The Shanghai Stock Exchange (SSE) and the Shanghai Environment and Energy Exchange (SEEEX) jointly held the Green Investment Seminar and the Memorandum of Understanding (MOU) Signing Ceremony on January 24, 2019. Over 100 representatives from fund companies and listed companies took part in the activity.
Li Jun, Deputy Director of Shanghai Local Finance Supervision and Management Bureau, was present and delivered a speech. He highly acknowledged the cooperation between the SSE and the SEEEX and believed that their cooperation will offer a good opportunity for the construction of the Shanghai green finance system, and it will be of great significance to the green finance development in China. He was looking forward to the innovation and practice of the two sides in green finance and the enriching of the connotation of green finance through their cooperation in green investment. In addition, he hoped that all market participants will strengthen their recognition on environmental risks, pay attention to the sustainable development of the environment and contribute to the construction of the green finance system.
The SSE Vice President Que Bo reviewed the series of activities the SSE has carried out in green finance and said that the cooperation between the SSE and the SEEEX is of great significance to promote the development of green finance. On the one hand, their cooperation will guide market institutions and investors to engage in green investment and help to popularize the concept of green investment; on the other hand, they can cooperate to develop the green investment index and green finance products, thus providing investors with diversified asset allocation instruments and supporting the development of the green finance market. Besides, their cooperation will facilitate the construction of Shanghai international financial center and enhance China’s influence in the international capital market.
The SEEEX Chairman Lin Hui introduced its progress in carbon market construction and green finance and said that their cooperation will guide the professional and standard development of green investment and develop diversified green investment products meeting the market demand. The SEEEX will make the most of its profession and resources in green and low-carbon fields to maintain a close cooperation with the SSE, with an aim of consolidating the bases for green finance and increasing green development’s proportion in the investment decision of the capital market. He believed that their cooperation will enrich the green finance system of Shanghai and China and contribute to the development of the Chinese green finance undertaking.
Afterwards, the SSE Vice President Que Bo and the SEEEX President Lai Xiaoming signed the MOU on behalf of the two sides. After the signing ceremony, Liu Wei, Deputy Director of the SSE Global Business Development Department, introduced the “Green Finance Development Plan of Shanghai Stock Exchange” and Dr. Li Jin, General Manager Assistant of the SEEEX, made a systematic illustration on the “Carbon Market and Innovation in Green Investment”. The Asset Management Association of China, Hwabao WP Fund, and Deutsche Borse Group made a keynote speech on the “ESG Investment Practice in China”, the “Green Investment Index’s Application in Fund Investment Strategy” and the “International Exploration of Sustainable Development Index”, respectively.
Upon the signing of this MOU, the SSE and the SEEEX will take advantage of their resources to intensify domestic and overseas cooperation in green finance and jointly promote the research and development of green securities index and securities investment fund products; they will improve standards related to green finance in the capital market and facilitate the establishment of the standard, method and capacity for the carbon emission information disclosure of listed companies; they will research the derivatives based on the right of carbon emission and dumping to provide marketized instrument for investors to manage relevant investment risks; and they will make clear the standard and scope of green enterprises and encourage them to finance through the capital market.