Author(s)

Xiaofang Huang ¹

Affiliation(s)

¹ Manulife Fund Management, Shanghai, 200120, China

Corresponding Author

Xiaofang Huang

ABSTRACT

This research investigates the impact of green stock indices and ESG factors on financial markets, investment strategies, and corporate behavior. Using various research methods, it compares the Huazheng ESG Leading Index to the CSI 300 Index and finds that the former exhibits a higher long-term return rate. The study highlights the growing importance of sustainable finance and green stock indices, emphasizing the need for their development and transparency to support a more environmentally responsible economy. It also addresses the emergence of green indices in China and suggests policy recommendations to promote their growth, particularly in heavily polluting industries and institutional investments.

KEYWORDS

Green Stock Indices, ESG Considerations, Sustainable Finance, Chinese Green Indices, Environmental Responsibility

CITE THIS PAPER

Xiaofang Huang, The Impact of Green Stock Indices and ESG Considerations on Sustainable Finance—A Study of Chinese Green Indices. Financial Engineering and Risk Management (2023) Vol. 6: 143-150. DOI: http://dx.doi.org/10.23977/ferm.2023.061019.

REFERENCES

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[2] Jie Yiyuan. Establishing Green Stock Indices to Guide Capital Support for Green Economic Development [N]. Financial Times, 2021-09-15(007). DOI: 10.28460/n.cnki.njrsb.2021.004900.
[3] Chun Tang. Research on the Stock Price Effect of Green Index Releases. Soochow University, 2021. DOI: 10.27351/d.cnki.gszhu.2020.003132.
[4] Jiaxue Liu. Design of Stock Fund Products Based on ESG Integration Strategy. Jiangxi University of Finance and Economics, 2020. DOI: 10.27175/d.cnki.gjxcu.2020.000787.
[5] Huang X. (2023). Application Research of Green Finance in Fund Industry. Frontiers in Economics and Management, 10(4), 221-233. DOI: 10.6981/FEM.202310_4(10).0025.
[6] Tao Hui. Feasibility Study of Green ETF Investment Based on Risk-Adjusted Returns. Northwest A&F University, 2021. DOI: 10.27409/d.cnki.gxbnu.2020.000548.
[7] Ting Yu, Xianming Duan, Chazhong Ge, et al. Analysis of the Current Situation and Development Suggestions of China's Green Stock Indices. Environmental Protection, 2018, 46(18): 42-46. DOI: 10.14026/j.cnki.0253-9705. 2018. 18.010.
[8] Yijie Zhu. Research and Reflection on the Development of Green Stock Indices in China. Financial World, 2018(07): 59-64.
[9] Huang X. (2023). Research and Prospects for the Development of Green Bonds under the Dual Carbon Target. Frontiers in Business, Economics and Management, 10(3), 184–188. https://doi.org/10.54097/fbem.v10i3.11522.

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