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Chinese investors jump on the global ESG bandwagon to rebuild economies with lessons learnt during COVID-19 pandemic
Chinese Vice Premier Han Zheng presides over a meeting of China National Committee for Biodiversity Conservation, Feb 13, 2019. [Photo/Xinhua]
Chinese internet giants and unicorns (young unlisted companies with a market value of over billion) have also become more influential globally. The report said China grabbed five spots at the ranking of world's top 10 internet listed companies in market value as of June 30. Alibaba and Tencent closely followed Google, Amazon and Facebook.
Chinese local governments issued debt worth 378.89 billion yuan (.26 billion) last week, a record high weekly issuance amount for the country, according to data from financial information servicer Wind Info.
Chinese investors are betting big on a golden decade for unicorns as a boom is foreseen on the back of revised regulations that encourage financing through equity, according to market players.
