China: The PRI welcomes the issuance of the Basic Standards, their alignment with IFRS S1, and MoF’s effort to promote the adoption of ISSB standards and plan for a unified sustainability reporting framework in China. We suggest a few areas MoF may want to consider to further align with IFRS S1 and adopt climate-related standards as soon as practicable.

The CSRC’s consultation regards updates to its corporate disclosure regulation rules, including Measures for the Administration of Information Disclosure by Listed Companies (the Measures); Standards Concerning the Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No.2 — Contents and Formats of Annual Reports (No.2 document); and No.3 — Contents and Formats of Semi-Annual Report (No. 3 document).

Among key updates in this revision are revisions to regulation implementation practices, such as risk disclosure requirements and sustainability disclosure. The PRI’s submission welcomes the CSRC’s proposals where it clarifies how relevant regulatory sustainability disclosure frameworks will be embedded into disclosure requirements. 

See the full response in English and Chinese below.

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