日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Across America

China paying more attention to corporate governance

By Paul Welitzkin in New York | China Daily USA | Updated: 2015-03-18 10:55

China's explosive economic growth has caused it to pay more attention to corporate governance, and as the country sends more investment dollars abroad, it will realize the important role governance plays in producing more value for investors, according to a financial adviser.

"Transparency and accountability are the key factors in developing good corporate governance, and China is also aware that good governance increases long-term value," Colin Melvin, CEO of London-based Hermes Equity Ownership Services Ltd, said in an interview.

Melvin advises and represents pension funds and other long-term institutional investors in Europe on environmental, social and governance issues, especially though aggressive fiduciary management.

Melvin said that he and his firm have observed a number of steps China has taken to improve corporate governance and practices, including advances in regulatory enforcement, financial reporting and reform of State-owned enterprises.

Like their counterparts in the West, Chinese companies are also being pressured on environmental and social issues especially when it comes to the disclosure of sustainability practices, Melvin said.

"China's investment market is dominated by retail investors and short-term trading activities. Many of us would like to see increased participation by institutional investors like sovereign wealth funds like the China Investment Corporation and the National Social Security Fund in ESG (Environmental, Social and Governance) initiatives," he said.

Chinese companies can turn to the domestic or overseas markets when deciding to go public and list shares. Companies with A-shares are listed on the Shanghai exchange while H-shares are listed on the Hong Kong Stock Exchange.

Last year China linked the two stock exchanges, allowing a combined $3.8 billion of cross-border equity trading. Companies that list on the Hong Kong exchange use a principle-based corporate governance system similar to what is employed in the United Kingdom, said Melvin. Companies that are listed on the Shanghai exchange use a two-tiered governance system composed of boards and administrative rules.

"We believe that a move in China from a rule-based and administrative approach toward a capital-market driven approach will be more consistent in achieving capital-market development and sustainable long-term economic growth," Melvin said.

He said corporate governance in Chinese companies can be improved through increased board accountability, an increased use of independent directors, ensuring the integrity of the audit process and additional minority shareholder protections.

"Of course many companies in other parts of the world would also serve their investors better if they strived to meet these measures," he added.

Improved corporate governance took on new significance in the aftermath of the global financial crisis in 2008-2009. Even with the implementation of the Dodd-Frank Act in the US, Melvin acknowledges progress seems slow in obtaining better corporate governance.

[email protected]

 

Polar icebreaker Snow Dragon arrives in Antarctic
Xi's vision on shared future for humanity
Air Force units explore new airspace
Premier Li urges information integration to serve the public
Dialogue links global political parties
Editor's picks
Beijing limits signs attached to top of buildings across city
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: www久久精品 | 欧美日韩一区二区三在线 | 精品国产一区二区三区久久 | 午夜影院在线观看视频 | 奇米影视 首页 | 亚洲成人免费视频在线观看 | 亚洲一区二区三区在线免费观看 | 亚洲 欧美 日韩 在线 香蕉 | 久操免费在线视频 | 天天干天日 | 欧美日韩国产一区二区三区 | 国产h视频在线观看高清 | 在线一区二区三区 | 成人黄色在线观看视频 | 91短视频在线视频 | 国产一区二区在线免费观看 | 国产成人综合一区精品 | 精品国产91乱码一区二区三区 | 精品国产一区二区三区香蕉沈先生 | 免费黄色在线观看 | 91视频在线 | 亚洲无线 | 婷婷色爱区综合五月激情韩国 | 四季久久免费一区二区三区四区 | 国产精品视频一区二区三区不卡 | 久草免费新视频 | 天天干网 | 日韩一区二区三区视频 | 亚洲一区二区三 | 一级香蕉免费毛片 | 911影院 | 国产熟妇另类久久久久XYZ | 91视频社区 | 久久亚洲国产精品无码一区 | 亚洲免费在线看 | 亚洲资源在线 | 成人免费一区二区三区视频软件 | 色亚洲色图 | 日本精品在线观看 | 亚洲日韩aⅴ在线视频 | 人人欧美 |