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OCT
05

CCXGF: Policy Review of ESG Reporting and Analysis of ESG Reporting of China's Publicly Listed Companies in 2022

BEIJING, Oct. 5, 2022 /PRNewswire/ -- In 2021, China experienced rapid development in the field of ESG, which entered a stage of policy guidance after the exploration and development of domestic ESG system. At present, it has achieved remarkable results in China. This paper analyzes its disclosure status and characteristics by sorting out ESG disclosure policies at home and abroad. It conducts a multiple-dimensional analysis on ESG disclosure of China's publicly listed companies in China in 2022.

1. Policy Review of ESG Reporting at Home and Abroad

As China's Green Development Strategy and "Dual Carbon" targets were raised, ESG investing has become a hot topic. An increasing number of institutional investors started to apply ESG concepts into their investment activities. The ESG performance has become one of the main factors for these investors to measure their decisions, and awareness of relevant information disclosure has been raised as well. Recently, the government and the capital market regulator have successively issued a series of documents on ESG Reporting Guidance, increasing the requirements for publicly listed companies.

1.1 Review and Trend of ESG Reporting Policy in U.S. and EU

Western countries have rich experience in the field of ESG, and the policy practice has a strong impact on the global development of ESG. The followings reveal the main policies and contents of ESG Reporting in western countries.

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OCT
05

AC Ventures and Boston Consulting Group establish the first quantifiable ESG standards for Indonesia's tech sector

AC Ventures partnered with The Upright Project and used its proprietary platform to measure its portfolio's impact on the environment and society. Overall, the firm and its portfolio delivered a result of +37% compared to the Nasdaq Small Cap Index's +29%.

JAKARTA, Indonesia, Oct. 5, 2022 /PRNewswire/ -- Earlier today, Indonesia-focused, early-stage venture capital firm AC Ventures (ACV) announced that it published the country's most in-depth, data-driven impact report to date on the local digital economy. In the report titled "Scaling Impact With Technology," ACV analyzed its own operations, as well as those of its portfolio companies, to offer a numerical baseline for environmental, social, and governance (ESG) reporting in the nation's tech scene and digital economy.

In partnership with Boston Consulting Group (BCG) and with support from The Upright Project in Europe (Upright), ACV carried out a rigorous analysis to better understand the tangible effects it is having on the environment and society in the archipelago.

Upright is a tech company based in Helsinki, Finland. Its mission is to create incentives for companies to optimize their net impact. It produces data that helps institutional investors and companies make smarter decisions for the future, with ESG reporting in mind. Using Upright's tech, ACV is the first venture capital firm in Southeast Asia to report on impact using quantifiable measures that meet European standards.

At the heart of the study is a metric known by industry practitioners as the 'net impact ratio.' This is a percentage score used to quantify how effectively a group of companies turns resources into positive impact. In the report, it measures how ACV and its portfolio performed in terms of 'environment,' 'health,' 'society,' and 'knowledge.'

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OCT
05

Zendesk Announces Customer Experience (CX) Maturity Report of Korean Companies

Korea respondents 13% Only great level service to provide number CX ' Champion' competencies Retention

SINGAPORE, Oct. 5, 2022 /PRNewswire/ -- According to the CX Accelerator report published by Zendesk (NYSE: ZEN), in order to meet customer expectations, companies should strive for excellence, but the Only 13% were found to qualify as 'CX Champion'. This means that there are only a handful of companies that provide excellent customer service in Korea, which ranks 7th in the 13 global markets surveyed.

Companies in Asia Pacific are not meeting customer expectations. Among the countries surveyed, 21% of Korean companies rated their ability to respond to customer feedback as 'very good'. This is ahead of Singapore (19%) and Japan (12%) and behind Australia (31%) and India (58%).

In addition, only 22% of Korean companies said that they quickly turn customer feedback into change, which is on par with Singapore (22%) and higher than Japan (12%). However, it lags behind other APAC markets, including Australia (31%) and India (58%).

No matter where your business is on the CX Maturity Scale - from Starters at the earliest stage of implementing a CX strategy to Emergers and Risers with expertise to CX Champions at the highest stage – the best The following changes are necessary to be oriented and to remain normal.

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OCT
05

NORD/LB partners with Trade Ledger to bring fast finance to corporates

Partnership streamlines processes for faster lending decisions by offering a next-generation digital solution

LONDON, Oct. 4, 2022 /PRNewswire/ -- NORD/LB, one of Germany's largest commercial banks, is accelerating access to finance for its large corporate customers, in a partnership with Trade Ledger, the global data-driven lending technology provider.

NORD/LB will use the Trade Ledger platform to originate and manage receivables finance facilities for large corporate customers. Processing and managing large receivables secured loans is admin-heavy and has previously required significant amounts of manual work on an ongoing basis, limiting the ability to distribute this popular product.

NORD/LB currently releases funds within 7 working days of a receivables finance client raising an invoice. Through the Trade Ledger platform, the bank expects to reduce this to just 24 hours, significantly improving access to working capital finance for its customers.

The Trade Ledger platform, which is designed specifically for asset backed business lending solutions, gathers and analyses digital data required for loan origination, including acquiring invoices direct from borrowers' enterprise resource planning (ERP) systems such as SAP. It augments and in some cases automates the bank's operations with the analysis and insight they need to make better lending decisions. Real-time digital data can feed NORD/LB's downstream systems, meaning end-to-end processes are kept in sync, and an always up-to-date view of the customer's funding position is maintained.

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OCT
04

BIT.COM AHEAD OF THE CURVE WITH NEW USD- MARGINED CRYPTO OPTIONS TRADING

BIT.COM AHEAD OF THE CURVE WITH NEW USD- MARGINED CRYPTO OPTIONS TRADING

ANOTHER STEP TOWARD WIDER INSTITUTIONAL ADOPTION WITHIN THE CRYPTO INDUSTRY

SINGAPORE, Oct. 4, 2022 /PRNewswire/ -- Bit.com has announced the launch of a best-in-class USD underlying options trading service today, delivering its users a new tool for trading crypto options denominated in dollars.


Bit.com’s New USD Options Trading

A leader in the crypto market since its establishment in 2019, Bit.com, the full-suite cryptocurrency exchange, is going further and faster than other exchanges to revolutionize access to options trading. 

With the new service off the ground, Bit.com users can now trade options in cryptocurrencies, with the options being denominated in and settled with USD or USDC. 

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NOV
26

China Ceramics Announces Progress in its Plans to Enter the Malaysian Market

JINJIANG, China, Nov. 26, 2019 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that the Company has entered into a non-binding letter of intent with a Malaysian contractor for the Company's ceramic tiles including its new 'cooling' ceramic tiles that it introduced in August of 2019. The Malaysian contractor intends to use the Company's ceramic tile products for use in high rise apartment buildings in the third quarter of 2020.

"This is an important step to increasing our exports to Southeast Asia due to the rapid rise in construction in the region and its climate conditions which make it an ideal fit for many of our ceramic tile products. Provided that the market demand and related conditions are in place, we plan upon substantially increasing our exports to this region," said Ms. Meishuang Huang, Chief Executive Officer of China Ceramics. "China Ceramics continues to deploy innovation and competitive pricing to secure new business. We believe that our new products will help us to enter new markets and ultimately diversify our revenue stream while contributing to our future growth."

The Company's anticipated entry into Malaysia is the first step of an expansion effort into Southeast Asia that is intended to capitalize upon the increased level of the region's new building construction which is due in part to China's Belt and Road Initiative. The Company foresees this as an opportunity to utilize its currently unused production capacity as it enters a dynamic regional market with an estimated population of 660 million people. The Company's Chief Executive Officer, Ms. Huang Meishuang, will oversee the execution of this planned expansion.

The Company plans to introduce specialized products into the Southeast Asia market that are suitable for the region due its generally warm climate, including the Company's recently announced new 'cooling' ceramic tiles. This building product is a new type of exterior ceramic tile designed to cool indoor temperatures of buildings. The new cooling ceramic tile series is designed as a stone pattern with a look of natural décor and luxury with richer patterns than organic stone materials. The Company is in the final stages of testing the new product and receiving its certification.

About China Ceramics Co., Ltd.

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NOV
26

TuanChe Limited. - Tmall-Auto Strategic Partnership To Explore New Business Model & Growth Opportunity

NEW YORK, Nov. 26, 2019 /PRNewswire/ -- Stone Street Group has announced it has published 2019 Q3 earnings update note on TuanChe Limited. (Nasdaq: TC).

The full report can be found here: TuanChe 2019 Q3 Update Report

Key Report Highlights:

TuanChe's net revenues from the first 9 months of 2019 grew by 8.8% YoY, remaining outperformed the overall industry where September marked the 15th consecutive month of a year-over-year decline in industry-wide passenger car sales in China. Gross profit also showed a YoY growth of 7.2% over a margin of ~70.6%.

Taking into consideration of the ongoing macroeconomic headwinds facing the auto industry, as well as heightened emission regulations, TuanChe management expects the company's net revenues to range from approximately RMB190 million to RMB200 million, representing an approximate YoY decrease of 16.1% to 11.7% in 4Q-2019, reflective of TuanChe's view on current business operating and market condition.

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NOV
26

Ideanomics Signs Deal with State-Owned Yunnan Energy To Create JV For Electric Vehicle Enablement

NEW YORK, Nov. 26, 2019 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company"), has today announced an exclusive agreement with Yunnan Energy to establish a joint venture to promote Electric Vehicle (EV) enablement within the Province, and into South East Asia through the province's designation as China's 'belt and road' partner.

The agreement provides for the establishment of a joint venture between Ideanomics and Yunnan Energy Investment Group Co., Ltd., a state-owned entity currently ranked as 219 in China's top 500 enterprises of 2019. The joint venture will exclusively promote the adoption of EV heavy trucks in the mining-centric province, as well as for Buses, Logistic Vehicles, and Taxis, as part of Ideanomics' MEG division's S2F2C (Sales-to-Financing-to-Charging) program. The JV anticipates leading the China market in this area, and extending its capabilities in China beyond Yunnan province, as well as into the ASEAN region, where Yunnan is the official "belt and road" sponsor and where Ideanomics has an interest in Malaysia's EV manufacturer Treeletrik.

Additionally, the parties will establish a development fund with resources from Yunnan province with two key objectives: 1) EV acquisition to include an operational company for the benefit of the leasor; and 2) Investment into cleantech mobile energy related projects identified by the joint venture, including investment into the construction and management of power grid infrastructure in South Asia and South East Asia to deliver the fast-charging and energy storage solutions required to support the EV industry.

"Yunnan province is an important keystone province, due to its extensive mining activities and its position as the sponsor for China's Belt and Road activities in South East Asia. This agreement, an extension to our recently announced Taxi deal, brings together Ideanomics' MEG division and Yunnan province with a shared objective of enabling commercial EV at scale in China and the ASEAN region," said Alf Poor, CEO of Ideanomics. "Together with the team at Yunnan Energy, we have developed objectives to significantly accelerate commercial EV adoption in China and South East Asia, and to invest in technologies and operating companies that make clean mobile energy a viable proposition."

Ideanomics will begin cooperation with Yunnan Energy immediately and expects to have its joint venture operational in early 2020. Yunnan Energy and MEG will provide the management resources for the JV, leveraging existing personnel in both organizations.

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NOV
26

Bluevisor wins Oracle Innovation Challenge

Bluevisor wins Oracle Innovation Challenge

SEOUL, South Korea, Nov. 26, 2019 /PRNewswire/ -- Bluevisor, a member company of the Born2Global Centre, was recently recognized by the global market for its AI-based asset management solution.

The company received first place in the "Oracle Innovation Challenge" pitching contest hosted by Oracle, a global software corporation. Nine companies that passed the document screening went on to the final round, with Bluevisor named one of three winners. The pitching contest was held on October 30 during Global Mobile Vision 2019, held for the first time in Korea this year (previously held in Australia and India).

In accordance with the win, Bluevisor will be eligible to participate in road shows and, through migration onto Oracle Cloud, receive technological and marketing support and other benefits from Oracle.


Bluevisor received first place in the “Oracle Innovation Challenge” pitching contest.

Bluevisor is a fintech startup that offers comprehensive, independent AI-based asset management solutions. Most recently, it released HIGHBULLS+, an AI platform for investing and asset management that uses AI to conduct all steps of the investment process—from portfolio setup, investment asset allocation to re-balancing portfolio. The service is available on PC or smartphones.

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NOV
26

OPPO Holds Launch for All-New ColorOS 7 Outside of China for the First Time

OPPO Holds Launch for All-New ColorOS 7 Outside of China for the First Time

NEW DELHI, Nov. 26, 2019 /PRNewswire/ -- World-leading smart device brand OPPO held the launch for its all-new ColorOS 7 today in New Delhi, India, the first time it has launched the custom Android-based operating system (OS) outside of China. With a new slogan, "Smooth and Delightful", the event unveiled ColorOS' Infinite Design concept as well as a series of tech solutions and fresh, localized features, to deliver an effortless, user-centered experience.


Martin Liu, Senior Strategy Manager of OPPO ColorOS

"OPPO sought to comprehensively optimize ColorOS, to make it faster and smoother for our more than 300 million users worldwide," said Martin Liu, Senior Strategy Manager of OPPO ColorOS. "This update not only reimagines the system design but enhances the audiovisual and gaming experience. Plus, we have brought our Indian users many localized features to suit their specific needs, and we will continue to expand these localization efforts."

Simple and lightweight, Infinite Design refreshes the user experience

With Infinite Design, ColorOS 7 has adopted a lightweight visual approach that simplifies the user interface, allowing users to focus more on their content. Besides full icon customization, Dark Mode opens up a superb reading experience in all-day conditions, helping users to be more concentrated and reduce battery consumption.

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