China ESG - Weekly news update June 2020 / 05

Ping An Builds China-specific ESG Smart Rating System to Promote Responsible Investment in China

Ping An Insurance (Group) Company of China, Ltd. (HKEx:2318; SSE:601318) has developed a China-specific ESG Smart Rating System. As a responsible asset owner and technology provider, Ping An provides a suite of smart ESG investment tools with comprehensive, intelligent, and practical features that are China-specific. Ping An has established a 4-in-1 responsible investment system that incorporates four pillars of Value, Control, Tools, and Practice, placing greater emphasis on long-term sustainable development in its business philosophy.

Source: PR Newswire

FTSE Russell Completes Inclusion of China A-shares into Equities Indices

Global index provider FTSE Russell has finalized the first phase of its inclusion of China A-shares into its global equities benchmarks. The completion of the first phase means that China A-shares now comprises about 6% of the FTSE Emerging Index, including 1,051 large, mid and small-cap China A-shares. The index tracks about US$140 billion in investor assets. "FTSE Russell is the first international index provider covering different size segment of companies and we have received positive feedback from index users on our approach throughout the process," Says Jessie Pak from FTSE Russell, "We will continue to work with our customers and regulators to assess the timetable for future phases of A-share inclusion."

Source: Ignites Asia

Singapore Stock Exchange Promotes Secondary Listing to Attract Chinese Companies

The Singapore Exchange (SGX) has been ambitious about the China market in recent years, promoting the secondary listing to attract more Chinese companies. "There are currently 30 'secondary listings' on the SGX, with a market capitalization of nearly S$338 billion, coming from different regions such as Europe and Asia," Qing Chen also mentioned AMTD International as an example of a secondary listed company on SGX.


HK Chief: ETFs to be Added to China Stock Connect Next Year

Hong Kong’s chief executive, Carrie Lam, has announced to implement policies to incorporate Exchange-traded Funds (ETF) into the Shenzhen-Hong Kong Stock Connect in the coming year, potentially kickstarting the establishment of the much-anticipated cross-market ETF link with Mainland.

Source: Ignites Asia

EFAMA creates European Union Sustainable Finance Group, focused on ESG

A selection of leading global financial services firms, governing bodies, groups, and the WWF has announced the formation of a European-Union-wide Sustainable Finance Group, releasing a statement calling for greater stringency in ESG reporting and denomination. The group supports a sustainable recovery from COVID-19 by putting in place the right tools and incentives for stakeholders from both the public and private sectors.