The Ministry of Environmental Protection issued a notice yesterday afternoon that requires provincial-level environmental agencies to be more rigorous in their inspection of the environmental record of listed companies. The new policy will come in to effect in six months. According to the notice, provincial-level environmental agencies have been told not to accept any applications to approve the environmental record of any listed companies that, in the past year, have been responsible for major environmental incidents. Companies that do not pass or have not applied for environmental inspection are required to mention this in their annual reports.

Source
China Securities Journal

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