Bo Bai, Chairman and Founder of AGF, Was Awarded China Top3 Impact Investor 2020


On October 31st, 2020 China’s Impact Investor Award was announced on the annual meeting of the China Social Enterprise and Impact Investment Forum after an evaluation period of three month. Dr. Bo Bai, Chairman and CEO of AGF was awarded 2020 Top 3 Impact Investors along with Wenlu Ying, Chairman of Addor Capital, and Xiangyang Zhang, Chairman of Haitong Capital.
The “2020 Top 3 Impact Investors” award is jointly initiated by the CYZone and the China Social Enterprise and Impact Investment Forum. Investors were evaluated in four categories, namely investment intention, industry impact, investment performance, measurement and management, and the top 3 were selected through registration, questionnaire, data analysis and expert review. Those experts involved include Lixin Nan, founder and CEO of CYZone, Jingsheng Huang, senior advisor of CreditEase and former general manager of Harvard Center Shanghai, Yiqi Yang, senior global partner of Bain & Company, Wenwei Zhu, head of business report and sustainable business development of KPMG, Manhong Liu, professor of China Renmin University and founder of Angel Investment. 
Dr. Bai shared his observation on impact investment, he said that on the one hand, facing anti-globalization, impact investment has gained increasing recognition and the scale of responsible capital is growing rapidly; On the other hand, the application of digital technologies has been accelerated during the Covid-19 pandemic, creating huge market opportunities for impact investors like AGF. AGF will persist in delivering long-term sustainable values for its limited partners and portfolio companies, while bringing green impact to the whole society.
Until now, AFG has made over 15 investments including China’s leading smart parking service platform AIpark, the largest battery switching network for two-wheeled electric bicycle (EB) users in China Immotor, a smart recycling packaging firm Horen Group, China's largest rural B2B platform Huitongda, a medical insurance SaaS company Union Drug, the tech-enabled solution provider for waste-free cities Low Carbon Environment, and an AIoT-driven energy management firm East Low Carbon etc.
Statistics indicate that there was only USD25.4 billion of impact investment in the global market, but it reached over USD700 billion in 2019. For industry insiders, although China sees its impact investment still in an initial stage, it holds huge market potential for its determination on green development, especially when Chinese top leadership promised to peak carbon emission peak by 2030 and become carbon neutrality by 2060. It is essential to introduce private capital to solve environmental problems, impact investment will become one of the key words in China’s capital market for the next decade.
After the award ceremony, the host of the forum officially announced the initiation of China Impact Investing Network (CIIN). CIIN aims to set up standards and promote collaboration among investors to build a healthy and prosperous impact investing ecosystem.

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