S. Stocks Slide Into a Correction as Virus Fears Show No Sign of Easing

The February market rout deepened Thursday, as major stock indexes around the globe posted another round of significant declines and uncertainty over the impact of the coronavirus began shading into fear.

ESG Trends

Covid-19 Impact on China A-Shares’ Supply Chains

Jason Tu, Cara Liu, Maya Li, MioTech ESG Research Team

ESG Trends

Covid-19 Impact on China A-Shares’ Supply Chains

Jason Tu, Cara Liu, Maya Li, MioTech ESG Research Team

SELECTED ARTICLES

Market Beats

China’s lending sector under pressure due to crackdown on data crawling

A recent crackdown on predatory lending and illegal data use practices has shown the extent to which smaller lenders rely on the credit risk management services based on alternative data.

MioTech Team 2020-01-22

ESG Trends

China's Green Bond Market Expands Steadily

China has become a key player in the world’s green bond market. The differences between the domestic standards and the international ones and the lack of reliable information from traditional channels have boosted the demand for alternative data sources.

Tracey Xiang 2019-12-18

ESG Trends

Behind the Heftiest Fine in History: an ESG Risk Study of JAC Motor

In this article, MioTech examines the impacts of ESG on the industry, with a deep dive into the impacts environmental penalties plays on automakers financially.

MioTech Team 2019-11-22

ESG Trends

Alternative Data are increasingly used to Assess ESG Performance and Risks of Chinese Companies

The rapidly growing demand for ESG information of Chinese companies and data analytics services is being met by a rising wave of alternative data services assisted by artificial intelligence technologies.

Tracey Xiang 2019-11-21

ESG Trends

China’s Equity Investment Market Seeing a Rise in Demand for ESG Data

The availability of increasing digital data and technological advances are providing the investor community with much needed access to non-traditional data about Chinese companies. Chinese fund managers have started exploring using alternative data and data services to manage specific risks or create ESG investment strategies.

Tracey Xiang 2019-11-21

ESG Trends

ESG Data and Evaluation Set to Take off in China

The surge of sustainable finance in China has spurred demand for ESG data and analysis services. The lack of ESG data has encouraged the application of AI techniques to expand ESG data sources, automate the evaluation process or improve risk-monitoring capabilities.

Tracey Xiang 2019-11-21

ESG Leaders

UBS: Sustainable Investing to Become Core Investing Component

In this article, MioTech speaks with Mario Knoepfel, Head Sustainable & Impact Investing Advisory, Investment Platforms and Solutions, Asia Pacific at UBS Wealth Management on the growing trend of sustainable investing in Asia and his belief that it can bring equal to better investment performance over time.

Mario Knoepfel 2019-11-20

ESG Leaders

Why ESG Matters When it Comes to Investing

In this article, we speak to Juliette Macresy, Head of Vigeo Eiris’ Greater China and South East Asian markets, on the growing trend of sustainable investing in Asia and why "not being sustainable is a direct threat for a given corporation".

Juliette Macresy 2019-11-20

MioTalk