PE fund to bring green sheen to Silk Road

The first private-equity fund aimed at improving the environment along the planned Silk Road Economic Belt has started operating.

Wanglaoji foundation to aid youth soccer

Guangzhou Wanglaoji Great Health Industry Co, the famous Chinese herbal tea producer, has created a 50 million yuan ($8 million) foundation to develop youth soccer in China.

IN BRIEF (Page 18)

Year of promise for sustainable business

Last year was an amazing one for the world of sustainable business.

Amendment to Securities Law to get green light

The National People's Congress, the country's top legislature, is likely to approve the amendment to the Securities Laws this year, paving way for the much-awaited reform of the new-share sales mechanism.

Oil futures trading soon

China is likely to launch crude oil futures trading this year, the country's first international futures contract, Yang Maijun, the president of the Shanghai Futures Exchange, said on Tuesday.

Specific industrial zone for halal products planned for Wuzhong

Wuzhong, a city in the northwest of the Ningxia Hui autonomous region, is planning to build China's biggest domestic and international industrial zone for buying, processing and selling halal products - foods allowed under Islamic dietary guidelines.

Zhanjiang eyes trade growth with improved port facilities

Zhanjiang, a coastal city in western Guangdong province, is planning to expand its port handling capacity to meet the growing trade demand between the city and countries and regions along the ancient Maritime Silk Road, a senior government official said.

Rizhao aims for leading role in oil trade

Rizhao Port in the eastern province of Shandong aims to become the country's largest terminal for crude oil imports, and a key participant in the nation's energy security drive, by expanding and bringing in strategic investors.

NY factory to get new lease on life

A late 19th century industrial complex on New York's Brooklyn waterfront is slated for a $1 billion makeover that aims to transform the property into a modern hub for manufacturing and technology.

Gangnam style shifts to Bentleys, Maseratis

Flashy Maseratis and Bentleys are fast becoming the cars of choice for young, monied South Koreans, eclipsing German luxury brands now so commonplace that some in Seoul's upscale Gangnam district jokingly refer to a BMW 5-series as a Hyundai Sonata.

Bad loan risks 'kept at bay' in Shanghai

CBRC official urges commercial banks to disburse more funds for small firms nationwide