Excerpt from: China Supply Chain and Logistics Strategy
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| February 26, 2008 | | After “green credit” and “green insurance,” Beijing is placing more green policy on companies | Beijing will drive a green security program to require companies to have approved environmental record prior to raising capital. Deputy head of the State Environmental Protection Administration Pan Yue said “It will curb excessive growth in highly polluting sectors, reduce capital-market risk and spur listed firms to improve their environmental performance.” The tougher environmental standards put pressure on many industries. The agency reported that many permits for new projects were suspended last year until companies or local governments had resolved the violations. | | |
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