Chinese private education companies, especially the listed ones, are quickly evolving future moves in response to Saturday s guideline that all institutions offering private tuitions to school students will henceforth be registered as nonprofit organizations, which caused a massive sell-off in related stocks on bourses in China and the United States.
In China s billion-dollar tutoring and online education (or edtech－educational technology) sector, companies typically offer a bouquet of extracurricular products and services. Some of them are even listed on the US bourses.
On Saturday, the general offices of the Communist Party of China Central Committee and the State Council, China s Cabinet, issued a guideline proposing wide-ranging reforms in the sector.
China s central bank officials said they will accord priority to ESG-themed investments henceforth and see the national carbon trading mechanism as key to implementing the country s green and low-carbon development strategy, thus encouraging injection of long-term social funds into the huge market.
Fan Yifei, a deputy governor of the People s Bank of China, disclosed over the weekend that the central bank plans to guide long-term investment funds, including pension funds, insurance and social security products, to invest in the ESG－environmental, social and governance－markets.
Financial institutions can gradually plug into the national carbon trading system, which was established on July 16. And carbon derivatives like forwards, futures and options will be developed, Fan said at the Global Asset Management Forum in Beijing on Saturday.
Four natural sites and three cultural sites were added to the United Nations Educational, Scientific and Cultural Organization s (UNESCO) World Heritage List on Monday.
The natural sites are four islands with rich biodiversity in Japan; a coastal area of geodiversity and biodiversity in the Republic of Korea; part of the mountain ridge running down the Malay Peninsula in Thailand; and a corridor along the eastern coast of the Black Sea in Georgia.
The three cultural sites are the Dutch Water Defence Lines; the Arslantepe Mound archaeological tell in Turkey; and the Colonies of Benevolence in Belgium and the Netherlands.
The World Heritage Committee of the Paris-based UNESCO made the announcement during its 44th session held online and chaired from Fuzhou, China.
The phase one of an off-grid hydrogen-powered exhibition hall, a joint project by Shanghai International Automobile City and Tongji University, was unveiled in Shanghai s Jiading district on Thursday.
Consisting of a refitted container housing the hydrogen fuel cell and an inflatable dome tent for activities, the prototype of the exhibition hall is the first of its kind in China, which was a brainchild of Wu Zhiqiang, an academician of the Chinese Academy of Engineering and a former professor of Tongji University.
The project embodied a breakthrough from zero to one, and putting the exhibition hall on the ground is evidence of the safe use of hydrogen power, Wu said in a video for the launching ceremony.
ISLAMABAD, July 27 (Gwadar Pro) - Huawei, the world s biggest telecom giant, has joined hands with Enertech Holding Company of Kuwait to produce 500 Mega Watts of green energy in Pakistan. They have signed a memorandum of understanding (MoU) to develop eco-friendly smart tourist destinations across Pakistan.
We aim to develop Eco-Friendly Smart Destinations and 500 MW of Solar Power Plants in Pakistan to promote the tourism and renewable energy sectors of Pakistan, in partnership with Huawei Technologies Pakistan (PVT) Ltd, an Enertech official told journalists on Monday.
According to information shared with journalists in Islamabad, Huawei will be the leading technology partner and will support Enertech for this bigger development goal.