https://www.scmp.com/rss/509614/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Carol Yang Carol Yang Amid heightening global anxieties over energy security fuelled by the escalating conflict in the Middle East, China’s top energy regulator has pledged to accelerate the development of its hydrogen industry, hailing the fuel as a “strategic lever” to fortify national energy resilience. The National Energy Administration (NEA) called for “bold innovation” in the sector during a recent meeting reviewing the progress of hydrogen pilots and outlining future tasks, according to an official readout... https://www.scmp.com/economy/china-economy/article/3350313/china-fast-tracks-hydrogen-strategy-scale-phase-high-stakes-energy-transition?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350313/china-fast-tracks-hydrogen-strategy-scale-phase-high-stakes-energy-transition?utm_source=rss_feed Thu, 16 Apr 2026 10:00:21 +0000 Carol Yang Carol Yang China has achieved a breakthrough in its decarbonisation efforts by successfully repurposing a long-haul oil pipeline to transport carbon dioxide, in a trial run that offers a potentially scalable solution to accelerate the nation’s ambitious climate goals. The 27km (16.8-mile) route delivered carbon dioxide to an oilfield in central China’s Henan province earlier this month, according to China Oil and Gas Pipeline Network Corporation, also known as PipeChina. In an online statement, the... https://www.scmp.com/economy/china-economy/article/3343072/china-turns-old-oil-pipeline-new-carbon-highway-green-cost-cutting-gambit?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3343072/china-turns-old-oil-pipeline-new-carbon-highway-green-cost-cutting-gambit?utm_source=rss_feed Wed, 11 Feb 2026 02:00:11 +0000 Iman Muttaqin Yusof Iman Muttaqin Yusof When Hong Kong-based EcoCeres opened Malaysia’s first commercial-scale sustainable aviation fuel plant in Johor on Monday, officials pitched it as a new export segment positioned for strong growth, backed by the country’s ports, processing capacity and palm-adjacent supply chains. The problem is that the largest buyers are still not in Asia, EcoCeres says. “The major part of the demand is in Europe,” EcoCeres CEO Matti Lievonen told reporters at a press conference, adding that “absolutely much... https://www.scmp.com/week-asia/economics/article/3341370/malaysia-aims-be-sustainable-aviation-fuel-hub-what-about-low-asian-demand?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3341370/malaysia-aims-be-sustainable-aviation-fuel-hub-what-about-low-asian-demand?utm_source=rss_feed Tue, 27 Jan 2026 06:57:39 +0000 Vivian Au Vivian Au Hong Kong’s municipal solid waste levels at landfills fell to 3.85 million tonnes in 2024, marking three straight years of declines, but green groups have warned the trend could be short-lived following the shelving of a controversial waste-charging scheme last year. The latest figures from authorities on Monday also showed the average daily quantity of waste going to landfills was 10,510 tonnes, representing a 3.4 per cent decrease from 10,884 tonnes in 2023. The amount of plastic waste... https://www.scmp.com/news/hong-kong/health-environment/article/3337377/hong-kongs-solid-waste-levels-dip-third-year-green-groups-still-worried?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3337377/hong-kongs-solid-waste-levels-dip-third-year-green-groups-still-worried?utm_source=rss_feed Mon, 22 Dec 2025 13:17:16 +0000 Holly Chik Holly Chik China has launched a revolutionary facility in the eastern province of Shandong that produces fresh water from seawater for just two yuan (US$0.28) per cubic metre, generating green hydrogen as a by-product in a breakthrough that could redefine global water and energy systems. This small but world-first installation in the city of Rizhao is powered entirely by seawater and low-grade waste heat from nearby steel and petrochemical plants, official provincial news outlet Dazhong reported on... https://www.scmp.com/news/china/science/article/3335518/chinese-desalination-plant-makes-fresh-water-cheaper-tap-water-plus-green-hydrogen?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3335518/chinese-desalination-plant-makes-fresh-water-cheaper-tap-water-plus-green-hydrogen?utm_source=rss_feed Sun, 07 Dec 2025 16:00:11 +0000 Vincent Chow Vincent Chow A Singaporean battery recycling start-up has been crowned overall winner at this year’s EPIC start-up investment competition hosted by the Hong Kong Science and Technology Parks Corp. One hundred semi-finalists from 28 countries and regions gathered at the Kai Tak Cruise Terminal on Friday as they competed for the top cash prize of US$60,000 and valuable exposure to dozens of the region’s top investors. This year’s EPIC – short for Elevator Pitch International Competition – marked the ninth... https://www.scmp.com/tech/tech-trends/article/3331998/epic-victory-singapore-battery-recycler-hong-kong-start-business-pitch-battle?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3331998/epic-victory-singapore-battery-recycler-hong-kong-start-business-pitch-battle?utm_source=rss_feed Sat, 08 Nov 2025 00:00:32 +0000 Aileen Chuang Aileen Chuang Ultra-high-net-worth (UHNW) families are putting greater focus on legacy planning to create sustainable impact for future generations amid growing uncertainty and vast fortunes shifting to younger heirs, according to participants in a Standard Chartered event in Dubai focused on family offices. The emphasis among such families was changing from wealth preservation towards a strategic repositioning of family-office locations, governance structures, succession planning and decision-making,... https://www.scmp.com/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed https://www.scmp.com/business/money/wealth/article/3330897/ultra-rich-families-focus-driving-impact-across-generations-legacy-planning?utm_source=rss_feed Thu, 30 Oct 2025 08:58:55 +0000 Danielle Popov Danielle Popov Swire Coca-Cola, the bottling partner of the American drinks maker, has become the first company in Hong Kong to use locally sourced recycled plastic for its products, giving a boost to the city’s circular economy efforts. New Life Plastics, the city’s first food-grade ready plastic bottle recycling facility, has started supplying Swire Coca-Cola with locally sourced recycled polyethylene terephthalate (rPET) needed to bottle its drinks. Until now, the drinks company sourced rPET from overseas.... https://www.scmp.com/business/companies/article/3329098/coca-cola-goes-green-hong-kong-locally-recycled-pet-bottles?utm_source=rss_feed https://www.scmp.com/business/companies/article/3329098/coca-cola-goes-green-hong-kong-locally-recycled-pet-bottles?utm_source=rss_feed Wed, 15 Oct 2025 09:05:59 +0000 Eric Ng Eric Ng Hong Kong has its work cut out for it to become a supply centre for green maritime fuel, as it works with partners in mainland China to build a green methanol supply chain from scratch, according to shipowner China Merchants Energy Shipping. “Hong Kong has already realised liquefied natural gas [LNG] and biodiesel [fuelling] operations, with 130,000 tonnes of throughput so far,” said Wang Yongxin, president of the Shanghai-listed company, in a press briefing on Sunday. “But on green methanol, it... https://www.scmp.com/business/companies/article/3327151/methanol-supply-key-hong-kongs-goals-green-marine-fuels-cm-energy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3327151/methanol-supply-key-hong-kongs-goals-green-marine-fuels-cm-energy?utm_source=rss_feed Mon, 29 Sep 2025 00:30:13 +0000 Eric Ng Eric Ng EcoCeres, a Hong Kong-based renewable biofuel producer, expressed strong interest in investing in a regional industry supply chain for sustainable aviation fuel (SAF), contingent on the right conditions, according to the company’s CEO. In his policy address on Wednesday, Hong Kong Chief Executive John Lee Ka-chiu outlined ambitious plans to develop an SAF supply chain in the Greater Bay Area. However, EcoCeres CEO Matti Lievonen said demand clarity, critical infrastructure, feedstock security... https://www.scmp.com/business/article/3326154/ecoceres-keen-build-green-aviation-fuel-hub-hong-kong-depending-conditions?utm_source=rss_feed https://www.scmp.com/business/article/3326154/ecoceres-keen-build-green-aviation-fuel-hub-hong-kong-depending-conditions?utm_source=rss_feed Mon, 22 Sep 2025 01:30:08 +0000 Ambrose Li Ambrose Li Hong Kong can take a more active role in the multibillion-dollar impact investment sector by developing a thriving ecosystem that includes more start-ups, offers innovative financial products and upholds world-class standards, the finance chief has pledged. Financial Secretary Paul Chan Mo-po said on Sunday that the initiative was part of the city’s commitment to making the world more sustainable. He noted that last year, the capital involved in impact investment had reached US$1.6 trillion and... https://www.scmp.com/news/hong-kong/article/3325483/hong-kong-boost-impact-investment-sector-start-and-innovation-focus?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/3325483/hong-kong-boost-impact-investment-sector-start-and-innovation-focus?utm_source=rss_feed Sun, 14 Sep 2025 08:10:02 +0000 Connor Mycroft Connor Mycroft Hong Kong can play a role in helping the UN achieve its sustainability and humanitarian goals through green financing, the head of innovative finance at its refugee agency has said. Siddhartha Sinha also said that developing “good partnerships” would help Hong Kong as it looked to tap into Islamic financing, citing the agency’s own experience. Sinha was speaking to the Post on the sidelines of the Asian Venture Philanthropy Network (AVPN) Global Conference in Hong Kong on Wednesday. AVPN pitches... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3325212/very-valuable-role-hong-kong-helping-un-body-reach-green-finance-goals?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3325212/very-valuable-role-hong-kong-helping-un-body-reach-green-finance-goals?utm_source=rss_feed Thu, 11 Sep 2025 10:28:26 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX), operator of Asia’s third-largest stock market, has become one of the world’s largest fundraising platforms for the new energy sector, thanks to a slew of listing reforms to promote the city as a green finance hub, according to a government official. “There has been an active stream of listings of electric vehicle [makers and companies in the] EV supply chain, energy storage and hydrogen energy on the Hong Kong stock exchange,” said Salina Yan Mei-mei,... https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325033/hkex-reforms-turned-city-worlds-top-fundraising-hub-ev-makers-official?utm_source=rss_feed Wed, 10 Sep 2025 08:35:00 +0000 Enoch Yiu Enoch Yiu Hong Kong stands to benefit as a family office hub and impact investment centre, according to industry observers, after a survey showed ESG investments account for a growing share of the portfolios of nine out of 10 family offices globally. According to a study released on Wednesday by the Sustainable Finance Initiative (SFI), ESG investments – which seek to improve society, reduce pollution and address climate change risks – accounted for at least half of the portfolio for nearly 20 per cent of... https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed https://www.scmp.com/business/money/article/3324205/hong-kong-emerges-hub-impact-investments-90-family-offices-embrace-esg?utm_source=rss_feed Wed, 03 Sep 2025 10:45:08 +0000 Julie Zhang Julie Zhang The sustainable debt market in Hong Kong recorded solid growth in the first half of the year, with estimated issuances rising 15 per cent to US$34.3 billion from a year earlier, the Hong Kong Monetary Authority (HKMA) said on Wednesday as the city prepared to host the second annual Green Week event. Kenneth Hui, the authority’s executive director (external), said he hoped the momentum would extend to the second half, noting strong demand from international investors, particularly in Europe and... https://www.scmp.com/business/banking-finance/article/3324186/hong-kongs-sustainable-debt-market-grows-15-city-prepares-host-green-week?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324186/hong-kongs-sustainable-debt-market-grows-15-city-prepares-host-green-week?utm_source=rss_feed Wed, 03 Sep 2025 09:45:10 +0000 Enoch Yiu Enoch Yiu Hong Kong was responsible for nearly half of the green bonds issued in Asia in 2024 and saw a surge in sustainability-related funds, as strong demand from regional mainland governments and start-ups raised the city’s stature as a finance hub for climate-friendly projects, according to a minister. Green bond issuance in Hong Kong last year reached US$43 billion, representing 45 per cent of the region’s total and keeping the city atop the league table in Asia for the seventh consecutive year, said... https://www.scmp.com/business/banking-finance/article/3323896/hong-kongs-crop-green-bonds-esg-funds-flourishes-under-mainland-chinas-climate-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3323896/hong-kongs-crop-green-bonds-esg-funds-flourishes-under-mainland-chinas-climate-push?utm_source=rss_feed Mon, 01 Sep 2025 08:00:07 +0000 John Cremer John Cremer It is clear that a priority for many family offices and wealth managers worldwide is to invest in companies with a strong commitment to ESG (environmental, social and governance) principles. A 2024 PwC global study on family office deals found that in early 2022, “impact” investments surpassed more traditional choices for the first time, and have stayed above the 50 per cent mark since. For the year to June 2024, the number of deals in renewable energy and sustainable agriculture combined was... https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322806/rise-esg-investing-hong-kong-prompts-improved-reporting-standards?utm_source=rss_feed https://www.scmp.com/specialist-publications/special-reports/topics/wealth-family-offices/article/3322806/rise-esg-investing-hong-kong-prompts-improved-reporting-standards?utm_source=rss_feed Mon, 25 Aug 2025 22:00:08 +0000 Emily Hung,Lynn Zhang Emily Hung,Lynn Zhang In Hong Kong’s Kwai Tsing neighbourhood, a community recycling station has been quietly making an impact since opening in 2019. Green@Kwai Tsing, operated by the New Life Psychiatric Rehabilitation Association, serves as a collection point for various items that are sent to recyclers. Twelve mobile collection spots are also set up in the neighbourhood every week. Back in 2019, the station collected 20 tonnes of recyclables each month, but that has since surged to about 60 tonnes. “We have... https://www.scmp.com/news/hong-kong/health-environment/article/3322938/hong-kong-really-cutting-trash-year-after-axing-waste-charging-plan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3322938/hong-kong-really-cutting-trash-year-after-axing-waste-charging-plan?utm_source=rss_feed Sun, 24 Aug 2025 01:00:29 +0000 dpa dpa Following months of anticipation, the UK has just welcomed its first plant-based egg made from mung beans. The American brand Just Egg has launched in the UK and may be the answer to the country’s allergy and environmental concerns. Made from mung beans, the product claims to look, cook and taste like eggs – minus the chickens. With a steadily growing number of Britons exploring more sustainable, allergy-friendly or plant-forward diets, the arrival of this vegan egg could not be more timely. “We... https://www.scmp.com/lifestyle/food-drink/article/3321792/could-plant-based-egg-be-answer-uks-allergy-and-sustainability-concerns?utm_source=rss_feed https://www.scmp.com/lifestyle/food-drink/article/3321792/could-plant-based-egg-be-answer-uks-allergy-and-sustainability-concerns?utm_source=rss_feed Thu, 14 Aug 2025 04:15:11 +0000 SCMP Style Reporter SCMP Style Reporter For almost 70 years, Rolex has maintained close ties with the world of yachting, supporting the most prestigious yacht clubs across the globe. But its connection runs deeper than ceremonial partnerships. It’s a relationship built on shared values – precision, performance and pushing the limits. Nowhere is this more visible than in the Rolex SailGP Championship, a high-octane, hi-tech regatta where national teams battle it out on identical foiling catamarans at jaw-dropping speeds, often within... https://www.scmp.com/magazines/style/luxury/watches/article/3321771/style-edit-rolex-sailgp-championship-prizes-sustainability-and-inclusivity-well-speed?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/watches/article/3321771/style-edit-rolex-sailgp-championship-prizes-sustainability-and-inclusivity-well-speed?utm_source=rss_feed Thu, 14 Aug 2025 01:59:18 +0000 Bloomberg Bloomberg Companies will soon be expected to reflect climate risk in their profit and loss (P&L) accounts, revealing to investors how floods, storms and droughts affect bottom lines. The International Accounting Standards Board (IASB), whose rules are used in some 169 jurisdictions across the globe, is due to have a finalised set of examples by October to show companies how to disclose the impact of a hotter planet on P&L items, including impairments and provisions. It’s technical and may make “people’s... https://www.scmp.com/business/companies/article/3321687/new-accounting-rules-force-firms-show-climate-impact-bottom-line?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321687/new-accounting-rules-force-firms-show-climate-impact-bottom-line?utm_source=rss_feed Wed, 13 Aug 2025 06:41:14 +0000 Eric Ng Eric Ng EcoCeres, a Hong Kong-based producer of biofuels, said a European Union (EU) proposal aimed at combating fraud in the industry could discriminate against companies from outside the region. In January, the European Biodiesel Board (EBB), which represents 34 firms that produce 75 per cent of Europe’s output of the cleaner-burning alternative to fossil diesel, published proposals that it said would improve the EU’s system for quality verification. The proposals included annual on-site audits and... https://www.scmp.com/business/climate-and-energy/article/3320808/eu-biofuel-proposals-risk-discriminating-against-firms-outside-bloc-chinas-ecoceres?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3320808/eu-biofuel-proposals-risk-discriminating-against-firms-outside-bloc-chinas-ecoceres?utm_source=rss_feed Tue, 05 Aug 2025 23:30:07 +0000 Hannah Wang,Julie Zhang Hannah Wang,Julie Zhang UK-based start-up Barocal, which specialises in energy storage and conversion, won the US$1 million top prize at this year’s TERA-Award, created by Hong Kong tycoon Peter Lee Ka-kit. Lee is on a mission to discover unicorns in green energy development and innovation through his platform, aiming to tackle one of the world’s most pressing challenges: climate change. Now in its fourth year, the TERA-Award, established by Lee’s family office, Full Vision Capital, received a record 785... https://www.scmp.com/business/banking-finance/article/3318750/uk-start-barocal-wins-us1-million-tera-award-green-energy-innovation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318750/uk-start-barocal-wins-us1-million-tera-award-green-energy-innovation?utm_source=rss_feed Fri, 18 Jul 2025 23:30:08 +0000 Victoria Bela Victoria Bela Chinese scientists have developed a method to turn the alcohol methanol into white sugar, which they say could allow captured carbon dioxide to be converted into food. The team’s biotransformation system produces sucrose without the need to grow sugar cane or sugar beets – crops that require large amounts of land and water resources. Their method to convert methanol – which can be derived from industrial waste or made by hydrogenating carbon dioxide – into sucrose using enzymes was also adapted... https://www.scmp.com/news/china/science/article/3318025/chinese-team-says-carbon-dioxide-can-turn-sugar-offering-solution-global-problems?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3318025/chinese-team-says-carbon-dioxide-can-turn-sugar-offering-solution-global-problems?utm_source=rss_feed Sun, 13 Jul 2025 12:00:08 +0000 Dennis Lee Dennis Lee How do we “future-proof” Hong Kong’s built environment? For the design and construction industry in particular, this could be the most relevant question amid today’s grave challenges. In the global environment, military and tariff wars interrupt supply chains and the uncertain economic outlook hinders project investment and financing. These issues are complicated locally by a suspension of commercial land sales, a property market slump and escalating construction costs. If the worst of times can... https://www.scmp.com/opinion/hong-kong-opinion/article/3315697/no-better-time-property-slump-future-proof-urban-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3315697/no-better-time-property-slump-future-proof-urban-hong-kong?utm_source=rss_feed Fri, 27 Jun 2025 21:30:07 +0000 Eric Ng Eric Ng Hong Kong can become a regional trading hub for green marine fuel and help augment China’s influence on supply and pricing, according to an industry player. “Hong Kong’s advantages lie in its roles as an international free port, shipping and financial hub, and the government’s willingness to support energy transition and green finance,” said Leo Yang Xiaohu, president of CIMC Enric Holdings, which built the city’s first hydrogen refuelling station and related infrastructure in 2023. By boosting... https://www.scmp.com/business/commodities/article/3315926/hong-kong-has-potential-become-green-marine-fuel-hub-beijings-backing?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3315926/hong-kong-has-potential-become-green-marine-fuel-hub-beijings-backing?utm_source=rss_feed Fri, 27 Jun 2025 03:32:48 +0000 Wency Chen Wency Chen Ant International, which was spun off from fintech giant Ant Group last year, published its first independent sustainability report on Monday, underscoring its operational autonomy from its Chinese parent. Speculation has been rife over a potential listing by Ant International, which is registered in Singapore. In the report, the company emphasised its “new corporate identity”, describing its mission as “to make it easy to do business anywhere, bringing small and beautiful changes to the... https://www.scmp.com/tech/big-tech/article/3314582/ant-international-issues-first-sustainability-report-after-spin-amid-ipo-speculation?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3314582/ant-international-issues-first-sustainability-report-after-spin-amid-ipo-speculation?utm_source=rss_feed Mon, 16 Jun 2025 07:00:11 +0000 Eric Ng Eric Ng The European Union’s (EU) tariffs on biodiesel and renewable diesel from China present Hong Kong with an opportunity to promote the use of low-carbon fuels, according to a business group, which called for more measures to support its adoption. A dearth of financial incentives and infrastructure has also resulted in limited use by the public and private sector to meet climate goals, according to the Business Environment Council (BEC). “The EU’s anti-dumping tariffs have forced Chinese producers... https://www.scmp.com/business/climate-and-energy/article/3313299/eu-biodiesel-tariffs-offer-hong-kong-chance-boost-adoption-green-fuel?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3313299/eu-biodiesel-tariffs-offer-hong-kong-chance-boost-adoption-green-fuel?utm_source=rss_feed Sun, 08 Jun 2025 03:00:08 +0000 Eric Ng Eric Ng A Hong Kong lithium battery recycling start-up is eyeing opportunities at home and in Southeast Asia amid overcapacity and intense competition for recyclable materials in mainland China. Hong Kong Science and Technology Park-based Achelous Pure Metals currently has a capacity to process 150 tonnes of used non-electric vehicle (EV) batteries a year. It has set up its operations in an industrial building in Tuen Mun in the New Territories, which is pending approval from the Environmental... https://www.scmp.com/business/climate-and-energy/article/3313015/hong-kong-start-ups-unique-strategy-tackle-lithium-battery-recycling-home-overseas?utm_source=rss_feed https://www.scmp.com/business/climate-and-energy/article/3313015/hong-kong-start-ups-unique-strategy-tackle-lithium-battery-recycling-home-overseas?utm_source=rss_feed Thu, 05 Jun 2025 00:30:08 +0000 Julie Zhang Julie Zhang Small and medium-sized enterprises (SMEs) say they have been generating new business by leveraging their carbon-tracking technologies, despite some financial uncertainties facing the broader sector. For Hong Kong start-ups like Urban Spring, which supplies smart water refilling stations, and EzyGreenPak, which makes sustainable packaging, using technologies that measure climate-related data throughout their production chains has created new business opportunities. Both firms operate... https://www.scmp.com/business/companies/article/3312963/hong-kong-smes-generate-new-business-making-use-their-carbon-tracking-technologies?utm_source=rss_feed https://www.scmp.com/business/companies/article/3312963/hong-kong-smes-generate-new-business-making-use-their-carbon-tracking-technologies?utm_source=rss_feed Wed, 04 Jun 2025 02:25:01 +0000 Igor Patrick Igor Patrick The Brics economic bloc approved its first joint climate finance framework on Thursday, the group’s most coordinated effort to date on funding climate action and setting the stage for a shared position – a first for the group – ahead of Cop30 in Brazil. The nonbinding framework – agreed during a high-level meeting on climate change and sustainable development – outlines Brics priorities including the reform of multilateral development banks, the scaling up of concessional finance and the... https://www.scmp.com/news/china/diplomacy/article/3312365/brics-approves-climate-finance-framework-crafting-joint-position-first-time?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3312365/brics-approves-climate-finance-framework-crafting-joint-position-first-time?utm_source=rss_feed Thu, 29 May 2025 19:55:53 +0000 Aileen Chuang Aileen Chuang The third and final part of the decoupling series looks at how Hong Kong’s financial system is crucial for China to advance the internationalisation of the yuan amid geopolitical tensions and discussions on de-dollarisation. Read part one and part two. Anyone seeking evidence that international businesses are actively looking to diversify from the US dollar can find it in Qatar, according to Mary Huen Wai-yi, chairwoman of the Hong Kong Association of Banks. Businesses in the affluent Middle... https://www.scmp.com/business/banking-finance/article/3311570/why-chinas-yuan-needs-hong-kong-reach-new-international-heights?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3311570/why-chinas-yuan-needs-hong-kong-reach-new-international-heights?utm_source=rss_feed Sat, 24 May 2025 04:00:09 +0000 Emily Hung Emily Hung Hong Kong businesses are keenly observing the burgeoning new energy opportunities in the Middle East, as Gulf nations seek to diversify their oil-dependent economies and pave the way for a sustainable future. Cliff Zhang Kun, chairman of Templewater and Bravo Transport, which owns bus operator Citybus, said that the company was in discussions with Qatar and Kuwait to supply hydrogen buses, following a successful pilot project in Abu Dhabi. Zhang, who will be part of the official delegation... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3309464/middle-easts-shift-sustainable-energy-opens-doors-hong-kong-companies?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3309464/middle-easts-shift-sustainable-energy-opens-doors-hong-kong-companies?utm_source=rss_feed Thu, 08 May 2025 02:30:08 +0000 China recently issued its first sovereign green bonds on the London Stock Exchange, a landmark moment that projected Beijing as a leader in sustainable finance. The move was welcomed: it promised to channel international capital into China’s vast green economy and could deepen climate cooperation with Britain and the European Union. But China also continues to approve new coal power plants and last year launched construction on 94.5 gigawatts of capacity, the most since 2015. Therein lies a... https://www.scmp.com/opinion/china-opinion/article/3307482/china-must-resist-greenwashing-its-dirty-coal-habit-green-bonds?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3307482/china-must-resist-greenwashing-its-dirty-coal-habit-green-bonds?utm_source=rss_feed Thu, 24 Apr 2025 01:30:08 +0000 Peta Tomlinson Peta Tomlinson Nothing sparks collective nostalgia quite like Hong Kong’s historic “ding ding” trams. But could you imagine rekindling those memories in your own living room? Designer Eugenia Yiu did, upcycling waste glass from old carriage windows into an elegant piece of designer furniture. Incanto di Hong Kong, the drinks cabinet produced by Yiu, co-founder of Bill’s Design, is one of 10 bespoke pieces selected by the Hong Kong Interior Design Association to showcase the city’s design and manufacturing... https://www.scmp.com/postmag/design-interiors/article/3305040/these-hong-kong-designs-are-inspired-tradition-symbolism-and-sustainability?utm_source=rss_feed https://www.scmp.com/postmag/design-interiors/article/3305040/these-hong-kong-designs-are-inspired-tradition-symbolism-and-sustainability?utm_source=rss_feed Thu, 03 Apr 2025 10:15:14 +0000 Aileen Chuang Aileen Chuang David Webb, a Hong Kong corporate-governance activist battling terminal cancer, said he would make the online database he built up over decades freely available after his death as “a gift to the public interest”. The British citizen said he received more than 100 offers to carry forward his Webb-site platform, database and mission of enhancing corporate governance and public transparency, after he announced last month that he would shut down the site as he had only months to live. “I won’t allow... https://www.scmp.com/business/companies/article/3302717/hong-kong-activist-investor-leave-webb-site-data-github-gift-public-interest?utm_source=rss_feed https://www.scmp.com/business/companies/article/3302717/hong-kong-activist-investor-leave-webb-site-data-github-gift-public-interest?utm_source=rss_feed Mon, 17 Mar 2025 10:59:58 +0000 Aileen Chuang Aileen Chuang Barclays plans to leverage its strength in investment banking and technology to prepare for a turbulent year ahead in the region amid trade wars and recession risks, after the UK banking group produced its best returns on equity since 2021 last year. “There’s a lot of risk in the market at the moment, with geopolitical instability, trade wars, trade tariffs and controls, cyber threats, inflation and interest-rate uncertainty creating an increasingly dynamic environment for financial institutions... https://www.scmp.com/business/banking-finance/article/3301909/barclays-leverage-investment-banking-tech-strengths-grow-asia-pacific-markets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3301909/barclays-leverage-investment-banking-tech-strengths-grow-asia-pacific-markets?utm_source=rss_feed Tue, 11 Mar 2025 06:37:53 +0000 Great minds blazing a trail: five women are leading the way in the realm of science. See our other features on Megan Lam, Gina Jiang and Florence Chan. Wendy Lam is a determined 32-year-old, bringing environmental savvy into what has long been the workhorse of China’s economic boom. Growing up in the 2000s, she witnessed first-hand the environmental impact of traditional manufacturing through her father’s garment factory in the Pearl River Delta, which sparked her interest in eco-friendly... https://www.scmp.com/postmag/passions/article/3301250/wendy-lam-didnt-current-sustainable-packaging-so-she-made-her-own?utm_source=rss_feed https://www.scmp.com/postmag/passions/article/3301250/wendy-lam-didnt-current-sustainable-packaging-so-she-made-her-own?utm_source=rss_feed Tue, 11 Mar 2025 06:00:08 +0000 Eric Ng Eric Ng China’s power-equipment industry needs to shift its investment focus to storage and distribution infrastructure from renewable generation to stay viable amid excess capacity and rising protectionism overseas, according to Natixis, a French investment bank. “China’s investment in green energy technology is so massive that even in the worst scenario of energy transition, it will be enough to meet its own needs and maintain its [dominant] share in the global renewable equipment market for a long... https://www.scmp.com/business/article/3297508/china-must-refocus-renewable-energy-investment-distribution-generation-natixis?utm_source=rss_feed https://www.scmp.com/business/article/3297508/china-must-refocus-renewable-energy-investment-distribution-generation-natixis?utm_source=rss_feed Wed, 05 Feb 2025 23:30:08 +0000 Eric Ng Eric Ng Battery-powered electric trucks driving long-distance routes from Shenzhen are more cost-effective than those powered by diesel fuel, according to an expert from a think tank. A pilot programme completed last year in the city showed that trucks that run on batteries beat diesel-fuelled vehicles in terms of total cost of ownership if their annual mileage exceeded 60,000 kilometres, said Xie Haiming, the director of Shenzhen Xieli New Energy and Intelligent Connected Vehicle Innovation Centre, a... https://www.scmp.com/business/china-evs/article/3296897/electric-trucks-cheaper-diesel-vehicles-long-haul-routes-shenzhen-trial-expert?utm_source=rss_feed https://www.scmp.com/business/china-evs/article/3296897/electric-trucks-cheaper-diesel-vehicles-long-haul-routes-shenzhen-trial-expert?utm_source=rss_feed Mon, 03 Feb 2025 23:30:07 +0000 Eric Ng Eric Ng Asian investors should view nature investments favourably despite volatility in returns and longer investment horizons, as they offer diversification benefits and tackle climate change, according to an asset manager. There is an “early mover advantage” for investors in nature assets before it becomes mainstream, said Ben O’Donnell, chief investment officer of Climate Asset Management (CAM). The London-based fund manager is a joint venture formed in 2020 between HSBC Asset Management and climate... https://www.scmp.com/business/banking-finance/article/3296717/asian-investors-can-benefit-early-mover-advantage-nature-investments-fund-manager?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3296717/asian-investors-can-benefit-early-mover-advantage-nature-investments-fund-manager?utm_source=rss_feed Thu, 30 Jan 2025 02:30:08 +0000 Eric Ng Eric Ng Chinese power companies installed a record amount of generation capacity in overseas markets covered by Beijing’s Belt and Road Initiative, with nearly half of them using fossil fuels. They completed 24 gigawatts (GW) of projects in more than 150 countries with which China has signed cooperation agreements, the highest level since the initiative was launched in 2013, UK-based consultancy Wood Mackenzie said in a report on Monday. That compared with 10GW installed in 2023 and 22GW in 2022. Some... https://www.scmp.com/business/article/3296451/belt-and-road-chinese-power-firms-install-record-capacity-reliance-fossil-fuels?utm_source=rss_feed https://www.scmp.com/business/article/3296451/belt-and-road-chinese-power-firms-install-record-capacity-reliance-fossil-fuels?utm_source=rss_feed Mon, 27 Jan 2025 09:15:13 +0000 Eric Ng Eric Ng Hong Kong should be able to find sufficient sustainable aviation fuel (SAF) in the region to meet its short-term needs, but the government must exercise care in setting usage targets and regulating infrastructure facilities, according to speakers at a sustainable aviation forum. The city, which has committed to setting an SAF usage target for flights departing from Hong Kong’s airport within this year, can learn from the experiences of other markets that have already implemented such mandates,... https://www.scmp.com/business/companies/article/3296220/hong-kong-should-learn-eu-missteps-sustainable-jet-fuel-cathay-pacific?utm_source=rss_feed https://www.scmp.com/business/companies/article/3296220/hong-kong-should-learn-eu-missteps-sustainable-jet-fuel-cathay-pacific?utm_source=rss_feed Sat, 25 Jan 2025 01:00:16 +0000 Eric Ng Eric Ng Tianqi Lithium, one of the world’s largest producers of lithium-ion battery materials, warned of a worse-than-expected loss because of a prolonged slump in prices and impairments to cease expansion in Australia. The Chengdu, Sichuan province-based company said in a filing to the Hong Kong stock exchange on Friday that it expected to post a net loss of 7.1 billion yuan (US$978.3 billion) to 8.2 billion yuan for last year. The company made a profit of 7.29 billion yuan in 2023. Tianqi’s shares... https://www.scmp.com/business/companies/article/3296093/tianqi-lithium-warns-us1-billion-loss-price-slump-halt-australian-expansion?utm_source=rss_feed https://www.scmp.com/business/companies/article/3296093/tianqi-lithium-warns-us1-billion-loss-price-slump-halt-australian-expansion?utm_source=rss_feed Fri, 24 Jan 2025 04:59:25 +0000 Eric Ng Eric Ng Hong Kong and China Gas (Towngas), the city’s sole gas provider, has teamed up with a Singapore marine fuel and logistics provider to develop a green methanol supply chain, the company’s latest initiative to meet the region’s energy transition needs. Towngas signed a memorandum of understanding (MOU) with Global Energy Trading to develop green methanol supply chains across Asia, the Hong Kong-listed company said in a statement on Monday. “This partnership represents a significant milestone in... https://www.scmp.com/business/commodities/article/3295605/hong-kongs-towngas-and-singapores-global-energy-develop-green-methanol-supply-chain?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3295605/hong-kongs-towngas-and-singapores-global-energy-develop-green-methanol-supply-chain?utm_source=rss_feed Tue, 21 Jan 2025 05:30:08 +0000 Eric Ng Eric Ng A new report from Fidelity International (FIL) showed that growth in attendance at the general meetings of mainland-listed companies has slowed, though minority investors have become more forceful in expressing their opinions on controversial proposals. A top-down regulatory push, including the implementation of a stewardship code, could improve the situation, according to the report, which was published last month with Beijing-based proxy advisory firm ZD Proxy Shareholders Services. “We may... https://www.scmp.com/business/article/3295375/fidelity-report-pulls-back-curtain-minority-shareholder-participation-china?utm_source=rss_feed https://www.scmp.com/business/article/3295375/fidelity-report-pulls-back-curtain-minority-shareholder-participation-china?utm_source=rss_feed Sun, 19 Jan 2025 23:30:19 +0000 Eric Ng Eric Ng Shares of Longi Green Energy Technology fell by the most in a week after the Chinese solar-panel components producer warned of bigger than expected losses amid a prolonged domestic price war and chronic oversupply in the industry. The world’s largest maker of solar silicon wafers expects to report a loss of 8.2 billion yuan (US$1.1 billion) to 8.9 billion yuan for 2024, according to a Shanghai Stock Exchange filing on Friday. The firm was expected to lose 7.1 billion yuan, according to forecasts... https://www.scmp.com/business/article/3295140/shares-solar-panel-maker-longi-tumble-price-war-glut-stoke-losses?utm_source=rss_feed https://www.scmp.com/business/article/3295140/shares-solar-panel-maker-longi-tumble-price-war-glut-stoke-losses?utm_source=rss_feed Fri, 17 Jan 2025 04:46:23 +0000 Eric Ng Eric Ng Hans Group Holdings, the majority owner of Hong Kong bus operator Citybus, has secured a supply of hydrogen from a mainland producer, part of its effort to decarbonise its fleet by using the clean fuel. Hans Group, Citybus and Grand Resource Hydrogen Energy Science & Technology, which is based in Shenzhen and controlled by the Guangdong provincial government, signed a supply agreement on Wednesday. Grand Resource Hydrogen has guaranteed a minimum daily supply of five tonnes of hydrogen at prices... https://www.scmp.com/business/article/3294909/citybus-majority-owner-hans-group-makes-deal-fuel-hydrogen-powered-buses-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3294909/citybus-majority-owner-hans-group-makes-deal-fuel-hydrogen-powered-buses-hong-kong?utm_source=rss_feed Wed, 15 Jan 2025 12:03:24 +0000 Enoch Yiu Enoch Yiu Hong Kong and countries in the Middle East are looking to deepen collaboration in finance, artificial intelligence (AI), logistics and big infrastructure projects, government officials said on Tuesday. The city’s strong capital market could help Gulf Cooperation Council (GCC) countries raise funds to finance projects as they seek to diversify their economies, said Gulf officials, who welcomed investment from Hong Kong. The GCC comprises Saudi Arabia, United Arab Emirates, Oman, Qatar, Bahrain... https://www.scmp.com/business/banking-finance/article/3294735/hong-kong-gulf-nations-seek-synergies-finance-and-infrastructure-deepen-ties?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3294735/hong-kong-gulf-nations-seek-synergies-finance-and-infrastructure-deepen-ties?utm_source=rss_feed Tue, 14 Jan 2025 10:51:10 +0000 Aileen Chuang Aileen Chuang The chief investment officers (CIOs) of some of the world’s largest asset managers remain cautious about the macroeconomic outlook after last year’s market gains, as they navigate potential minefields this year. Top executives’ confidence in global growth prospects is at one of its lowest points in recent years, with US president-elect Donald Trump set to take over the reins next week and a clear picture yet to emerge on China’s policies for rejuvenating its economy. “We’ve had a very good... https://www.scmp.com/business/banking-finance/article/3294665/top-cios-cautious-global-growth-amid-trump-and-china-policy-uncertainties?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3294665/top-cios-cautious-global-growth-amid-trump-and-china-policy-uncertainties?utm_source=rss_feed Tue, 14 Jan 2025 06:37:40 +0000