Sante Cableway receives a 10 million yuan fine, the original actual controller is banned from market participation for life | ESG trending list

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Santek Cableway (002159.SZ): Large-scale fund occupation, violations of information disclosure, company fined tens of millions, former actual controller banned from market for life

On March 29, Santek Cableway announced that the company, its former actual controller Ailuming, as well as Lu Sheng, Zhang Quan, Wang Lili, and Zhang Yunyun received the “Notice of Administrative Penalty Hearing” issued by the Hubei Regulatory Bureau of the China Securities Regulatory Commission. It was found that Santek Cableway failed to disclose related-party non-operating fund occupation in a timely manner, and that its 2019 and 2020 annual reports contained major omissions. The Hubei Regulatory Bureau of the CSRC plans to decide: issue a warning to Santek Cableway and impose a fine of 10.5 million yuan; issue warnings and fines to the relevant responsible persons; fine Ailuming 11 million yuan and impose a lifetime securities market ban.

ST Bailing (002424.SZ): Years of false annual reports, fined 10 million yuan by Guizhou CSRC

On March 27, ST Bailing announced that the company and relevant parties received the “Decision on Administrative Penalty” issued by Guizhou CSRC. It was found that Guizhou Bailing’s 2019, 2020, 2021, and 2023 annual reports contained false records. Guizhou CSRC decided: order Guizhou Bailing Pharmaceutical Group Co., Ltd. to correct the violations, issue a warning, and impose a fine of 10 million yuan.

A must-see for A-shares! 56 cases from the Shanghai Stock Exchange set an example for ESG information disclosure

As the disclosure season for A-share financial reports and ESG reports arrives, this year marks the first test year for ESG strong disclosure in A-shares. Under the regulations of the stock exchanges, companies listed on the SSE 180, STAR Market 50, SZSE 100, ChiNext Index, and those listed both domestically and abroad must disclose their 2025 ESG reports by April 30, 2026.

How should listed companies conduct ESG disclosure to be standardized and effective? What does good ESG disclosure look like, and how can it be achieved? These questions now have clear reference standards.

On March 27, the Shanghai Stock Exchange compiled and released the “Representative Practice Cases of Sustainability Information Disclosure by Shanghai-listed Companies” (hereinafter referred to as “Case Collection”), which gathers 56 representative practice cases of listed companies with high ESG ratings from CSI ESG ratings, providing inspiring and practical references for preparing high-quality ESG reports.

Number surges! 325 A-shares disclose ESG reports this week

Compared to 18 and 91 stocks that disclosed ESG reports in the previous two weeks, this week (March 23 to March 30), the number skyrocketed to 325.

According to Wind data summarized by 21st Century Business Herald, among these 325 A-shares, well-known companies include: Industrial and Commercial Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank, and all three major oil companies, as well as all listed insurance companies, BYD, Great Wall Motors, and other automakers.

Moreover, although these 325 A-shares account for only 6% of all A-shares, they represent 25% of the market capitalization. Among them, 173 have Wind ESG ratings rated from A to AAA.

WGDO Chairman Wang Jinnan: Accelerate the formulation, mutual recognition, and application of international standards for green design

On March 29, the 2026 Zhongguancun Forum · World Green Design Forum opened at Zhongguancun International Innovation Center. Wang Jinnan, chairman of WGDO, pointed out in his opening speech that current global climate change, resource shortages, and ecological pressures are intertwined, making green design a fundamental and leading force to solve global environmental governance challenges, achieve the “dual carbon” goals, and cultivate new productive forces. He made four proposals on behalf of WGDO: first, accelerate the formulation, mutual recognition, and application of international standards for green design to build a unified global green design standard system; second, promote the green development of artificial intelligence, establishing standards for full lifecycle computing power, carbon efficiency, and ecological design; third, create a world green design capital and build models of green low-carbon cities; fourth, accelerate innovation and promotion of carbon capture, utilization, and storage (CCUS) technology, shifting CCUS from backend governance to front-end design.

Fund annual reports require detailed listing of “penalty” items

According to Jianguo News, recently, the 2025 fund annual reports have entered the disclosure period. Jianguo News learned that compared to previous years, this year’s fund companies are required to disclose in detail the investigations or penalties they received over the past year, including but not limited to administrative penalties, warning letters, etc. The annual reports will also detail the timing of investigations or penalties and the specific measures taken.

Rongcheng Group: Promoting the establishment of an international green transformation fund

On March 22, at the China Development High-Level Forum 2026, Rongcheng Group President Zhang Junting stated that a new green development strategy is bringing comprehensive development dividends to the world. In terms of circular economy, the company has built a low-carbon system of “green water - green electricity - green hydrogen,” using treated “middle water” and green electricity for water electrolysis to produce hydrogen, directly converting renewable energy, scrap steel resources, and others into green raw materials to achieve sustainable circular development.

The key to solving the cost and implementation difficulties of green low-carbon transformation lies in large-scale commercial application scenarios. Zhang Junting introduced that the company regards hydrogen energy as a new industry focus, applying it across multiple scenarios and empowering various fields, demonstrating that the hydrogen economy in China can achieve sustainable business value through system optimization and industrial chain collaboration.

Looking ahead, Zhang Junting hopes to promote the establishment of an international green transformation fund to support cross-border demonstration of hydrogen technology R&D and scenario applications, and to cooperate in establishing a globally recognized carbon footprint data platform, facilitating green trade and efficient alignment with global rules, jointly building a new green low-carbon value chain.

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