IN BRIEF (Page 18)

AIIB rules out irrational moves

The Asian Infrastructure Investment Bank will finance projects as per prudential norms, avoiding irrational moves, Jin Liqun, the lender's president, said on Tuesday.

P2P sector faces risk control challenges

Information technologies and innovation are not only reshaping the landscape of manufacturing but changing the roadmap of the virtual financial sector.

Novo Nordisk eyes technology tie-ups

The world's top insulin producer by sales is confident that China's focus on innovation will spur it toward new partnerships with local entrepreneurs for technology solutions to complement modern treatments for diabetics, said Jakob Riis, executive vice-president of China and Pacific & marketing, Novo Nordisk A/S.

DSM sees healthy growth in Chinese market

Despite China's slowing economy, Royal DSM NV, the Netherlands-based nutrition and material sciences company, said it will continue its investment in the country as affluent consumers are willing to pay more for their health.

Haier to be platform for cultures to coexist and innovate

Zhang Ruimin, chairman of Haier Group, said China's largest maker of home appliances will continue to be the platform where different cultures could coexist, thrive and contribute creative inputs for innovation in the industry, in line with the government's current emphasis.

Fantawild rides boom in mainland theme parks

Fantawild Holdings Inc, one of China's leading theme park brands, plans to ride the boom in the sector and double the number of its parks over the next five to ten years.

Pfizer bolsters China presence with $350m plant for biotech

Pfizer Inc said Tuesday it will invest $350 million in Hangzhou, eastern China on a plant for biotechnology drugs, bolstering its presence in the world's second biggest pharmaceutical market despite slowing economic growth in the country and rising pressure on prices for medicines.

US extends ZTE reprieve from sanctions over alleged violations

The US government has extended through to Aug 30 a reprieve of tough export restrictions imposed on the Chinese smartphone maker ZTE in March for allegedly breaking sanctions against Iran, the Commerce Department said on Monday.

Kuka poised to sign Midea bid

German robotics maker Kuka AG is on the brink of agreeing to a takeover bid from Chinese bidder Midea Group Co that includes a long-term commitment to its existing headquarters, factories and jobs, a source close to the negotiations said.

Mainland stocks advance most in Asia, resist Brexit fall

Chinese mainland stocks advanced the most among emerging markets in Asia as raw-material producers rose on expectations that a campaign to reduce overcapacity will support prices and smaller companies rallied.

China Minsheng's big push into air

China Minsheng Investment Group, the country's largest private investment conglomerate, is investing aggressively in China's burgeoning general aviation sector.