At the end of August 2015, Chinese government has issued the Air Pollution Control Law, which will be implemented starting 2016. Experts believe that although the law is inevitably flawed in some aspects, if 80% of the law can be implemented, it is going to significantly improve the air quality.  This law has been scrutinized three times. Compared to the revised Air Pollution Control Law in 2000, the new version doubled the entries. Almost all the laws in the current version has been amended and revised to fit the current situation. 
The foundation of our approach to ESG and impact investing is built on our core philosophy of serving our clients’ investment goals and adhering to our fiduciary responsibility as an asset manager. We partner with our clients to provide a broad spectrum of customized solutions, ranging from engineered portfolios that optimize for specific impact factors to custom portfolios of private impact investments. Given the breadth and diversity of both our clients’ objectives and our investment capabilities across our global platform, implementation by GSAM teams varies across asset classes and investment styles.