SwedCham China Insights for the week of September 30 – October 8, 2021

China Insights News intro, Swedcham China

Top news of the week:

China’s top securities regulator announces the provisions on pre-listing advisory

September 30, 2021

On 30 September, China’s top securities regulator announced the provisions on the supervision of the initial public offering (IPO) and pre-listing tutoring, to further standardize the work related to pre-listing advisory. There are a total of 27 articles in the document, which mainly include the tutoring purposes, content, methods, time point, and the technology supervision. The document specified that the advisory period should be no less than three months.

 

Online platform encourages citizens to report gaming apps allowing minors to break new rules

October 1, 2021

An online reporting platform launched by China’s National Press and Publication Administration for preventing minors from indulging in online games came into service on 30 September, to urge online game companies to earnestly fulfil their main responsibilities, strictly implement relevant requirements to prevent minors from indulging in online games and provide more comprehensive reporting and oversight.

 

China’s Shanxi province suspends coal output amidst heavy flooding

October 4, 2021

China’s top coal-producing province, Shanxi, suspended output at 27 mines because of heavy rain and flooding, adding more pressure to an energy crisis gripping the nation. Several parts of the northern province received more than 10 cm of rain as of 8 a.m. At least three rivers have overflowed, and 27 reservoirs have exceeded flood levels across the region. The flooding reignited conversations about disaster preparedness online.

 

Domestic tourism rebounds amidst China’s “golden week” national holiday

October 5, 2021

Data from the Ministry of Culture and Tourism showed on Thursday that domestic attractions received about 515 million trips over the seven-day break reaching roughly 70% of pre-pandemic travel during the same holiday period. One notable shift showed a 30% increase in “red tourism”, or tourism to sites of great importance to revolutionary or party history.

 

CBIRC will ensure financing needs of enterprises providing coal-fired electricity, coal, steel

October 6, 2021

On 5 October, the China Banking and Insurance Regulatory Commission issued the “notice on matters on serving the normal production of the coal-fired electricity industry and orderly circulation of the commodity market to ensure the stable operation of the economy”. The document proposed that the authorities ensure the reasonable financing needs of enterprises offering products such as coal-fired electricity, coal, and steel. The notice comes amidst energy crises across the country.

 

US and China senior diplomats attempt to warm chilly relations with talk in Zurich

October 7, 2021

During an 7 October meeting in Zurich, the US and China agreed to further realize their top leaders’ recent consensus, boost strategic contact on issues such as climate change and COVID-19 prevention, manage differences in regional and business interests, avoid conflict and confrontation, and advance cooperation and bring their ties back on track.

 

State Council releases new white paper on biodiversity

October 8, 2021

On 8 October, China’s State Council Information Office issued a white paper to introduce the country’s actions on biodiversity conservation and share its achievements in the sector. The white paper, titled “Biodiversity Conservation in China,” said that China preserves biodiversity with creative and up-to-date measures, forming a new pattern of biodiversity conservation.

 

China Insights News, Swedish Chamber of Commerce ChinaInsight of the week:

On 8 October, China’s State Council Information Office issued a white paper to introduce the country’s actions on biodiversity conservation and share its achievements in the sector. The white paper, titled “Biodiversity Conservation in China,” said that China preserves biodiversity with creative and up-to-date measures, forming a new pattern of biodiversity conservation. The paper highlights progress and success on a number of climate related issues, centred under the theme of promoting and protecting biodiversity. As the country has continued focusing on pollution management amidst the promotion of sustainable development goals, there has been significant progress reversing the man-made impacts on the climate in areas such as reforestation, cleaning of rivers, and a focus on air quality. The whitepaper is also used to measure up the overall success of current programs in reaching their 2020 “Aichi” targets alongside the United Nations 2030 Sustainable Development Goals. By promoting and publishing their own efforts to ensure biodiversity, they hope to continue efforts made to strengthen law enforcement and supervision and encourage public participation in conserving biodiversity.

Swedcham China Insights is provided by Kreab Beijing

Part of SwedCham China Insights articles is also published on Sweden-China Trade Council homepage: www.sctc.se


About Kreab

Kreab Worldwide logo | Swedcham ChinaFounded in Stockholm, Sweden, in 1970, Kreab is a global strategic communications consultancy with offices in 25 countries, serving over 500 global clients. Kreab advises on communication issues of strategic importance in business, finance, and politics, helping clients solve complex communications challenges and achieve their strategic goals. The Kreab Beijing team is well known for its track record of helping clients manage and strengthen their reputation through services spanning corporate communications, financial communications, public affairs, and social media. Contact Kreab at kchina@kreab.com, follow Kreab on WeChat (ID: KreabChina), or visit Kreab’s website at https://www.kreab.com/beijing.

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