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The CSRC announced at a press conference on 30 June that it will bar firms penalized for violating environmental protection laws from going public as the country puts more emphasis on the ecological responsibilities of companies. The CSRC has mandated that firms subject to environmental-related administrative or criminal penalties in the last three years will be barred from launching an initial public offering of shares. In addition, the CSRC will continue to push forward with the pilot issuing of green bonds, while exchanges and institutions that compile indexes will work together to issue green bond indexes.
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