Tencent was downgraded by ESG and foreign capital withdrawal

Among the ESG funds in Europe, more than 40 funds have sold Tencent Hong Kong shares, the global leader of the game industry, worth about 1.2 billion US dollars in the past six months. Tencent Hong Kong shares closed at HK $349 on the 23rd, with a cumulative increase of 19.78% over the past six months.

In late August 2022, the international ESG rating agency Sustainalytics under Morningstar lowered the Tencent ESG rating to the category of "not in line with" the United Nations principles, and the funds managed by AXA Investment Managers SA, Candriam and Storebrand Asset Management sold Tencent shares.