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On January 22nd, CICC issued a report stating that Skyworth Group (00751.HK) announced the day before that it plans to distribute all of its Skyworth Solar shares to all shareholders. Skyworth Solar will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. This process does not involve a public offering of new shares, and a share buyback will be conducted to achieve privatization. CICC maintained its 2025 and 2026 earnings forecasts largely unchanged, and introduced a 2027 earnings forecast of RMB 918 million for the first time. Considering the companys proposed spin-off listing, the intrinsic value of its new energy business is expected to be fully reflected. CICC raised its target price by 100% to HKD 8, corresponding to a P/E ratio of 17x and 15x for 2026 and 2027 respectively. The rating is "Outperform".LG Energy Solutions shares rose 5.8% as Teslas stock price surged, driving a rebound in South Korean battery stocks.Samsung SDI shares rose 16% to 376,000 won.January 22nd - The 2026 National Tobacco Work Conference was held in Beijing from January 18th to 19th. Regarding the work for 2026, Li Lecheng emphasized the need to prioritize the stable operation of the tobacco economy, placing it as a priority, promoting cost reduction and efficiency improvement across the entire industry chain, and accelerating the cultivation of new economic growth points; to focus on developing new quality productivity, actively integrating into the national innovation system and the layout of international science and technology innovation centers, and promoting the deep integration of technological and industrial innovation; and to focus on building a strong and high-quality modern tobacco industry system, accelerating the optimization and upgrading of the industrial structure. He also stressed the importance of strengthening market supervision, cracking down on tobacco-related illegal activities across the entire chain, and improving the regulatory effectiveness of e-cigarettes and various new tobacco-related products.On January 22, Zhijie Auto announced that its Zhijie R7 pure electric Ultra version achieved the lowest drag coefficient among mass-produced SUVs in the industry, with a measured drag coefficient of 0.217Cd at 120km/h and 23℃ in a professional wind tunnel test conducted by the China Automotive Technology and Research Center.

The Russian Ministry of Finance Has Completed A Bill To Regulate Cryptocurrency Mining

Cory Russell

Apr 18, 2022 10:54

The draft legislation of the crypto bill "On Digital Currency" by the Ministry of Finance (MoF) emphasizes mining and trading laws.


Operators of exchanges and digital trading platforms will be licensed and regulated by a Russian government entity.


The new rule comes as a result of a rising desire for mining among Russian ministers.


Russia's new crypto regulatory law, according to information supplied by Russian news source Kommersant, would be rigorous in its approach.


The most current version of the draft legislation covers the new trading and mining laws for cryptocurrencies (Bitcoin, Ethereum, Litecoin, and others) introduced under the bill "On Digital Currency."

Russia Creates New Crypto Bill

The bill's additional standards for exchange and digital trading platform providers were one of the bill's centerpieces. According to Kommersant, these operators will now work as a team.


The exchange operators will be the ones to buy and sell cryptocurrencies on their own behalf and at their own cost, while the operators of digital trading platforms will be in charge of the organized bidding.


Additionally, these operators will be required to establish a distinct structural unit, produce yearly reports, meet the needs of new management bodies, perform internal control and auditing, and more.


They will also need to be classified as an AML/CFT organization, and their operations will be regulated and licensed by a Russian government authority.


Finally, for the first time, the measure will concentrate on the crypto mining process and companies. After registering with the appropriate authorities, legal companies, and individual miners, the law specified that crypto mining might be done.


These operations will be taxed individually, and data centers will be made available for mining if the owner is a Russian legal company.

Mining is in high demand

While the Russian government was planning to take cryptocurrency in January, things started to pick up pace once the Russian-Ukraine conflict erupted. Not only was the demand for cryptocurrencies increasing, but so was the need for mining.


Russia's Deputy Energy Minister, Evgeny Grabchak, stressed that the legal void around crypto mining must be filled as quickly as possible, with a clear set of laws and regulations in place.


To make the process more efficient, he advised decentralizing it by choosing mining locations on a more regional level rather than at the federal level.


With these rules about to take effect in the near future, it seems that the transition from calling for a mining ban to accepting controls is more of a necessity than a natural shift of attitude.

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