On March 5, the People’s Government of the Inner Mongolia Autonomous Region officially issued the “Outline of the 15th Five-Year Plan for National Economic and Social Development of the Inner Mongolia Autonomous Region,” clearly listing hydrogen energy storage, rare earth new materials, and green hydrogen-ammonia-methanol as strategic priorities, accelerating the development of the entire industry chain for green hydrogen, and building a nationally important high ground for the energy storage industry, thereby charting a clear path for energy transition and industrial upgrading. I. Hydrogen Energy Storage: Building the Entire Industry Chain and Sprinting Toward an Energy Storage Scale of 60 million kW The Outline proposed to expand and strengthen the hydrogen energy storage industry , with the core goals and measures as follows: Full-chain deployment of green hydrogen : Accelerate the development of the entire industry chain for green hydrogen—“ production, storage, transportation, and use ”—and build green hydrogen, green ammonia, and green methanol industry clusters; advance cross-provincial and cross-regional long-distance hydrogen-ammonia-methanol pipeline projects, and moderately make forward-looking arrangements for green hydrogen storage and transportation infrastructure. Leap in energy storage scale : Advance pumped-storage hydropower in stages, implement a special action for the large-scale development of new-type energy storage, and build a diversified energy storage system; by the end of the “15th Five-Year Plan” period, new-type ESS installations are expected to reach 60 million kW , and demand-side response capability is expected to exceed 5 of the region’s maximum load. Coordinated pipeline network upgrade : Optimize the oil and gas pipeline network; by the end of the “15th Five-Year Plan” period, natural gas pipeline mileage is expected to exceed 8,000 km , while the green hydrogen storage and transportation network will be improved in parallel. II. Rare Earth Industry: Extending, Supplementing, and Strengthening the Industry Chain, with a Focus on High-End Materials Such as Hydrogen Storage The Outline made clear to accelerate extending, supplementing, and strengthening the industry chain for the light rare earth industry , with a focus on developing: high-performance magnetic materials, high-performance polishing materials, hydrogen storage materials , catalytic materials and additives, rare earth steel, and other high-end rare earth new materials and end-use applications industries. Leveraging its advantages in rare earth resources, it will provide critical material support for industries such as hydrogen energy and new energy, and build a nationally leading base for rare earth new materials. III. Scientific and Technological Innovation: Focusing on Advantageous Fields Such as Green Hydrogen-Ammonia-Methanol The Outline proposed to implement a number of major science and technology tasks , focusing on fields including: new energy, rare earth new materials, carbon-based new materials, semiconductor new materials, green hydrogen-ammonia-methanol , biopharmaceuticals, biological breeding, and grassland and dairy industries, among others. It will deliver more landmark original achievements, providing technological support for the green hydrogen, green ammonia, and green methanol industries. IV. Significance of the Plan: Anchoring National Strategy and Leading the Energy Transition This plan closely integrates hydrogen energy, energy storage, rare earths, and green hydrogen-ammonia-methanol. It is not only a key measure to implement the country’s “dual carbon” goals, but also a core lever for Inner Mongolia to leverage its two major strengths in wind and solar power resources and rare earth resources and build a nationally important base for energy and strategic resources. As a number of wind and solar power-based hydrogen production projects, such as the Huadian Darhan Muminggan Banner project, advance, Inner Mongolia is accelerating its transformation from a major energy region into a leading green hydrogen region and an energy storage hub .

The Government Work Report stated that over the past year, China’s development moved toward the new and the better, demonstrating vigorous vitality. New quality productive forces developed steadily, with abundant achievements in scientific and technological innovation; the R&D and application of artificial intelligence, biomedicine, robotics, quantum technology, and other fields were at the global forefront. New breakthroughs were made in independent chip R&D; Tianwen-2 embarked on its “star-chasing” journey; the large-scale application of BeiDou was comprehensively expanded; construction began on the hydropower project in the lower reaches of the Yarlung Zangbo River; the first domestically built electromagnetic catapult aircraft carrier, the Fujian, was officially commissioned; and domestically developed large models led the global open-source ecosystem. The industrial structure continued to be optimized: the value added of high-tech manufacturing and equipment manufacturing grew by 9.4 and 9.2, respectively; the production of industrial robots and integrated circuits increased by 28 and 10.9, respectively; annual NEV production exceeded 16 million units; and EV charging facilities surpassed 20 million. Energy consumption per unit of GDP fell by 5.1, and ecological and environmental quality continued to improve.

The Information Office of the Inner Mongolia Autonomous Region Government held the first press conference in a series themed "Implementing the '1571' Work Plan to Promote High-Quality Development in Inner Mongolia." In 2026, Inner Mongolia will emphasize adapting measures to local conditions, promoting the deep integration of industrial innovation and scientific and technological innovation. In terms of innovation-driven development, the region will focus on five key tasks: increasing investment in science and technology, tackling major challenges, building innovation platforms, strengthening innovation entities, and integrating the development of education, science and technology, and talent.

Officials from Sichuan Liwu Copper Industry Co., Ltd. visited Sichuan Gold Group for discussions and signed a strategic cooperation agreement. According to the agreement, the two sides will engage in in-depth cooperation in key areas such as mineral resource acquisition, exploration and development, mining technical services, scientific and technological innovation, and talent exchange. By integrating their respective advantages in capital, technology, management, and resources, they aim to achieve a powerful synergy between "gold" and "copper," jointly enhance the comprehensive development efficiency of regional mineral resources, and work together to set a new benchmark for win-win cooperation among state-owned mining enterprises in Sichuan.

SMM Nickel February 10 News: Macro and Market News: (1) On the morning of the 9th, General Secretary Xi Jinping visited the National Information Innovation Park in Beijing Yizhuang to learn about the application innovation of information technology and Beijing's accelerated construction of an international science and technology innovation center, inspected representative scientific and technological innovation achievements, and cordially exchanged with representatives of scientific researchers and heads of technology enterprises. (2) In terms of further supporting the innovative development of high-quality listed companies, the Shanghai, Shenzhen, and Beijing Stock Exchanges clarified that for high-quality listed companies with standardized operation, governance, and information disclosure, representativeness, and market recognition, the refinancing review process will be optimized to further improve refinancing efficiency. Spot Market: On February 10, the SMM #1 refined nickel price range was 133,400-144,500 yuan/mt, with an average price of 138,950 yuan/mt, down 500 yuan/mt from the previous trading day. The mainstream spot premium quotation range for Jinchuan #1 refined nickel was 9,500-10,200 yuan/mt, with an average premium of 9,850 yuan/mt, up 350 yuan/mt from the previous trading day. The spot premium/discount quotation range for mainstream domestic brands of electrodeposited nickel was -400-400 yuan/mt. Futures Market: The most-traded SHFE nickel contract (2603) fluctuated and trended lower during the session, closing the morning session at 133,300 yuan/mt, down 0.21%. As the Chinese New Year holiday approaches, market trading tends to be sluggish, with futures prices mainly fluctuating, while spot prices are weak due to stagnant actual demand. After the holiday, attention should be paid to the actual implementation of Indonesia's nickel ore quota policy.

On January 29, 2026, Lyu Zexiang, Overseas Operations Director of China Energy Engineering Corporation (CEEC), held talks with Nabil R. Al-Khowaiter, Senior Vice President of Saudi Aramco, in Beijing. The two sides engaged in in-depth discussions and reached consensus on deepening exchanges in scientific and technological innovation, as well as expanding cooperation in the fields of new energy, seawater desalination, new-type energy storage, and integrated green hydrogen, ammonia, and methanol. This meeting not only represents a practical measure for China-Saudi Arabia energy cooperation but also aligns with the strategic deployment of the Political Bureau of the CPC Central Committee to "make forward-looking arrangements for future industries such as hydrogen energy." Lyu Zexiang welcomed Nabil R. Al-Khowaiter and his delegation, introducing CEEC's advantages across the entire industry chain in the energy and power sector and its performance in the Middle East market. He stated that the two sides share highly aligned concepts regarding green transformation cooperation. He expressed hope to establish a regular communication mechanism, strengthen technology and information sharing, and jointly expand cooperation in areas such as new energy, cogeneration, seawater desalination, and green hydrogen, ammonia, and methanol, thereby contributing to global energy transition. Nabil R. Al-Khowaiter appreciated CEEC's comprehensive strength and international performance, noting that Saudi Aramco is advancing the diversification of its energy structure and will focus on investing in new energy and other related projects in the future. He stated that CEEC is a trustworthy partner and looked forward to both sides leveraging their respective advantages, innovating cooperation models, deepening multi-field collaboration, and jointly promoting global green and low-carbon development. The Political Bureau of the CPC Central Committee had previously identified hydrogen energy and related fields as new economic growth points for the "15th Five-Year Plan" period, providing direction for international energy cooperation. The current focus on cooperation in areas such as green hydrogen, ammonia, and methanol not only represents a concrete practice in response to the national layout for future industries but will also inject momentum into deepening China-Saudi Arabia energy cooperation and advancing the global energy transition. Participants in the talks included Jamal A. Al-Azizi, Director of Procurement and Supply Chain Management at Saudi Aramco Asia Company; Xin Zongyi, Vice President of CEEC International Group; and relevant officials from both sides.

The National Financial Regulatory Administration and the Shanghai Municipal People's Government have issued the Action Plan for Supporting the Construction of Shanghai as an International Financial Center. The plan proposes to promote the concentration of financial institutions and enhance the quality and strength of financial services. It encourages further concentration of banking and insurance institutions in Shanghai, urges the head offices of commercial banks to increase their support for the construction of Shanghai as an international financial center through the establishment of specialized institutions and the delegation of authority to their branches in Shanghai, supports foreign financial institutions in playing a greater role in the construction of Shanghai as an international financial center, promotes the priority landing of key opening-up projects in Shanghai, supports the establishment of more international financial organizations, international financial industry associations, and new-type multilateral financial organizations in Shanghai, optimizes and enhances the service functions of financial institutions in Shanghai, and guides financial institutions in Shanghai to strengthen collaborative cooperation. National Financial Regulatory Administration and Shanghai Municipal People's Government Issue Action Plan for Supporting the Construction of Shanghai as an International Financial Center To thoroughly implement the decisions and arrangements of the Party Central Committee and the State Council on accelerating the construction of Shanghai as an international financial center, further enhance the competitiveness and influence of Shanghai as an international financial center, and promote high-quality economic development through high-level financial opening-up, the National Financial Regulatory Administration, in conjunction with the Shanghai Municipal People's Government, has jointly issued the Action Plan for Supporting the Construction of Shanghai as an International Financial Center (hereinafter referred to as the "Action Plan"). The Action Plan mainly consists of five aspects: First, promote the concentration of financial institutions and enhance the quality and strength of financial services. Encourage further concentration of banking and insurance institutions in Shanghai, urge the head offices of commercial banks to increase their support for the construction of Shanghai as an international financial center through the establishment of specialized institutions and the delegation of authority to their branches in Shanghai, support foreign financial institutions in playing a greater role in the construction of Shanghai as an international financial center, promote the priority landing of key opening-up projects in Shanghai, support the establishment of more international financial organizations, international financial industry associations, and new-type multilateral financial organizations in Shanghai, optimize and enhance the service functions of financial institutions in Shanghai, and guide financial institutions in Shanghai to strengthen collaborative cooperation. Second, focus on the "five major tasks" to improve the quality and efficiency of financial services for the real economy. Enhance the quality and efficiency of technology finance work, support Shanghai in actively exploring financial service models suitable for technology enterprises under the premise of legal compliance and effective control of substantive risks, and provide better financial services for technological innovation. Encourage financial institutions in Shanghai to prudently and orderly carry out carbon finance-related businesses, support Shanghai in participating in the competition for international carbon finance pricing power, and build Shanghai into an international green finance hub. Vigorously develop inclusive finance, pension finance, and digital finance. Third, expand institutional opening-up and enhance the internationalization level of Shanghai's financial industry. We will persist in benchmarking against high-standard international economic and trade rules to explore institutional financial opening-up, and explore the development of non-resident loan businesses, such as cross-border syndicated loans based on international best practices, in the Shanghai Pilot Free Trade Zone. We will continue to optimize cross-border financial services, enhance the international operations of financial institutions, vigorously promote the construction of the Shanghai International Reinsurance Center and the development of shipping insurance, research and explore offshore financial innovation, and encourage institutions to actively participate in the construction of financial markets. Fourth, we will improve regulatory standards and coordinate financial development with security. We will encourage financial institutions in Shanghai to enhance their proactive risk management capabilities and promote prudent operations. We will adhere to the principle of inclusive and prudent supervision, support the organization and implementation of financial innovation pilot projects focusing on key areas such as serving the real economy and opening-up to the outside world, and explore the implementation of a due diligence exemption mechanism for financial innovation pilot projects. We will strengthen the collaboration between central and local governments to jointly build a safety net, promote the establishment and improvement of the working mechanism for financial risk prevention and disposal in Shanghai, and safeguard the bottom line of financial security under open conditions. Fifth, we will improve supporting policies and enhance the level of professional financial services. We will strengthen the deep integration of Party building with business operations. We will deepen the construction of the financial legal system, strengthen the legal safeguards for the construction of Shanghai as an international financial center, vigorously support the Shanghai Financial Regulatory Bureau in establishing a sound Shanghai Financial Consumer Protection Center, and further improve the business environment for finance in Shanghai. We will enhance the technological level of financial supervision and support the establishment of a data sub-center of the National Financial Regulatory Administration in Shanghai when conditions permit. We will support Shanghai in building a new-type asset management service platform and promoting the high-quality transformation and upgrading of asset management businesses towards risk-driven and data-driven models. We will support Shanghai in attracting and cultivating high-level financial talents. Going forward, the National Financial Regulatory Administration and the Shanghai Municipal People's Government will continue to promote the implementation of the Action Plan, improve policy support, comprehensively enhance the capabilities of Shanghai as an international financial center, better contribute to the construction of a strong financial country, and make greater contributions to advancing the construction of Chinese modernization. Q&A with Officials from the National Financial Regulatory Administration and Relevant Departments of the Shanghai Municipal People's Government on the Action Plan for Supporting the Construction of Shanghai as an International Financial Center To thoroughly implement the decisions and arrangements of the CPC Central Committee and the State Council on accelerating the construction of Shanghai as an international financial center, further enhance the competitiveness and influence of Shanghai as an international financial center, and promote high-quality economic development through high-level financial opening-up, the National Financial Regulatory Administration, in conjunction with the Shanghai Municipal People's Government, jointly issued the Action Plan for Supporting the Construction of Shanghai as an International Financial Center (hereinafter referred to as the "Action Plan"). Officials from the National Financial Regulatory Administration and relevant departments of the Shanghai Municipal People's Government answered questions from reporters regarding the Action Plan. 1. What is the background for the issuance of the Action Plan? The CPC Central Committee and the State Council attach great importance to the construction of Shanghai as an international financial center. The 2023 Central Financial Work Conference proposed to "enhance the competitiveness and influence of Shanghai as an international financial center." The Decision of the CPC Central Committee on Further Comprehensively Deepening Reforms to Advance Chinese Modernization, adopted at the Third Plenary Session of the 20th CPC Central Committee, proposed to "accelerate the construction of Shanghai as an international financial center." On April 29, 2025, a symposium was held in Shanghai for central financial institutions based in Shanghai to support the construction of Shanghai as an international financial center. He Lifeng, a member of the Political Bureau of the CPC Central Committee and Director of the Central Financial Commission Office, attended the symposium and delivered a speech, emphasizing the need to earnestly study, deeply understand, and thoroughly implement the important instructions and directives of Xi Jinping on accelerating the construction of Shanghai as an international financial center, fully implement the Opinions on Supporting the Accelerated Construction of Shanghai as an International Financial Center recently issued by the Central Financial Commission, strengthen the coordinated and synergistic development of Shanghai's "five centers," and comprehensively enhance the capabilities of Shanghai as an international financial center. To further thoroughly implement the decisions and deployments of the CPC Central Committee and the State Council, support the accelerated construction of Shanghai as an international financial center, better contribute to the construction of a financial powerhouse, and make greater contributions to advancing Chinese modernization, the National Financial Regulatory Administration, in conjunction with the Shanghai Municipal People's Government, jointly issued this plan. 2. What are the main contents of the Action Plan? The Action Plan is divided into six parts. The first part outlines the overall requirements, which are to be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the centralized and unified leadership of the CPC Central Committee over financial work, adhere to the goal of serving high-quality economic development, adhere to steadily expanding institutional opening-up, and coordinate financial development and security. Parts two through six propose a total of 27 specific measures in the following five aspects: First, promote the clustering of financial institutions to optimize and strengthen financial service functions. Encourage further clustering of banking and insurance institutions in Shanghai, encourage the head offices of commercial banks to increase their support for the construction of Shanghai as an international financial center through the establishment of specialized institutions or the delegation of authority to institutions in Shanghai, support foreign financial institutions in playing a greater role in the construction of Shanghai as an international financial center, prioritize the implementation of key opening-up projects in Shanghai, optimize and enhance the service functions of financial institutions in Shanghai, and guide financial institutions in Shanghai to strengthen collaborative cooperation. Second, implement the "five major tasks" to improve the quality and efficiency of financial services for the real economy. Enhance the quality and efficiency of financial services for science and technology. Encourage financial institutions in Shanghai to prudently and orderly carry out carbon finance-related businesses and build Shanghai into an international green finance hub. Vigorously develop inclusive finance, pension finance, and digital finance. Third, expand institutional opening-up to enhance the internationalization level of Shanghai's financial industry. We will persist in aligning with high-standard international economic and trade rules to explore institutional financial opening-up. We will continue to optimize cross-border financial services, enhance the international operations of financial institutions, vigorously promote the construction of the Shanghai International Reinsurance Center and the development of shipping insurance, research and explore offshore financial innovation, and encourage institutions to actively participate in the construction of financial markets. Fourth, we will improve regulatory standards and coordinate financial development with security. We will encourage financial institutions in Shanghai to enhance their proactive risk management capabilities and promote prudent operations. We will adhere to an inclusive and prudent regulatory philosophy, supporting the implementation of financial innovation pilot programs in key areas such as serving the real economy and opening-up to the outside world, and exploring the implementation of a due diligence exemption mechanism for financial innovation pilot programs. We will strengthen central-local coordination to jointly build a safety net, promoting the establishment and improvement of a working mechanism for financial risk prevention and disposal in Shanghai, and safeguarding the bottom line of financial security under opening-up conditions. Fifth, we will improve supporting policies and enhance the level of professional financial services. We will strengthen the deep integration of Party building with business operations. We will deepen the construction of the financial legal system, vigorously support the Shanghai Financial Regulatory Bureau in establishing a sound Shanghai Financial Consumer Protection Center, and further improve the business environment for finance in Shanghai. We will enhance the technological level of financial supervision and support the establishment of a data sub-center of the National Financial Regulatory Administration in Shanghai when conditions permit. We will support Shanghai in building a new-type asset management service platform. We will support Shanghai in attracting and cultivating high-level financial talents. 3. How will the Action Plan better leverage Shanghai's role as a pilot zone for financial reform? First, we will establish and improve a working mechanism for the supervision of financial innovation, supporting the Shanghai Financial Regulatory Bureau in organizing and implementing financial innovation pilot programs in key areas such as serving the real economy and opening-up to the outside world through regulatory interaction mechanisms, under the premise of limiting business scope, setting quotas, restricting institutions, and establishing risk circuit breakers. Second, we will align with high-standard international economic and trade rules, expand institutional financial opening-up, and explore the development of non-resident loan businesses, such as cross-border syndicated loans based on international good practices, in the Shanghai Pilot Free Trade Zone. Third, we will deepen the coordinated construction of Shanghai as an international financial center and an international center for scientific and technological innovation, supporting Shanghai in actively exploring financial service models suited to the characteristics of technology enterprises under the premise of compliance with laws and regulations and effective control of substantive risks. Fourth, we will support Shanghai in building an international green finance hub, encouraging financial institutions in Shanghai to support the construction of the carbon emissions trading market, prudently and orderly carrying out carbon finance-related businesses, and supporting Shanghai in participating in the competition for international carbon finance pricing power.

On June 10, Wenergy Group held the unveiling ceremony of the Joint Laboratory for Fusion and Hydrogen-Ammonia Energy Engineering Applications, as well as the signing ceremony for the strategic cooperation agreement between Wenergy Co., Ltd. and Fusion New Energy Co., Ltd., at the Wenergy Intelligent Management and Control Center. Han Jun, Deputy Director of the Standing Committee of the Provincial People's Congress and President of the Provincial Association for Science and Technology, Wang Hong, Secretary of the Party Committee and Director of the Provincial State-owned Assets Supervision and Administration Commission, Wu Jinsong, Secretary of the Party Committee of the Provincial Department of Science and Technology, and Zeng Xiaoming, Member of the Party Leadership Group and Deputy Director of the Provincial Energy Administration, attended the ceremony. Li Jiangang, Academician of the Chinese Academy of Engineering and Chief Scientist of the Energy Research Institute of the Hefei Comprehensive National Science Center, and Li Ming, Deputy Secretary of the Party Committee and General Manager of the Group, delivered speeches respectively. Relevant heads of departments from the Provincial Development and Reform Commission, Provincial Department of Science and Technology, and Provincial Energy Administration, members of the Group's leadership team, and relevant leaders from the Energy Research Institute of the Hefei Comprehensive National Science Center and Fusion New Energy Co., Ltd., participated in the ceremony. Lu Hao, Member of the Party Committee and Deputy General Manager of the Group, presided over the ceremony. In his speech, Li Jiangang stated that the Energy Research Institute and the Provincial Energy Group had already achieved a series of technological achievements in ammonia-blended combustion in coal-fired power units in the early stages. Both parties have a solid foundation for cooperation. In the future, they will focus on strategic issues related to energy security, conduct innovative research on new energy sources such as hydrogen energy, ammonia energy, nuclear energy, and fusion energy, build a high-level team of scientific and technological innovation talents, integrate the strengths of the capital market, carry out demonstration projects according to local conditions, accelerate the incubation and cultivation of the fusion energy and hydrogen-ammonia energy industries, and support the green transformation and high-quality development of energy in Anhui province. In his speech, Li Ming pointed out that over the past few years, the Provincial Energy Group and the Energy Research Institute have shared common goals and worked closely together, enjoying smooth communication and fruitful cooperation, and thus have a solid foundation for industry-research collaboration. As a major shareholder in the early stages, the Group participated in the investment and establishment of Fusion New Energy Co., Ltd. This time, in cooperation with the Energy Research Institute, the Group has established the "Joint Laboratory for Fusion and Hydrogen-Ammonia Energy Engineering Applications" and signed a strategic cooperation agreement between its subsidiary Wenergy Co., Ltd. and Fusion New Energy Co., Ltd. The aim is to leverage their respective strengths to jointly promote technological R&D, engineering verification, and commercial applications in the fields of controllable nuclear fusion, fusion energy power plants, and comprehensive utilisation of hydrogen-ammonia energy. The Group will fully allocate resources and provide institutional guarantees to promote in-depth integration among all parties in terms of technological breakthroughs, talent cultivation, and industrial incubation, creating a model for industry-university-research collaboration. Under the witness of the attending leaders, Li Jiangang, Academician of the Chinese Academy of Engineering and Chief Scientist of the Energy Research Institute of the Hefei Comprehensive National Science Center, and Li Ming, Deputy Secretary of the Party Committee and General Manager of the Group, unveiled the Joint Laboratory. Fang Shiqing, Secretary of the Party Committee and General Manager of Wenergy Co., Ltd., and Huang Suzhen, General Manager of Fusion New Energy Co., Ltd., signed the strategic cooperation agreement on behalf of both parties. At the meeting, Researcher Guangnan Luo, Director of the Hydrogen and Ammonia Center at the Energy Research Institute of the Hefei Comprehensive National Science Center, delivered a special report and interpretation on the development plan of the joint laboratory.

On June 10, Energy Investment Group, Coal Industry Group, and the People's Government of Honghe Prefecture signed the "Strategic Cooperation Framework Agreement". Meanwhile, Coal Industry Group and the People's Government of Kaiyuan City signed the "Investment Cooperation Agreement for the Relocation, Transformation, and Upgrading of Jiehua Chemical, and the Construction of a 500,000 mt Synthetic Ammonia and Downstream Projects". Practical cooperation will be carried out in areas such as deepening the construction of the Jiehua Chemical relocation, transformation, and upgrading projects, the establishment of a new-type energy system, and the construction of port platforms. This strategic cooperation and project investment and construction represent an innovative practice to further deepen government-enterprise cooperation and promote the transformation of resource advantages into economic advantages. According to the agreements, all parties will establish cooperation mechanisms, including high-level coordination and promotion, dynamic management of issue lists, regular scheduling of work implementation, and feedback on task progress. They will deepen cooperation in leveraging resource advantages, optimizing resource allocation, empowering scientific and technological innovation with digital technologies, and deepening industrial integration. Based on the overall layout of green energy development and energy security for industrial transformation and upgrading, they will collaborate to advance the construction of key projects such as hydropower, thermal power, wind and solar power, and the relocation, transformation, and upgrading of Jiehua Chemical. They will accelerate the creation of a first-class green energy base, promote the clean and efficient utilization of energy, jointly explore development paths in emerging industries such as hydrogen energy and energy storage systems (ESS), and advance the in-depth integration and development of green energy and green advanced manufacturing industries, injecting strong momentum into Honghe Prefecture's efforts to promote innovative development of the park economy, open and upgrade the port economy, and achieve high-quality development of emerging industries. Luo Ping, Deputy Secretary of the Honghe Prefecture Party Committee and Governor; Xu Gaohong, Deputy Governor; Xie Lingyun, Deputy Secretary of the Kaiyuan Municipal Party Committee and Mayor; Yang Yunheng, Deputy Mayor; and relevant department heads from Honghe Prefecture and Kaiyuan City participated in the event. Also in attendance were Hu Jun, Secretary of the Party Committee and Chairman of Energy Investment Group and Coal Industry Group; Xie Yihua, President and Vice Chairman of Energy Investment Group; Gao Jiansong, Deputy Secretary of the Party Committee, Vice Chairman, and General Manager of Coal Industry Group; relevant leaders from Energy Investment Group and Coal Industry Group; and heads of headquarters departments and affiliated enterprises.

On June 10, Shanghai Municipality and Sarawak State, Malaysia, marked a significant milestone in their energy cooperation, advancing on two fronts simultaneously. On the same day, Shanghai Mayor Gong Zheng met with a delegation led by Deputy Prime Minister of Sarawak State, Malaysia, Sim Kui Hian, and the two sides exchanged views on deepening economic, trade, and investment cooperation, as well as new energy development. During the delegation's visit to Shanghai, Dato Ibrahim Bakki, Deputy Minister of Public Utilities and Communications of Sarawak State and Chairman of Sarawak Energy Berhad, led a Sarawak delegation to visit Shanghai Electric and held in-depth discussions with Wu Lei, Secretary of the Party Committee and Chairman of Shanghai Electric Group, on further deepening cooperation. Meanwhile, Shanghai Electric signed cooperation agreements with the Sarawak State Government and China Three Gorges International Energy Investment Co., Ltd., marking a new phase in green energy collaboration between China and Malaysia under the framework of the Belt and Road Initiative. Dato Ibrahim Bakki first conveyed greetings from Sarawak Premier Tan Sri Datuk Patinggi Abang Johari Tun Openg to Wu Lei and expressed gratitude to Shanghai Electric for its contributions to promoting Sarawak's energy transition in recent years. He stated that with abundant renewable resources and a strategic geographical location, the Sarawak State Government of Malaysia is currently investing heavily in green energy sources such as solar, hydrogen, natural gas, and hydropower, aiming to transform Sarawak into a clean energy hub for Southeast Asia and even Asia through sustainable future industries. The Sarawak State Government of Malaysia regards Shanghai Electric as a trusted Chinese enterprise and looks forward to strengthening further cooperation with Shanghai Electric in areas such as hydrogen energy, hydropower, PV, ESS, and gas turbines to support Sarawak's green energy transition. Wu Lei welcomed the visit of Dato Ibrahim Bakki and his delegation and briefly introduced Shanghai Electric's business operations. He stated that Sarawak is an important base for Shanghai Electric to expand its market in Malaysia and Southeast Asia. Through years of connectivity-building efforts, Shanghai Electric has achieved remarkable cooperation results with the Sarawak State Government of Malaysia and Sarawak Energy Berhad. At this critical stage of the synergistic advancement of the Belt and Road Initiative and the ASEAN Energy Community, Shanghai Electric is willing to actively implement the "Joint Statement on Building a High-Level Strategic China-Malaysia Community with a Shared Future" and take this visit by the Sarawak delegation to Shanghai as an opportunity to strengthen cooperation with all parties in Sarawak across various fields through its advantages in equipment manufacturing and scientific and technological innovation R&D, jointly writing a new chapter in Southeast Asia's energy transition. Earlier on the 10th, Zhu Zhaokai, Deputy Secretary of the Party Committee and President of Shanghai Electric Group, was invited to attend the opening ceremony of the 18th International Solar PV and Smart Energy (Shanghai) Conference & Exhibition and witnessed the signing of a "Memorandum of Understanding on Cooperation for the Sarawak 1000 MW Bakun Reservoir Floating PV Project" among the Sarawak Ministry of Public Utilities and Communications, China Three Gorges International Energy Investment Co., Ltd., and Shanghai Electric Power Transmission and Distribution Group Co., Ltd. According to the agreement, the three parties will leverage Sarawak's unique conditions for floating PV development to promote the installation of over 1 gigawatt (GW) of floating PV capacity in the Bakun reservoir area, ensuring that Sarawak achieves its established target of a total installed capacity of 10,000 megawatts (MW) by 2030, and jointly assisting Sarawak in becoming a new energy power generation hub in Southeast Asia. The heads of relevant industrial sectors from the Sarawak Ministry of Utilities and Telecommunications, Sarawak Energy Berhad, and Shanghai Electric attended the above-mentioned event.