Sustainable Investment in China | News to Know
Publication Date
May 2011
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Haijiu’s IPO at Risk Due to Pollution Investigation (May 9, China Green News)
Haijiu battery company has been suspected of poisoning 31 people in April despite passing an environmental impact assessment last year. Haijiu had been preparing to list on the stock market but if it is found to be responsible for the pollution incident, the company may not be able to list for another 36 months, according to regulations from the China Securities Regulatory Commission.
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Parts of Yangtze River Closed to Shipping Due to Drought (May 12, The Telegraph)
Due to drought, a 140-mile stretch of the Yangtze river—whose basin is responsible for 40 percent of the country's economic growth—has been closed to ocean-going vessels because of the shallow water. Droughts are now not only impacting agriculture, industry, and drinking water, but also transportation and logistics.
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Twenty-two Companies On the 2010 China Green Companies List Omitted from 2011 List (May 19, China Dialogue)
Twenty-two of China’s best-known companies, including online marketplace Alibaba, internet portal Tencent, and car manufacturer BYD, are missing from this year’s list of the country’s most environmentally friendly businesses—the China Green Companies Top 100—after being eliminated due to problems with corporate reputation, greenwashing, and poor market performance.
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Chinese Mining Companies Criticized for Irresponsible Practices in Philippines (May 21, Philippine Daily Inquirer)
A report by Pacific Strategies and Assessments has found evidence of unaccountability, misconduct, and corruption in many Chinese mining deals in the Philippines. It alleges that the entry of Chinese firms exposes the Philippines to irresponsible mining practices that do not deliver correct compensation for environmental damage and value of minerals extracted from devastated mining areas.
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