Chinanews.com, May 5 (Zhongxin Finance, Gong Hongyu) "China should actively disseminate China's experience in ESG investment and low-carbon transformation and development, continue to promote the convergence and mutual recognition of ESG and other sustainable development investment standards on the basis of the Common Taxonomy of Sustainable Finance jointly issued with the European Union, actively participate in relevant international exchanges and standard formulation, and enhance China's influence and recognition in the field of ESG investment." Mo Wangui, deputy director of the People's Bank of China Institute of Finance, said at the "China Third-Party Wealth Management Industry ESG Blue Book Conference" on the 27th.
The scene of the ESG Blue Book press conference in China's third-party wealth management industry. Photo by Gong Hongyu
On May 5, the "China Third-Party Wealth Management Industry ESG Blue Book Conference" hosted by Xinhuanet and co-organized by Xinhu Wealth was held in Beijing. With the theme of "Practicing Harmony and New Life", more than 26 representatives from research institutions, industry associations, non-profit organizations, well-known enterprises, media organizations, etc. gathered together to discuss the latest theoretical research results of ESG.
The report points out that with the in-depth development of ESG concepts from international to domestic, the practice of ESG development concepts has become an important consideration for evaluating corporate value and growth. Under the background of increasingly prominent global climate, environment and resource challenges, fulfilling more social responsibilities and achieving sustainable development have become the inherent requirements for enterprises in the new situation, and the ESG standard evaluation system is bound to become the yardstick for measuring corporate value in the future.
Lian Ping, chief economist and dean of the research institute of Zhixin Investment, said in interpreting the report that the practice of ESG concepts should follow the five principles of policy-oriented, customer-oriented, wealth for good, compliance consciousness and bottom-line thinking. Leading institutions in the industry should promote more third-party wealth management institutions to practice ESG concepts, so as to promote the high-quality development of the entire industry in the ESG field.
At the press conference, a number of experts also stressed that it is necessary to accelerate the formation of an ESG index system with Chinese characteristics that meets international requirements, form the discourse power of China's ESG standards, formulate a unified ESG information disclosure framework based on localized ESG standards, improve relevant ESG supporting measures, provide Chinese enterprises with more suitable ESG standard references, and strengthen China's ESG information and data governance.
Wu Xiaoqiu, former vice president of Chinese Minmin University and dean of China Capital Market Research Institute, pointed out in his keynote speech that studying the Chinese elements of the valuation system is intended to make incremental contributions, and there are two main points: first, we must deeply learn from the existing valuation theory system; Second, there must be a broad spirit of tolerance. To study the influence of Chinese elements on the valuation theory system, it is not to construct a unique theory to negate other theories, but to make incremental contributions to valuation theory, contributing to China's system, vision and the value of Chinese elements. (End)