Page 2 - Bob Simison News Today

Ex-Bank Regulator Kicked Out of Communist Part in Bribery Probe - Li Guorong accepted illegal payments related to Baoshang Bank failure while serving as a senior executive in the bank’s government takeover, graft busters say

China Rejects U.S. Assertion Russia Asked for Military Aid - After Foreign Ministry brands report as ‘disinformation,’ China and U.S. officials conduct six-hour ‘substantial discussion’ of Ukraine war in Rome

SF Express Halts Deliveries From Hong Kong to Mainland - Covid Surge spurs move by logistics giant as Hong Kong battles its worst outbreak of the pandemic and infections spread to mainland

China’s State Grid Sells AusNet Stake for $1.3 Billion - Investment more than doubles over nine years under the power giant’s overseas electricity transmission and generation market strategy

Hong Kong-Traded GCL-Poly Energy Plans Mainland Share Sale - Solar power equipment maker may join rush of rivals into the A-share market, where investors favor the sector more than those in Hong Kong and the U.S.

Huarong Sells Brokerage Stake to China Reform Holdings - State-owned investment firm pays $1.72 billion for 72% of Huarong Securities as the troubled bad asset manager offloads assets

China’s Banking Regulator Plans ‘Traffic Lights’ for Financial Sector - CBIRC’s 2022 goals include curbing the use of funds by banks and insurance companies for ‘blind overleveraging,’ financial monopolies and unfair competition

Energy Insider: Tesla Plans $188 Million Expansion of Shanghai Factory - State-owned Datang to invest in African clean energy; NDRC weighs coal pricing overhaul; renewable energy stocks get a boost from bank funds

Energy Insider: Lithium Prices Soar to Record High on Strong EV Demand - CATL invests $160 million in mining and new materials; coal stocks at power plants on track to set record; Xi calls for national power market

Cover Story: Disappointments and Hopes From the Climate Summit - U.N. conference to combat global warming yields important progress on emissions but doesn’t go far enough, especially on coal, experts say