Xi's ESG Boom Funnels Billions Into Coal, Liquor, Defense Stocks.

As of the end of March, ESG funds domiciled in Europe held about $130 billion in Chinese assets -- more than twice the size of China's own domestic ESG fund industry. Keywords: 002415@CH; 1088@HK; 300750@CH; 600309@CH; 600519@CH; 601012@CH; COP; CS@FP; SHEL@LN; ALLTOP; ALTNRG; ASIA; ASIATOP; BASIC; BON; BUSINESS; CHINA; CLIMATE; CMD; COS; FERROSTL; GENTOP; GOV; INDUSTRIES; MARKETS; METMNG; NRG; TOP; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 002415@CH 1088@HK 300750@CH 600309@CH 600519@CH 601012@CH COP CS@FP SHEL@LN ALLTOP ALTNRG ASIA ASIATOP BASIC BON BUSINESS CHINA CLIMATE CMD COS FERROSTL GENTOP GOV INDUSTRIES MARKETS METMNG NRG TOP WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Assets in China's ESG funds have doubled since 2021, lifted by Beijing's growing emphasis on poverty alleviation, renewable power and energy security RHT3PRDWRGG2 (Bloomberg) -- In a 40-minute livestream in June, fund manager Hou Chunyan made her pitch directly to China's growing population of retail investors: ESG investing is uniquely compatible with Beijing's growing push for carbon neutrality and "common prosperity.". [Extracted from the article]