The Chinese insurance giant says China’s first ESG reporting standard for the insurance industry will push for better sustainability practices, especially for small and medium-sized companies.
Interest to invest in China’s decarbonisation is aplenty — but foreign asset owners are waiting for the country to drop its Covid Zero policies first, before assessing these opportunities.
Although more guidelines are in place, Chinese asset owners are awaiting clearer regulation on the “how” - including disclosure standards - of the country’s net zero transition.