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Chinese Steel Giant Baowu Initiates Max USD7.7 Billion Green Fund


Chinese Steel Giant Baowu Initiates Max USD7.7 Billion Green Fund
Chen Shanshan
Chinese Steel Giant Baowu Initiates Max USD7.7 Billion Green Fund
(Yicai Global) July 16 China’s biggest steel producer China Baowu Steel Group will join hands with three entities to set up a carbon neutrality fund with a maximum scale of CNY50 billion (USD7.7 billion) amid the country s ambitious plans to have net-zero carbon dioxide emissions by 2060.
Baowu penned an agreement with the National Green Development Fund, China Pacific Insurance Group, and CCB Financial Asset Investment to form the fund with an initial scale of CNY10 billion, Yicai Global learned. ....

Zhu Yonghong , Emmi Laine , China Baowu Steel Group , China Pacific Insurance Group , National Green Development Fund , Yicai Global , Asset Investment , எம்மி லைன் , சீனா பெஸிஃபிக் காப்பீடு குழு , தேசிய பச்சை வளர்ச்சி நிதி , சொத்து முதலீடு ,

Ageing China boosts private sector role as pensions time bomb ticks


Ageing China boosts private sector role as pensions time bomb ticks
Reuters
1 hr ago
BEIJING, May 20 (Reuters) - China is tweaking its $1.2 trillion pension system to increase private sector involvement as its population ages rapidly and underfunding looms, but experts say fundamental changes are needed to provide adequate safety nets.
The China Banking and Insurance Regulatory Commission (CBIRC), the country s top banking and insurance regulator, said at the weekend that it is expanding a pilot program of private pensions into two more regions - Chongqing and Zhejiang province.
And sources with direct knowledge of the matter told Reuters CBIRC is also considering endorsing a list of private pension funds and appointing a group of professional managers to run them under a new scheme. ....

Zhang Yan , United States , Dong Keyong , Zheng Bingwen , Xiao Yuanqi , Muralikumar Anantharaman , Cheng Leng , Lou Jiwei , People Insurance Company Of China , Chinese Academy Of Social Sciences , China Pacific Insurance Group , Tsinghua University , Insurance Regulatory Commission , China Banking , Chinese Academy , Social Sciences , Insurance Company , Pacific Insurance Group , Chairman Xiao Yuanqi , Boao Forum , Ryan Woo , Beijing Newsroom , ஜாங் யான் , ஒன்றுபட்டது மாநிலங்களில் , செங் லெங் , மக்கள் காப்பீடு நிறுவனம் ஆஃப் சீனா ,