“Expert Corner” is a special section on Bamboo Works where executives and professionals from investor relations, public relations, financial services and other related fields can share their expert views and perspectives on the latest trends in their sector. If you are interested in contributing, please contact us at info@thebambooworks.com

Navigating China’s New ESG Disclosure Guidelines

The new document published by a state-backed think-tank in June provides clear guidance on standards for environment, social and governance best practices in China By Tim Nicholls The Guidance for Enterprise ESG Disclosure launched on June 1 is the first China-focused environmental, social and governance (ESG) disclosure standard issued in the country. While its reporting guidelines are not mandatory, it represents a step forward for the private sector and a good foundation in this huge market for further regulatory developments. The voluntary set of guidelines was published by the China…

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The Growing Legal Risks of ESG

Companies that issue environmental, social and governance materials are under growing scrutiny from regulators and shareholders for false or misleading statements By George Boychuk ESG investing involves the analysis of environmental, social, and governance (ESG) factors when making investment decisions. Such investment has gained increasing attention from fund managers in recent years, leading to rapid growth in ESG-focused mutual funds and exchange traded funds. That, in turn, has led businesses across a range of industries to promote and try to capitalize on their ESG credentials. 

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Is Elon Musk Actually Right About ESG?

While the “environment” element of ESG is relatively well defined, the “social” and “governance” pieces are far more subjective By Edith Terry Mad genius Elon Musk may get more hate mail than Johnny Depp’s ex-wife actress Amber Heard these days, and I am certainly not a fan. But when he fired off a tweet calling ESG a “scam” that has been “weaponized by phony social justice warriors” on May 18, immediately after S&P Dow Jones Indices dumped his electric carmaker Tesla Inc. (TSLA.US) from the S&P 500 ESG Index, I…

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New China Accounting Scandal Flies Under the Radar. And Where There’s Smoke …

Cloud services provider Cloopen disclosed it may have faked up to 80 million yuan in sales last year after being tipped off by its auditor, which later resigned By Doug Young A high-flying Chinese Starbucks imitator called Luckin (LKNCY.US) made global headlines around this time two years ago, tumbling from grace after admitting to massively cooking its books. Now, a much lower-profile, but similar, scandal is brewing at a Chinese cloud services company called Cloopen (RAAS.US), which is saying as much as 10% of its sales in last year’s second…

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New Roles for the Board: Getting Involved in Communications and Corporate Reputation

As boards evolve to take on more functions, their assistance with communications in times of crisis can help to ease the pressure on management By Vivian Lines Covid-19 has brought into sharp relief the expanded role that boards of directors can take to support management and add value to the organization in difficult times. Communication with stakeholders is one way in which boards can augment the work of management.

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ESG Finds Growing Place at the China Investment Table

Chinese institutional investors are increasingly considering environmental, social and governance factors when choosing where to place their money By Charles Qiu Corporate social responsibility (CSR) has become a relatively common concept among Chinese companies, mainly in relation to topics like poverty alleviation that have been on the government agenda for a while. Much newer to the country are environmental, social and governance (ESG) considerations, a more comprehensive concept that has gained greater attention in recent years due to growing interest from financial institutions.

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Finding Middle Ground: Chinese Companies Need to Recalibrate Their Global Strategies

The world is a far different place from the one Chinese companies faced when they first began going out. They need to change their strategies to reflect that By Lub Bun Chong The U.S.-China decoupling shows no signs of abating anytime soon. That means that, like it or not, Chinese companies need to go back to the drawing board and recalibrate their international fundraising and growth strategies. In December 2021, the U.S. capital market regulator, the Securities and Exchange Commission, issued regulations threatening to delist U.S.-listed Chinese companies that do…

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New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team Chinese concept stocks experienced unprecedented challenges in the Year of the Ox. The small and mid-sized companies covered by Bamboo Works were no exception, also coming under intense pressure. Looking past their stock prices and financial reports, how did these companies perform in terms of media and investor attention? Which companies stood out despite all the pressures? Our special report highlights such trends…

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China Securities Regulator Takes on VIEs. Now It Needs to Address Depositary Receipts

The popular form of shares for overseas-listed firms provides nice profits for companies that use them, but are less advantageous for shareholders By George H. Gregor Chinese companies often use the Variable Interest Entity (VIE) structure to conduct initial public offerings (IPOs) outside the People’s Republic of China (PRC) and avoid certain restrictions on foreign investment. Recently the China Securities Regulatory Commission (CSRC) and other regulatory agencies published draft rules for such overseas offerings, which if adopted will be beneficial for investors. However, additional measures are needed to protect investors…

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Avoiding Greenwashing

By Helen Lam As companies develop their Environmental, Social and Governance (ESG) strategies, investors and stakeholders are becoming increasingly watchful for instances of ‘greenwashing’. Organizations’ claims of being progressive in their ESG performance are being more closely examined and – whatever the original intention – may come to be viewed as words over substance. Therefore, companies that want to communicate their ESG efforts effectively and legitimately should seek to be transparent at every step and be ready to back up their claims with data. What is greenwashing and how do you…

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