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Top News In இரசாயன தொழில் குழு இணை Today - Breaking & Trending Today

State-Owned Chinese Coal Giants Pledge to Buy Green Power

State-Owned Chinese Coal Giants Pledge to Buy Green Power
caixinglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caixinglobal.com Daily Mail and Mail on Sunday newspapers.

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Regulator Criticizes Three Bond Underwriters in Yongcheng Coal Scandal

Regulator Criticizes Three Bond Underwriters in Yongcheng Coal Scandal
A self-regulatory body under China’s central bank announced that three major underwriters of Yongcheng Coal’s bonds had violated self-regulatory rules of the interbank bond market.
China’s interbank bond market regulator has criticized three more financial institutions involved in shady bond issuances by state-owned
Yongcheng Coal, the latest of 11 companies to be named and shamed after the coal miner’s surprise default shattered confidence in debt offerings by state-owned enterprises (SOEs).
On Friday, the National Association of Financial Market Institutional Investors (NAFMII), a self-regulatory body under China’s central bank, announced that three major underwriters of Yongcheng Coal’s bonds ....

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Yongcheng Coal Banned From Debt Sales for a Year

Yongcheng Coal Banned From Debt Sales for a Year
Current and former chairmen of Yongcheng Coal and Electricity Holding Group Co. Ltd. are deemed inappropriate candidates for positions in the debt financing instrument market for a year.
Yongcheng Coal and Electricity Holding Group Co. Ltd. was banned from debt sales for a year by China’s interbank bond market regulator after the state-owned coal mine operator’s bond
default two months ago set off a chain reaction in the bond market.
A “self-disciplinary” investigation into Yongcheng Coal found a number of violations, including inaccurate and incomplete information on the company’s independence disclosed in its bond issuance prospectus. The probe also turned up failure to accurately disclose assets used by the company’s controlling shareholder and related-party transactions with the controlling shareholder, the National Association of Financial Market Institutional Investors (NAFMII) said Thursday in a s ....

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Chinese coal groups vow to stabilize rising prices amid peak season

SOURCE / ECONOMY
By Global Times Published: Jan 03, 2021 02:08 PM
Photo taken on Dec. 22, 2020 shows a thermal coal yard of Huanghua Port in Cangzhou City, north China s Hebei Province. Huanghua Port, one of the key ports for thermal coal transportation in China, has stepped up its turnover rate since this December. A daily average of 500,000 tonnes of thermal coal is loaded to ships at the port now to quench the thirst for coal-fired power generation in southern parts of the country. (Xinhua/Wang Min)
Seven coal industry groups made a joint announcement on Sunday promising to stabilize coal market and try to control turbulent coal prices to ensure production safety and steady power supply, as coal prices continue to surge caused by rising winter demand, industry association reported. ....

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