Responsibility Investment Forum | China Responsible Investment Annual Report 2023: China's responsible investment scale exceeds CNY 33 trillion.
In 2023, the size of China's responsible investment market exceeded CNY 33 trillion, maintaining a high growth trend. The size of the green credit market was CNY 28.58 trillion, with a total sustainable securities investment of approximately CNY 3.66 trillion and sustainable equity investment of approximately CNY 0.82 trillion. In terms of institutional responsible investment practices, public fund institutions are leading other types of institutions. The number of ESG investment products has significantly increased, but the scale has declined. Overall, ESG-themed products outperform ordinary products in terms of "ESG volume".
On December 5th, the 11th China Responsible Investment Forum released the "China Responsible Investment Annual Report 2023".
The report shows that in 2023, the overall size of China's responsible investment market continues to maintain a high-speed growth momentum, but the imbalance in structure still exists. As of the end of the third quarter of 2023, the total size of China's measurable responsible investment market is approximately RMB 33.06 trillion. Among them, green credit is RMB 28.58 trillion, the total amount of sustainable securities investment (including sustainable securities investment funds, sustainable bonds, and sustainable wealth management products) is approximately RMB 3.66 trillion, and sustainable equity investment is approximately RMB 0.82 trillion.
From the perspective of institutional responsible investment practices, in 2023, Chinese institutional investors have carried out responsible investment practices in various aspects such as strategy, management, products, climate, disclosure, and advocacy. Overall, public fund institutions are slightly ahead of other types of institutions in terms of practice. However, as responsible investment practices deepen, the difficulty increases, and more efforts are needed.
In terms of responsible investment products, in 2023, the number of ESG investment products in China is still growing significantly, but the overall size is affected by the overall market situation and has declined. Overall, ESG-themed products have a better "ESG score" than ordinary products, but the advantage is not very significant and there are significant individual differences.