Yaozhi to host China-UK Green Investment Seminar
2016-04-26Li Keqiang established the China-UK strategic partnership on green finance at the UK-China Economic and Financial Dialogue (EFD) in London in 2014. Xi Jinping has given key support to the "Golden Era" between China and the UK, which began in 2015. Taking this opportunity, Yaozhi Fund, as an emerging force in China's asset management industry and a member of the United Nations domestic and foreign policy and market, conducted a comprehensive and in-depth discussion on the topic of "green investment".
The first International Conference on Green Investment
On April 25, the UK-China Green Investment Seminar hosted by Yao Zhi Fund was held at the Ritz-Carlton Lujiazui, Shanghai. This is the first international conference on green investment in China, marking Yaozhi as a pioneer in exploring the value of green investment in China. This seminar is supported by the UK Investment Authority.
Senior officials from the British Consulate in Shanghai, leaders from the Bond Department of the Shanghai Stock Exchange and many Chinese and British industry experts attended and spoke at the conference. Wang Xiaojian, chairman of Yaozhi Fund, delivered the opening speech for the seminar.
At the meeting, leaders of the Shanghai Stock Exchange first introduced the issuing situation and financing advantages of China's green bonds. Green corporate bonds meet the real needs of China's industrial restructuring and are highly supported by national policies. They have the financing advantage of "more, faster and better province" and are a financial asset field with broad prospects. The Head of Asset Management and Capital Markets, UK Trade & Investment, shared the UK's experience in green investment and expressed his willingness to cooperate across the border with the Chinese government and financial institutions to promote green investment. Afterwards, Chen Yaqin, director of environmental Finance Market Development Department of Industrial Bank, discussed the issue of green bonds in China based on practical experience.
David Li, investment manager of Impax Asset Management Company, and Wang Yingfeng, investment director of Shanghai Yaozhi Fund, further analyzed the investment value and strategy of green bonds from the perspective of investment. Wang Yingfeng believes that, compared with direct fiscal policy support, using financial instruments to guide the flow of funds is more effective.
The Shanghai Stock Exchange released a public announcement on the listing of green bonds last month, which means that green bonds can be pledged on the Shanghai Stock Exchange, which is conducive to increasing the liquidity of green bonds and increasing the weight for green bonds to become an investment target.
Wang Yingfeng added that promoting the development of green bonds will not only help the adjustment of China's industrial structure, help green enterprises get financing more easily in the early stage of development, but also bring opportunities for domestic investors. In terms of the issuance and trading of green bonds listed overseas by Agricultural Bank of China, the enthusiasm for participation in the primary market was high, the subscription multiple reached 4.44 times, and the transaction price increased steadily after listing, which fully demonstrated the enthusiasm for participation and investment potential of green bonds in the market. To see the situation of international green market, our country vigorously developing green bonds this year is a good opportunity for domestic investors. The green bond has a generally higher rating, then lower credit risk, to increase the liquidity and attraction for green bonds.Officials from UK Investments and partners from Pricewaterhousecoopers also introduced the UK sustainable infrastructure investment project and the UK Industrial Fund (EIS) project respectively. It provides innovative policy and investment ideas for Chinese government and investors.