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China Green Pledge Helps Boost Renewable-Energy Linked ETFs: FT

US ban on goods made in Xinjiang over forced labour concerns has hit imports of solar panels hard, which analysts say are on track to fall by nearly 25% in 2022.
Many shipments of solar panels and items like computer chips from Malaysia and Vietnam with parts suspected of being made in Xinjiang have been held up at US ports under rules aimed at fighting slave labour in western China. Next Era Energy image.

(AF) China’s pledge to shift towards a green future has been reflected in the performance of renewable-energy focused ETFs, which have beaten other themed strategies in the country this year, the Financial Times reported.

Among them E Fund Management’s E Fund CSI New Energy ETF gained 45.5% and China Asset Management’s ChinaAMC CSI New Energy ETF pulled in 44.6%, the report stated. China has pledged to be carbon free by 2060. Full story: Financial Times


Also on AF: China’s renewables lead the world by far, but it’s still not enough

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.


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