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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