China needs to untangle its rules for ESG reporting

Companies and government are willing to disclose more and better information

Richard Sheng

June 29, 2020 11:22 JST

Shanghai's financial district, pictured on June 5: China has to take ownership of how ESG standards are implemented in its capital markets. © VCG/Getty Images

Richard Sheng is Secretary of the board of directors of financial services conglomerate Ping An Group.

Environmental, social and governance principles are on their way to becoming global investors' dominant framework for deploying capital, but ESG can only rise so far if China, home of the world's second-largest equity and fixed income markets, does not embrace it.