Reuters reveals China to unveil new guidelines to rein in fund ‘greenwashing’

Reuters solely revealed China plans to tighten guidelines to control environmentally pleasant, or so-called inexperienced funds, as a part of its efforts to rein in ‘greenwashing’ on the earth’s second-largest local weather fund market. The brand new guidelines, which could possibly be in place within the first half of 2023, will mark a serious change in a quickly rising nook of the funds trade in China, the place asset managers at the moment have the leeway to find out the scope of inexperienced investments on their very own.