China ESG News (April)

Selected China ESG News (April)

National Power Generation Capacity Increase:

China's National Energy Administration Reports a 14.5% Year-on-Year Increase in Power Generation Capacity

The National Energy Administration of China has released its latest statistics, indicating a substantial surge in the nation's power generation capacity. As of the end of March, the cumulative installed capacity of national power generation has reached approximately 2.99 billion kilowatts, representing a notable 14.5% increase compared to the previous year. Of particular significance are the remarkable expansions in solar and wind power capacities, which have surged by 55.0% and 21.5% respectively. These figures underscore China's ongoing commitment to bolstering its renewable energy infrastructure.

（News resources: Sina Finance）

Sustainable Development Reporting Guidelines for Listed Companies:

Beijing Stock Exchange Releases Groundbreaking Sustainable Development Reporting Guidelines

The Beijing Stock Exchange has taken a decisive step towards enhancing corporate transparency and accountability with the issuance of its latest guidelines on sustainable development reporting. Scheduled for implementation from May 1, 2024, these guidelines, titled 'Beijing Stock Exchange Listed Company Continuous Supervision Guidelines No. 11 - Sustainable Development Reporting (Trial)', aim to encourage listed companies to voluntarily disclose their sustainable development initiatives. By focusing on environmental, social responsibility, and governance aspects, these guidelines set a precedent for fostering greater ESG disclosure and integration among listed entities.

（News resources: Sina Finance）

Guidance for Green and Low-carbon Development in the Capital Market:

Chinese Authorities Unveil Guidance to Promote Green and Low-Carbon Development in Capital Markets

In a concerted effort to advance environmentally sustainable finance, the People’s Bank of China, in conjunction with seven other key departments, has released comprehensive guidance aimed at bolstering support for green and low-carbon development in the capital market.

The newly unveiled 'Guiding Opinions on Further Strengthening Financial Support for Green and Low-Carbon Development' outlines a multifaceted approach to facilitate funding for eligible enterprises engaged in green and low-carbon projects. By advocating for measures such as domestic and overseas IPO financing, refinancing, as well as the issuance of green bonds and asset-backed securities, these initiatives underscore China's proactive stance towards fostering a greener financial ecosystem.

（News resources: China securities journal)

Article classification: ESG News