Sustainable Investment in China | News to Know
Publication Date
April 2012
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Guizhentang Faces Opposition Over IPO Due to Bear Bile Extraction (March 12, 2012, People's Daily)
Lawmakers, journalists, nonprofits, and the public have criticized Guizhengtang Pharmaceutical Company's IPO plans amid animal welfare concerns. Activists have contacted investors to explain how the product may not be used legally in many products, thus affecting the company's financial viability.
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New Green Credit Guidelines Launched by CBRC (February 25, 2012, People's Daily)
The China Banking Regulatory Commission (CBRC), the top banking regulator, issued the guidelines to reduce lending to industries with high-energy consumption, high levels of pollution or excessive capacity, and to increase lending projects that are environmentally friendly.
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State Council issues new targets and 'stringent measures' in new water management decree (March 13, 2012, China Water Risk)
In a new water management decree, the government has introduced a system of penalties for water misuse. Hu Siyi, vice minister of China’s Ministry of Water Resources, issued a “stark warning,” stating that water usage in China had “already surpassed what our natural resources can bear.”
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China Takes on Labor Disputes With New Regulations (January 16, 2012, BSR)
With ongoing and increasing labor disputes between workers and enterprises in China, the Chinese government has released new regulations on consultation and mediation for labor disputes in business. The aim of the new regulations is preventative—to address labor disputes while they are still small and manageable, and resolve them before they become a full-fledged strike or protest.
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