China ESG - Weekly News: The Shanghai and Shenzhen Stock Exchanges are formulating ESG guidelines




The Shanghai and Shenzhen Stock Exchanges are formulating ESG guidelines for stricter disclosure



From multiple independent sources that the Shanghai Stock Exchange and Shenzhen Stock Exchange are preparing a document on the further disclosure of ESG information by listed companies.


"The Shanghai and Shenzhen Stock Exchanges are jointly developing an ESG disclosure framework. This disclosure framework includes which information must be compulsorily disclosed and which information is recommended for companies to disclose. The framework will have some requirements for the timing of disclosure and a template." A fund manager who has studied ESG for a long time said.


Source: Wind


The China Banking and Insurance Regulatory Commission is to formulate ESG investment guidelines for insurance funds


On September 18, the China Banking and Insurance News learned from the China Banking and Insurance Regulatory Commission that at present, the China Banking and Insurance Regulatory Commission is stepping up efforts to study and formulate ESG investment guidelines for insurance funds.


It is planned to clarify relevant principles in product design, investment process, risk identification, due diligence management, information disclosure, self-discipline management, etc., refine relevant requirements, and provide guidance for insurance funds to establish ESG investment concepts and better promote ESG investment.


Source: IAMAC


The bond "Southbound Link" finally opened


Four years after the bond "Northbound Link" opened, the industry's long-awaited "Southbound Link" finally arrived. On September 15, the People's Bank of China announced that the bond "Southbound Link" will be launched on September 24.


According to the announcement of the People's Bank of China, the annual total quota of "Southbound Link" is 500 billion yuan equivalent, and the daily quota is 20 billion yuan equivalent. The upper limit of the net outflow of "Southbound" cross-border funds shall not exceed the above-mentioned annual total quota and daily quota. The People's Bank of China will adjust the annual total quota and daily quota of the "Southbound Link" based on the cross-border capital flow situation.


Source: I&M



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