China to unveil new rules to rein in fund 'greenwashing'

China to unveil new rules to rein in fund 'greenwashing'

A man walks past a coal-fired power plant in Shanghai, China, October 14, 2021. REUTERS/Aly Song/File Photo

China plans to tighten rules to regulate environmentally friendly, or so-called green funds, as part of its efforts to rein in ‘greenwashing’ in the world’s second-largest climate fund market, sources with direct knowledge of the matter said.