On May 29, 2020 Reuters reported that “China Asset Management Co (ChinaAMC) has become the country’s first mutual fund house to launch an ESG-integrated global fund targeting China stocks, capitalsing on growing foreign interest toward environmental, social and governance (ESG) investing.
The Chinese fund giant has launched the fund in partnership with Dutch asset manager NN Investment Partners (NN IP), which offers advice on global ESG standards, ChinaAMC executive Shi Bei told Reuters on Friday.
‘Global investors, especially European investors, are highly demanding in terms of ESG standards. We hope to learn their best practices,’ said Shi, regional head of Global Capitals at ChinaAMC.
The fund launch comes as Beijing is accelerating opening up its capital market, amid a slowing economy and rising tension with Washington. Meanwhile, the coronavirus pandemic has thrown a spotlight on the issue of sustainable development.
But ChinaAMC has no immediate plans to launch ESG-integrated products in China, Shi said, citing immature ESG culture among local investors.”
You may read the article on the Reuters internet site.