Huatai Securities, Shell China join hands on low-carbon tech cooperation

A staff member demonstrates an environmental-friendly power generation facility at the Low-carbon Energy and Environmental Protection Special Exhibition Area of the 4th China International Import Expo (CIIE) in east China's Shanghai, Nov. 5, 2021. (Xinhua/Zhang Yuwei)

Huatai Securities Co., Ltd. (601688.SH; 06886.HK) on Monday inked deal with Shell China on energy transformation and low-carbon technology cooperation.

The two sides have inked a memorandum of strategic cooperation for pooling resources and complementary advantages, according to a report by China Securities Journal.

Huatai Securities and Shell China will cooperate on building zero-carbon ecosystems and advance financial empowerment, scientific and technological empowerment as well as industrial empowerment to contribute to carbon neutrality and green development, says the report.