久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Eco-friendly investment all the rage ahead of CO2 reduction time frames

By ZHOU LANXU | China Daily | Updated: 2021-04-13 10:30
Share
Share - WeChat
The file photo shows a wind power plant in Zhangjiakou, North China's Hebei province. [Photo/Xinhua]

China Southern Power Grid Energy Efficiency & Clean Energy Co Ltd, an energy-saving services provider that went public on the Shenzhen exchange in January, surged to 15.13 yuan ($2.31) per share in early trading on March 24 from its issue price of 1.4 yuan.

Albeit retreating of late, its share price was still as high as 13.29 yuan as of Monday's close, nearly ten times its Jan 19 issue price.

The entire decarbonization sector has also soared of late.

An index tracking 69 carbon neutral-related A shares jumped by 20.74 percent to 1048.82 by the end of March, while the CSI 300 index fell 5.4 percent to 5048.36, according to market tracker Wind Info.

Despite the dizzying nature of the surge, such a strong bourse performance points to a long-term trend of A-share shareholders loading up on green stocks amid a global rise in environment-themed spending, experts said.

Since China made a commitment in September to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, eco-friendly investment has picked up steam in the country, they said. Detailed policies in this area announced at the two sessions in March, the country's most important policymaking platform, further stoked investor interest.

The Government Work Report delivered at the annual meeting of China's top legislative body vowed that the country will take a slew of measures to reduce carbon emissions this year, including accelerating the establishment of national markets for trading energy-use rights and carbon-emissions rights, and introducing special policies to encourage financial support for green and low-carbon development.

"We definitely see a lot of focus on renewable energy," said Thomas Fang, head of China global markets with investment bank UBS.

The electric vehicle supply chain has a lot more room to grow as the penetration rate in China is only 4 percent at present, said Fang, adding that demand for alternative energies such as solar, wind, nuclear or hydrogen is growing to shake the dominance of fossil fuels.

Wang Xiaoshu, head of the Asia-Pacific team of ESG Research at MSCI Inc, a major global financial indexes and analytics provider, said ESG investing-taking environmental, social and governance criteria as key standards to screen potential investments-is rapidly gaining traction in China amid regulatory pushes and capital market internationalization.

"It took nearly a decade for ESG investing in Europe and the United States to go from a niche concept to a mainstream practice. Our expectation for the Chinese and Asia-Pacific markets is that, though they took up the concept later, the mainstreaming of ESG investing may be completed at a faster pace within only three to five years," Wang said.

Some local fund managers have taken the initiative to align their practices with global ESG standards to attract foreign stakes, with some top fund managers in China having built up competent ESG investment and research ability, Wang added.

A CFA Institute report said that most major mutual funds in China have built separate or specific ESG research analysts or teams, while a survey conducted last year indicated that 98 percent of polled retail investors in the country have an interest in ESG investing.

Investment instruments to meet the growing appetite for environmental-themed investment are on the rise in China. Guotai Asset Management Co Ltd, for instance, launched an exchange traded fund that tracks an index made up by 50 A shares in the environmental protection sector in March.

A-share companies are becoming more open about their environmental efforts. According to data collected by asset management giant BlackRock, while ESG reporting is not mandatory in the mainland market, up to 85 percent of the CSI 300 companies have voluntarily issued ESG reports in 2020, compared to 54 percent in 2013.

Nevertheless, environmental-friendly investing is still in an early stage in the A-share market and awaits the establishment of more infrastructure to thrive, especially a common set of ESG disclosure standards for different companies that will lead to mandatory ESG reporting.

While the China Securities Regulatory Commission, the country's top bourse regulator, released revised guidance on A-share firms' investor relations management in February that added ESG information into the scope of communication with investors, experts expect the commission may require mandatory ESG reporting by A-share firms by 2022.

Jay Wang, China director of risk proposition performance at Refinitiv, a global provider of financial market data and infrastructure, said the expectation that China may make ESG disclosure mandatory by the end of 2022 "has some grounds", given that different market stakeholders are trying to formulate a set of ESG disclosure standards that is both suitable for Chinese firms and acceptable to global investors.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲精品国产男人的天堂 | 国产精品日本一区二区在线播放 | 2021国产精品一区二区在线 | 日本a级三级三级三级久久 日本a级特黄三级三级三级 | 一区二区三区在线视频观看 | swag国产精品一区二区 | 亚洲成人国产 | 国产高清精品自在久久 | 成人伊人青草久久综合网 | a毛片免费全部在线播放毛 a毛片免费视频 | 久久香蕉国产线看观看亚洲片 | 国产久草在线 | 在线一区视频 | 男人和女人的做刺激性视频 | 亚洲欧美一区二区三区在线观看 | 中文毛片| 国产成人午夜福在线观看 | 日本a级片免费观看 | 久久久久久亚洲精品影院 | 日韩精品a在线视频 | 亚洲精品免费视频 | 欧美一级在线播放 | 日本三级免费网站 | 一区二区三区视频免费 | 国产深夜福利视频在线播放 | 亚洲精品高清久久 | 欧美激情久久久久久久久 | 欧美成人精品在线 | 欧美三级成版人版在线观看 | 欧美在线一级毛片视频 | 久久精品视频免费观看 | 久久精品视频6 | 国产亚洲精品高清在线 | 成人免费观看高清在线毛片 | 美女一级毛片免费看看 | 日韩免费在线 | 国产日产久久高清欧美一区 | 午夜免费福利网站 | 日本欧美一区二区三区高清 | 91九色首页 | 欧美黑寡妇特a级做爰 |