Reuters exclusively revealed China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market. The new rules, which could be in place in the first half of 2023, will mark a major change in a rapidly growing corner of the funds industry in China, where asset managers currently have the leeway to determine the scope of green investments on their own.
The post Reuters reveals China to unveil new rules to rein in fund ‘greenwashing’ appeared first on Reuters News Agency.
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