GTJAI INCORPORATES ESG INTO NEWEST CREDIT RISK POLICY

KUALA LUMPUR, July 6 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI) has incorporated environmental, social and governance (ESG) risk factors into its Newest Credit Risk Policy to control and manage the ESG risks at the business operation level more efficiently.

The GTJAI’s Newest Credit Risk Policy covers all its subsidiaries and affiliates in all types of businesses including, but not limited to, lending, underwriting of debt securities, derivatives trading, and other financing activities.

According to GTJAI in a statement, the policy reflects ESG criteria formally in the client onboarding, due diligence and credit risk management process with reference to global ESG frameworks.

As specifically required in the policy, all business teams are responsible for the Know-Your-Client (KYC) process by reviewing clients’ financial reports, ESG report, performing background check on shareholders, reviewing internal policies and controls.

In addition, all business teams are required to conduct enhanced due diligence on higher ESG risk customers, as well as include ESG rating downgrade in assessing potential clients’ profiles and documentation.

GTJAI is the market leader and first mover for internationalisation of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering.

Based in Hong Kong, GTJAI provides comprehensive, diversified and high-quality integrated financial services.

-- BERNAMA