Local hiring and spending requirements fail to dent the city-state’s desirability as a family office base, and tax breaks serve as a sweetener.
The insurance giant's investment chief believes a $19 trillion funding gap in China’s energy transition could be covered by policy support, technology, innovation and reduced coal consumption.
China has its own green taxonomies. So Ping An has devised a framework that finally compares apples with apples.
When it comes to green investment destinations, G20 Apac countries lag behind their peers due to weak governmental policies as well as general investor reluctance, among other factors.
The country's largest insurer Ping An set up a $62 billion green investment target by 2025. Several more players are also joining the hunt for sustainable assets.
The National Green Development Fund is on a hiring spree and will set up a new investment management unit, a source revealed.