{"id":19153,"date":"2021-11-30T10:45:00","date_gmt":"2021-11-30T10:45:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/11\/30\/tf-international-and-chinabond-pricing-center-jointly-launch-the-first-esg-themed-chinese-offshore-usd-bond-index-to-effectively-drive-the-development-of-green-and-sustainable-financial-markets-and-fa\/"},"modified":"2021-11-30T10:45:00","modified_gmt":"2021-11-30T10:45:00","slug":"tf-international-and-chinabond-pricing-center-jointly-launch-the-first-esg-themed-chinese-offshore-usd-bond-index-to-effectively-drive-the-development-of-green-and-sustainable-financial-markets-and-fa","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/11\/30\/tf-international-and-chinabond-pricing-center-jointly-launch-the-first-esg-themed-chinese-offshore-usd-bond-index-to-effectively-drive-the-development-of-green-and-sustainable-financial-markets-and-fa\/","title":{"rendered":"TF International and ChinaBond Pricing Center Jointly Launch the First ESG-themed Chinese Offshore USD Bond Index to Effectively Drive the Development of Green and Sustainable Financial Markets and Facilitate the Financing of High-quality Enterprises"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>HONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media&#13;<br \/>\nOutReach<\/a>\u00a0&#8211; 30 November 2021 &#8211;\u00a0<a href=\"https:\/\/www.tfisec.com\/\">TF International Securities Group Limited<\/a> (&#8220;TF&#13;<br \/>\nInternational&#8221; or &#8220;the Company&#8221;), a wholly-owned subsidiary of Tianfeng&#13;<br \/>\nSecurities Co., Limited (Stock Code: 601162.SH), and ChinaBond Pricing Center Co., Ltd. (&#8220;ChinaBond Pricing Center&#8221;) today&#13;<br \/>\njointly launched the ChinaBond TFISEC ESG Selected Chinese Offshore USD Bond&#13;<br \/>\nIndex (&#8220;the Index&#8221;), the first ever environmental, social and governance (&#8220;ESG&#8221;)&#13;<br \/>\nthemed Chinese USD bond index compiled and launched within China. It aims at&#13;<br \/>\nfacilitating both onshore and offshore investments, as well as guiding onshore&#13;<br \/>\nand offshore funds to serve the green and sustainable sectors with the goals of&#13;<br \/>\nachieving Carbon Dioxide Emissions&#13;<br \/>\nPeak and Carbon Neutralization. In the long&#13;<br \/>\nrun, it is expected that more than RMB100 trillion of low-carbon investment&#13;<br \/>\nneeds will be satisfied by stimulating ESG investing.<\/p>\n<p style=\"text-align: center\"><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/201168\/TF.JPG#image-201168\" width=\"500\"\/><\/p>\n<h6 style=\"text-align: center\"><span style=\"font-weight: normal\">From left to right:\u00a0Mr. Chuan ZOU,\u00a0CEO\u00a0of TF International; Ms. Christine WILLIAMS, Deputy Global Head of Family Office of InvestHK;\u00a0Mr. Lei YU, Chairman of Tianfeng Securities, as well as Mr. Yong WANG, Chairman and President of TF International.<\/span><\/h6>\n<p style=\"text-align: center\">\u00a0<\/p>\n<p><b>Using fair and objective screening criteria, selected issuers are primarily&#13;<br \/>\nfrom traditional real sectors <\/b><\/p>\n<p>\u00a0<\/p>\n<p>The ChinaBond TFISEC ESG Selected Chinese Offshore USD Bond Index is&#13;<br \/>\nscreened for the entire Chinese USD bond market, which&#13;<br \/>\nincludes a total of 2,213 Chinese USD bonds that are potentially eligible&#13;<br \/>\nfor inclusion. The screening criteria are based on&#13;<br \/>\nthe ChinaBond ESG Evaluation published by ChinaBond&#13;<br \/>\nPricing Center, that is, issuers are grouped according to the Center&#8217;s industry&#13;<br \/>\nclassification standard before bonds issued by the top 30% issuers in term of&#13;<br \/>\nESG rating in each industry are selected for compilation. Constituent bonds are&#13;<br \/>\nreviewed and adjusted on a monthly basis. Information about the Index can be&#13;<br \/>\nfound on www.ChinaBond.com.cn.<\/p>\n<p>\u00a0<\/p>\n<p>The Index covers 12 traditional industries, including finance,&#13;<br \/>\nconstruction and real estate that constitute the largest part of the Index&#13;<br \/>\nin order as&#13;<br \/>\nfollows: 46%, 18% and 12%. Underlying companies include Chinese enterprises&#13;<br \/>\nsuch as Bank of China (3988.HK), Bank of Communications (3328.HK), Poly Real Estate&#13;<br \/>\n(600048.SH) and China State Construction (3311.HK). As of the end of October 2021,&#13;<br \/>\nthe Index is comprised of more than 360 Chinese USD bonds, accounting for about&#13;<br \/>\n20% of the overall Chinese USD bond market.<\/p>\n<p>\u00a0<\/p>\n<p><b>The Company of great vision<\/b><b> gets a head start in the green finance space<\/b><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>Tianfeng&#13;<br \/>\nSecurities, the parent company&#13;<br \/>\nof TF International, incorporated green finance into its core development&#13;<br \/>\nstrategy as early as 2016. As the first securities firm in China to establish a&#13;<br \/>\ngreen finance division, it is an advocate and pioneer in the field of green&#13;<br \/>\ninvestment. Sharing the same development approach of its parent company, an ESG-led&#13;<br \/>\nsustainability vision is deeply rooted in TF international&#8217;s DNA. The launch of&#13;<br \/>\nthe ChinaBond TFISEC ESG Selected Chinese Offshore USD Bond Index will effectively&#13;<br \/>\nfacilitate both onshore and offshore investments, and further satisfy the&#13;<br \/>\ngrowing demand of investors for high-quality and reliable Chinese USD bond&#13;<br \/>\nindex products with sustainability potential.<\/p>\n<p>\u00a0<\/p>\n<p>In tandem with the launch of the Index, TF International also plans to&#13;<br \/>\nlaunch an ETF product to track the Index in the near term. The new offering will&#13;<br \/>\nmainly track passive products. Collaboration and selling targets include&#13;<br \/>\nonshore and offshore entities, particularly European and American green fund&#13;<br \/>\nentities and Chinese entities, with the aim of offering a more diversified and robust&#13;<br \/>\nportfolio to the market. The Index may be listed on overseas exchanges in the&#13;<br \/>\nfuture. Research and negotiations are now under way.<\/p>\n<p>\u00a0<\/p>\n<p><b>Soaring tide of ESG investing places emphasis on both onshore and&#13;<br \/>\noffshore capitals<\/b><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>In recent years, there have been increasing concerns and conversations&#13;<br \/>\nabout environmental issues internationally. The three pillars of sustainability&#13;<br \/>\nrepresented by ESG, that are environmental, social and governance, have become&#13;<br \/>\nan important consideration for the global investment market. The ESG investment&#13;<br \/>\nmarket is changing rapidly. By the end of 2020, global equity and fixed income&#13;<br \/>\nESG-themed ETFs totaled over USD150 billion, up 85% from the end of 2019.<\/p>\n<p>\u00a0<\/p>\n<p><b>Yifan&#13;<br \/>\nAO, Director of China Central Depository &amp; Clearing Co., Ltd. (&#8220;CCDC&#8221;) and Chairman&#13;<br \/>\nof ChinaBond Pricing Center, <\/b>said,&#13;<br \/>\n&#8220;Currently, the idea of sustainable development has become&#13;<br \/>\na global consensus. As a key national financial infrastructure, CCDC actively pursues&#13;<br \/>\ngreen development by inventing the classification concept of &#8216;Real Green&#8217;&#13;<br \/>\nbonds, taking the lead in running the ChinaBond &#8211; Green Bond Environmental Benefits&#13;<br \/>\nInformation Database, as well as compiling and launching a series of green bond&#13;<br \/>\nindices. The ChinaBond TFISEC ESG Selected&#13;<br \/>\nChinese Offshore USD Bond Index launched in cooperation with TF international&#13;<br \/>\nis an innovative outcome of our deepening collaboration in the field of green&#13;<br \/>\nfinance. In the future, the creation of index-related products will help guide&#13;<br \/>\nonshore and offshore funds to serve the green and sustainable sectors, enhance&#13;<br \/>\nthe global resource allocation capacity of Chinese entities, and improve the&#13;<br \/>\nquality and efficiency of finance in serving the real economy.&#8221;<b\/><\/p>\n<p>\u00a0<\/p>\n<p><b>Yong WANG, Chairman and President of TF International,<\/b> remarked, &#8220;The launch&#13;<br \/>\nof ChinaBond&#13;<br \/>\nTFISEC ESG Selected Chinese Offshore USD Bond Index aims at facilitating the&#13;<br \/>\nparticipation of high-quality onshore companies in the internationalisation of&#13;<br \/>\nChina&#8217;s capital market while further improving the offshore financing&#13;<br \/>\nefficiency of Chinese enterprises so as to bring more high-quality capital into&#13;<br \/>\nChina and support the development of the real economy. For onshore issuers,&#13;<br \/>\ntaking the initiative to comply with an ESG framework in their daily operations&#13;<br \/>\ncan effectively improve their offshore financing efficiency and drive&#13;<br \/>\nenterprises to pursue all-round and sustainable ESG development. For offshore&#13;<br \/>\ninvestors, ESG-related indicators can also help them effectively screen out&#13;<br \/>\nhigh-quality businesses and obtain solid investment gains, forming a virtuous&#13;<br \/>\ncycle of continuous mutual benefits between underlying investments&#13;<br \/>\nand investors.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p>Currently,&#13;<br \/>\nTianfeng Securities Co., Limited has a BBB rating from MSCI ESG Ratings,&#13;<br \/>\noutperforming 67% of its global peers. In terms of ChinaBond ESG Evaluation, it&#13;<br \/>\nhas an ESG score of 8.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-11-30\/107683\/tf-international-and-chinabond-pricing-center-jointly-launch-the-first-esg-themed-chinese-offshore-usd-bond-index-to-effectively-drive-the-development-of-green-and-sustainable-financial-markets-and-fa\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211;\u00a0Media&#13; OutReach\u00a0&#8211; 30 November 2021 &#8211;\u00a0TF International Securities Group Limited (&#8220;TF&#13; International&#8221; or &#8220;the Company&#8221;), a wholly-owned subsidiary of Tianfeng&#13; Securities Co., Limited (Stock Code: 601162.SH), and ChinaBond Pricing Center Co., Ltd. (&#8220;ChinaBond Pricing Center&#8221;) today&#13; jointly launched the ChinaBond TFISEC ESG Selected Chinese Offshore USD Bond&#13; Index (&#8220;the Index&#8221;), the first &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19153"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19153"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19154"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}