The "2019 China Responsible Investment Forum-ESG Investment and High Quality Development" sponsored by China Securities Investment Fund Industry Association and sponsored by Tianhong Fund successfully concluded in Tianjin on November 13. The meeting was chaired by Xiong Jun, member of China Pension Investment Fund Association Professional Pension Committee and deputy general manager of Tianhong Fund. Hu Jiafu, Deputy Secretary of the Party Committee and Vice Chairman of the China Securities Investment Fund Industry Association, delivered a keynote speech entitled "Exploring the Road to ESG Investment in Accordance with the Characteristics of the Chinese Market". Zhang Chenghui, former director of the Financial Research Institute of the Development Research Center of the State Council, delivered a keynote speech entitled "ESG Evaluation Logic and Development Quality of Listed Companies". Wang Zhongmin, former deputy chairman of the National Social Security Fund Council, Chen Chao, deputy director of the Research Institute of China Investment Corporation, and Zhang Chaohui, deputy investigator of the Law and Regulation Coordination Office of the Legal Department of the China Securities Regulatory Commission, gave speeches. Industry experts from public equity funds, private equity funds, bank asset management, and foreign private equity held in-depth discussions and sharing on ESG responsible investment practices.
In his opening speech, Xiong Jun stated that for a long time, the goal of investment management has always been to provide returns while controlling risks, and the utility function of investment only includes expected returns and risks. This method is effective, but may not fully capture what is satisfying investors. Whether investment objectives and environmental, social, corporate governance and other objectives can mutually promote one another largely depends on the evaluation methods and standards of responsible investment. Focusing on the environment, social responsibility and corporate governance in investment is the general trend of the development of the capital market. The Research Report on the ESG Evaluation System of Chinese Listed Companies and the Report on the Quality Evaluation of ESG Information Disclosure of Chinese Listed Companies issued by the China Securities Investment Fund Industry Association are of great significance for exploring the path of ESG in the Chinese market.
Content from China Securities Investment Fund Industry Association