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On April 24, the China Securities Regulatory Commission (CSRC) issued the "Rules for the Supervision of Board Secretaries of Listed Companies," which will take effect on May 24, 2026. The main contents of the "Rules for Board Secretaries" are as follows: First, clarifying the scope of responsibilities. The rules detail the specific responsibilities of board secretaries in areas such as information disclosure, corporate governance, and internal and external communication. Second, improving safeguards for performance of duties. The rules provide safeguards in multiple aspects, including information access, performance platforms, and remedies, to promote the full and lawful performance of duties by board secretaries. Third, improving appointment management. The rules enhance the professional competence and compliance requirements for board secretaries, prohibiting concurrent positions that may affect their independent performance of duties. The nomination committee is required to review the qualifications of board secretaries. Fourth, strengthening accountability. Listed companies are required to establish a regular evaluation and accountability mechanism for the performance of board secretaries; strict regulatory measures or penalties will be taken against listed companies that violate laws and regulations but whose board secretaries have failed to perform their duties diligently. Fifth, clarifying transitional arrangements. A transitional period is set for matters such as the appointment and concurrent positions of board secretaries of listed companies until December 31, 2027. During the transitional period, any inconsistencies between the above matters and the "Rules for Board Secretaries" should be gradually adjusted to comply with the regulations.Swiss National Bank President: We have no plans to increase or decrease our gold holdings.On April 24, Li Qingshuang, Vice Chairman of the China Council for the Promotion of International Trade (CCPIT), met with a delegation led by Emmanuel Faber, Chairman of the International Sustainability Guidelines Council, in Beijing. The two sides exchanged views on strengthening institutional cooperation, promoting enterprises to implement sustainable disclosure guidelines, and better participating in global trade and investment activities.On April 24th, according to industry sources, Meituans new generation of large-scale basic model, LongCat-2.0-Preview, has been released for open testing. This model boasts over a trillion parameters, placing it among the worlds top large-scale models. Sources familiar with the matter revealed that DeepSeeks new generation V4 large-scale model, released on the same day, has essentially the same total number of parameters and activation parameters as Meituans LongCat-2.0-Preview. Beyond the sheer scale of its parameters, a major breakthrough for Meituans new generation of large-scale basic model lies in its complete reliance on domestically produced computing power clusters for both training and inference. According to the aforementioned sources, Meituan utilized between 50,000 and 60,000 computing cards during this training phase, making it the largest large-scale model training task ever completed using domestic computing power.British fintech company Revolut is shutting down its commodities business for precious metals trading in parts of Europe.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.


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