EDM1 – Issue 379

Power play: Shenhua merges with Guodian, creating an energy giant, but is it a victory for state capitalism over SOE reform?

Also: Ping An plays up its tech credentials; why is the yuan soaring against the dollar; and foreign carmakers in race to meet quotas for locally-made electric vehicles or else see their China business stagnate

Plus: GoGoVan delivers Hong Kong’s first unicorn; Kim Jong-un upstages China’s BRICS summit; why Victoria’s Secret supermodel Gigi Hadid may get booed at the lingerie giant’s Shanghai show later this year