Daily life
A 2018 China Green Companies Summit was held in Tianjin Binhai New Area Yujiapu on April 22. The summit may well have been the first to focus on the value of impact investment, a combination of investment and public welfare.
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The first part of the 2018 China Green Companies Summit [Photo/enorth.com.cn] |
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The first part of 2018 China Green Companies Summit[Photo/enorth.com.cn] |
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Participants listen to the speech at the summit.[Photo/enorth.com.cn] |
Impact investment is a new concept in Chinese capital markets, but Morgan Stanley and the Rockefeller Foundation raised the concept in 2010. It means the investment generates returns for investors but also generates public benefits.
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The director of the China Entrepreneur Club and the former president of China Merchants Bank Ma Weihua delivers a speech. [Photo/enorth.com.cn] |
"The concept of impact investment is an important part of philanthropic finance. It refers to using the management method of modern enterprises in managing public organizations and distributing public resources to reach the goal of public welfare," Ma Weihua said, "Although it is a new word in China, it will become the trend of investment."
Nine-tenths of the American capital market, involving 400 listed companies, is impact investment.
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Sun Qiang, partner of TPG China Branch, gives a speech.[Photo/enorth.com.cn] |
"How to make the investment generate more benefits and serve public welfare are the questions we are researching," Sun said.
Impact investment is measured by three standards. The first is strict assessment. The second is quantitative assessment. And the last is can it attract well-known celebrities.
TPG has put a $2 billion fund into impact investment, and it will launch the first impact investment project in China which is likely to be the first Chinese impact investment project.
