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09.04.26 - 14:42
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China throws the switch on battery buildout equal to 10 times US capacity in 2025 (SCMP)
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China's leading battery makers have unveiled plans to add more than 600 gigawatt-hours (GWh) of new production capacity for the energy storage system (ESS) market in just the first two months of 2026, underscoring surging global demand for renewable energy infrastructure.
The planned facilities – spanning major players from Contemporary Amperex Technology Ltd (CATL) to Gotion High-tech – amount to roughly 10 times the 58GWh of total capacity installed across the United States in 2025.
According......
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09.04.26 - 11:48
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China′s central bank issues rare public rebuke of Xin Hua Fund over reporting failures (SCMP)
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Xin Hua Fund Management has been reprimanded by China's central bank for submitting inaccurate financial data and failing to rectify the issue in a timely manner, in a rare public rebuke of a mutual fund firm over compliance lapses.
The Chongqing branch of the People's Bank of China summoned the firm for regulatory talks, according to a statement on its website, ordering it to strengthen oversight of raw data quality and improve its financial reporting practices.
During the meeting, regulators......
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