China ESG - Weekly news update May 2020 / 01




FTSE Russell display its ESG rating data on WIND Financial terminal in China

FTSE Russell and Wind have reached a cooperation to display the FTSE Russell ESG rating data for the first time in Wind Financial Terminal, and jointly promote the development of ESG investment in China's capital market. Investors and asset management institutions concerned about the Chinese A-share market can more easily and intuitively obtain and use FTSE Russell ESG data through the Wind financial terminal.

If you require high quality China ESG data, please send your request to contact@chinaesg.org

Source from Wind



Hong Kong Regulators Launch Sustainable Finance Steering Group


Initiated by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), the newly established Green and Sustainable Finance Cross-Agency Steering Group aims to coordinate between different sectors to push the city into the forefront of sustainable finance. The launch follows mounting scrutiny over the global finance industry over its climate-damaging practices and calls for greater responsibility to take action on the greatest threat facing the planet today.

Aiming to coordinate the management of climate and environmental risks into the financial sector in Hong Kong, the new Steering Group will seek to examine policy and regulations into green and sustainable finance and facilitate policy direction to ensure a cohesive sustainable finance strategy. The overall aim of the group will be to guide Hong Kong’s position as a leading green and sustainable finance in the Asian market and globally.

from GreenQueen



Former GRI China head Yuan Yuan joins China-Britain Business Council

Yuan Yuan’s role involves helping British businesses get up to speed with the latest sustainability regulations and initiatives in China.

Yuan Yuan, the former China head of sustainability standards non-profit Global Reporting Initiative (GRI), has been appointed by the China-Britain Business Council (CBBC) as director of business environment programmes.

In her Beijing-based role, Yuan will provide a voice for British businesses in China and help them navigate China’s complex business and regulatory environment.

From EcoBusiness

US advisory firm William O'Neil & Co granted China PFM license


U.S. quantitative and momentum investment advisory specialist William O’Neil & Co is the latest foreign firm to win an onshore private fund management permit to operate in China.

The Los Angeles-headquartered investment advisor registered with the Asset Management Association of China as a private fund manager on April 24 via its Shanghai-based wholly owned subsidiary.

Steve Birch, CEO of William O’Neil & Co, was registered as the legal representative for the Shanghai private fund management entity at the same time.

Birch attended an industry event hosted by Shanghai-based Orient Securities last November, where he mentioned that his firm would explore and develop innovative quant investment approaches that specifically cater to China’s A-share market, by incorporating experience and databases the firm had built up in the U.S. market, according to a China Fund News report.

Including the registration of William O’Neil & Co, there have now been 26 foreign managers to have gained the qualification to operate in China’s onshore private fund space. Russell Investments and Hong Kong-headquartered fixed-income specialist Income Partners won their private fund licences earlier this year.


From IgnitesAsia

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