Though the market for ESG and responsible investment is still in the early stages of development with limited scale, this highly promising sector is picking up pace. Thanks to the promotion of environmental, social and governance (ESG) and the rise of responsible investment, companies with strong ESG performance are increasingly attractive investment vehicles for foreign investors to reap stable and sustainable returns. Concurrently, as China presses ahead with its financial opening, a myriad of regulations and rules on inbound and outbound investment have been introduced. With the comprehensive registration system reform in full swing, the stock market in China has continued to expand to foreign investors in recent years. The vast proportion of financial assets within the portfolios of Chinese households and a growth in demand for diversified asset allocation present great potential to investors. The growing demand for wealth management among Chinese households is ushering in unprecedented possibilities for development. According to National Bureau of Statistics of China, GDP expanded 8.1% in 2021. With the COVID-19 pandemic in 2020 dealing unprecedented blows to the global economy, China is the only major economy to have maintained positive economic growth in 2020. Since the beginning of reforms to open up its economy to foreign investors in 1978, China has experienced remarkable economic development, emerging as the world’s second largest economy.
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