Publishing date: Jul 02, 2021 • 4 hours ago • 3 minute read •
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(Bloomberg) Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support.
BlackRock Inc., Aberdeen Standard Investments Ltd. and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest battery maker Contemporary Amperex Technology Co. and major solar producer LONGi Green Energy Technology Co. hit record highs this week after surging more than 40% each in the last quarter.
Jul 02, 2021 08:16 AMENERGY INSIDER
Energy Insider: Longyuan Power Inks Carbon Trading Deal in South Africa; Tongwei Plans $2.2 Billion High-Purity Silicon Project
In today’s Caixin energy news wrap: Chinese offshore drilling rig giant gets $129 million SOE cash injection; Tongwei plans to invest $2.2 billion in high-purity silicon project; a power complex will be built in Huizhou; and China develops new power generation using hot dry rock.
Longyuan Power inks $1.1 million overseas carbon trading deal
The South Africa branch of
China Longyuan Power Group Co. Ltd., a subsidiary of state-owned China Energy Group, signed a $1.1 million carbon trading contract with the De Aar wind power project in South Africa for 630,000 tons of emission quota. The De Aar wind power project is the only large-scale renewable energy project registered in South Africa that meets voluntary emission reduction standards under which emission quota buyers pay to fulfill voluntary emission reduction obli
Read more about China Stocks extend fall on Thursday on Business Standard. At closing bell, the benchmark Shanghai Composite Index fell 0.36%, or 12.93 points, to 3,584.21. The Shenzhen Composite Index, which tracks stocks on China s second exchange, dropped 0.34%, or 8.26 points, to 2,392.64. The blue-chip CSI300 index
China Traders Await Policy Signals to Boost Faltering Stocks
Bloomberg 3/3/2021
China’s defense and technology sectors may offer investor opportunities as the nation’s top political meeting starts this week, which could help inject fresh impetus into the country’s equities.
Measures to help achieve President Xi Jinping’s pledge of a carbon neutral economy by 2060 could be released at the meeting which begins Friday, according to brokerages including Guotai Junan Securities Co. Plans for an expanded defense budget are also likely to be published at the National People’s Congress, Tianfeng Securities Co. analysts said.
Also topping analysts’ watch lists are policies to drive China’s economic growth in the post-pandemic era. Approval of a five-year plan, which includes strategies to cut dependence on the West for crucial components like computer chips and make bets on emerging technologies such as hydrogen vehicles, is expected. Beijing has repeatedly signaled a des
Mar 04 2021, 4:07 AM
March 03 2021, 3:30 AM
March 04 2021, 4:07 AM
(Bloomberg)
(Bloomberg)
Chinaâs defense and technology sectors may offer investor opportunities as the nationâs top political meeting starts this week, which could help inject fresh impetus into the countryâs equities.
Measures to help achieve President Xi Jinpingâs pledge of a carbon neutral economy by 2060 could be released at the meeting which begins Friday, according to brokerages including Guotai Junan Securities Co. Plans for an expanded defense budget are also likely to be published at the National Peopleâs Congress, Tianfeng Securities Co. analysts said.
Also topping analystsâ watch lists are policies to drive Chinaâs economic growth in the post-pandemic era. Approval of a five-year plan, which includes strategies to cut dependence on the West for crucial components like computer chips and make bets on emerging technologies such as hydrogen vehicles, is expected.