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China's Yunnan Energy Wins USD695.5 Million Order From Stellantis-Backed ACC

China's Yunnan Energy Wins USD695.5 Million Order From Stellantis-Backed ACC
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China's Hot EV and Solar Stocks Have More Room to Run, Funds Say


Publishing date: Jul 02, 2021  •  4 hours ago  •  3 minute read  • 
Article content
(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. ....

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Reports of Mining Sector Cleanup Put China's Yunnan Province in the Spotlight – Mining Bitcoin News


Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June.
Media: Yunnan Energy Bureau to Pull the Plug on Bitcoin Farms
The province of Yunnan is reportedly joining the crackdown on cryptocurrency mining that’s already underway in other Chinese regions. According to the South China Morning Post (SCMP), local authorities have ordered an investigation into the alleged illegal use of electrical power in bitcoin mining. On Sunday, the publication quoted a June 12 report by the China Securities Journal which is published by the Xinhua news agency. ....

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