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Sinochem Holdings Corp Ltd was officially unveiled in Beijing on Saturday, ushering in high-quality development in China's chemical industry, the State-owned Assets Supervision and Administration Commission of the State Council said.
6-May-2021 Source: EHang
EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”) successfully showcased Urban Air Mobility while attending the Fourth Digital China Summit from April 25 to April 29 in Fuzhou, China. This summit is hosted by Cyberspace Administration of China, National Development and Reform Commission, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission of the State Council, and the People’s Government of Fujian Province. The company highlighted its aerial mobility solutions and attracted attention with passenger-carrying trial flights while substantial crowds learned more at EHang’s booth, making EHang a hot topic at the summit. More than 100 news outlets featured EHang’s AAV and UAM solutions in various forms including live broadcast, interviews, and articles.
The Buyer: CNOOC Ltd. is China s largest offshore oil and gas producer and is one of the largest oil and gas exploration and production companies in the world. At the end of 2011, it had 909,000 barrels of oil equivalent per day of production.
Its Beijing-based parent, China National Offshore Oil Co., operates directly under the State-owned Assets Supervision and Administration Commission of the State Council of the People s Republic of China.
CNOOC Ltd. shares trade on Hong Kong and New York stock exchanges.
The Offer: On July 23, Nexen announced it had accepted CNOOC Ltd. s all-cash offer of $27.50 per share, worth $15.1 billion. In a circular to shareholders a month later, Nexen revealed it had rejected two earlier CNOOC offers as too low.
By Addison Gong
08.30 AM
In this round-up, China’s macro leverage drops on a year-on-year basis for two consecutive quarters, Ping An Insurance Group plans to invest up to Rmb50.75bn ($7.84bn) in troubled conglomerate Peking University Founder Group, and the securities regulator has put more weight on the pre-listing education process of domestic IPO candidates.
China held a politburo meeting last Friday. The country’s macro policies will be “consistent, stable, sustainable” and have “no sharp turns”, notes from the meeting said. Prudent monetary policies will be adopted to maintain “reasonable and ample liquidity”, and to keep the renminbi exchange rate “basically stable at a proper and balanced level”. The country pledged to develop the new energy sector and continue working on reducing carbon emissions, and facilitate the recovery of the manufacturing sector as well as private investments.