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China central bank issues green finance assessment plan for financial institutions


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BEIJING (Reuters) - China s central bank on Wednesday issued a green finance assessment plan for financial institutions and said the results from such assessments will be included in its policy and prudent management tools.
The plan, with quantitative targets such as the proportion of green finance business to overall business and year-on-year growth of such business, will take effect from July, the People s Bank of China said in a statement.
(Reporting by Stella Qiu and Ryan Woo; Editing by Andrew Heavens) ....

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Semiconductor Manufacturing International : China's Huawei to be excluded from influential JPMorgan bond indices


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LONDON (Reuters) - U.S. bank JPMorgan said it will exclude Huawei s dollar bonds from some its most influential investment indices from the end of next month, following the latest ratcheting up of U.S. sanctions on Chinese technology firms.
U.S. President Joe Biden s administration issued a new executive order https://www.federalregister.gov/documents/2021/06/07/2021-12019/addressing-the-threat-from-securities-investments-that-finance-certain-companies-of-the-peoples last week banning U.S. entities from buying or selling the publicly-traded securities of 59 Chinese companies with alleged ties to defense or surveillance.
Huawei USD-denominated bonds will be excluded from J.P. Morgan fixed income indices (including the CEMBI and JACI families) since the issuing entities for these securities (Proven Glory Capital Ltd. and Proven Honour Capital Ltd.) are explicitly named and in scope of the Amended Order, JPMorgan said in a note to index ....

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