CBN丨China to push low-carbon transition in orderly manner

Hi everyone. I’m Stephanie LI.大家好，我是主持人李莹亮。Coming up on today’s program.重点提要 -Chinese Vice Premier stressed coordinated efforts to secure energy supply and make new progress in promoting clean and efficient use of coal; -The NDRC released two plans on energy targets by 2025 as well as the development of hydrogen industry. Here’s what you need to know about China in the past 24 hours 中国经济要闻China should see to it that coal plays the role of guaranteeing the country’s energy and electricity supplies, Chinese Vice Premier Han Zheng said on Tuesday, sending a signal that the nation will secure energy supplies in the process of achieving the carbon emissions targets. The clean and efficient use of coal is a vital path to achieving the country's carbon peak and carbon neutrality goals, calling for moves to advance a green transition of energy in a scientific and orderly manner, Han said while presiding over a meeting promoting the clean and efficient use of coal.China should focus on key fields and sectors and advance energy conservation and carbon reduction retrofits in coal-intensive industries, he added.The vice premier also called for efforts to popularise advanced energy conservation technologies and achieve breakthroughs in core technologies in this field, while scaling up financial supports for clean coal. 中共中央政治局常委、国务院副总理韩正3月22日主持召开煤炭清洁高效利用工作专题座谈会。韩正表示，要进一步统一思想认识和行动，统筹发展与安全，深刻认识新形势下保障国家能源安全的极端重要性，坚持从国情实际出发推进煤炭清洁高效利用，切实发挥煤炭的兜底保障作用，确保国家能源电力安全保供。要深刻认识推进煤炭清洁高效利用是实现碳达峰碳中和目标的重要途径，统筹做好煤炭清洁高效利用这篇大文章，科学有序推动能源绿色低碳转型，为实现高质量发展提供坚实能源保障。韩正强调，要加强统筹谋划，聚焦重点领域，整合各方面资源，形成推进煤炭清洁高效利用的合力。要坚持目标导向和问题导向，抓住重点行业和关键环节，推动煤炭清洁高效生产和洗选，抓好电力等主要用煤行业节能降碳改造，大力加强散煤治理。要加强先进技术推广应用和关键核心技术研发攻关，突出应用导向，强化企业创新主体作用。要完善财税金融等支持政策，稳定市场预期，吸引社会资本广泛参与。各有关部门单位要加强组织领导，强化工作落实，共同推动煤炭清洁高效利用不断迈上新水平。China’s NDRC on Wednesday released a plan on the development of hydrogen energy for the 2021-2035 period. The number of hydrogen-fuelled vehicles will reach 50,000 by 2025, while annual hydrogen production from renewable energy is expected to reach 100,000 tons to 200,000 tons and enables carbon dioxide emission reduction of 1 million to 2 million tons per year. By 2035, the proportion of hydrogen produced from renewable energy in terminal energy consumption will increase significantly.发改委氢能产业规划：3月23日，国家发展改革委、国家能源局联合印发的《氢能产业发展中长期规划（2021-2035年）》对外发布，提出了氢能产业发展各阶段目标：到2025年，基本掌握核心技术和制造工艺，初步建立以工业副产氢和可再生能源制氢就近利用为主的氢能供应体系，燃料电池车辆保有量约5万辆，部署建设一批加氢站，可再生能源制氢量达到10-20万吨/年，实现二氧化碳减排100-200万吨/年。到2035年，形成氢能多元应用生态，可再生能源制氢在终端能源消费中的比例明显提升。The top economic planner on Tuesday issued the 14th Five-Year Plan (2021-25) for a modern energy system, in which it outlined clear targets for annual energy supply capacity while specifying measures to enhance the country's energy independence. The government plan highlighted the targets by 2025 for the annual production capacity of 4.6 billion tons of standard coal, 200 million tons of crude oil, 230 billion cubic meters of natural gas, and about 3 billion kilowatts of the total installed capacity for power generation. “十四五”能源规划敲定重点：3月22日消息，近日，国家发展改革委、国家能源局印发《“十四五”现代能源体系规划》，对水、核、风、光等非化石能源发电作出统筹安排，提出积极安全有序发展核电。《规划》明确，到2025年，国内能源年综合生产能力达到46亿吨标准煤以上，原油年产量回升并稳定在2亿吨水平，天然气年产量达到2300亿立方米以上，发电装机总容量达到约30亿千瓦。非化石能源消费比重提高到20%左右，发电量比重达到39%左右，电能占终端用能比重达到30%左右，新能源汽车新车销量占比达20%左右。展望2035年，可再生能源发电成为主体电源。Next on industry and company news产经消息及公司新闻Revenues at Tencent Music Entertainment, China’s largest online music group, managed a 7 percent year-on-year increase, reaching 31.2 billion yuan, the company said in a filing on Tuesday. Net profit attributable to equity holders in 2021 was 3.03 billion yuan, down 28 percent from the year before. The company also revealed that it will seek a secondary listing in Hong Kong without raising additional capital. 腾讯音乐营收增长利润下滑：3月22日，腾讯音乐发布了截至2021年12月31日的第四季度及全年未经审计财务报告。腾讯音乐2021全年实现营收312.4亿元，同比增长7.2%；归属于母公司股东净利润为30.3亿元，同比下滑27.10%。腾讯音乐计划在获得监管批准的情况下，以介绍形式于香港联合交易所主板二次上市。Chinese consumer electronics company Xiaomi Corp on Tuesday reported growth in the fourth quarter of 2021 as it saw rapid growth in overseas markets and growing shipments of high-end smartphones. Its revenue rose 21.4 percent year-on-year to reach 85.6 billion yuan in the quarter, while its adjusted net income increased 39.6 percent to 4.47 billion yuan. 小米Q4收入同比大增：3月22日，小米集团公布2021年Q4及全年业绩。具体来看，全球化业务增长强劲，智能手机全球市占率创新高；高端智能手机全球出货量翻倍增长。财报显示，2021年第四季度，小米集团实现收入856亿元，同比增长21.4%；经调整后净利润45亿元，同比增长39.6%。Fosun International plans to invest 6.34 billion yuan to take full ownership of the Bund Finance Center, a landmark commercial property in the centre of Shanghai. The Chinese conglomerate said on Monday that it intends to take a 50 percent stake in Shanghai Fosun Bund Real Estate from Zhongrong International Trust. 复星国际买下外滩金融中心：3月21日晚间，复星国际有限公司公告称，计划以63.42亿元的代价收购中融信托持有的外滩金融中心（BFC）50%股权。根据公告，目标公司复星外滩目前由复星国际和中融信托各持股50%。交易完成后，复星国际将间接拥有目标公司100%股权。Hong Kong Disneyland Resort reported on Monday a revenue gain of 19 percent from the previous fiscal year to HK$1.7 billion, boosted by a 64 percent surge in the number of visitors to 2.8 million despite challenges of the pandemic. The theme park rang up a net deficit of HK$2.4 billion in the 2021 fiscal year and has been running at a loss since 2015.香港迪士尼连续7年亏损：3月21日，香港迪士尼公布2021年财政年度业绩，连续7年录得亏损，但去年净亏损相对上一个财政年度收窄12%至24亿元；全年业务收入则按年上升19%至17亿元，总入场人次仍回升至280万，较上一个财年上升64%。A study published by consulting firm Ernst & Young (EY) Germany on Tuesday showed that the number of transactions of Chinese company investments in Europe reached 155 in 2021, with total transaction volumes increased eightfold to $12.4 billion, after suffering a pandemic-related slump in 2020.中企去年欧洲收购活跃：全球审计和咨询公司安永的最新研究结果显示，2021年，中国公司在欧洲的收购活动交易数量较上一年大幅增加，从132笔增加到155笔。交易额也大幅提高，投资和收购的价值增加8倍，上升到124亿美元。Switching gears to the financial sector金融市场要闻The People's Bank of China issued 5 billion yuan worth of six-month bills at an interest rate of 2.6 percent on Tuesday, which have been 4.4 times oversubscribed, official data showed.50亿央票在港超购4.4倍：3月22日，人民银行在香港成功发行了50亿元6个月期人民币央行票据，中标利率为2.6%。人民银行表示，此次发行受到境外投资者广泛欢迎，投标总量超过220亿元，约为发行量的4.4倍。China's top securities regulator has released four fines to Shenwan Hongyuan Securities on Tuesday for improper management in connection with its online investment advisory business in cooperation with Ant Group, an affiliate of Alibaba Group. The notice ordered Shenwan Hongyuan Securities to carry out an internal compliance review once every three months within a year from March 17. 券商与蚂蚁财富合作违规：3月22日，上海证监局一次性挂出4份监管函，涉及申万宏源证券及3名负责人。从违规事由来看，主要是由于申万宏源证券与蚂蚁财富（上海）金融信息服务有限公司合作开展线上投资顾问业务时存在未独立开展适当性管理等违规行为。责令申万宏源证券自监督管理措施决定作出之日起1年内，每3个月开展一次内部合规检查，并在每次检查后10个工作日内，向该局报送合规检查报告。Wrapping up with a quick look at the stock market最后来看股市收盘情况Chinese stocks fluctuated in a tight range throughout Wednesday as the benchmark Shanghai Composite gained 0.35 percent, while the Shenzhen Component inched up 0.73 percent. The Hang Seng Index continued to climb 1.21 percent with the TECH Index rallying 2 percent.周三A股全天窄幅震荡，截至收盘，沪指涨0.35%，深成指涨0.73%，创业板指涨1.03%。恒指继续昨天升势，收涨1.21%，恒生科技指数涨2.05%，其中哔哩哔哩涨10.1%，阿里巴巴涨6.72%，快手涨6.3%。Biz Word of the Day财经词汇划重点Hydrogen from renewables can be produced through various ways, with the most established being the use of renewable electricity to split water into hydrogen and oxygen in an electrolyser. Hydrogen from renewable power highlights the technical potential to channel large amounts of renewable electricity to sectors for which decarbonisation is otherwise difficult. 可再生能源制氢是指将可再生能源与氢能结合起来，以实现全过程的零碳排放为目标，进行大规模制氢的过程。电解水制氢被认为是未来制氢的发展方向，特别是利用可再生能源电解水制氢，具备将大量可再生能源电力转移到难以深度脱碳工业部门的潜力。