On September 3, the 2022 China International Fair for Trade in Services International Forum on ESG and Sustainable Investment, co-hosted by the United Nations Industrial Development Organization Investment and Technology Promotion Office, the United Nations Industrial Development Organization Representative Office in China, CICPMC-GEC and Caixin media, was held at the China National Convention Center. Chairman Li Yong was invited to attend and make an important speech. The forum invited heads of relevant departments of national ministries and commissions and local governments, representatives of international organizations in China, think tank experts, executives and entrepreneurs of the world's top 500 enterprises, science and technology innovation enterprises and investment institutions to conduct in-depth exchanges on innovation, industrial development, ESG (environment, society, governance), sustainable investment and other topics, and build a platform for win-win cooperation.

At the Roundtable Discussion on innovation and sustainable development, an important part of the forum, Chairman Li Yong pointed out that investment behavior should be restrained and controlled in environment and social responsibility, only in this way, the investment-driven innovation can really promote the sustainability of human development. The national unified market is a cycle that becomes domestic and international circulation, which promotes each other. Its main goal is to gather resources, promote competition, encourage innovation, optimize the division of labor and promote growth. It is a powerful support for Chinese enterprises to face global competition.

Shang Fulin, the director of the Economic Committee of the CPPCC National Committee, and the former chairman of the China Banking Regulatory Commission, said in his speech that we should full play the leading role of the value investment standards of ESG. We should promote more economic resources to flow to fields where can greatly spur our innovation and employment, and has good development prospect for green cycle. We shall speed up the completion of the green financial standard system, encourage financial institutions to optimize their financial products and service systems, improve ESG investment strategies, and guide more financial resources to the ESG industry. We should actively complete the national carbon emissions trading market, making the market play a decisive role in implementing carbon reduction and environmental protection policies, gradually forming a long-term mechanism.

Sheng Qiuping, member of the CPC Leadership Group of the Ministry of Commerce and Vice Minister, pointed out in his speech that practicing ESG is helpful to promote the sustainable development of the real economy and capital market, upgrade the standards for enterprises to fulfill their social responsibilities in investment and operation. We need to continuously improve the environmental quality, establish a sound environmental governance system. We should work together to boost economic development and energy emission reduction, achieving the goal of carbon peaking and carbon neutrality. This is an important direction of global future development. The Ministry of Commerce will implement the new development concept completely, accurately and comprehensively, and continue to work to advance high-level opening up, stimulate the kinetic energy of service trade, and promote stable economic development. In this way, we can provide a good environment for green transformation and upgrading and high-quality development.

During the forum, Chairman Li Yong also conducted in-depth exchanges with the participants on the key topics such as the realization of dual-carbon target and the development of new energy industry, and reached broad consensus. This communication will play a positive role in promoting the future development of Chinayong Group in the fields of new energy and intelligent manufacturing.

Chairman Li Yong sat at the VIP seat of the 2022 China International Fair for Trade in Services International Forum on ESG and Sustainable Investment

Chairman Li Yong, and heavyweight guests attending the 2022 China International Fair for Trade in Services International Forum on ESG and Sustainable Investment

Photo of chairman Li Yong and the guests of the 2022 China International  Fair for Trade in Services International Forum on ESG and Sustainable Investment on the rostrum

Chairman Li Yong communicated with the guests at the Roundtable Discussion of the ESG and Sustainable Investment

Chairman Li Yong had an important speech at the Roundtable Discussion of the ESG and Sustainable Investment