CHINA / National

    'Green' fund promotes development
    By Iain Marlow (China Daily)
    Updated: 2006-07-21 05:55

    China's ongoing battle to achieve sustainable development entered a new realm this year as Bank of China ushered in the concept of investing in sustainable, long-term projects.

    In February, Bank of China International Investment Managers (BOCIIM), a joint venture with Merrill Lynch, launched its Sustainable Growth Equity Fund. It wasn't until a Bangkok investment conference in late May, though, that it received international attention as the first socially responsible investment (SRI) fund in China.

    But even as the international SRI community clinks glasses for their new Chinese counterparts, some experts remain hesitant. Environmentalists are concerned about vague terminology and a lack of incentives. Investment experts warn that the lack of transparency makes evaluating companies on their SRI criteria difficult, which makes the future hazy for this type of investment.

    SRI a term Bank of China investment managers don't even use refers to investments that use non-economic criteria, such as environmental or social policies, to select companies for a portfolio.

    "We have an evaluation system, which considers the track record of the management, the transparency of the company and their social responsibility," said Chen Jun, the assistant fund manager at BOCIIM.

    Fund managers in the West rely on external third-party evaluations to determine whether a company is suitable for an SRI fund. But Chen said BOCIIM talks with management themselves and sends in-house analysts to visit factories and companies.

    That makes environmentalists such as Jennifer Turner nervous. Turner, who heads the China Environment Forum at the Woodrow Wilson International Center for Scholars, said an SRI fund is a good way to get at polluting Chinese industries, but that without transparency, there is no incentive to be socially responsible, so the whole concept fails.

    "In essence, you have Bank of China, a government bank, judging Chinese factories that are government-owned," said Turner, of Washington, DC.

    Ideally, a mixed panel of researchers, citizens and non-governmental organizations are needed to ensure transparency.
    Page: 12

     
     

    亚洲中文字幕无码中文字在线 | 国产在线拍偷自揄拍无码| 精品人妻中文av一区二区三区| 无码人妻精品中文字幕| 久久丝袜精品中文字幕| 中文成人无码精品久久久不卡| 无码人妻少妇色欲AV一区二区| 最近最新中文字幕高清免费| 中文字幕久久久久人妻| 88国产精品无码一区二区三区| 亚洲AV无码专区电影在线观看| 国产亚洲美日韩AV中文字幕无码成人| 无码精品蜜桃一区二区三区WW| 日韩精品无码久久久久久| 中文字幕无码日韩专区免费| 欧美亚洲精品中文字幕乱码免费高清| 最近高清中文字幕无吗免费看| 18禁无遮拦无码国产在线播放| 亚洲av永久无码精品漫画| 国产亚洲大尺度无码无码专线| 少妇中文无码高清| 暖暖日本中文视频| 99re热这里只有精品视频中文字幕| 亚洲精品无码AV中文字幕电影网站| 久久精品国产亚洲AV无码偷窥 | 久久久久亚洲av无码专区| 国产色无码专区在线观看| 中文字幕亚洲精品无码| 亚洲一区日韩高清中文字幕亚洲| 亚洲日本中文字幕天堂网| 中文无码人妻有码人妻中文字幕| 最近中文字幕mv免费高清在线| 天堂在/线中文在线资源官网| а天堂中文在线官网| 日韩中文字幕一区| 最近最新中文字幕视频| 无码人妻精品中文字幕免费东京热 | 中文无码不卡的岛国片| 亚洲中久无码不卡永久在线观看| 日韩视频无码日韩视频又2021| 亚洲午夜AV无码专区在线播放|