China advisor gives SRI the thumbs upDecember 2001
A senior policy advisor to the Chinese government has come out in favour of socially responsible investment (SRI).
Anthony Neoh, who is chief advisor to the China Securities Regulatory Commission, told a conference in Hong Kong: ‘I do believe this is an important subject and that it should be part of the policy agenda’.
In the keynote speech to last month’s inaugural conference of the Association for Sustainable and Responsible Investment in Asia, Neoh added: ‘In the next 25 years, I am sure there will be a growing number of retirees and savers [in China] who will be demanding SRI.
‘Investment managers will have to look at the sustainable characteristics of companies, and companies will have to supply those characteristics.’
The conference attracted over 125 delegates from investing institutions, companies and non-governmental organizations.
Asria has been formed to promote SRI in the region and is headed by Tessa Tennant, who helped found the UK’s first ‘green’ unit trust – the Merlin Ecology Fund, in 1988.
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