The head of ESG at the leading Dutch pension fund notes that investing in Asia requires accommodating social or working practices that may differ from those in Europe. He also flagged a gap in information.
Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.
Private equity managers are increasingly receiving investor requests to incorporate environmental, social and governance factors in their strategies, say sources. This is creating challenges.
Proposals to improve corporate governance standards in the country should go further, says the new head of the Manila-based Institute of Corporate Directors.
Clarence Yang has moved from London to Hong Kong to boost the asset manager's regional focus on governance and socially responsible investment, reinforcing a trend in Asia.
The government is more concerned with the short-term expansion of its stock market in the face of competition from Shanghai, says the Asian Corporate Governance Association.