China has seen a surging number of ESG indices developed domestically during the past three years, but the country’s bankers note that the theme remains out of reach for structured wealth products.

Citic Wealth Management (WM) on 19 August rolled out the CSI Citic-Wealth Coastal Core Economic Belt ESG Select 100 Index , which marks ‘the first proprietary ESG cross-market equity index developed by a Chinese bank’s wealth arm in the country’. The index, which is calculated by China Securities Index (CSI), is designed to cover 100 securities located in Coastal Core Economic Belt with ‘high ESG scores as well as high overall scores’ within CSI 300 and CSI HK Conn

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