Whether responsible investing reduces portfolio risk remains open to discussion. We study the relationship between ESG performance and downside risk at fund level in the Chinese equity mutual fund market. We find that fund ESG performance is positively associated with fund downside risk during...

Purpose Despite most studies on political ties focusing on the interpersonal relationships between firms and government officials, this study suggests that local party committees (LPCs) create special forms of political ties in China – i.e. organizational political ties. The purpose of this...

Purpose – The aim of this paper is to outline some key features of China's new rules on anti‐money laundering. Design/methodology/approach – This paper describes the expanded definition of “anti‐money laundering”; the application of the rules to a broader group of financial...