Under the guidance of China Association for Public Companies, the Release of Governance Index of Chinese Public Companies 2022 and Academic Seminar were held in Tianjin on December 4. The event was hosted by China Academy of Corporate Governance of Nankai University and co-organized by Business School of Nankai University, China Association for Corporate Governance, Tianjin Management Science Society, etc. Chen Yulu, President of Nankai University; Song Zhiping, President of China Association for Public Companies; An Qingsong, President of Securities Association of China; Huang Qunhui, Director of the Institute of Economics of the Chinese Academy of Social Sciences; Zheng Donghua, Deputy Director of the Research Center of the State-owned Assets Supervision and Administration Commission of the State Council, and others attended the event. 

Li Wei'an, Chair Professor of Nankai University and President of China Academy of Corporate Governance of Nankai University, released the 2022 Chinese Corporate Governance Index (CCGI^NK, also known as Nankai Governance Index) and China Listed Company Green Governance Index (CGGI) on behalf of the research group. Experts and scholars from the Chinese Academy of Social Sciences, Tsinghua University, Renmin University of China and other institutes and universities, as well as representatives of the business community, attended the meeting online or offline. 

Chen Yulu said that over the past 20 years, Nankai Governance Index has witnessed and assisted China in comprehensively deepening reform and opening up and making major historical achievements, which highlights Nankai University's centennial academic tradition of "knowing China and serving China" as well as its achievements in the modern era. It is hoped that Nankai University team will make more landmark achievements.

China Academy of Corporate Governance of Nankai University has released Chinese Corporate Governance Index (CCGI^NK) since 2003 and China Listed Company Green Governance Index (CGGI) since 2018. The indexes comprehensively portray the governance level of public companies in China over the years, and dynamically reflect the trend of China's corporate governance reform and development. The indexes have a far-reaching influence at home and abroad. 

In 2022, the CCGI^NK had a sample size of 4,679, covering 3,008 listed on the main board market, 1,085 listed on the ChiNext Market, 377 listed on the Science and Technology Innovation Board, 82 listed on the Beijing Stock Exchange, and 127 listed financial companies. The evaluation results of the governance of public companies in China reveal that the mean of governance index of public companies in 2022 increased by 0.35. Anhui Province, Henan Province, Sichuan Province, etc. are at the forefront in terms of corporate governance index. Privately controlled listed companies outperformed state-controlled listed companies. The Science and Technology Innovation Board performed well, ranking top. Except a slight decrease in the governance dimension of the board of supervisors, there were increases in the dimensions of shareholder governance, governance of board of directors, manager governance, information disclosure and stakeholder governance. 

The ESG had valid evaluation sample size of 1,366, including 1025 non-financial companies listed on the Main Board, 146 non-financial companies listed on the ChiNext Board, 84 companies listed on the Science and Technology Innovation Board, and 111 financial institutions. The evaluation results reveal that the average ESG index of public companies in China in 2022 is 56.58, an increase of 0.45 over the digit 56.13 in 2021. There is still great scope for improvement in the green governance of public companies. 

The report also put forward countermeasures for the governance of public companies in China and for solving problems in green governance in China.

(Edited and translated by Nankai News Team)