Author: Web Desk

BEIJING, July 22, 2021 /PRNewswire/ — China Petroleum & Chemical Corporation (HKG: 0386, “Sinopec”) has successfully closed the first bulk agreement transaction of China’s national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group. Per the official transaction data disclosed by the Shanghai Environment and Energy Exchange (SEEE), it was the first bulk agreement transaction since the official launch of China’s national carbon market and the only bulk agreement transaction on the day.

A total of 17 Sinopec’s subsidiaries have their self-supply power plants included in the national carbon market, among which four companies, namely Sinopec Shengli Oilfield, Sinopec Maoming Petrochemical, Sinopec Shanghai Petrochemical and ZTHC Energy, participated in the first day of carbon trading. Sinopec’s carbon trading business is operated by its wholly-owned subsidiary China International United Petroleum & Chemicals (UNIPEC) as the main body of operation, which uniformly conducts transactions of companies in the Sinopec system in the national carbon market.

Sinopec is actively participating in the establishment of pilot carbon markets and China’s national carbon market, carried out system-wide carbon emissions inspections and established a carbon emissions data accounting system in 2012, and initiated the construction of a carbon asset management information system in 2015 to effectively improve the efficiency of carbon emissions accounting and data accuracy. Sinopec’s pilot companies have all fulfilled their carbon quota compliance tasks in full, and accumulated extensive experience for entering the national carbon market.

Sinopec is unswervingly working towards the goal of net zero. The energy and chemical industry is a key area of work for China to reach peak carbon emissions and build the carbon market. In 2020, Sinopec proposed building a world-leading clean energy chemical company, and for the first time, “cleanliness” was incorporated into the company’s vision and goals.

The company is constructing an industrial layout of “one foundation, two wings and three news” with significant efforts, laying a solid basis with energy resources, strengthening the “two wings” of improving clean oil quality and modern industrial development, and expanding the “three news” – exploring new energy, new material and new economy.

As China proposes to reach peak carbon emissions in 2030 and achieve carbon neutrality by 2060, Sinopec is accelerating its construction of a clean, low-carbon energy supply system, increasing industrial and energy structure adjustments and continuing the reduction of greenhouse gas emissions. Sinopec will reduce the annual methane emission intensity by 50 percent by 2025, while developing carbon-neutral forests, carbon-neutral gas stations and other distinctive models to achieve carbon neutrality ahead of China’s target and contribute to making new contributions in tackling global climate change.

The carbon market is a market where the emission rights of carbon dioxide and other greenhouses gases are traded as a commodity in order to achieve the overall goal of controlling greenhouse gas emissions. It adopts market mechanisms to control and reduce emissions and promote economic development, and is an important institutional innovation of green and low-carbon transformation.

Please visit Sinopec for more information.

About Sinopec

Sinopec Corp. is one of the largest integrated energy and chemical companies in China. Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fiber, fertilizer and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.

Sinopec sets ‘fueling beautiful life’ as its corporate mission, puts ‘people, responsibility, integrity, precision, innovation and win-win’ as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading energy and chemical company.

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PASADENA, Calif., July 22, 2021 /PRNewswire/ — iHerb Holdings, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

About iHerb

We are the world’s largest eCommerce platform dedicated to the Vitamins, Minerals, Supplements, or VMS, category, with a growing presence in other areas of consumer health and wellness. Trusted by millions in over 185 countries, we offer a curated portfolio of branded and innovative third-party and proprietary products at the best possible value, conveniently delivered directly to our customers.

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BEIJING, July 22, 2021 /PRNewswire/ — Peng Liyuan, the wife of Chinese President Xi Jinping, on Tuesday addressed the Shanghai Cooperation Organization (SCO) forum on women’s education and poverty alleviation via video.

Peng, who is also a United Nations Educational, Scientific and Cultural Organization (UNESCO) special envoy for the advancement of girls and women’s education, said eliminating poverty and embracing happiness are the common aspirations of all women. By receiving education, knowledge and skills, women can have the power to lift themselves out of poverty.

Thanks to China’s unremitting efforts, the country has achieved a victory in the fight against extreme poverty, and hundreds of millions of Chinese women have been lifted out of poverty, she said, adding that China has adopted a series of measures to ensure women’s equal access to education and make them beneficiaries, participants and contributors in poverty alleviation.

Peng said reducing poverty through women’s education will have a strong impetus if a country attaches great importance to it, social organizations actively support it and people from all walks of life make selfless contributions.

She mentioned how Guizhou’s provincial government motivated more than 500,000 women to work at home by developing a women-tailored handcraft industry, how more than 3 million poor girls were able to complete their education under the nationally funded Spring Bud Project, and how a teacher named Zhang Guimei founded a free high school in an impoverished area that helped nearly 2,000 girls enter college.

With 435 million women still living in poverty in the world, the gender gap in education remains clear, Peng said, adding that the COVID-19 pandemic poses new challenges to reducing poverty for women.

Over the past 20 years, since the establishment of the SCO, women from member states have followed the “Shanghai Spirit,” exchanged experiences on women’s development, promoted cooperation in various fields and contributed their share to advancing SCO cooperation, Peng said.

We need to unite our love and make long-lasting efforts, continue to deepen cooperation in women’s education and poverty reduction, let education shine a light of hope on women and make more women enjoy opportunities to live a beautiful life, she said.

The forum is jointly organized by the All-China Women’s Federation (ACWF), the Committee of Good-Neighborliness, Friendship and Cooperation of the SCO and the Secretariat of SCO.

https://news.cgtn.com/news/2021-07-20/Peng-Liyuan-addresses-SCO-forum-on-women-s-issues-123aLctgSfS/index.html

Video – https://www.youtube.com/watch?v=jJVVI3hTw78

GUANGZHOU, China, July 22, 2021 /PRNewswire/ — The 130th China Import and Export Fair (Canton Fair) will be held in a merged format, both online and offline, between October 15 and November 3, 2021. This edition of the Canton Fair will feature displays in 51 exhibition sections based on 16 product categories along with a designated “rural vitalization zone” showcasing products from multiple rural areas of China and will be open to visitors both virtually and in-person.

The onsite exhibition will continue to be held in its familiar three-phase format, with each phase lasting 4 days. Total exhibition space is 1.185 million square meters and around 60,000 standard booths are expected to fill this enormous area. Chinese representatives of overseas organizations and companies, as well as domestic buyers, are all invited to attend the Fair. The Fair’s online exhibition website has developed innovative functionality which seamlessly combines the onsite event space allowing increased numbers of visitors to attend the offline version of the Fair.

Canton Fair is a comprehensive international trading event with the longest history, biggest scale, most complete variety of exhibits, and the largest business turnover in China. With this year being the centenary of the Communist Party of China, the 130th Canton Fair is of great significance. The Ministry of Commerce will work closely with the Guangdong Provincial Government to enhance and expedite the various plans that are in place including exhibition organization, celebration activities as well as further solidifying Canton Fair’s role as a platform for all-round development while consolidating the impressive gains made in COVID-19 prevention and control.

From a social and economic development perspective, the Fair will serve to bolster the new national development pattern which sees domestic economic circulation as the mainstay while both domestic and international economic circulations simultaneously reinforce each other.

Chinese and international companies are welcome to visit the grand event that is the 130th Canton Fair and together everyone can help to create a better future.

China Foreign Trade Centre

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