trending Market Intelligence /marketintelligence/en/news-insights/trending/reEi2Ppj261k1Ac6tverWw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Major Chinese asset manager exits coal sector

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Essential Energy Insights - May 14, 2020


Report: Major Chinese asset manager exits coal sector

A Chinese state-owned investment holding company with more than 1 trillion yuan in assets under management exited the coal sector ahead of schedule, The Australian Financial Review reported March 19.

State Development & Investment Corp. Ltd., or SDIC, will no longer invest in coal-fired power plants and will turn its focus to other energy sources, the newspaper reported. SDIC said in 2016 that it would leave the coal sector by 2021.

Tim Buckley, the director of energy finance studies at the Institute of Energy Economics and Financial Analysis, said in a post on the organization's website that SDIC is "the first major domestic Chinese financial institution to exit coal" and called the announcement "globally significant." More than 100 institutions have restricted coal financing or insurance, according to IEEFA.

Some analysts told the Financial Review that SDIC's holdings would be shifted to another state-owned asset manager.

As of March 18, US$1 was equivalent to 6.71 yuan.