Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 75 , 17 April 2024
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Access | Article
A Global Phenomenon and China’s Emerging Role
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Abstract
This article offers a comprehensive examination of the present and future states of impact investing in China, an emerging domain where financial capital is strategically utilized to address societal and environmental challenges. The study commences with a historical review, outlining the global rise of impact investing and its transition within the Chinese economic framework. It meticulously differentiates between impact investing, Environmental, Social, and Governance (ESG) investing, and venture philanthropy, thereby elucidating their distinct roles and objectives. The paper then delves into the unique characteristics of the Chinese context, focusing on the early stages of the impact investing market, the cultural and legal challenges encountered, and the distinctive roles of family offices and high-net-worth individuals. It emphasizes the increasingly significant role of family offices in the Chinese impact investing arena. Additionally, the article critically assesses the current frameworks and methodologies for evaluating impact investments, discussing their limitations and the complexities involved in quantifying social and environmental impacts. Through policy recommendations, the study advocates for the strengthening of regulatory frameworks, the enhancement of standardization, and the promotion of educational initiatives to cultivate a more robust impact investing ecosystem in China. The paper concludes by recognizing the untapped potential of impact investing in China, suggesting that advancements in legal frameworks, market transparency, and public awareness could significantly propel the sector forward. This research contributes to a deeper understanding of impact investing in China, offering insights and guidelines for policymakers, investors, and scholars interested in the intersection of finance and social good.
Keywords
Impact Investing, Family Office, Philanthropy, Social enterprise, Capital for Good
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-373-9
- ISBN (Online)
- 978-1-83558-374-6
- Published Date
- 17 April 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/75/20241592
- Copyright
- 17 April 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited