Green Securities Policy, 2008.

China Current 2008

The Ministry of Environmental Protection (MEP), in partnership with the China Securities Regulatory Commission (CSRC), launched the ‘Green Securities’ policy, which requires companies listed on the stock exchange to disclose more information about their environmental record. The policy was enhanced in 2008 by the issuance of the ‘Green IPO’ which requires enterprises in energy-intensive industries (Liang Gao industries) to undergo an environmental assessment by the MEP before initiating an IPO or obtaining refinancing from banks.

Scope

Environmental

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All companies listed on the Shanghai SE

Issuer type

Environment

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners