IFC partners with New Hope Liuhe

International Finance Corp, a member of the World Bank Group, is providing a long-term financing package of $60 million to support the expansion plan of the Singapore subsidiary of leading Chinese agribusiness company New Hope Liuhe Co.

IN BRIEF (Page 18)

Li & Fung set to open 300 outlets in mainland

Li & Fung Ltd plans to open 300 outlets in the Chinese mainland under a joint venture with two major department stores to develop fashion brands and home products.

Didi to launch app for corporate, govt users

Didi Kuaidi, China's largest car-hailing service provider, is driving its business in a new direction with plans to launch a separate service targeting corporate and government users.

Fosun International takes stake in Israeli insurer

Delek Group Ltd has agreed to sell its controlling stake in Phoenix Holdings Ltd, Israel's fourth-largest insurance provider by market value, to China's Fosun International Ltd.

Nansha navigates path to growth

Construction of port facilities and international cooperation will be given priority in Guangzhou, the capital of Guangdong province, which aims to build an international shipping center within three years, local authorities said on Tuesday.

KKR takes stake in professional training company

Global investment firm KKR & Co LP announced on Tuesday a strategic investment into Tarena International Inc, a Nasdaq-listed provider of professional education services in China.

Manufacturer in global push

Energy equipment firm Lanzhou LS Group Co Ltd expects its overseas operations to increase in the next five years on the back of China's Belt and Road Initiative.

Cautious approach can eliminate currency risks

A leading finance expert has warned China about the risks of turning the yuan into a global currency while pursuing the Belt and Road Initiative.

Deals grow along Belt and Road

Chinese companies are seeing concrete opportunities arise, both in domestic provinces and overseas countries, along the routes of the Belt and Road Initiative.

Sony's TV making being driven by Chinese demand

Sony Corp is targeting younger Chinese customers particularly from within the rising middle class with its high-end consumer electronic products and image devices as part of a three-year plan to return to profitability without simply chasing volume.

Absence of growth is biggest peril for lenders

For banks facing continuing market volatility and concerns regarding nonperforming loans, risk management plays a double role.