[Votorantim and CPP Investments form a renewable energy group] Brazilian investment company Votorantim and the Canadian Pension Plan Investment Commission (CPPInvestments) will integrate their energy assets in Brazil. The two companies will create a comprehensive renewable energy company with an installed capacity of 3.3GW. As of June 30, the combined entity will achieve net income of 5.8 billion Brazilian reals (1.05 billion U.S. dollars). Its diversified energy portfolio will include 2.3GW of hydropower capacity and 1GW of wind power asset capacity, as well as 0.6GW of operating capacity. Editor/Xing Wentao

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• 2026.02.28 17:21
• [The situation in the Middle East is rapidly escalating]
• On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun

• 2026.02.28 17:19
• [Risk preparation for forward foreign exchange sales starting from March 2nd]
• The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun