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Hwabao WP Fund Management Co., Ltd

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

When a certain type of risk occurs in the market or a certain type of risk is expected to rise, we will analyze the impact of such risk on the debt solvency of the issuer and bond price. On this basis, we establish quantifiable indicators which have high correlation with such risks´╝îand set a series of thresholds. When the indicators over the threshold, we believe that the issuer's debt repayment risk is high, or the bond price will fluctuate.

The criteria are normally reviewed annually, but when unexpected risks arise in the market, screening criteria will be temporarily added and the frequency of review will increases. 

04.3. Additional information. [Optional]

FI 05. Examples of ESG factors in screening process (Not Completed)

FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Negative/exclusionary screening

06.2. Additional information. [Optional]