China Aims to Curb Water Use in Cities With Progressive Pricing

China Aims to Curb Water Use in Cities With Progressive Pricing

China, the world’s most populous nation, called on cities to scale charges for water based on consumption by the end of 2015 to conserve the vital resource. The National Development and Reform Commission said local governments should set at least three tiers of water prices, according to a statement on its website today. Areas facing water shortage should implement bigger price increases with usage, the NDRC said. Rapid urbanization in China has put pressure on resources such as water, land and oil. China’s leaders pledged at a November gathering to speed up urbanization as part of policies that represent the biggest expansion of economic freedoms since at least the 1990s. The country’s urban population surpassed that of rural areas for the first time in the country’s history in 2011. Eighty percent of residential households’ monthly average water use should be priced at the first tier, the nation’s top economic planner said. Second-tier prices should be at least 1.5 times higher with third-tier prices doubling from that level.

To contact Bloomberg News staff for this story: Feifei Shen in Beijing at

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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