The Asset Management Association of China (supervised by China Securities Regulatory Commission) has issued its first Green Investment Guidelines last week. This is systematic and voluntary standard for the Chinese Asset Management industry to implement the ESG issues into investment processes and scaling up the green investments in China.
This guidelines gives basic principles and standards for green investment activities like investment methods, investing strategies, regulations, benchmarks and evaluation. It also urges fund managers to prioritize investing in green projects.
This guidelines also ask fund managers to conduct self-assessment on an annual basis and submit the results to the Association at the end of March each year.