China likely to push asset owners to embrace ESG
Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.
The Chinese government is likely to require that its local asset owners introduce environmental social and governance (ESG) concepts in their investing processes in its coming five-year plan for the nation, in a move that could foster huge advances in the ESG investment market over the coming few years.
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