The chapter begins with an introduction to the theoretical development of CSR, highlighting the strengths and limitations of the conventional market-based CSR approach. It then transitions to the state-centric CSR approach that has emerged in China. The Chinese government plays a pivotal role in promoting CSR by mandating, facilitating, and endorsing CSR practices among Chinese companies. This state-centric approach is realized through numerous policies and regulations issued by the Chinese government. The chapter specifically analyzes the selective legal instruments used by the Chinese government to promote overseas CSR and green finance from 2007 to 2021. The analysis of China’s policies and regulations reveals the potential advantages and challenges of the state-centric approach.

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State-Centric Corporate Social Responsibility (CSR) and China’s Policy Framework

  • Bingyu Liu

摘要

The chapter begins with an introduction to the theoretical development of CSR, highlighting the strengths and limitations of the conventional market-based CSR approach. It then transitions to the state-centric CSR approach that has emerged in China. The Chinese government plays a pivotal role in promoting CSR by mandating, facilitating, and endorsing CSR practices among Chinese companies. This state-centric approach is realized through numerous policies and regulations issued by the Chinese government. The chapter specifically analyzes the selective legal instruments used by the Chinese government to promote overseas CSR and green finance from 2007 to 2021. The analysis of China’s policies and regulations reveals the potential advantages and challenges of the state-centric approach.