Publishing date: Mar 07, 2021 • March 7, 2021 • 3 minute read •
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(Bloomberg) China is offering new backing for the development of nuclear power as a key tool in its drive to cut carbon emissions.
The nation will promote the construction of coastal nuclear power plants and aims to have 70 gigawatts of generation capacity by 2025 from about 50 gigawatts at the end of last year, according to the latest five-year plan presented Friday to China’s annual National People’s Congress. That would equate to about 20 new reactors.
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SOURCE / ECONOMY By Global Times Published: Feb 20, 2021 07:55 PM
Photo: CFPLondon-based index provider FTSE Russell has decided to include 129 Chinese A shares, including 11 shares from the Shanghai Stock Exchange s(SSE) STAR market for the first time, to its global benchmarks, but analysts noted that the inclusion is still limited in size and concerns of political influence remains.
FTSE Russell on Friday published the results of the semi-annual review of its FTSE Global Equity Index Series, in which a total of 129 A-shares, including 11 shares from STAR market, were included in the updated shares list, according to media reports.
The changes will be effective after the close of business on March 19.
By Reuters Staff
2 Min Read
LONDON (Reuters) - FTSE Russell has put on ice the potential ejection of five more Chinese firms from key stock indexes, after the United States pushed back any decision on formally blacklisting them to May.
President Joe Biden’s administration has extended a deadline requiring investors to sell their stakes in companies “whose name closely matches, but does not exactly match, the name of a Communist Chinese military company” until May 27.
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said in its statement, issued on Wednesday, that it had extended the Jan. 28 deadline.