Financial Services Talking Points | 03/07/2018

In Today’s Talking Points: China eases foreign ownership curbs as trade war looms, Asiamoney China green finance awards 2018

China eases foreign ownership curbs as trade war looms

China is eager to attract new capital flows and foreign investment from international businesses ahead of the impending trade war with the US. The “negative list” which imposes bans on various industries is set to be reduced, particularly certain financial services by 2021 and vehicle manufacturing by 2022. The demand to lessen the negative list was set out by Trump in early May, following the threat to increase tariffs.

Read more: Financial Times

Asiamoney China green finance awards 2018

The award winners of the 2018 Asiamoney awards for green finance in China have been announced, with Industrial Bank of China presented as the green bank of the year. Industrial Bank of China was the first financial institution to adopt the risk-management framework, the Equator Principles, to determine, assess and manage environmental and social risks in projects. So far the bank has lent out RMB 1.5 trillion through bonds and commercial loans. Other winners include the Bank of China as best green Chinese bank in overseas markets and Ernst & Young as the best green finance verification agency. There were 12 awards given in total.

Read more: Asiamoney