China ESG - Weekly news update: OneConnect and Singapore Exchange collaborate on ESG reporting







OneConnect Financial Technology and Singapore Exchange collaborate to address the region's ESG reporting


OneConnect Financial Technology Co., Ltd. (OneConnect) the leading technology-as-a-service platform provider and an associate of Ping An Insurance (Group) Company of China, Ltd. ("Ping An"), today said it had entered a Memorandum of Understanding (MOU) with Singapore Exchange (SGX) to collaborate and build an environmental, social and governance (ESG) platform to facilitate and simplify the ESG disclosure processes of companies listed on SGX.

This collaboration is part of efforts to develop and promote a sustainable ecosystem by raising the quality of ESG disclosures and promoting the application and integration of ESG factors across capital market stakeholders in the long term. The collaboration places OneConnect as the ESG trailblazer of the Asia Pacific region, deploying a suite of tech solutions that establishes a framework and streamlines ESG reporting through specified standard indicators and templates.


Source: PR Wire


China’s private capital funds must invest to meet investors’ increasing demands for transparency


A new report, entitled The future private capital CFO: Evolving in a digital age and created in partnership with Global Custodian, shows that CFOs at private capital funds in China expect their limited partners (LPs), many of which include sovereign wealth funds and state pension funds, to require data updates with increasing frequency over the next decade. In China, eight out of 10 (80 per cent) respondents expect their investors to be looking for access to live or daily updates on portfolio performance and 71 per cent on operational service level agreements (SLAs). More than half (58 per cent) of the CFOs in China (57 per cent globally) expect a need for daily or live updates on cybersecurity and 40 per cent (51 per cent globally) on environmental, social and corporate governance (ESG).


Source: Private Equity Wire



CSRC issued a draft of the Guidelines for the management of investor Relations by Listed Companies


On February 5, 2021, the China Securities Regulatory Commission revised the "Guidelines for the Relations between Listed Companies and Investors" (2005) and issued the "Guidelines for the Management of Investor Relations by Listed Companies (Draft for Comment)."

Regarding “further increasing and enriching the content and methods of investor relations management”, the revised note specifically emphasizes the requirements for implementing the new development concept, in accordance with the requirements of the newly revised "Guidelines for Corporate Governance of Listed Companies" (CSRC Announcement [2018] No. 29), Add the company's environmental protection, social responsibility and corporate governance (ESG) information to the communication content. This is the first time that the China Securities Regulatory Commission has included ESG information in its investor relations management guidelines.



Source: China Security Times



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