IFC to boost its VC investment in innovation startups

World Bank Group member wants to increase its exposure in the area on the mainland

International Finance Corporation, a member of the World Bank Group, will increase its venture capital investments in China's innovative startups sector next year, a senior company executive said.

Nikunj Jinsi, who heads IFC's venture capital global investment group, said at a time when the market is slowing down and people are getting a bit nervous about it, this is an opportunity for the company to come in and increase its exposure in the area.