Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), disclosed over the weekend that the central bank plans to guide long-term investment funds, including pension funds, insurance and social security products, to invest in the ESG markets. (File pic: (PBOC) Peoples Bank China building)
BEIJING: China’s central bank officials said they will accord priority to environmental, social and governance (ESG)-themed investments henceforth and see the national carbon trading mechanism as key to implementing the country’s green and low-carbon development strategy, thus encouraging injection of long-term social funds into the huge market.
Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), disclosed over the weekend that the central bank plans to guide long-term investment funds, including pension funds, insurance and social security products, to invest in the ESG markets.
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